Wednesday November 28, 2007

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RBI rules out sub-prime like crisis in India  

Mumbai, Nov 27:
Indian banks are facing a rise in defaults of home and other consumer credit, but the Reserve Bank feels the situation is nowhere near the US sub-prime crisis that saw many mortgage lenders ...
 
Kingfisher Airlines expands network 

Khajuraho, Nov 27:
Kingfisher Airlines, India's favourite airline today announced that it has further expanded its route network with the introduction of three new services and the addition of two new destinations.
 
BHEL wins Rs 40-bn contracts 

New Delhi, Nov 27:
State-owned power equipment maker Bharat Heavy Electricals Ltd (BHEL) will supply equipment worth Rs 40 billion ($1 billion) to power utility major NTPC Ltd's projects in Assam and Maharashtra.
 
No rush of foreign funds in banking sector 

New Delhi, Nov 27:
Finance Minister P Chidambaram said that the inflow of foreign funds in the banking system was not disorderly and could be channelled for productive use.
 
Raja may meet mobile operators 

New Delhi, Nov 27:
Communications Minister A Raja on Tuesday said he might meet individual telecom operators to resolve the imbroglio over new norms for spectrum allocation, after a round of collective discussion with most operators failed on Monday.
 
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