The fall in Libor (London Interbank Offered Rate) helped two Indian companies Hindalco and JSW, which of late did the breaching of their loan agreements. Libor is the most widely accepted reference for short-term lending. [...]
US Dollar
The debt-struck Wockhardt is planning to sell two of its strong brands, Farex and Protinex. The firm has approached MNCs like Danone and Abbott laboratories for the sell-out, as informed by investment bankers. The lenders [...]
Finally, the aspiring partners, Bharti Airtel and MTN have been granted an exemption from declaring an open offer. These companies have got this grant from capital market regulatoe SEBI from making an open offer between [...]
After releasing the budget, Finance Minister Pranab Mukherjee, got criticized for not taking reforms into consideration. However, the Finance Minister believes that the reforms will be undertaken in a continuous manner. Mukherjee too felt the [...]
In a statement expressing his views on the petroleum price regime, Murli Deora, the Petroleum Minister said that the deregulation of fuel pricing is most probably to be done in a compassionate manner. On the [...]
Nandan Nilekani, the ex CEO of Infosys has got down to work at the Unique Identification Authority of India and has plans to move the work at a very quick pace. Explaining the significance of [...]
Passengers were finding themselves to be caught in a trouble due to the strike declared by the Private Airlines on 18th August but the decision to put this strike on hold by the Indian Airlines [...]
In view of “serious’situation of price rise, Centre said that numerous steps have been taken to deliver necessary items to the public with the help of public distribution system including permitting effortless import of sugar [...]
India is facing the rainfall deficit since June 1 and it has apparently further widened to around 29% by August 10 in the soybean region according to reports. Monsoon conditions are going worse day by [...]
