March 29: From behind the lens
March 29: From behind the lens
Security personnel stand guard in front of SKS Microfinance's head office in Hyderabad
SKS Microfinance, India's largest and only publicly listed microfinance institution, said on Tuesday it sold securitised loans worth Rs 550 cr in two tranches to banks.
The company also said it sold securitised loans worth Rs 60 cr to a non-banking financial company earlier this month.
"The transactions will further augment the liquidity position of SKS Microfinance," said Chief Financial Officer S Dilli Raj said, adding such loan markets "had virtually ceased post the AP (Andhra Pradesh) MFI Act."
A labourer wipes sweat from his forehead as he works in a wheat field on the outskirts of Jammu
The government is considering lifting a ban on wheat exports by April or May, Junior Farm Minister Arun Jadhav said on Tuesday, as the country heads for an all time record production of the grain in 2011.
India, the world's second-biggest producer of the grain, had banned wheat exports in 2007 to bolster domestic supplies to rein in price rises.
The country is expected to produce 81.47 million tonne in 2011, according to the government estimates.
Sun rises over the telecommunication towers in New Delhi
The CBI have arrested two executives, including the brother of former managing director of DB Realty, in a probe into a huge telecoms licensing scandal.
A spokeswoman for CBI told Reuters it had arrested Asif Balwa and Rajiv Agarwal "in connection with money trail of the 2G (licence) case."
Asif Balwa is the brother of former DB Realty Managing Director Shahid Balwa, who was arrested by the CBI in February.
The CBI will submit on Tuesday a final report to the SC over the multi-billion dollar telecom corruption case before making the first charges in a scandal that has embroiled the government and business magnates.
The report, which will not be made public, comes before a Thursday deadline for the CBI to file charges. The scam has tainted Prime Minister Manmohan Singh, halted economic reforms and worried investors in Asia's third largest economy.
The national presidential palace is lit up in the colours of the Mexican flag during a sound and light show in Mexico City
Though it exports more than Brazil and India and enjoys the kind of population growth Russia can only dream about, Mexico has long been in the shadow of its more dynamic emerging market cousins.
Today Mexico has a growing body of supporters who believe it is closing the gap on the so-called BRIC nations as a driver of global growth, powered by rising competitiveness and the willingness to capitalize on untapped financial resources.
Grouped under the "BRIC" moniker coined by Goldman Sachs' Jim O'Neill in 2001, Brazil, Russia, India and China have leapt up the chart of the world's biggest economies, and recent forecasts suggest Mexico may soon advance at a similar pace.
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