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| PSUs to lose out on interest |
21-NOV-09 |
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Public sector companies may continue to lose interest income on their idle deposits as the government has decided against allowing banks to bid for their bulk deposits. |
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| Buffett taps JPMorgan, Wells Fargo |
21-NOV-09 |
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JPMorgan Chase & Co and Wells Fargo & Co are arranging an $8 billion loan for Warren Buffett’s Berkshire Hathaway Inc to help finance the takeover of railroad Burlington Northern Santa Fe Corp. |
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| Possibility of a financial crisis cannot be ruled out: Rangarajan |
20-NOV-09 |
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With the developed world seeing a fragile recovery from the recession, projected to be a modest 1-2 per cent in the second half of 2009-10, a further financial crisis was not completely ruled out, said C Rangarajan, chairman of the Economic Advisory Council (EAC) to the Prime Minister. |
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| IFCI plans to offload stake in 16 firms |
20-NOV-09 |
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IFCI, the Delhi-based non-banking finance company, plans to sale stake in 16 companies across the sectors, including, iron and steel, granite, hotels, food and electronics. |
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| Firms may raise more funds abroad |
20-NOV-09 |
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Overseas funding is becoming more attractive for Indian companies with the cost of borrowing dollars falling to record lows. |
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| RBI starts brainstorming on HR challenges |
20-NOV-09 |
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The top management of the Reserve Bank of India (RBI) will brainstorm for three days, starting this evening, to find ways to deal with the growing manpower challenges that the central bank faces. |
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| ICICI to raise funds for overseas business |
20-NOV-09 |
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India’s largest private sector lender, ICICI Bank, is planning to raise funds for its overseas branches through five-year dollar-denominated senior unsecured notes issued through its Bahrain branch. |
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