Borrowing

  • NTPC invites bids for 1,320MW Khargone project June 8, 2014

    Country's largest power producer NTPC has invited bids for construction of the 1,320MW Khargone thermal project, estimated to cost Rs 7,000 crore. Bids have been sought for EPC (Engineering Procurement and Construction) package for the Khargone super thermal power plant coming up in Madhya Pradesh. The plant would have two units, each...
  • Govt will liberalise FDI policy to raise more funds: Chidambaram July 31, 2013

    New Delhi: Faced with sliding rupee, Finance Minister P Chidambaram on Wednesday said that the government will further liberalise the FDI policy and encourage the public sector undertakings to raise funds from overseas markets. Addressing media on completion of one year as Finance Minister, he exuded confidence that economy would...
  • SEBI to ease regulations for securities borrowing, lending May 30, 2013

    Mumbai: The Securities and Exchange Board of India (SEBI) said on Thursday it would increase the number of stocks that are allowed to be used for borrowing and lending, thus relaxing shortselling rules. SEBI said it would allow stocks that meet several criteria, including average monthly turnover of at least RS...
  • LK Advani accused of taking money from Yeddyurappa April 23, 2013

    Bangalore: BJP leader LK Advani had taken money from erstwhile Karnataka chief minister BS Yeddyurappa to allow him to remain in office after corruption scandals involving him surfaced, Yeddyurappa's Karnataka Janata Party (KJP) alleged on Monday. The BJP rubbished the allegations. "I have documents and will release them at the appropriate...
  • SBI to raise $500$600 million in offshore borrowing April 17, 2013

    Mumbai: State Bank of India plans to raise $500$600 million worth of offshore external commercial borrowings in three to four months time, a senior executive said on Tuesday. India's largest lender priced a fiveyear, $1 billion bond issue with a coupon of 3.25 per cent last week, generating interest of more...
  • Finance Ministry moves Cabinet note for setting up of DMO March 23, 2013

    New Delhi: Finance Minister P Chidambaram on Friday said the ministry has moved the Cabinet note for setting up of a Debt Management Office (DMO), which will handle the government's borrowing programme. "The Paper (for setting up of DMO) has gone to Cabinet," he told reporters in New Delhi. At present,...
  • Government may borrow less in 2013/14: Sources February 12, 2013

    Mumbai: The government is likely to borrow less in the new financial year that begins on April 1 than in 2012/13 because of its surplus cash balance, two government sources told Reuters on Monday. Lower government borrowing could help bolster India's growth prospects by reducing borrowing costs for private investors and...
  • EMIs to come down, banks will cut lending rates January 29, 2013

    Mumbai: Borrowers can now look forward to their Equated monthly Instalment (EMIs) coming down soon as leading bankers on Tuesday said they will pass on the benefit of the Reserve Bank of India reducing its shortterm lending rate and cash reserve ratio to customers. Bankers, however, did not say by...
  • Investment mantra for 2013: Accumulate, but don't get too greedy January 31, 2013

    Stock markets have years that are horrible and years that are cheerful. For example, 2007 was cheerful, while 2008 was horrible. A rarity is a year that approaches the investor with the look of the Grim Reaper but turns out to be Santa Claus; 2012 was such a year. From...
  • RBI eases foreign borrowing limit for infra companies January 8, 2013

    Mumbai: The Reserve Bank of India (RBI) said on Monday it has relaxed overseas borrowing limits for infrastructure finance companies, a move that will enable companies in the investmenthungry sector to raise funds more easily. The RBI said infrastructure finance companies will no longer need to seek approval for raising funds...
  • Govt to borrow Rs 2 lakh crore in next six month September 27, 2012

    New Delhi: Having already completed about 65 per cent of its market borrowing programme for 201213, the government on Thursday said it will raise only Rs 2 lakh crore in the second half of the fiscal to ensure adequate availability of cash for the private sector. "The government will borrow...
  • No change in govt borrowing plan as of now: RBI September 23, 2012

    Mumbai: Reserve Bank deputy governor HR Khan on Saturday said there has not been any change in the government borrowing programme for this fiscal as of now. "As of now, we are going as per the budgeted amount (of borrowing)," Khan told reporters on the sidelines of a conference. Earlier this...
  • Govt cuts tax on foreign borrowings by Indian firms September 21, 2012

    New Delhi: Finance Minister P Chidambaram on Friday announced that the Centre had cut tax on external commercial borrowings (ECB) by Indian companies to five per cent from 20 per cent. The reduction in tax will encourage Indian companies to raise funds from overseas markets. The withholding tax liabilities on Indian...
  • Economy booster: ECB limit hiked by $10 billion June 25, 2012

