NABARD registers 24.2 percent loan growth in Bengal (Lead)
April 4th, 2012 - 6:09 pm ICT by IANS
Kolkata, April 4 (IANS) The National Bank For Agriculture And Rural Development (NABARD) has loaned Rs.2,784.39 crore to financial institutions of West Bengal and the state government during the last ... Read more...
Posted in Business |
NABARD registers 24.2 percent loan growth in Bengal
April 4th, 2012 - 4:50 pm ICT by IANS
Kolkata, April 4 (IANS) The National Bank For Agriculture And Rural Development (NABARD) has loaned Rs.2,784.39 crore to financial institutions of West Bengal and the state government during the ... Read more...
Posted in Business |
GoM on Air India refers equity infusion to cabinet
October 28th, 2011 - 10:52 pm ICT by IANS
New Delhi, Oct 28 (IANS) A Group of Ministers (GoM) led by Finance Minister Pranab Mukherjee Friday asked the Reserve Bank of India (RBI) to vet the turnaround plan ... Read more...
Posted in Business |
GoM meet on Air India Friday
October 27th, 2011 - 10:02 pm ICT by IANS
New Delhi, Oct 27 (IANS) The group of ministers (GoM) led by Finance Minister Pranab Mukherjee looking into Air India's troubled financial situation will meet Friday, officials said.
The meeting ... Read more...
Posted in Uncategorized |
Air India restructure plan in three months: Ravi
August 12th, 2011 - 4:56 pm ICT by IANS
New Delhi, Aug 12 (IANS) The government Friday said it would take three months to finalise the financial restructuring plan of cash-strapped national carrier Air India."The exercise of finalising ... Read more...
Posted in Business |
Air India chief Jadhav being axed
August 12th, 2011 - 1:26 pm ICT by IANS
New Delhi, Aug 12 (IANS) The government has decided to sack Air India chairman and managing director Arvind Jadhav and name an interim replacement for the two posts till a ... Read more...
Posted in Uncategorized |
Air India employees to get June, July salary by Monday
August 5th, 2011 - 6:21 pm ICT by IANS
New Delhi, Aug 5 (IANS) A day after receiving approval from the government on fresh equity worth Rs.1,200 crore, the Air India management Friday said salaries due to the ... Read more...
Posted in Business |
Fuel, loan interest payment causes for Air India’s losses: Ravi
August 4th, 2011 - 12:45 am ICT by IANS
New Delhi, Aug 3 (IANS) Civil Aviation Minister Vayalar Ravi Wednesday blamed rising fuel prices, falling yields coupled with high interest rate and the very high employee-aircraft ratio as ... Read more...
Posted in Business |
PM assures parliament on Air India salaries (Second Lead)
August 3rd, 2011 - 3:38 pm ICT by IANS
New Delhi, Aug 3 (IANS) Prime Minister Manmohan Singh Wednesday admitted that national carrier Air India was facing "serious difficulties", but added that the government would find ways to ... Read more...
Posted in Politics |
Ministerial panel on Air India to meet next week: Ravi
July 18th, 2011 - 6:15 pm ICT by IANS
New Delhi, July 18 (IANS) The group of ministers (GoM) looking into the issue of equity infusion and revival of national carrier Air India met here Monday and has ... Read more...
Posted in Business |
Government bound to revive Air India: Official
July 14th, 2011 - 6:31 pm ICT by IANS
New Delhi, July 14 (IANS) The government is committed to revive Air India, the cash-strapped national carrier, a senior civil aviation ministry official said Thursday."The government is committed to ... Read more...
Posted in Business |
Measures on to revive Air India: Government
July 1st, 2011 - 10:21 pm ICT by IANS
New Delhi, July 1 (IANS) The government Friday dismissed speculation surrounding the future of debt-ridden national carrier Air India, saying that short to medium term measures will help in ... Read more...
