New Delhi: Beleaguered air-carrier Kingfisher Airlines on Friday welcomed the Budget proposal to allow aviation companies to raise capital through external borrowings worth $1 billion during the next fiscal. "External Commercial Borrowings for working capital are very welcome. Interest rates and hedging costs will be much less than Indian rupee denominated costs," Kingfisher Airlines Chairman Vijay Mallya said. Introducing the 2012-13 Budget, Finance Minister Pranab Mukherjee acknowledged that the airline...
01:17 AM, Mar 17, 2012
Developers in the realty sector, which is facing severe credit crunch due to higher interest rates, expect the government to relax norms for repatriation of FDI and external commercial borrowings (ECBs) in the forthcoming Budget for 2012-13. The industry expects the Budget, to be announced on March 16, to relax norms for FDI and ECBs, especially for township projects that will give developers source funds at a much reasonable cost....
02:47 PM, Mar 05, 2012
Strasbourg: Europe is an a "very grave" economic situation, European Central Bank President Mario Draghi said on Monday, but he added that euro zone governments are progressing well with efforts to put their finances in order. Speaking in his capacity as head of Europe's recently created financial system super-watchdog, Draghi added that markets had to a large extent anticipated Standard and Poor's downgrade of a slew of euro zone countries...
09:39 AM, Jan 17, 2012
Paris: Greek police clashed with anti-austerity protesters and Italy announced sweeping reforms in response to a European debt crisis that on Thursday pushed borrowing costs for France and Spain sharply higher. More than 30,000 Greeks took to the streets of Athens in a protest rally that marked the first public test for a new national unity government that must impose painful spending cuts and tax rises if the country is...
01:48 AM, Nov 18, 2011
Frankfurt: The European Central Bank cut interest rates by a quarter point to 1.25 per cent in a surprise move on Thursday, acting boldly to support the ailing euro zone economy at President Mario Draghi's first policy meeting in charge. The move gave an immediate boost to stock markets, which will be looking for any signal at Draghi's first post-policy meeting news conference on whether the ECB is ready to...
06:49 PM, Nov 03, 2011
![ECB confirms Test series will go on]( "ECB confirms Test series will go on")
ECB assured BCCI to return to India and play the two-match Test series starting on Dec 11. ...
11:45 PM, Nov 27, 2008
Central banks around the world cut interest rates on Wednesday. ...
12:51 AM, Oct 09, 2008
Michael Vaughan would be relieved to get a central contract yet again. ...
02:47 AM, Sep 11, 2008
England are in danger of not being a part of the Champions League Twenty20. ...
01:44 PM, Jun 24, 2008
Perth: It's hard to tell when Mahendra Singh Dhoni is joking. There are times when his jokes are filled with seriousness - if you read between the lines. On Monday afternoon, Ishant Sharma joined Virat Kohli as the second Indian cricketer to flip the middle finger to hecklers on the ongoing tour of Australia, but Dhoni downplayed the incident joking about it. It is understood that Ishant was reacting to...
04:10 PM, Apr 09, 2008
The Australian umpire is on the England and Wales Cricket Board's reserve list. ...
03:39 PM, Aug 27, 2006
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