Search For "borrowing"
Tata Motors reports Q2 loss at Rs 216 crore amid slowing demand
Updated : 6 years, 6 months ago IST
Mumbai (Maharashtra) [India], Oct 25 (ANI): Automaker Tata Motors on Friday reported a consolidated loss of Rs 216 crore for the second quarter of current fiscal against a loss of Rs 1,049 crore in the same period of previous fiscal amid slowing demand for passenger and commercial vehicles i
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India's current account deficit narrows to 2 pc of GDP: RBI
Updated : 6 years, 7 months ago IST
Mumbai (Maharashtra) [India], Oct 1 (ANI): India's current account deficit (CAD) narrowed to 14.3 billion dollars or two per cent of the gross domestic product (GDP) during April to June, data released by the Reserve Bank of India showed.
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ICRA withdraws rating assigned to borrowing programme of MEP Infrastructur
Updated : 6 years, 8 months ago IST
Mumbai (Maharashtra) [India], Aug 28 (ANI): Rating agency ICRA has withdrawn the rating for MEP Infrastructure Developers' bank limit of Rs 50 crore due to slower than anticipated progress in six under-construction hybrid annuity mode (HAM) road portfolio.
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Sovereign borrowing in foreign currency should be accompanied by well-craf
Updated : 6 years, 9 months ago IST
New Delhi [India], Aug 11 (ANI): If India opts for sovereign borrowing in foreign currency, the move should be accompanied by a well-crafted policy and special safeguard as the foreign exchange reserve is an accumulation of capital account surplus rather than current account, according to
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PNB Housing Finance raises fresh $75 million ECB from Sumitomo Mitsui Bank
Updated : 6 years, 9 months ago IST
New Delhi [India] Aug 6 (ANI): PNB Housing Finance Limited said on Tuesday it has raised fresh 75 million dollars (about Rs 522 crore) of external commercial borrowing (ECB) from Sumitomo Mitsui Banking Corporation (SMBC) in Singapore.
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PNB stock drops by 10 pc after detecting fraud by Bhushan Power and Steel
Updated : 6 years, 10 months ago IST
Mumbai (Maharashtra) [India], July 8 (ANI): Shares of government-owned Punjab National Bank (PNB) fell over 10 per cent on Monday after it reported a borrowing fraud of Rs 3,805 crore in Bhushan Power and Steel Limited's (BPSL's) account.
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ICRA downgrades McLeod Russel India's credit rating to default
Updated : 6 years, 10 months ago IST
Mumbai (Maharashtra) [India], July 4 (ANI): ICRA has downgraded tea producing company McLeod Russel India's credit rating to default for borrowings worth Rs 1,031.09 crore.
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State borrowings may face pressure in coming years: economists
Updated : 7 years ago IST
Mumbai (Maharashtra) [India], May 9 (ANI): A mismatch between demand and supply of state development loans can affect the cost of borrowings for state governments over the next five years, eminent economists said at a crucial meeting of the 15th Finance Commission.
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'Money Loji' launches its App that offers loans to salaried professionals
Updated : 7 years ago IST
New Delhi [India] April 24 (ANI/ BusinessWire India): Say goodbye to the days of mustering the embarrassment of borrowing money from a relative or friend. Month-end or early-month days will no longer be crucial and testing, whether it's a salary delay or an immediate medical expense, we f
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'Money Loji' launches App that offers loans to salaried professionals with
Updated : 7 years ago IST
New Delhi [India] April 23 (ANI/BusinessWire India): Say goodbye to the days of mustering the embarrassment of borrowing money from a relative or friend. Month-end or early-month days will no longer be crucial and testing, whether it's a salary delay or an immediate medical expense, we fi
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Personal loans emerging as instant finance
Updated : 7 years, 1 month ago IST
Pune (Maharashtra) [India] April 5 (ANI/BusinessWire India]: India is getting used to the idea of loans being a useful way to manage expenses. With millennials valuing experiences over things, borrowing a relevant amount of money to meet your immediate financial goals - whether that's tra
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RBI moves to stimulate growth, lowers repo rate by 25 basis points to 6 pc
Updated : 7 years, 1 month ago IST
Mumbai (Maharashtra) [India], Apr 4 (ANI): The Reserve Bank of India (RBI) on Thursday cut repo rate for the second consecutive time this year to 6 per cent from the current 6.25 per cent, a move that will cheer industry leaders over relief from high borrowing costs a week before the first p
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