Posted in Business |
Am aware of Air India’s woes, solution soon: PM
June 30th, 2011 - 9:06 pm ICT by IANS
New Delhi, June 30 (IANS) Stating that he was aware of the woes of the state-run Air India, Prime Minister Manmohan Singh said he has asked the ministerial group ... Read more...
Posted in Business |
Allahabad Bank eyes business growth of 24 percent (Lead)
June 10th, 2011 - 5:22 pm ICT by IANS
Kolkata, June 10 (IANS) The state-run Allahabad Bank has targeted a business growth of 24 percent during the current 2011-12 financial year, a top bank official said here Friday.The ... Read more...
Posted in Business |
Air India to pay defaulted interest payment in a week
May 21st, 2011 - 8:10 pm ICT by IANS
New Delhi/Mumbai, May 21 (IANS) National carrier Air India Saturday said it will make within a week the defaulted interest payment on the Rs.200 crore working capital loan it took ... Read more...
Posted in Business |
Air India seeks long-term convertion of loans
May 20th, 2011 - 1:58 am ICT by IANS
New Delhi, May 20 (IANS) Debt-ridden national carrier Air India Thursday said that it has sent a proposal to the civil aviation ministry for its permission to convert its short ... Read more...
Posted in Business |
Air India seeks ministry nod to issue Rs.5,500 crore bonds
May 16th, 2011 - 8:49 pm ICT by IANS
New Delhi, May 16 (IANS) National carrier Air India Monday said that it has sent a proposal to the civil aviation ministry for permission to raise Rs.5,500 crore by issuing ... Read more...
Posted in Business |
Air India makes turnaround pitch to bankers
April 8th, 2011 - 8:03 pm ICT by IANS
Mumbai, April 8 (IANS) Beleagured flag carrier Air India made a strong pitch of its turaround plan before bankers here Friday as financial restructuring is at the ... Read more...
Posted in Business |
Loan subvention scheme extended to fishermen (Lead, superseding previous story)
March 11th, 2011 - 5:17 pm ICT by IANS
New Delhi, March 11 (IANS) Finance Minister Pranab Mukherjee Friday announced the extension of the existing subvention scheme for providing short term loans to fishermen at 7 percent interest, ... Read more...
Posted in Business |
Home loan subvention scheme extended to fishermen
March 11th, 2011 - 4:54 pm ICT by IANS
New Delhi, March 11 (IANS) Finance Minister Pranab Mukherjee Friday announced the extension of the existing subvention scheme for providing short term loans to fishermen at 7 percent interest ... Read more...
Posted in Business |
IOC expecting Rs.11,000 crore government subsidy
February 17th, 2011 - 11:41 pm ICT by IANS
Kolkata, Feb 17 (IANS) Indian Oil Corporation Ltd (IOC) is expecting a government subsidy of Rs.11,000 crore to lower its debt burden which might touch Rs.60,000 crore at the end of the ... Read more...
Posted in Business |
India to set up $10-bn infrastructure debt fund
July 31st, 2010 - 12:36 am ICT by IANS
Bangalore, July 30 (IANS) India plans to set up a $10-billion infrastructure debt fund for long-term financing infrastructure projects across the country, Planning Commission deputy chairman Montek Singh Ahluwalia said late Friday. ... Read more...
Posted in Business |
Flood situation improves in Haryana’s Sirsa, grim in Mansa in Punjab (Roundup)
July 15th, 2010 - 9:22 pm ICT by IANS
Chandigarh, July 15 (IANS) Rescue work was on in flood-affected areas of Sirsa district in Haryana Thursday where the flood waters have begun to recede, while the situation remained grim in Punjab's ... Read more...
Posted in Uncategorized |
Several villages cut off in Punjab’s Mansa district
July 13th, 2010 - 11:46 pm ICT by IANS
Chandigarh, July 13 (IANS) Several villages were marooned in Punjab's Mansa district Tuesday as the Ghaggar river overflowed its banks, officials said.
