September 25, 2012
National Housing Bank (NHB) has cut its lending rate by 0.5 percentage point, a step that will result in reduction of cost for mortgage firms such as LIC Housing Finance and HDFC.
July 5, 2012
Kingfisher Airlines was given a 15-day time by its lenders to come up with a plan to improve its operations. The debt-trapped airlines was running a truncated service currently.
April 13, 2012
The prime risk involved in lending activity is the ‘credit risk', i.e. the risk of loss due to a borrower's failure to repay the loan. The risk assessment depends on many factors such as cred...
November 9, 2011
Brushing aside the downgrade of Indian banks by Moody’s, the Government on Wednesday said the rating has no significance as domestic lenders are much stronger than their global peers.“We...
September 4, 2010
Plans to invest $5 m in India for increasing headcount, product development and infrastructure
August 4, 2010
In the winter of 2007, the British celebrated what would be their last boomtime Christmas for quite a few years to come. High streets swarmed with shoppers who didn't yet have to worry about losing...
July 10, 2010
No need for tears, but the well-off are losing their master suites and saying goodbye to their wine cellars.
April 24, 2010
Goldman Sachs’s CEO and other top officers are accused in a pair of shareholder lawsuits of lax oversight in deals involving risky mortage-backed securities that later went bad.The la...
March 5, 2010
Greek lawmakers have approved an austerity package to save euro4.8 billion ($6.52 billion) in budget costs and help reduce the country’s crushing debt load.The legislation was approve...
February 18, 2010
The practice wasn’t secret and it wasn’t illegal, and some of it happened 10 or 15 years ago. But the practice of European governments reportedly using complex financial transactions t...
August 17, 2012
Reverse mortgage could be a safety net for cash-strapped retirees but it has few takers in India for now. K.T. Jagannathan finds out why
June 25, 2012
Spain has made a formal request for a loan to help clean up its troubled banking sector, Economy Minister Luis de Guindos said Monday. Last week, two international audits commissioned by...
November 15, 2011
Hundreds of police officers in riot gear before dawn on Tuesday raided the New York City park where the Occupy Wall Street protests began, evicting and arresting dozens of protesters from what has...
December 17, 2010
Amid projections of up to over 9 per cent growth in the economy this fiscal, ratings firm Moody’s has cautioned against overheating that can result in probable asset bubbles.
September 2, 2010
Economic indicators from the United States and other developed countries, since the beginning of August, strongly suggest, at the very least, heightened uncertainty over their near term grow...
July 16, 2010
Investment bank Goldman Sachs will pay a record fine of $550 million to US market regulator SEC for settling charges related to misrepresentation of facts about a financial product tied to s...
June 11, 2010
In the aftermath of the global economic crisis, the yearning for returning to normalcy has been strong. Yet that normalcy, which in the broadest sense means reverting to the legal, instituti...
April 23, 2010
Britain’s economy grew 0.2 percent during the first quarter of the year, official statisticians said on Friday, extending the nation’s recovery from recession but disappointing expecta...
February 25, 2010
The text of the Economic Survey presented by the Finance Minister, Mr. Pranab Mukherjee in Parliament on February 25, 2010. »
February 12, 2010
Joseph Stiglitz feels depressed. Having been a voice in the wilderness urging caution when financial capitalism was in a speculative frenzy, he wants the crisis to be the catalyst for radica...