Foreign investment norms for stock, debt market relaxed further

Last Updated: Tuesday, May 29, 2012, 16:18

In order to attract foreign funds, the Government on Tuesday allowed individual overseas investors also called Qualified Foreign Investors (QFIs) to invest up to USD 1 billion in debts and corporate bond market.

US airlines sue Eximbank for giving loan guarantee to Air India

Last Updated: Monday, February 20, 2012, 13:17

The US airline industry has sued the Export Import Bank (Exim) alleging that its financial support to Indian national carrier Air India, which itself is in deep red, will harm the American airlines.

Govt working on a policy package to help ailing airlines

Last Updated: Sunday, February 19, 2012, 14:23

With Air India and Kingfisher going through their worst crises,the government is working on a policy package to help the entire cash-strapped industry come out of the financial rut, official sources said Sunday.

Govt owes Rs 110 crore to Air India for VVIP flights

Last Updated: Sunday, January 15, 2012, 14:51

The national carrier, which is facing financial crunch, has pending bills of 12 special flights for the President, the Vice-President and the Prime Minister which amount to over Rs 110 crore.

RBI okays Air India's debt restructuring plan

Last Updated: Saturday, January 7, 2012, 21:13

The Reserve Bank has approved debt-ridden national carrier Air India's financial restructuring plan, which would enable banks to amortise their provisional losses over 29 quarters, a senior Air India official said here on Saturday.

Crunch time for firms as debts come due

Last Updated: Sunday, December 18, 2011, 13:40

With the country's economic growth buckling and the rupee at an all-time low, Indian companies are expected to struggle to meet debt obligations in the coming months.

DRL raises Rs 1,077 cr debt in Q3

Last Updated: Thursday, December 15, 2011, 21:53

Pharma company Dr Reddy's Laboratories has raised Rs 1,077 crore debt in the current quarter to meet working capital requirements and also refinancing old loans.

China faces Europe risk, soft landing possible: World Bank

Last Updated: Tuesday, November 22, 2011, 09:01

China's economy faces growing risks from Europe's sovereign debt crisis and worries about regional Chinese governments' debts, but it could engineer a soft landing by using the scope for monetary policy easing, the World Bank said on Tuesday.

Greek PM wins confidence vote, pledges transition

Last Updated: Saturday, November 5, 2011, 13:15

Greek Prime Minister George Papandreou survived a confidence vote early Saturday.

Michaele Salahi owes half of jilted husband’s debts, courtesy their prenup

Last Updated: Monday, September 26, 2011, 17:53

Michaele Salahi’s husband has said that the prenuptial agreement signed by them has made the TV personality “lose any and all options in everything we own”.

Asian stocks rebound on Europe debt hopes

Last Updated: Thursday, September 15, 2011, 10:26

Asian stocks bounced on Thursday after tentative steps by euro zone policymakers to tackle a crippling debt crisis, but investors remained wary that obstacles the bloc's leaders face could weigh on the euro and Asian currencies in the medium term.

US business leaders to President Obama: 'Go big' on deficit cuts

Last Updated: Monday, September 12, 2011, 21:01

Business leaders and former US government officials urged President Barack Obama on Monday to "go big" with his recommendations to a congressional panel tasked with slashing America's debt.