"The flood situation in Sardulgarh area of Mansa district ... Read more...
Posted in Environment |
Orange County, CA resident sentenced to over 10 years for his part in $61 million Ponzi scheme
May 14th, 2010 - 1:27 am ICT by BNO News
SANTA ANA, CALIFORNIA (BNO NEWS) – An Orange County, California resident on Wednesday was sentenced to over 10 years in federal prison for participating in a Ponzi investment scheme with an Orange ... Read more...
Posted in World News |
Punjab to refund money charged on revised power rates
March 28th, 2010 - 1:52 am ICT by IANS
Chandigarh, March 28 (IANS) Punjab cabinet Saturday approved the refund of arrears charged on revised power tariff for the year 2009-10, officials said here.
"These arrears would be adjusted in the ... Read more...
Posted in Business |
Parkway stake makes Fortis largest Asian hospital chain
March 12th, 2010 - 5:12 pm ICT by IANS
New Delhi, March 12 (IANS) Fortis Healthcare founded by brothers Malvinder and Shivinder Mohan Singh has become the largest hospital chain in Asia after buying 24-percent stake in Singapore's Parkway Holdings for ... Read more...
Posted in Business |
Madhya Pradesh cuts rates on loans to farmers
February 25th, 2010 - 7:32 pm ICT by IANS
Bhopal, Feb 25 (IANS) The Madhya Pradesh government Thursday announced reduction of interest rates on short term loans to farmers from the existing five to three percent and a rural road-building programme ... Read more...
Posted in Business |
Schwarzenegger inks budget, ends California cash crisis
July 29th, 2009 - 7:55 am ICT by IANS
Sacramento, July 29 (DPA) California Governor Arnold Schwarzenegger signed off on the state's $84.6-billion budget Tuesday, ending a months-long cash crisis that forced the most populous US state to issue vendors ... Read more...
Posted in Business |
China’s forex reserves top $2.13 trillion in June
July 15th, 2009 - 1:32 pm ICT by IANS
Beijing, July 15 (Xinhua) China's foreign exchange reserves topped $2.13 trillion by the end of June, up 17.84 percent year-on-year, the People's Bank of China said Wednesday.
About $185.6 billion were added to ... Read more...
Posted in Business |
Punjab National Bank rules out further cut in interest rates
March 27th, 2009 - 4:08 pm ICT by IANS
New Delhi, March 27 (IANS) The state-owned Punjab National Bank (PNB) feels it would be difficult to lower lending rates any further if the government did not slash interest rates on existing ... Read more...
Posted in Business |
British government unveils new economic aid package
January 15th, 2009 - 2:24 am ICT by IANS
London, Jan 15 (DPA) The British government announced a new aid package Wednesday to unlock the credit squeeze by offering loan guarantees to small and medium-sized businesses.The measures, worth 20 billion pounds ... Read more...
Posted in Business |
Tata owned Jaguar to receive emergency British aid to protect jobs
December 20th, 2008 - 3:25 pm ICT by ANI
London, Dec 20 (ANI): The British Government has said that Jaguar Land Rover could receive emergency state aid within days to protect tens of thousands of jobs at the luxury car-maker, ... Read more...
Posted in Business |
Pakistan plans to unfreeze stock market by Oct 27
October 11th, 2008 - 12:16 am ICT by IANS
Karachi, Oct 10 (DPA) Pakistan's main Karachi bourse Friday reluctantly decided to unfreeze itself by Oct 27 only if the government fixes a cap on interest rates on loans taken by top ... Read more...
Posted in South Asia |
Britain launches 500-bn pound bailout package (Lead)
October 8th, 2008 - 8:14 pm ICT by IANS
London, Oct 8 (IANS) British Prime Minister Gordon Brown Wednesday announced an unprecedented 500-billion pound bailout package as central banks around the developed world cut interest rates in a coordinated move aimed ... Read more...
Posted in World |