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India Inc. lauds Union Budget 2008-09 but expected "more" Corporate India has lauded Union Budget 2008-09, calling it a "remarkable job" done by the Finance Minister P. Chidambaram, but added that the Budget had left them hoping for more. 02 Mar 2008
SBI, Canara Bank slash loan rates, FinMin urges others to follow Emboldened by public sector banks, State Bank of India (SBI) and Canara Bank's move of slashing prime lending rate (PLR) by 0.25 percent, India's Finance Minister P. Chidambaram has urged other state-run banks to follow suit to ensure that productive sectors of the economy are not starved of credit. 13 Feb 2008
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NTPC to raise $500 million via loan, bonds State-run power producer National Thermal Power Corp Ltd said on Thursday it would raise Rs.2000 crore ($507 million) through a loan and a bond issuance to fund its capital expenditure. 27 Dec 2007
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India plans zero interest loans to sugar millers The union government will provide zero interest loans to sugar millers to help them clear cane price arrears of 2006/07 and 2007/08 season, a government statement said. 10 Dec 2007
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Bush unveils plan to slow U.S. home foreclosures U.S. President George W. Bush announced a plan on Thursday aimed at slowing a wave of home loan foreclosures that has threatened to knock the U.S. economy into recession and rattled investors worldwide. 07 Dec 2007
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Credit bureau to classify borrowers Credit Information Bureau (India) Ltd (CIBIL) and U.S.-based TransUnion have launched a new scoring system for individual as well as commercial borrowers, top CIBIL officials said. 29 Nov 2007
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HSBC Q3 profit up, U.S. bad debt charge jumps HSBC Holdings Plc, Europe's biggest bank, said its third-quarter profits were ahead of last year's and revenue growth across the group offset a jump in its charge for bad debts in the United States. 14 Nov 2007
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RBI squeeze on market liquidity leads to Sensex drop Indian shares dropped 0.97 percent on Tuesday, with banking and auto stocks among the leading losers after the central bank increased banks' reserve requirements, raising concerns that loan growth and consumer demand will slow. 30 Oct 2007
