Air India to raise Rs.7,400 crore in three months
July 16th, 2012 - 5:52 pm ICT by IANS
New Delhi, July 16 (IANS) Cash-strapped national carrier Air India is expected to generate Rs.7,400 crore (over $1,640 million) by issuing government-backed non-convertible debentures (NCDs) within the next three months, ... Read more...
Posted in Business |
SBI lowers deposit rates by 0.25 percent
June 7th, 2012 - 5:57 pm ICT by IANS
Mumbai, June 7 (IANS) The country's largest lender State Bank of India (SBI) Thursday announced lowering of interest rates by 0.25 percent on term deposits of select maturity period, ... Read more...
Posted in Business |
Reliance Industries raises $2 billion loan
May 9th, 2012 - 8:21 pm ICT by IANS
Mumbai, May 9 (IANS) Reliance Industries Ltd (RIL) Wednesday said it has signed deals with nine banks to raise $2 billion in loans to finance procurement of goods and services ... Read more...
Posted in Business |
Interest rates on small savings raised by up to 0.50 percent
March 26th, 2012 - 8:57 pm ICT by IANS
New Delhi, March 26 (IANS) The government Monday announced raising of interest rates on small savings such as National Savings Certificate (NSC), Public Provident Fund (PPF) and post office deposits ... Read more...
Posted in Business |
ADB loan to improve power distribution in India
February 27th, 2012 - 8:19 pm ICT by IANS
New Delhi, Feb 27 (IANS) The Asian Development Bank (ADB) Monday offered a $350 million loan to improve the power distribution system in Madhya Pradesh, Gujarat and Assam.The Manila-headquartered ADB ... Read more...
Posted in Business |
Bank of India raises interest rates on NRE term deposits
December 29th, 2011 - 6:15 pm ICT by IANS
Mumbai, Dec 29 (IANS) Public Sector Bank of India Thursday said it would raise interest rates on non-resident external (NRE) accounts up to 9 percent from the new year.On ... Read more...
Posted in Business |
Interest rates on provident fund, post office savings hiked
November 11th, 2011 - 11:43 pm ICT by IANS
New Delhi, Nov 11 (IANS) The government Friday hiked interest rates on deposits under the public provident fund (PPF) scheme to 8.6 percent from 8 percent and post office savings ... Read more...
Posted in Business |
GM cotton seeds a threat to Indian farmers: Researchers
June 27th, 2011 - 8:45 pm ICT by IANS
Dharwad (Karnataka), June 27 (IANS) Leading agricultural research institutions Monday warned that extensive use of genetically modified (GM) cotton seeds was destroying farming bio-diversity and jeopardising the livelihood of over ... Read more...
Posted in Business |
World Bank to give $120 mn to Bangladesh
May 22nd, 2011 - 9:05 pm ICT by IANS
Dhaka, May 22 (IANS) Bangladesh Sunday signed a $120 million credit agreement with the World Bank to facilitate investments to set up special economic zones in the country, Xinhua reported.Economic ... Read more...
Posted in Business |
Reliance Communications inks $1.9 bn loan deal with Chinese bank
March 9th, 2011 - 7:13 pm ICT by IANS
New Delhi, March 9 (IANS) Reliance Communications Wednesday said it has concluded all necessary formalities with the China Development Bank for a $1.93-billion loan facility to finance its third generation ... Read more...
Posted in Sci-Tech |
World Bank gives $45 million loan for improving highways
December 22nd, 2010 - 8:12 pm ICT by IANS
New Delhi, Dec 22 (IANS) The World Bank Wednesday extended to India $45 million technical assistance loan to help strengthen institutional capacity of its National Highways Authority (NHAI). The technical assistance loan ... Read more...
Posted in Business |
Union Bank raises interest rates
December 18th, 2010 - 6:35 pm ICT by IANS
Mumbai, Dec 18 (IANS) The government-run Union Bank of India will raise lending and deposit rates by up to 100 basis points effective Monday. "In view of the current micro-economic scenario and ... Read more...
Posted in Business |
Reliance Communication to get $1.93 bn from China Bank
December 15th, 2010 - 9:20 pm ICT by IANS
Mumbai, Dec 15 (IANS) Reliance Communication, part of the Anil Ambani Group, Wednesday signed an agreement with China Development Bank (CDB) for providing the India telecom major loans worth $1.93 billion. The ... Read more...
Posted in Business |
Union Bank raises base rate by 50 bps to 8.5 percent
October 15th, 2010 - 7:19 pm ICT by IANS
New Delhi, Oct 15 (IANS) Public sector lender Union Bank of India said Friday it will increase its base rate by 50 basis points (bps) to 8.5 percent and deposit rates by ... Read more...
Posted in Business |
PNB raises base rate by 50 bps, deposit rates by 25-50 bps
September 30th, 2010 - 4:59 pm ICT by IANS
Mumbai, Sep 30 (IANS) Punjab National Bank will raise base rate, the minimum rate of interest on loans, by 50 basis points to 8.50 percent and interest rates on term deposits by ... Read more...
Posted in Business |
SBI hikes deposit rates by 25-75 bps, keeps base rate steady
September 30th, 2010 - 4:08 pm ICT by IANS
Mumbai, Sep 30 (IANS) State Bank of India, the country's largest lender, will raise deposit rates by 25 to 75 basis points (bps) from Friday, but has kept the base rate, ... Read more...
Posted in Business |
SBI raises lending, deposit rates; loans to get costlier
August 16th, 2010 - 7:53 pm ICT by IANS
New Delhi, Aug 16 (IANS) State Bank of India said Monday it will raise benchmark prime lending rate by 50 basis points and deposit rates by 25 to 150 basis points ... Read more...
Posted in Business |
UCO Bank to slash lending rates next week
June 19th, 2009 - 9:35 pm ICT by IANS
Kolkata, June 19 (IANS) The city-based UCO Bank will cut its deposit and lending rates by 50 basis points soon, a top bank official said here Friday.
"We would cut both the deposit ... Read more...
Posted in Business |
Multi Commodity Exchange to start currency futures Tuesday
October 6th, 2008 - 5:03 pm ICT by IANS
Mumbai, Oct 6 (IANS) The Multi Commodity Exchange of India (MCX) will launch currency futures trading from Tuesday to become the third stock exchange in the country after the National Stock Exchange ... Read more...
Posted in Business |
Infrastructure companies can borrow more
September 22nd, 2008 - 11:43 pm ICT by IANS
Mumbai, Sep 22 (IANS) The finance ministry in consultation with the Reserve Bank of India (RBI) Monday permitted infrastructure companies to borrow more funds from overseas with immediate effect.According to the ministry, ... Read more...
Posted in Business |
Indian insurance sector to touch Rs.20 bn mark by 2010
August 15th, 2008 - 12:59 pm ICT by IANS
New Delhi, Aug 15 (IANS) India's insurance business will reach a level of Rs.20 billion in the next two years from the current level of Rs.500 billion, according to an industry lobby. ... Read more...
Posted in Business |
Bank of Rajasthan hikes rates on non-resident deposits
July 3rd, 2008 - 9:23 pm ICT by IANS
Mumbai, July 3 (IANS) A day after hiking its interest rate on term deposits, Bank of Rajasthan (BoR), Thursday announced a similar revision in its non-resident (external) rupee deposits (NRE), and foreign ... Read more...
Posted in Business |