Search Results for: Corporate Banking

Budget 2012-2013: FRBM Act to be Amended

While presenting the Union Budget 2012-13 in the Parliament Friday, Union Finance Minister Pranab Mukherjee announced the introduction of amendments to the Fiscal Responsibility and Budget Management Act, 2003.

Mar 16, 2012

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Union Budget 2012-13: Highlights

Finance Minister Pranab Mukherjee Friday presented the budget for 2012-13 in the Parliament. Here are the highlights of the budget.

Mar 16, 2012

Indian Economic Survey 2012-13: Summary

Indian economy is estimated to grow by 6.9% in 2011-12 mainly due to weakening industrial growth. This indicates a slowdown compared not just to the previous two years, when the economy grew by 8.4%, but also from 2003 to 2011, except 2008-9 economic downturn, when the growth rate was 6.7 percent.

Mar 15, 2012

Economic Survey 2011-12 Projects 5 Percent Industrial Growth in Current Financial Year

The Economic Survey 2011-12, tabled in the Lok Sabha Thursday by Finance Minister Pranab Mukherjee, has projected the industrial-sector growth during the current financial year to be between 4 to 5%.

Mar 15, 2012

Volatility in Global Financial Markets Likely to Tighten Availability and Cost of Foreign Funding

Given the weak global economic prospects and continuing uncertainties in the international financial markets, the availability and cost of foreign funding for banks and corporate is likely to be negatively impacted, said Indian Finance Minister, Pranab Mukherjee in Lok Sabha Thursday.

Mar 15, 2012

Indian Stocks End Higher, Banking Shares Surge

Indian stock markets ended higher for the fourth day Wednesday, led by gains from banking and Capital Goods sector stocks.

Mar 14, 2012

Census 2011 Highlights: India Has More Cell Phones Than Toilets

In a surprising fact about India, the Census 2011 survey has revealed that more than half of the Indian population does not have a lavatory while more people own mobile phone or telephone.

Mar 14, 2012

DGCA Says Kingfisher Airlines Unsafe to Fly, Should Shut Down

The Directorate General of Civil Aviation (DGCA), the regulatory body for the aviation industry, has said that cash-strapped Kingfisher Airlines is unsafe to fly and should be wound up.

Jan 5, 2012

Aakash Tablet Defies Slow Economic Growth

India's economic growth may be slow but the demand for Aakash tablet, the world's cheapest tablet produced by DataWind, is incredible. The bookings of the tablet, which costs only Rs.2500, have touched 14 lakhs in just two weeks after it was put up for sale online.

Jan 3, 2012