loans

Deccan Chronicle Holdings reject bid for Deccan Chargers


September 13th, 2012 - 7:12 pm ICT by IANS
Chennai, Sep 13 (IANS) The Indian Premier League (IPL) team Deccan Chargers owned by Deccan Chronicle Holdings Ltd. (DCHL) remained unsold Thursday after the sole bid from PVP Ventures was ... Read more...

Posted in Sports |

United Bank cuts interest rates on loans above Rs.1 crore


September 11th, 2012 - 6:07 pm ICT by IANS
Kolkata, Sep 11 (IANS) United Bank of India has reduced interest rates by 0.75 percent to 2.75 percent on medium and small loans above Rs.1 crore with effect from Sep ... Read more...

Posted in Business |

Give Greece extra time: Austria


August 27th, 2012 - 9:01 am ICT by IANS
Athens, Aug 27 (IANS/RIA Novosti) The payback period for Greece should be extended for two or three years if the country sticks to the savings targets and reform plans, Austrian ... Read more...

Posted in World |

Textiles firms seek loan restructuring


August 7th, 2012 - 8:35 pm ICT by IANS
New Delhi, Aug 7 (IANS) Apparel Export Promotion Council (AEPC) Tuesday urged the government to direct banks to restructure loans to textiles industry, which is reeling under Rs.155,809 crore ... Read more...

Posted in Business |

Bengal moves to recover WBIDC loans


August 7th, 2012 - 12:12 am ICT by IANS
Kolkata, Aug 6 (IANS) In an attempt to recover around Rs.500 crore in outstanding loans of the West Bengal Industrial Development Corporation (WBIDC), the state government Monday said it ... Read more...

Posted in Business |

Indian Bank posts 13 percent growth in net profit


July 23rd, 2012 - 11:38 pm ICT by IANS
Chennai, July 23 (IANS) A good system of recovering loans and increase in interest income enabled public sector Indian Bank to post around 13 percent growth in net profit for ... Read more...

Posted in Business |

Holmes changes Suri’s wardrobe


July 18th, 2012 - 7:49 am ICT by IANS
Los Angeles, July 18 (IANS) Following divorce with actor Tom Cruise, actress Katie Holmes is trying to change their daughter Suri Cruise's taste for expensive clothes.The six-year-old's wardrobe is ... Read more...

Posted in Entertainment |

HDFC quarterly net profit rises 18.6 percent


July 11th, 2012 - 9:23 pm ICT by IANS
Mumbai, July 11 (IANS) India's largest mortgage lender HDFC Wednesday reported 18.6 percent net profit at Rs.10,019.10 million for the quarter ended June 30 against Rs.8,445.30 million during the same ... Read more...

Posted in Business |

IFC loans euro 10 million to Same DeutzFahr India


July 10th, 2012 - 11:55 pm ICT by IANS
Chennai, July 10 (IANS) The International Finance Corporation (IFC) Tuesday announced a loan of euro 10 million (Rs.680 million) to the Indian subsidiary of Italian tractor maker Same DeutzFahr ... Read more...

Posted in Business |

Two sisters arrested for defrauding Kolkata bank


July 1st, 2012 - 8:50 pm ICT by IANS
Kolkata, July 1 (IANS) Two sisters from West Bengal's Darjeeling district' have been arrested for allegedly defrauding the Kolkata branch of a nationalised bank to the tune of Rs.1.48 crore, ... Read more...

Posted in Uncategorized |

World Bank allocates $52.6 bn of assistance in 2012


June 30th, 2012 - 4:14 pm ICT by IANS
Jakarta, June 30 (IANS) The World bank (WB) has allocated $52.6 billion of assistance fund for developing countries in the fiscal year of 2012, a statement released by it said ... Read more...

Posted in Business |

Chinese mafia ring busted, 58 held


June 19th, 2012 - 5:50 pm ICT by IANS
Beijing, June 19 (IANS) A total of 58 ex-convicts of a "mafia-style" gang have been detained following a massive police crackdown in southern China.The gang was busted in Conghua city ... Read more...

