HPCL plans to raise $250 mn in forex debt soon

Last Updated: Friday, September 11, 2015, 18:59

After raising USD 300 million recently, Hindustan Petroleum Corporation (HPCL) is set to raise USD 250 million (about Rs 1,663 crores) through external commercial borrowing (ECB) to fuel its capex plan, a senior company official has said.

Maruti to go ahead with LCV launch in current fiscal

Last Updated: Wednesday, September 2, 2015, 11:36

LCV sales are still under pressure in the domestic market even as the other segments in the commercial vehicle segment have started showing some level of growth.

A section of Air India pilots not to fly beyond prescribed duty hours

Last Updated: Monday, August 31, 2015, 19:08

State-run Air India is likely to face some fresh turbulence as one of its pilots' union, Indian Commercial pilots Association (ICPA), has decided not to fly beyond the prescribed duty hours in the interest of passengers "safety" and avoid "stress".

China removes 75% cap on loan-to-deposit ratio

Last Updated: Saturday, August 29, 2015, 20:23

Facing economic downturn, China today removed 75 percent loan-to-deposit ratio stipulation for its commercial banks to improve liquidity and imposed USD 2.5 trillion as ceiling for local governments to control the spiralling debt.

Bank credit decelerates to 8.6% in Apr-Jun quarter

Last Updated: Friday, August 28, 2015, 22:25

Scheduled commercial banks' credit growth slowed to 8.6 percent in quarter ended June against the 12.9 percent in the same period last year, the RBI data showed.

ECBs, NRI deposits push external debt to $476 bn

Last Updated: Friday, August 28, 2015, 19:34

India's total external debt rose by USD 29.5 billion, or 6.6 percent, to USD 475.8 billion at the end of March, mainly due to increase in external commercial borrowings and NRI deposits.

Tata Motors expects LCV revival in 6 months, launches new Ace

Last Updated: Thursday, August 27, 2015, 20:53

Country's largest commercial vehicles manufacturer Tata Motors on Thursday launched a new model of its successful small pick-up truck Ace and said it expects the LCV segment to pick up in six months from now.

Mahindra to invest Rs 700 cr to become full range CV player

Last Updated: Wednesday, August 26, 2015, 14:04

Home grown auto major Mahindra and Mahindra plans to invest Rs 700 crore in commercial vehicle (CV) vertical as it aims to become a full range player in the segment in the next two years.

HC extends stay on proceedings against Subrata Roy in IT case

Last Updated: Tuesday, August 18, 2015, 18:03

Delhi High Court Tuesday extended till November 27 the stay on trial court proceedings against Sahara chief Subrata Roy, now in Tihar Jail, in an income tax case for allegedly not filing returns for a group company for the assessment year 2013-14.

Tata Motors' global sales down 8.25% in July

Last Updated: Friday, August 14, 2015, 21:49

Tata Motors on Friday reported 8.25 percent decline in global sales, including that of Jaguar Land Rover, at 73,535 units in July.

Cabinet clears amendments to Arbitration Act

Last Updated: Wednesday, August 5, 2015, 22:39

Seeking to ensure faster settlement of commercial disputes, Cabinet Wednesday cleared a proposal to amend the Arbitration Act which sets a fixed timeline for arbitrators to resolve cases.

DLF seeks shareholders nod to raise up to Rs 7,500 crore

Last Updated: Tuesday, August 4, 2015, 19:43

Realty major DLF is seeking shareholders' approval to create charge, lien or pledge on its over 50 percent shares in three subsidiaries, which holds rental commercial assets, for raising up to Rs 7,500 crore.