While DB Realty sent out an official statement early evening, Unitech did that much later.
Microfinance companies have been facing a crisis after a crackdown by the Andhra Pradesh government last year in response to allegations they were charging high rates and using coercive recovery practices.
Oberoi Hotels on Tuesday inaugurated its first luxury hotel there, right next to the Trident property, under a management contract with Orbit Resorts.
Among the various ways being considered by the central government to raise Rs 5,000 crore (Rs 50 billion) from tax-free bonds for shipping ports, one is to allow major ports to themselves issue these.
Bahrain has of late emerged as a regional hub for banking because of low tax rates and easy regulations. At present, 409 banks and financial institutions have operations there.
With Indian travellers getting more eager to venture out in the uncharted territory, travel agencies are offering attractive discounts on several such unheard-of destinations.
As of December 2010, the bank's total outlets, including branches, stood at 5,017. Its ATM network stood at 2,516 units.
Indians have been travelling to the "land of the rising sun" in large numbers, especially for business, thanks to the close ties with automobile and engineering companies.
Companies prefer to set up their own guest houses rather than paying huge tariffs at luxury hotels.
This will be MGM's first destination in India, and it expects to be ready by early 2014. There won't be any casino here, though.
Creating a new image for the client concerned, while making him disappear from the public domain for some time, are among the strategies that often work.
Travel agencies are blocking inventory with the hotels for the last minute travellers as supply is getting dried up.
You can't ask a current borrower to finance your growth, says RBI memeber Yezdi H Malegam.
Today, 45 per cent of India's trade is trans-shipped over other regional ports such as Colombo, even as India's container cargo is growing by 15 per cent every year. The development of a trans-shipment hub within the country would definitely help India's trade and accelerate its growth.
With mounting pressure to set aside substantial amounts each quarter to improve provision cover for bad loans, State Bank of India is using every possible way to step up recoveries from non-performing assets.
Commercial banks now prefer one-year certificate of deposit (CDs) to short-term paper (of three- to six-month duration) to raise money, as volatility in the money market in the three months through December has made them focus on stability and improving their balance sheet.
Those with plans to enter the wealth management business want to first put in place robust processes.
Bank to argue with the Reserve Bank that new norms don't apply to floating rate schemes.
Stung by the public criticism of teaser rates, SBI Chairman O P Bhatt told RBI officials in a post-monetary policy meeting on Friday that only eligible persons are given these loans and the norms are not diluted while extending such loans.
Deposit rates have increased over 100 basis points (bps) in the last ten days, as banks are getting aggressive to mobilise resources to fund the growing demand for loans in the busy season. In the last ten days, at least five government banks have increased deposit rates and more are expected to follow suit.
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