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India Inc overseas borrowing down 9% to $2.35 bn in Nov
Overseas borrowing by India Inc declined by around 9 per cent in November to $2.35 billion compared to the previous month.

Cash-strapped IDBI Bank seeks capital rejig
Approaches government for fresh funds, conversion of bonds into equity.

News of the day

'One billion dollar loan sought from WB for urban dev projects'
India has sent a proposal to the World Bank seeking a loan up to one billion dollar to fund its urban development projects here, Lok Sabha was informed today.
Online Business

Govt to allow private funding in setting up universities

In a significant move, the government has decided to allow private funding in setting up some of the proposed 14 national universities, which would be of world class standards. During his interaction with British Trade and Investment Minister Mervyn Davies, HRD Minister Kapil Sibal today said the government was in favour of setting up some of the 14 universities in Public-Private-Partnership (PPP) mode.


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