The report said that while those investigations focused on interactions between the banks and clients who bought mortgage securities, this one expands the scope of scrutiny to the interplay between banks and the agencies that rate their securities.
Bank Of England Chief: The US Faces The Same Issues As Greece, And Europe Has Only Kicked The Can Down The Road
one of the concerns in financial markets is clearly – how will this enormous stock of public debt be reduced over the next few years? And it’s very important that governments, both here and elsewhere, get to grips with this problem, have a clear approach and a very clear and credible approach to reducing the size of those deficits over
Bailout bad for euro: Jim Rogers
“This means that they’ve given up on the euro, they don’t particularly care if they have a sound currency, you have all these countries spending money they don’t have and it’s now going to continue.”
India can gain from the crisis
We have seen in the Western world private and consumer debt shifting to banking sector, banking debt shifting to the government's balance sheet and, now, a weak government's debt shifting to a stronger government's balance sheet. This is the last frontier. If it fails, high inflation, social chaos and protectionism will hound the world.
Greek crisis not to change RBI's exit roadmap: Gokarn
The Reserve Bank of India [ Get Quote ] on Thursday said the Greek debt crisis would not change its roadmap to exit from the accommodative stance, as the central bank has already factored in the impact of global uncertainties in its exit-policy.
Don't compare India & China: FM
Coming to the impact of the volatility of capital flow, no doubt, India would emerge as an important destination for investment. Therefore, we shall have to watch the situation very carefully
What A Rising Yuan Means For You
Although potential inflation may result, many argue that an increase in the price levels of Chinese supplies will allow United States manufacturing to gain global market share.Govt lays ground for $11 bn push to infrastructure
“There is always a shortage of long-term finance in infrastructure projects. The objective is to meet this demand. It’s too early to comment on the constitution of the committee or its functioning,” he added.
The gas in the Reliance case
The government cannot exercise the sovereign right twice over, once in determining the price, in which it will get its share, and again in fixing the price at which the company can sell its share to a party of its choice and at a price of its choice.
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Meanwhile, the Kolkata-based company is planning to set up a new coke manufacturing facility in Andhra Pradesh with an estimated investment of 8-10 billion rupees, Jagatramka said.
Tata Steel’s Canada, Mozambique buys to buoy Europe ops
Tata Steel’s European operations, which, at present, lack enough captive raw material resources, are likely to be benefitted from the company’s acquisition of iron ore and coal mines in Canada and Mozambique from next year onwards.
Bill on mining regulator this session
“The government feels that the mining sector—which has been opened up to private participation in the past—needs a regulator,” said a source.
Govt may provide duty sops to domestic power equipment cos
The problem of domestic manufacturers, including BHEL and Larsen and Toubro, is accentuated by 14 per cent cost advantage due to nil duty imports.
REC to borrow Rs 21,000 cr in FY'11
The company borrowed Rs 24,000 crore in the previous financial year (2009-10), even as it disbursed loans of about Rs 18,500 crore during the same period.
Thermax sees good FY11 despite margin pressure
"Raw material prices have gone up, covered for most of the important material in terms of forward booking, but structural steel is not forwardly booked...I am expecting one or two more increases there," Managing Director M.S. Unnikrishnan told Reuters.
HCC hives off IT division into new unit
Hindustan Construction Co has hived off its IT division into a separate firm, Highbar Technologies, to provide services to clients in the infrastructure sector, a top official said on Thursday.
Mahindra Satyam reeling under severe attrition
Another major reason is that after Raju's softer reign, many Satyamites are finding it difficult to work with the "conservative and frugal" approach of the Mahindra Satyam top brass.
Parts crunch bump on auto growth
Chairman of the country’s largest carmaker Maruti Suzuki India, RC Bhargava, said that the shortage is a concern but constant engagement with vendors was keeping the company well stocked. “Whether the shortage in components is a key issue for carmakers, I would say it is only partly true. The situation is showing signs...
3G bid: Govt set to earn over Rs 60,000 crore
After the auction for 3G is closed, the government would start the auction for BWA for which as many as 11 operators are in the fray. The reserve price for BWA spectrum has been fixed at Rs 1,750 crore (Rs 17.50 billion) and only two slot of 20 MHz each are on the block.
Great Eastern Shipping unit plans $80-$100 mln IPO
The offshore services provider operates 14 support vessels and two rigs, used for exploration and production of oil and gas. It has placed orders for seven vessels, which are scheduled to be delivered in 2011 and 2012
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