Bank of India sees subdued growth in corporate loans The Times Of India MUMBAI: State-run lender Bank of India expects a subdued growth for its corporate loan book in the coming quarters and will be cautious about lending to risky sectors, senior officials said, as increased provisions due to debt restructuring and credit losses hurt the bank in October-December. | Corp...
'Bank of India sees subdued growth on corporate loans' The Times Of India MUMBAI: State-run Bank of India sees subdued growth on corporate loans going forward, while rising debt restructuring by corporates is exerting stress on the bank's assets, executive director N. Seshadri said on Friday. | He said stress is evident in the loans given to textile, aviation, steel and p...
UPDATE 1-Myanmar has no plans to export new gas finds The Guardian * Myanmar to focus on meeting domestic energy needs * Minister puts gas reserves at 22.5 trillion cubic feet * Interest from foreign energy firms growing * Power source at Dawei industrial zone uncertain (Adds more quotes, comment from Dawei develope...
Bank of India sees subdued growth in corporate loans The Times Of India MUMBAI: State-run lender Bank of India expects a subdued growth for its corporate loan book in the coming quarters and will be cautious about lending to risky sectors, senior officials said, as increased provisions due to debt restructuring and credi...
Struggles ahead for India Inc in convertible bonds The Times Of India MUMBAI/HONG KONG: Reliance Communications was lucky a China connection meant it could borrow $1.2 billion to refinance a maturing foreign currency convertible bond. Other Indian companies may not be so lucky. | Nearly two dozen Indian firms have an o...
Myanmar has no plans to boost gas exports beyond 2013 The Guardian NAYPYITAW, Myanmar, Jan 27 (Reuters) - Myanmar will keep natural gas from new projects beyond 2013 for domestic consumption, a shift of policy aimed at powering its development, the country's energy minister said on Friday. Myanmar has opened up to t...
AP / Khin Maung Win
Burma must avoid the neoliberal trap The Guardian | As the west warms to Burma, the country should be wary of being hijacked by a drive to introduce neoliberal capitalism or to prise it open to foreign investors Passengers on a tr...
India lifts restrictions on FDI in single-brand retail The Guardian (Adds quotes, details, background throughout) By Matthias Williams and Nandita Bose NEW DELHI/MUMBAI, Jan 10 (Reuters) - India formally eliminated restrictions on foreign investmen...
India Official: Rupee's Rise Not a Sign of Economic Bounceback Wall Street Journal By ABHRAJIT GANGOPADHYAY And SUDEEP JAIN | NEW DELHI -- The Indian rupee's recent surge isn't really a sign of--or even backed by--a strong economic recovery, a top government official cautioned Friday, giving weight to comments from analysts who hav...
Is Pakistan's economy facing potential collapse? BBC News Pakistan's Prime Minister, Yousuf Raza Gilani, has told business leaders attending the World Economic Forum in Davos that his government is stable and Pakistan is open for business. | Mr Gilani tried to convince corporate bosses that despite all the ...
Dhaka steps up fight against inflation Gulf News | Dhaka: Bangladesh's central bank pledged to further restrain credit growth as it tries to slow an inflation rate exceeding 10 per cent and steady a weakening currency. | Bangladesh Bank will "pursue a restrained monetary growth path in or...
UK wants stronger, deeper ties with India: Hague Zeenews London: Noting that India is making its mark on the global economy with electrifying skill, innovation and dynamism, British Foreign Secretary William Hague has said that now is the time to make a "stronger, wider and deeper" relationship with India. | "We want a relationship between India and Britain that is stronger, wider, and deeper," Hague sai...
