Rowing

SBI to raise $500-$600 million in offshore borrowing

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 five-year, $1 billion bond issue with a coupon of 3.25 per cent last week, generating interest of more than four times the bond size, said Hemant Contractor, managing director of international business.

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Finance Ministry moves Cabinet note for setting up of DMO

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. ...  

Steve Redgrave pleased with Rio Olympic rowing course

Redgrave praised the rowing basin at Rio de Janeiro which is to be used in the Games three years from now. ...  

Which sport got richer by how much in Budget 2013-14

The government seems to have major hopes attached to archery, boxing and shooting - increasing their budget by almost 100 percent. ...  

Government may borrow less in 2013/14: Sources

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. ...  

Investment mantra for 2013: Accumulate, but don't get too greedy

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. ...  

RBI eases foreign borrowing limit for infra companies

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 investment-hungry sector to raise funds more easily. ...  

Govt to borrow Rs 2 lakh crore in next six month

New Delhi: Having already completed about 65 per cent of its market borrowing programme for 2012-13, 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 Rs 2 lakh crore in remaining period the current fiscal," Department of Economic Affairs Secretary Arvind Mayaram said after a...  

No change in govt borrowing plan as of now: RBI

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 week, Deputy Governor Subir Gokarn said, "the central bank has no formal communication about enhanced borrowing so far, so...  

Govt cuts tax on foreign borrowings by Indian firms

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 companies, too, have been reduced to five per cent. This will apply to all borrowings between July 2012 and...  

Finnish teen wins mobile phone throwing contest

Savonlinna: A Finnish teenager won a mobile phone throwing contest on Saturday by hurling his old Nokia phone 101.46 meters. The annual contest is one of many offbeat events such as wife-carrying that are held in the summer when normally reserved Finns like to celebrate the warmer weather with silliness and outdoor sport. Ere Karjalainen, who beat around 50 contestants, including some who had travelled from England and India, said...  

Lisa Carrington wins Olympic gold in K-1 200

Windsor: Lisa Carrington of New Zealand won gold in the inaugural women's 200-metre K-1 sprint at Dorney Lake on Saturday, denying Hungarian kayaker Natasa Douchev-Janics a fourth Olympic title. Carrington, the reigning world champion, came through late to win in 44.638 seconds. Inna Osypenko-Radomska of Ukraine won silver and Douchev-Janics took bronze. Douchev-Janics was also second in the 500-metre K-2 on Thursday with Katalin Kovacs. The London Games mark the...  

Josefa Idem 1st woman to compete in 8 Olympics

Windsor, England: Italian kayaker Josefa Idem became the first woman to compete in eight Olympic Games " and marked the occasion on Tuesday by upstaging a host of younger rivals to qualify for the flagship 500-meter K-1 final. The 47-year-old Idem, who first competed at the 1984 Los Angeles Olympics, when she competed for Germany, won the third semi-final to stay on course for a second Olympic gold " after...  

Olympics: Britain top rowing medals table

London: Britain doubled its gold-medal haul on the final day of the Olympic regatta with victories by the men's four and the lightweight women's double sculls Saturday, leaving the host nation atop the rowing medals table. The British finished with nine medals " four golds, two silvers and three bronzes " to surpass its record total of eight from the 1908 Olympics, which was also held in London. Britain's flagship...  

Olympics: Knapkova wins gold in single sculls

London: Miroslava Knapkova of the Czech Republic powered to gold with a dominant victory in the women's single sculls at the Olympic rowing regatta on Saturday, adding to the world title she won last year. Knapkova outclassed her rivals to win by two lengths in a time of 7 minutes, 54.37 seconds. Fie Udby Erichsen of Denmark took a surprise silver and Kim Crow of Australia won the bronze. It...  

Sandeep-Manjeet duo finishes 19th in sculls

London: India's campaign in the rowing event of the London Olympics came to a dismal end with the duo of Sandeep Kumar and Manjeet Singh finishing second last in the Men's Double sculls event at the Eton Dorney Rowing centre here on Saturday. They avoided getting the wooden spoon by defeating the Egyptian team of Mohamed Nofel and Omar Emira with a timing of 7:08.39. Earlier, Swarn Singh Virk ended...  

Olympics: Danes win first gold at London Games

London: Denmark captured its first gold of the Olympic rowing regatta by winning a close lightweight men's double sculls final that had to be restarted after the seat of one of the British crew came off its hinges. Mads Rasmussen and Rasmus Quist edged the British team of Zac Purchase and Mark Hunter by a quarter-length in a time of 6 minutes 31.17 seconds. New Zealand won bronze. After causing...  

Sawarn Singh finishes 16th in single sculls

London: Indian rower Sawarn Singh finished 16th in the finals of the Olympic single sculls at the Eaton Dorney here Friday. He clocked seven minutes and 29.66 seconds in his qualification Group Final C, where he finished fourth. New Zealander Mahe Drysdale took gold with a time of six minutes and 57.82 seconds while Czech Ondrej Synek and Britain's Alan Campbell clinched silver and bronze, respectively. Indian rowing team of...  

Germany wins Olympic gold in men's quad sculls

Windsor: Germany beat favorite Croatia to win gold in the men's quadruple sculls at the Olympic rowing regatta on Friday. The crew of Karl Schulze, Phillipp Wende, Lauritz Schoof and Tim Grohmann led from start to finish to win in a time of 5 minutes, 42.48 seconds. Croatia was a length behind in second place after failing to mount an expected late charge, and Australia took the bronze. The Australians...  

Olympics: US win women's 8 final for 2nd gold

London: Moments before the "Star-Spangled Banner" resounded out across Dorney Lake, Taylor Ritzel looked at the gold medal hanging heavy round her neck. She shook her head and let out a huge, deep breath. Ritzel was part of the United States women's eight that won a second straight Olympic gold, maintaining the boat's six-year dominance of the flagship event. Earlier, South Africa won a closely-fought lightweight men's four race, the...