Feb 22: Sensex as Greenex
Feb 22: Sensex as Greenex
Rajeev Agarwal, Whole-Time Member, Securities and Exchange Board of Indi, Madhu Kannan, MD & CEO, BSE and M Veerappa Moily, Minister of Corporate Affairs, Government of India at the Launch of BSE-GREENEX
A Kingfisher Airlines aircraft comes in to land at Mumbai's domestic airport
The Reserve Bank of India is "absolutely not" opposed to banks lending to debt-laden Kingfisher Airlines they feel they can recover their money, Deputy Governor KC Chakrabarty told reporters on Wednesday.
Lenders to Kingfisher have yet to agree on extending further loans to the money-losing carrier, three banking sources said earlier after reports that one state-owned creditor had agreed on a bailout loan package.
(Pictures by Reuters)
An aircraft takes-off against the backdrop of monsoon clouds near the airport during early morning in New Delhi
Air India has refused to carry passengers on flights cancelled by loss-making Kingfisher Airlines on credit, an official at the state-run carrier, who declined to be identified, told Reuters on Wednesday.
Debt-laden Kingfisher today submitted a new flight schedule to the DGCA after it has cancelled scores of flights in recent days.
Labourers work at the site of a residential estate under construction in Kolkata
The Prime Minister's economic advisory panel today projected 7.5 - 8% growth rate for the next fiscal and said the country can achieve a higher economic expansion if the global environment turns favourable.
Economy was growing at over 9% before the financial meltdown of 2008 pulled down the growth rate to 6.7% in 2008-09.
Greek euro coin is seen amongst coins of other Euro zone countries in Athens
Fitch downgraded Greece on Tuesday to 'C' from 'CCC', a move widely expected after the country said it may enforce losses on bondholders who do not voluntarily sign up to a debt swap plan accompanying its EU/IMF-approved bailout.
"The exchange, if completed, would constitute a 'distressed debt exchange'," Fitch said.
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