Posted in World |

Fraud uncovered in Chinese projects with foreign loans


June 19th, 2012 - 4:12 pm ICT by IANS
Beijing, June 19 (IANS) China has uncovered fraud worth 237 million yuan (around $37 million) in projects that used loans from foreign organisations, including the World Bank, Asian Development Bank, ... Read more...

Posted in World |

Bank of China to open Taiwan branch


June 13th, 2012 - 11:56 pm ICT by IANS
Beijing, June 13 (IANS) China's third-largest bank, the Bank of China, will open a branch in Taipei.Taiwan's financial regulator gave its approval Wednesday, Xinhua reported.The branch will focus on bank ... Read more...

Posted in Business |

Chinese firm to build Sri Lanka dam


June 8th, 2012 - 4:36 pm ICT by IANS
Colombo, June 8 (IANS) A Chinese company has bagged the contract to build the main dam for the Moragahakanda reservoir in Sri Lanka.The Sinohydro Corporation will build the $382 million ... Read more...

Posted in Business |

Highlights of Delhi budget


May 29th, 2012 - 12:24 am ICT by IANS
Highlights of the Delhi budget for 2012-13 presented Monday by Chief Minister Sheila Dikshit:- Scholarships for students belonging to th Scheduled Castes (SC), the Scheduled Tribes(ST), other backward classes (OBCs) and ... Read more...

Posted in Business |

SBI quarterly profit soars to Rs.4,050 crore


May 18th, 2012 - 4:36 pm ICT by IANS
Mumbai, May 18 (IANS) The country's largest lender State Bank of India (SBI) Friday reported a massive hike in net profit at Rs.4,050 crore for the quarter ended March ... Read more...

Posted in Uncategorized |

All options open on presidential polls: Mamata


May 4th, 2012 - 8:26 pm ICT by IANS
New Delhi, May 4 (IANS) West Bengal Chief Minister and Trinamool Congress chief Mamata Banerjee Friday said she is keeping all her options open for the presidential polls and ... Read more...

Posted in Uncategorized |

Asking for interest moratorium is Bengal’s right: Mamata


May 2nd, 2012 - 7:07 pm ICT by IANS
Kolkata, May 2 (IANS) It is West Bengal's right to seek a three-year moratorium on interest payments on central loans, said Chief Minister Mamata Banerjee Wednesday, adding: "We are ... Read more...

Posted in Politics |

Dhumal wants lower interest rate on NABARD loans


April 20th, 2012 - 9:04 pm ICT by IANS
Shimla, April 20 (IANS) Himachal Pradesh Chief Minister Prem Kumar Dhumal Friday called for a cut in the interest rate on the National Bank for Agriculture and Rural Development (Nabard) ... Read more...

Posted in Business |

IMF warns Russia over credit bubble


April 20th, 2012 - 5:12 pm ICT by IANS
Washington, April 20 (IANS/RIA Novosti) The International Monetary Fund (IMF) has warned Russia it faces the risks of a "credit bubble swelling up" due to the rapid growth in consumer ... Read more...

Posted in Business |

Home prices down in China


April 18th, 2012 - 7:25 pm ICT by IANS
Beijing, April 18 (IANS) New home prices in most Chinese cities have declined in March, the country's National Bureau of Statistics (NBS) said Wednesday.In March, 46 of the statistical pool ... Read more...

Posted in Business |

South Korean banks’ foreign borrowing growth slows


April 18th, 2012 - 3:19 pm ICT by IANS
Seoul, April 18 (IANS) South Korean banks' foreign borrowing growth slowed last month as local lenders borrowed less loans from overseas amid easing external uncertainties, a financial watchdog said Wednesday.The ... Read more...