    New Delhi: In a bid to check rupee's free falling against the US dollar, the Reserve Bank of India (RBI) on Monday hiked the limit of external commercial debt by $10 billion. Moreover, the regulator also increased the limit of overseas investment in government bonds by $5 billion to $20...
  • Ebook library borrowing takes slow pace: Study June 24, 2012

    New York: Ebook readers have been relatively slow to borrow digital works from the library, frustrated by a limited selection and by not even knowing whether their local branch offers ereleases, according to a new study. The Pew Research Center published a survey Friday that reports around 12 percent of ebook...
  • SBI plans up to $2 bn offshore borrowing June 17, 2012

    Mumbai: State Bank of India, the country's biggest lender, plans to borrow $1 billion to $2 billion from the overseas market in the next three months, Chairman Pratip Chaudhuri told reporters on the sidelines of a banking event. SBI doubled its overseas borrowing programme to $10 billion last year but poor...
  • AI to raise $ 1 bn working capital from overseas markets April 15, 2012

    Mumbai: Two days after the government okayed a turnaround plan, the cashstrapped national carrier Air India invited merchant bankers to raise working capital loans up to USD 1 billion from overseas markets. The move follows the government allowing AI to borrow up to USD 1 billion annually through the external commercial...
  • India's external debt rises to $335 billion March 31, 2012

    New Delhi: India's external debt rose to $334.9 billion at Decemberend 2011, an increase of 9.4 per cent in the first nine months of the current financial year, owing largely to higher commercial borrowings and shortterm trade credit, the finance ministry said on Friday. Data released by the department of economic...
  • Govt to borrow Rs 3.7 trillion in AprilSeptember March 28, 2012

    New Delhi: The union government plans to raise 3.7 trillion rupees through bond sales during AprilSeptember, in line with market expectations, but dealers expect yields to rise on back of heavy weekly supplies. The amount comprises 65 per cent of the government's gross borrowing target of 5.7 trillion rupees for 2012/13,...
  • Close look at borrowing must: exFin Secy March 9, 2012

    When Finance Minister Pranab Mukherjee presents the Union Budget 2012 on March 16, experts will be keenly hearing his comments on fiscal deficit. India's fiscal deficit is a cause for worry now. It is expected to exceed the targeted 4.6% of GDP. Former finance secretary S Narayan says, fiscal deficit...
  • Now Showing: Catch the latest movie reviews May 28, 2011

    This week on 'Now Showing', Rajeev Masand reviews of 'Kung Fu Panda', 'Hangover II' and 'Something Borrowed'. ...
  • Masand: 'Something Borrowed' is dumb June 3, 2011

    Cast: Kate Hudson, Ginnifer Goodwin, Colin Egglesfield, John Krasinski Director: Luke Greenfield 'Something Borrowed' starring Kate Hudson and Ginnifer Goodwin is a romantic comedy that's more stupid than most romantic comedies tend to be. Goodwin stars as Rachel, a plainJane corporate lawyer who fell for her lawschool buddy Dex (Colin Egglesfield) while...
  • NGO complains against Pati Patni Aur Woh September 25, 2009

    New Delhi: A Delhibased NGO on Thursday complained to Minister of State for Women and Child Development (WCD) Krishna Tirath against the upcoming reality show Pati Patni Aur Woh citing health hazards to newborns and toddlers who feature in it. The written complaint was made by the Uday Foundation for...
  • Where the Rupee comes from, and goes February 16, 2009

    New Delhi: The major part of the Government's revenue comes from borrowings. Consequently, the biggest chunk of expenditure is on interest payments. Out of every rupee that enters the Government's coffers, 29 paise is from borrowings and other debt, with corporation tax contributing 22 paise and income tax another 12 paise. Of...
  • Banks cut home loan rates, old borrowers feel pinch December 17, 2008

    New Delhi: As public sector banks cut home loan rates significantly for new borrowers, it's the old borrowers that are feeling the pinch. The high EMIs continue and transfer of loans to cheaper rates looks tough. 8.5 per cent interest on loans below Rs 5 lakh and 9.25 per cent interest...
  • Chidambaram assures Indian Inc on ECB curbs March 5, 2008

    New Delhi: The pressure from the Commerce Ministry seems to be working. At an interaction with industry association FICCI, Finance Minister P Chidambaram has finally accepted that more relief needs to be doled out to exporters including revisiting External Commercial Borrowings (ECB) curbs. After a pleaseall budget, the worry of inflation...
  • Flaunt expensive bags the cheap way! September 12, 2006

    New York: The flashy accessories that accompany top designs on fashion runways are well beyond the budgets of many a fashionista, but even the most cashstrapped consumer has one way to copy the looks rent it. Companies such as Bag Borrow or Steal and From Bags to Riches are mining...