Taking a cue from a couple of successful non-convertible debenture (NCD) issues for retail investors, quite a few corporate houses are planning to take this route.

Retail investors warm up to NCDs

Business Standard

Govt to run a deficit of $1.75 tn, equivalent to 12% of GDP.

Obama&#39;s budget proposes $750 bn more for  banks

Andhra Bank is targeting to disburse Rs 170 crore additional car loans during the current financial year. Currently, it is extending car loans worth Rs 250 crore, said executive director Anil Girotra.

Andhra Bank ties up with GM to offer car loans

After the rechristening of Telco to Tata Motors in 2003, one of the auto-maker&rsquo;s earliest decision was to settle its high-cost debts of around Rs 500 crore with the proceeds from foreign currency convertible bonds, or FCCBs. The company had raised $100 million and repaid the debt.

Tata group faces FCCB problems

The Indian rupee today breached its previous all-time low and was quoting at 50.65/67 against the greenback in late morning deals on continued capital outflows and higher month-end dollar demand, besides a strong US dollar in the overseas market.

Update: Rupee at an all-time low of 50.65/67 vs $

Press Trust of India

Ailing banking giant Citigroup and the US government have reached an agreement for the Treasury to increase its stake in the bank and demand a boardroom shakeup, US media reported Thursday.

Citigroup, US Treasury reach deal on govt stake

The Royal Bank of Scotland (RBS) plans to sell its retail and commercial business in India as part of the restructuring exercise, a move that follows the bank recording biggest annual loss of 24 billion pounds.

RBS to exit retail, commercial business in India

Citigroup says it has reached a deal that will give the US government up to a 40 per cent stake in the struggling bank.

Citigroup reaches aid deal with US govt

India&rsquo;s foreign exchange reserve fell by $165 million to $249.52 billion during the week ended February 20, 2009, due to revaluation in foreign currency. According to the Reserve Bank of India (RBI) data, the foreign exchange assets dipped by $156 million to $239.82 billion.

Forex reserves dip $165 mn at $249.52 bn

India&rsquo;s foreign exchange reserve fell by $165 million to $249.52 billion during the week ended February 20, 2009, due to revaluation in foreign currency. According to the Reserve Bank of India (RBI) data, the foreign exchange assets dipped by $156 million to $ 239.82 billion.

Forex reserves dip $165 mn

The rupee on Friday breached the 51-mark against the US dollar and touched a new lifetime low against the greenback.

Re hits new low, closes at 51.16

RBI prods banks to cut interest rates

An equivalent amount of bonds issued earlier under MSS will now form a part of the government&rsquo;s regular market borrowing, RBI said. An agreement to this effect was signed on Thursday.

RBI to shift Rs 45,000 cr from MSS to govt cash

Taking cues from the country's largest lender, SBI, public sector lender Punjab National Bank today announced a cut in car loans by 50 basis points with effect from tomorrow.

PNB cuts car loan by 50 basis points

Public sector lender Union Bank of India today reduced interest rates on new home loans by 25 to 100 basis points. Similarly, interest rates for new car loans were reduced by 125 to 150 basis points.

Union Bank cuts new home loan rate

Credit rating agency ICRA has revised the short term rating assigned to the Rs 35 billion short-term debt programme of Tata Motors Finance Limited (TMFL) from A1+ to A1 (pronounced A One).

ICRA downgrades Tata Motors Finance rating

For the first time in nearly two months, banks&rsquo; investment in statutory liquidity ratio (SLR) instruments has fallen below incremental credit flow during a fortnight.

Bank investment in SLR falls

The country&rsquo;s largest private sector lender, ICICI Bank, today reduced its lending rates on home and auto loans 50 basis points and deposit rates 50 to 75 basis points across various tenures

ICICI cuts home, auto loan rates 50 bps

India&rsquo;s current account deficit widened to $12.54 billion during the second quarter of the current financial year, as against $4.29 billion in July-September 2007.
The deficit at the end of the

Current account deficit widens further in second quarter

Jefferies India, the local subsidiary of US-based Jefferies Group, is planning to enter equity research, sales and trading business in India by the second half of 2009.
&ldquo;In India, we want to

Jefferies looks to expand presence in India

Joining the rate cut bonanza , Bangalore- based public sector lender Canara Bank today reduced its benchmark prime lending rate (BPLR) by 75 basis points from 13.25 per cent to 12.50 per cent with

More lenders cut interest rates

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