Pakistan's credit rating was cut by Standard & Poor's, which doubts about the country's ability to meet $3 billion in debt-servicing costs as terrorism risks grow and investors flee emerging markets.
French banking major BNP Paribas on Monday said it will acquire beleaguered Fortis' Belgium and Luxembourg operations as well as the international franchises for an estimated 14.5 billion euro.
Serious constraints in the availability of feed and fodder in the country has forced the government to study the "economics of fodder" for devising a strategy to deal with the crisis which may adversely impact the agricultural growth in the
The state-run National Bank for Agriculture & Rural Development, which is closely associated with the Centre's Rs 71,000 crore debt waiver scheme for farmers, proposes to make its foray into carbon business.
After lurching robotically into their worst crisis in more than three-quarters of a century, the fundamental weakness of banks in America and Europe has now become horribly clear.
Technological developments are creating new product platforms and altering the delivery channels across industries. The last mile is often the toughest to achieve in the supply chain of most industries, more so for the traditional energy industry.
Palm oil futures plunged to the lowest in almost two years amid concern that a global economic slowdown will cool demand for resources. The December-delivery palm oil fell 9% to 1,820 ringgit a metric ton, the lowest since December 5,
The banking industry, which has been reeling under tight liquidity in recent times, has lauded the move by the Reserve Bank of India to cut cash reserve ratio by 50 basis points on Monday.
The financial sector regulators moved in tandem on Monday to restore investor confidence in the Indian markets. The watchdogs responded with urgency as the benchmark Sensex of the Bombay Stock Exchange tanked by 724.62 points to a two-year low on
The desktop PC market has been on a bumpy downhill ride for quite some time now. While one may argue that the absolute number of PCs sold today has grown several fold over what it used to be a decade
If on the same day RBI slashes the cash reserve ratio by 50 basis points-that puts around Rs 20,000 crore back into the lending system-and Sebi eases rules governing participatory notes, it is safe to say the monitors of Indian
With high inflation and soaring interest rates drying up demand in the realty sector, major developers have started focusing on affordable housing in Mumbai, Delhi and Bangalore, as well as in emerging cities such as Pune, Ahmedabad, Lucknow, Kochi, Indore
Notwithstanding the promise by the Union ministry of fertilisers, Punjab and Haryana continue to suffer from shortage of some fertilisers due to panic buying by farmers during the last three years.
Hollywood is coming out this fall with a slew of political movies that hit all the hot-button topics as the tight U.S. presidential campaign nears its climax.
Invoking Article 356 against Naveen Patnaik government in Orissa for failure to protect minorities may yet be a premature preposition, but frontal organisations of the Sangh Parivar, who have been blamed for the recent spate of attacks against Christians.
The NSE Nifty is down 216 points at 3,602. The market breadth was extremely negative - out of 2,677 stocks traded, 2,369 declined, 281 advanced and 27 were unchanged on Monday.
C B Bhave, chairman of the Securities and Exchange Board of India, said on Monday that the 40 per cent limit on investment through offshore derivative instruments, or Participatory Notes, will be removed.
Several firms, which were facing problems in meeting even their working capital requirements, expected banks to loosen their purse strings for lending. "Today we are seeing a lot of credit constraints in the market even for working capital. In this
