term debt

Federal Reserve to pump more liquidity into US economy


September 14th, 2012 - 1:31 pm ICT by IANS
Washington, Sep 14 (IANS/EFE) The US Federal Reserve Thursday announced further steps to stimulate a struggling economy and pledged to keep short-term interest rates at near zero until 2015.At the ... Read more...

Posted in Business |

Moody’s changes EU rating outlook to negative


September 4th, 2012 - 1:39 pm ICT by IANS
New York, Sep 4 (IANS) Rating agency Moody's Investors Service has changed its outlook on the European Union's long-term debt ratings to negative from stable, sending a warning signal on ... Read more...

Posted in Business |

Suzlon Group to sell China subsidiary for $60 mn


June 23rd, 2012 - 10:24 pm ICT by IANS
New Delhi, June 23 (IANS) Wind turbine maker Suzlon Saturday said it will sell stake in its China manufacturing subsidiary to China Power New Energy (CPNE) Development Company for $60 ... Read more...

Posted in Business |

SBI plans $1 bn debt bond issue


May 28th, 2012 - 11:24 pm ICT by IANS
Bangalore, May 28 (IANS) India's largest state-run bank, State Bank of India (SBI), plans to float a $1-billion (Rs.5,500 crore) debt bond issue by August to raise funds from ... Read more...

Posted in Business |

Fitch downgrades JPMorgan Chase after huge loss


May 12th, 2012 - 3:29 pm ICT by IANS
New York, May 12 (IANS) Fitch Ratings downgraded JPMorgan Chase's long term debt rating to A+ from AA- after the bank revealed a stunning trading loss.The rating firm also placed ... Read more...

Posted in Uncategorized |

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 |

Moody’s may downgrade India’s three top private lenders


April 30th, 2012 - 3:23 pm ICT by IANS
Mumbai, April 30 (IANS) Global ratings agency Moody's Investors Service said Monday it has placed on review India's three top private sector lenders ICICI Bank, HDFC Bank and Axis ... Read more...

Posted in Business |

What do ratings, outlook downgrades mean?


April 25th, 2012 - 7:52 pm ICT by IANS
New Delhi, April 25 (IANS) Ratings agency Standard & Poor's Wednesday cut its outlook on India to "negative" from "stable". What does it mean?Outlook indicates potential direction of ratings in ... Read more...

Posted in Business |

Rs.18,000-crore Air India restructuring plan approved


April 3rd, 2012 - 7:17 pm ICT by IANS
Mumbai, April 3 (IANS) The long-awaited Rs.18,000 crore financial restructuring plan for cash-strapped Air India has finally been approved by a consortium of 19 banks led by State Bank ... Read more...

Posted in Business |

India’s external debt rises to $335 billion


March 30th, 2012 - 6:50 pm ICT by IANS
New Delhi, March 30 (IANS) India's external debt rose to $334.9 billion at December-end 2011, an increase of 9.4 percent in the first nine months of the current financial year, ... Read more...

Posted in Business |

SKS Microfinance trims loan book by another Rs.354 crore


February 27th, 2012 - 11:20 pm ICT by IANS
Hyderabad, Feb 27 (IANS) SKS Microfinance Limited, India's only listed microfinance institution (MFI), has sold another Rs.354 crore off its loan book to a leading public sector bank, paving the ... Read more...

Posted in Business |

Contest Telenor’s demand for compensation: Unitech


February 16th, 2012 - 10:36 pm ICT by IANS
New Delhi, Feb 16 (IANS) A day after Oslo-based Telenor said it will seek indemnity and compensation following the cancellation of Uninor's 22 licenses by the Supreme Court, Unitech vowed ... Read more...

Posted in Sci-Tech |

India’s fiscal deficit projected to fall


January 24th, 2012 - 10:01 pm ICT by IANS
Washington, Jan 24 (IANS) In India, the cyclically adjusted deficit is projected to fall by about 0.50 percent of GDP this year, according to the International Monetary Fund (IMF).However, the ... Read more...

Posted in Business |

Spain pays sharply lower yield on 10-year bonds


January 20th, 2012 - 12:09 pm ICT by IANS
Madrid, Jan 20 (IANS/EFE) Spain's Treasury sold benchmark 10-year bonds Thursday at a significantly lower yield compared to the previous auction, a sign of investor confidence in the country's struggling ... Read more...

Posted in Business |

India’s external debt rises to $326.6 bn


December 30th, 2011 - 7:27 pm ICT by IANS
New Delhi, Dec 30 (IANS) India's external debt climbed 6.6 percent to $326.6 billion by September-end from $306 billion at the beginning of the current financial year on account of ... Read more...

Posted in Business |

S&P; cuts Spain’s debt rating


October 14th, 2011 - 3:36 pm ICT by IANS
New York, Oct 14 (IANS) Standard & Poor's have cut Spain's long-term debt rating from AA to AA-, with a negative outlook.The ratings agency said in a statement Thursday that ... Read more...

Posted in Business |

Unitech moves company law board against Telenor


October 11th, 2011 - 8:41 pm ICT by IANS
New Delhi, Oct 11 (IANS) Unitech, the Indian partner of mobile services firm Telenor, Tuesday said it has filed a petition before the Company Law Board (CLB) to restrain ... Read more...

Posted in Sci-Tech |

Italian prime minister slams country’s downgrading


September 20th, 2011 - 4:27 pm ICT by IANS
Rome, Sep 20 (IANS) Italian Prime Minister Silvio Berlusconi Tuesday criticised Standard & Poor's downgrading of the country's credit rating and defended the measures contained in an emergency budget ... Read more...