Posted in Business |

Spanish banks borrow a record $417 bn


April 14th, 2012 - 12:02 pm ICT by IANS
Madrid, April 14 (IANS/EFE) Spanish financial institutions borrowed a record 316.34 billion euros ($417 billion) from the European Central Bank last month, according to data released by Spain's central bank.The ... Read more...

Posted in Uncategorized |

Himachal debt rises to Rs.25,313.70 crore


March 27th, 2012 - 6:35 pm ICT by IANS
Shimla, March 27 (IANS) The debt burden of Himachal Pradesh has increased to Rs.5,140.56 crore over the past four years, Chief Minister Prem Kumar Dhumal said here Tuesday."The debt from ... Read more...

Posted in Business |

S&P; cuts Greek sovereign rating


February 28th, 2012 - 1:56 pm ICT by IANS
London/Brussels, Feb 28 (IANS) Standard & Poor's Monday cut Greece's "CC" long-term and "C" short-term sovereign credit ratings to "selective default" (SD) after the debt-laden country launched a bond swap ... Read more...

Posted in Business |

Sensex closes 284 points lower (Second Lead)


February 22nd, 2012 - 5:10 pm ICT by IANS
Mumbai, Feb 22 (IANS) A benchmark index for Indian equities markets provisionally closed 284 points lower Wednesday as investors booked profits after recent rallies. Realty, consumer durables and metal ... Read more...

Posted in Business |

Mazda plans $1.25 bn capital increase


February 21st, 2012 - 3:56 pm ICT by IANS
Tokyo, Feb 21 (IANS) Mazda Motor Corp. is mulling an increase of its capital amounting to 100 billion yen (about $1.25 billion) by issuing new shares in an attempt to ... Read more...

Posted in Business |

Eurozone reaches Greek bailout deal


February 21st, 2012 - 11:55 am ICT by IANS
Brussels, Feb 21 (IANS) Finance ministers from the eurozone reached a Greek bailout plan Tuesday, agreeing on measures to reduce the country's debt level to 120.5 percent of its gross ... Read more...

Posted in Business |

Fake US bonds seized


February 18th, 2012 - 2:12 pm ICT by IANS
Rome, Feb 18 (IANS) Italian police announced Friday they had seized fake US Treasury bonds with a face value of $6 trillion in Switzerland, a media report said. The bonds, ... Read more...

Posted in Uncategorized |

Will halt US drone strikes: Imran Khan


February 11th, 2012 - 9:11 am ICT by IANS
Islamabad, Feb 11 (IANS) Head of Pakistan Tehreek-e-Insaf (PTI) party Imran Khan has said his party will stop US drone strikes in the country if it comes to power.PTI will ... Read more...

Posted in South Asia |

SIDBI may achieve 21 percent credit growth by March-end


February 10th, 2012 - 7:05 pm ICT by IANS
Kolkata, Feb 10 (IANS) The Small Industries Development Bank of India (SIDBI), which finances the Micro, Small and Medium Enterprise (MSME) sector, Friday said it might clock an year-on-year credit ... Read more...

Posted in Business |

Man held for failing to repay loan to 1,000 lenders


February 6th, 2012 - 7:01 am ICT by IANS
Beijing, Feb 6 (IANS) The head of a Chinese firm that owns 36 schools and companies across the country has been detained after he failed to repay 2.2 billion yuan ... Read more...

Posted in Uncategorized |

Power situation to improve from June: Jayalalithaa


February 4th, 2012 - 10:59 pm ICT by IANS
Chennai, Feb 4 (IANS) Tamil Nadu Chief Minister J. Jayalalithaa Saturday said the power shortage in the state would start easing from June this year.Replying to the debate on the ... Read more...

Posted in Business |

52 Brazilians rescued from slave-like conditions


February 2nd, 2012 - 12:23 pm ICT by IANS
Rio de Janeiro, Feb 2 (IANS/EFE) Brazilian authorities Wednesday rescued 52 farm workers who were being held in slave-like conditions on three ranches in the Amazon state of Para, the ... Read more...

Posted in World |

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