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Home>>>Business
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| REC
plans to raise $700m overseas
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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.
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| Banks
raise over Rs 1 lakh cr in deposits
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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.
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| BoI
raises Rs 1,360cr
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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).
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| G7
finance chiefs meet
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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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