As a home loan borrower, it is very important to understand what a teaser loan is and what the implications in short- and long-term are.
The global financial crisis has hit the realisation of Millennium Development Goals hard with loss of employment and food inflation slowing down the progress and an additional 64 million people expected to be thrown into extreme poverty by 2010-end relative to a no-crisis scenario.
The unemployment rate in the OECD region a grouping of 27 developed and developing nations stood at 8.8 per cent in November 2009, amid the global labour market slowly witnessing signs of stabilisation.
Here we present a list of the 10 biggest banks of the world in terms of market capital and brand value, as compiled by www.brandirectory.com.
Here we present a list of the 10 biggest banks of the world in terms of market capital and brand value, as compiled by www.brandirectory.com.
The government has set seven per cent as the GDP target for this year.
India's exports contracted for 13 straight months starting October 2008, before turning positive in November'09.
Plans to cover long distance gas pipelines would mean increase in demand for steel pipes and tubes.
The government on Wednesday said the fiscal stimulus given to the industry to combat the adverse impact of the global financial meltdown will not be withdrawn before the budget.
A look at the fortunes of banks through the stocks of five pillars of the edifice.
Pointing out that action should be immediate, IMF said there should be a collective effort and that each country that has fiscal space should contribute. According to the agency, as the current crisis would last at least for several more quarters, the fiscal stimulus can rely, more than is usual, on spending measures.
Not only is the current US financial crisis not solved, the seeds are there for even more serious crises in the future, writes Deepak Lal.
The Citigroup may cut a deal with the US government on Monday that will allow it to repay the bailout fund the financial entity had received at the height of the global financial crisis, says a report.
The RBI, however, asked the government to carefully assess the pros and cons of such action.
Though the impact of the global meltdown would not be 'drastic' on India's economy, its recovery would be 'stretched', with the slowdown of FDI inflow, he said, delivering the Fedbank Hormis lecture on 'The Global Financial crisis and India's incomplete transformation' in Kochi on Tuesday, organised by Federal Bank. He said the fundamentals of the Indian economy were strong, value of exports was only 13 per cent of GDP.
Lauding the government and RBI for saving the day for India with conservative banking norms, ICICI Bank chairman KV Kamath said on Monday any further reforms in the sector should wait as global banks are in 'disarray'. Expressing his views on RBI deferring the liberalisation of foreign banks, the ICICI Bank chairman said: "I think it is entirely appropriate that they have said they will review it at appropriate time."
The number of FIIs registering with Sebi this year touches six-year low.
The IMF members' investment in the fund's securities will boost the fund's capacity to help member countries, particularly developing and emerging market countries, cope with the crisis and thus benefit all members by facilitating an early recovery of the global economy. At the same time, the new notes will offer members a safe investment instrument with reasonable return.
Reserve Bank of India Governor D Subbarao on Wednesday contested the idea of "making banking boring" to bring back economic stability, mooted by Nobel laureate Paul Krugman in the wake of global financial meltdown.
The company faced severe demand contraction in its principal market segments due to the global financial crisis. Trevira manufactures high-value branded polyester fibers and filament yarns for the automotive industries, home textiles as well as for technical applications.
For China, recession was like an oppurtunity that comes after hundreds of years, and with its piggy bank overflowing money the country went on a wild shopping spree...
Sebi's remarks assume importance as the benchmark equity index, Sensex, has surged by over 75 per cent this fiscal to 16,998.78 points.
Cost cutting has always been on our agenda be it on power, travel or communication, says S Ramadorai, the chief executive officer, TCS.
The global financial crisis seems to have changed the way multinational companies operating in the country engage with Indian banks. Post the crisis, their involvement with large Indian public and private sector banks has grown for a range of services, such as cash management and credit, according to bankers.
India and China are generating enough growth from within, says H Lienhard, President & CEO, Voith AG.
Asia is rebounding fast from the global financial crisis.
IT industry body Nasscom on Tuesday said the sector will regain double-digit growth from April next year leaving behind the prolonged recession.
Investors, speculators, hedgers and consumers who sold their gold stocks to partly set off losses in the financial markets will start replenishing within six to eight months, says Ajay Mitra, managing director - Indian sub-continent, World Gold Council.
Even client computing is projected to take a hit as personal computer projects are postponed or scaled back this year, rather than getting cancelled outright, because of tighter budgets. Industry-wise, insurance, media and consumer business services' client computing plans were on track, while companies involved with telecommunications, wholesale and agriculture, mining and construction sectors are most likely to reduce spending.
For those, like me, who backed the Reddy-Mohan approaches to monetary and regulatory policies, the continuity shown by Subbarao's RBI is very heartening. For earlier critics of these approaches there may be some disappointment and discomfort.
The savings-oriented psyche of Indians and their habit of living within their means will help the country to tide over the global financial crisis, former President APJ Abdul Kalam has said.
The economic stimulus package to protect the country from the impact of the global financial crisis would continue till the economies of Europe and the US recover, Finance Minister Pranab Mukherjee said on Sunday.
Notable among those who have been invited for the meeting on Saturday are K V Kamath of ICICI, Mukesh Ambani of Reliance, Anil Ambani of Anil Dhirubhai Ambani Group, Rahul Bajaj of Bajaj Auto, Sunil Bharti Mittal of Bharti Airtel, Deepak Parekh of HDFC and Kumar Mangalam Birla of Aditya Birla Group. The presidents of three industry associations -- CII, Ficii and Assocham -- are also expected to attend the meeting.
An interest rate future is a financial derivative. For the uninitiated, a derivative is a financial contract the value of which is 'derived' from a long-standing security such as a stock or a bond, or even an asset, or a market index.
'Those who come from outside are surprised at the relatively small strength of the RBI supervisory cadre, relative to the needs of the country and the needs of the financial sector.'
The global financial crisis slashed the value of financial assets worldwide by a massive $50 trillion last year, with developing Asia suffering more than other emerging market regions.
Criticising the US for resorting to protectionism in the wake of the global financial crisis, India on Friday warned such a "negative" trend will have a cascading effect on major economies and undermine efforts to overcome the downturn in the shortest possible time.
The major beneficiaries of loan recasting will be sub-Rs 500 crore corporate exposures and retail exposures, which were earlier expected to see the highest increase in NPAs in percentage terms.
Capex plans for the next six months imply a 20 per cent increase in calendar 2010.
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