Sunday February 10, 2008

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 Home>>>Business 

 
REC plans to raise $700m overseas 

New Delhi, Feb 9:
Government-owned Rural Electrification Corporation (REC) plans to raise about $200 million from export credit Agencies (ECAs) in overseas markets for power equipment financing.
 
Banks raise over Rs 1 lakh cr in deposits 

Mumbai, Feb 9:
Banks mobilised a record Rs 1,17,098 crore in demand deposits, largely through current accounts, in January on account of IPOs during the month. Foreign exchange (forex) reserves, on the other hand, rose $4.3 billion during the week ended February 1.
 
BoI raises Rs 1,360cr 

Mumbai, Feb 9:
Bank of India (BoI) has raised close to Rs 1,360 crore at a premium of Rs 350 a share through qualified institutional placement (QIP).
 
G7 finance chiefs meet 

Tokyo, Feb 9:
Finance ministers from the Group of Seven richest nations met on Saturday to discuss faltering economic growth and a credit crunch that has rocked world markets and prompted gloom over the global economy.
 
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