Posted in World |

India’s external debt rises to $305.9 bn


September 9th, 2011 - 9:30 pm ICT by IANS
New Delhi, Sep 9 (IANS) India's external debt rose to $305.9 billion by end-March 2011, registering a gain of $44.9 billion or 17.2 percent during the 2010-11 fiscal due to ... Read more...

Posted in Business |

For first time, US loses AAA credit rating


August 6th, 2011 - 9:45 am ICT by IANS
Washington, Aug 6 (IANS) For the first time in history, credit rating agency Standard & Poor's has downgraded America's top notch credit rating, stripping the world's largest economy of its ... Read more...

Posted in Business |

US stocks extend losses as relief over debt deal faded


August 2nd, 2011 - 4:33 am ICT by IANS
New York, Aug 2 (IANS) US stocks ended lower after a short-lived rally Monday, with the Dow extending losses to the seventh straight session, as relief over a debt ... Read more...

Posted in Business |

India to set up debt fund to finance infrastructure


June 24th, 2011 - 3:45 pm ICT by IANS
New Delhi, June 24 (IANS) India will soon set up a debt fund to facilitate financing of long-term infrastructure projects. The government said Friday it has finalised the broad ... Read more...

Posted in Business |

Reliance draws second tranche of loan


May 12th, 2011 - 2:52 pm ICT by IANS
Mumbai, May 12 (IANS) Leading mobile service provider Reliance Communications, part of the Anil Dhirubhai Ambani Group (ADAG), Thursday said it had drawn the second tranche out of a $1.93 ... Read more...

Posted in Business |

Obama announces long-term debt reduction plan


April 14th, 2011 - 5:08 am ICT by IANS
Washington, April 14 (IANS) The US President Barack Obama Wednesday announced its long-term debt plan, setting a goal to cut $4 trillion deficit over the next 12 years.Delivering a ... Read more...

Posted in Business |

India’s external debt soars to $296 billion


December 31st, 2010 - 7:04 pm ICT by IANS
New Delhi, Dec 31 (IANS) India's external debt rose to $295.8 billion by Sep 30, 2010, an increase of $33.5 billion during the first six months of current fiscal, on increased short-term ... Read more...

Posted in Business |

India’s external debt rises to $273.1 billion


October 13th, 2010 - 7:58 pm ICT by IANS
Mumbai, Oct 13 (IANS) India's external debt rose 4.1 percent or $10.8 billion to $273.1 billion in the first quarter of current fiscal due to a sharp increase in short-term trade credits, ... Read more...

Posted in Business |

Liverpool take over battle gets murkier with arrival of mystery bidder


October 6th, 2010 - 5:44 pm ICT by ANI
London, Oct 6 (ANI): The Liverpool takeover battle has got murkier with reports of a mystery bidder close to buying '99 per cent' stakes.Liverpool chiefs Tom Hicks and George Gillett on ... Read more...

Posted in Sports |

Nortel may now sell off its patents


February 12th, 2010 - 10:18 am ICT by IANS
Toronto, Feb 12 (IANS) Nortel, under liquidation to pay off its debtors, Thursday hinted at selling its huge inventory of 4,000 patents related to cutting-edge, next-generation wire technology. The 125-year-old Canadian icon, ... Read more...

Posted in Sci-Tech |

L&T Finance to raise Rs.400-500 crore by March


February 11th, 2010 - 5:47 pm ICT by IANS
Kolkata, Feb 11 (IANS) Engineering major Larsen & Toubro's financial services arm, L&T Finance Ltd, would raise another Rs.400-500 crore through debt after its current Rs.500 crore fund raising through an issue ... Read more...

Posted in Business |

Orchid Chemicals to pay off debt by selling business


December 16th, 2009 - 5:19 pm ICT by IANS
Chennai, Dec 16 (IANS) City-based Cephalosporin bulk drug major, Orchid Chemicals and Pharmaceuticals Limited, will utilise $400 million received from selling its generic injectible business to pay off debt, expand its plants ... Read more...

Posted in Business |

Murugappa group plans to double turnover in 5 years


October 1st, 2009 - 5:04 pm ICT by IANS
By Venkatachari Jagannathan Chennai, Oct 1 (IANS) The Rs.15,600-crore diversified Murugappa group is planning major business expansion including acquisitions to more than double its turnover in five years, a top company official says.According ... Read more...

Posted in Business |

Land acquisition challenge for road projects: Kamal Nath


July 14th, 2009 - 8:26 pm ICT by IANS
New Delhi, July 14 (IANS) Acquisition of land remains the biggest challenge in road projects development, Road Transport and Highways Minister Kamal Nath said here Tuesday. "When I look at the challenges ... Read more...

Posted in Business |

India’s external debt rose to $230.85 bn


March 31st, 2009 - 10:30 pm ICT by IANS
New Delhi, March 31 (IANS) India's total external debt rose to $230.85 billion at the end of December from $224.65 billion at September-end, the finance ministry said Tuesday. "The total external debt marginally ... Read more...

Posted in Business |

RCom’s financial schemes assigned highest ratings


February 25th, 2009 - 10:28 pm ICT by IANS
New Delhi, Feb 25 (IANS) Reliance Communications (RCom), an Anil Ambani-owned company, has been assigned the highest quality rating of a leading credit rating agency for its Rs.30-billion non-convertible debenture (NCD) programme ... Read more...

Posted in Uncategorized |

Vedanta H1 profits fall by 24.7 percent


November 6th, 2008 - 11:11 pm ICT by IANS
London, Nov 6 (IANS) Mining giant Vedanta Resources announced cuts in planned spending after posting a 24.7 percent first-half drop in profits Thursday.The India-focused company said profits for the period ended Sep ... Read more...

Posted in Business |

« Previous Entries

Subscribe