India Ratings & Research (Ind-Ra) says the inclusion of an external commercial borrowing (ECB) facility in the funding structure or substitution of the existing domestic debt with an ECB facility will not, automatically, improve the overall credit profile of the project. While projects may be availing loans at interest rates lower than those charged in […]
Attributing the rupee’s decline to dollar surge in international markets, Planning Commission Deputy Chairman Montek Singh Ahluwalia on Wednesday said the government has been taking steps to deal with the economic situation and hoped that forex market will stabilise. “We have taken a number of steps, macroeconomic steps, fiscal deficit reduction step, steps to improve […]
Slowdown in industrial production and higher-than-expected retail inflation on Tuesday pulled benchmark S&P BSE Sensex down by 102 points to end at nearly two-month lows of 19,041.13, extending losses for second day. Sustained selling from stocks from Foreign Institutional Investors (FIIs) also weighed on the market sentiment while recovery in the rupee value against the […]
Oil prices fell in line with Asian equities on Wednesday following the Bank of Japan’s decision to hold off unveiling any fresh economic stimulus, analysts said. New York’s main contract, light sweet crude for delivery in July dropped 61 cents to USD 94.77 a barrel and Brent North Sea crude for July delivery shed 39 […]
Chennai : In a move to expand product availability and speed time-to-market of LED lighting solutions,Philips Lumileds today announced the signing of a global distribution agreement with KORE, Key Operation & Electrocomponents Pvt. Ltd. of Delhi. This new agreement enables immediate access to Lumileds application-specific LEDs in India. “LED lighting is just beginning to take […]
Mumbai : Jean-Claude Biguine joins hand with TV anchor & Salsa promoter – Chaiti Narula to sponsor their 1 year milestone of Salsa Night at Tote on Turf this Thursday, June 13 2013 from 08:00 pm onwards. To give their guests an experience of Jean-Claude Biguine’s world-class services, the team of make-up experts will set […]
Western Union Business Solutions, a unit of the Western Union Company, announced that it has tied up with IndusInd Bank Limited to provide its Technology Platform for effecting FX payments for Small and Medium Enterprises in India. IndusInd Bank has further signed up two of Western Union’s largest AD II licensed agents, Weizmann Forex Ltd […]
The rupee recovered by 19 paise to 58.20 against the dollar in early trade on Wednesday at the Interbank Foreign Exchange market after RBI announced steps to check free-fall in rupee, raising the limit for online repatriation of export proceeds by over three-fold to USD 10,000. Besides, selling of American currency by banks and dollar’s […]
Mumbai:Percept/H ,the flagship advertising agency of Percept Limited, that services Indian and multinational brands in India rolled out the second phase of the Bharat Nirman Campaign for the Congress led Government of India.Percept/H has released a highly visible TV campaign to reach out to the masses, a year ahead of the elections. Bharat Nirman was […]
The BSE benchmark Sensex on Wednesday declined by over 90 points in early trade on sustained selling by funds amid a weakening trend on other Asian bourses. The 30-share barometer fell by 90.87 points, or 0.47 per cent, to 19,052.13 with stocks of consumer durables, metal, FMCG, auto and baking sectors leading the fall. The […]
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1. CBME India 2024: Reinstating Excellence in the Baby Care Industry
2. Aloft Bengaluru Outer Ring Road elevates Haramohan Bora as Director of Food & Beverage
3. Acer’s first AI Powered Gaming laptops – Predator Helios 16 and Neo launched starting at Rs. 149999