TT Epaper
The Telegraph
TT Photogallery
 
IN TODAY'S PAPER
WEEKLY FEATURES
CITIES AND REGIONS
ARCHIVES
Since 1st March, 1999
 
THE TELEGRAPH
 
 
CIMA Gallary
Business Briefs

Sop for hotels

New Delhi, Jan. 21: The Reserve Bank has allowed firms owning hotels to prepay loans out of external commercial borrowings. “It has been decided to include Indian companies in the hotel sector with a total project cost of Rs 250 crore or more, irrespective of the geographical location, as eligible borrowers under this scheme,” the RBI said.

Cairn profit

New Delhi, Jan. 21: Cairn India has reported a 48 per cent rise in profit in the third quarter at Rs 3,345 crore despite a fall in oil price realisation. Consolidated net profit stood at Rs 2,261.93 crore in the corresponding quarter last year.

Bank outlook

Mumbai, Jan. 21: Global ratings agency Moody’s today said it had a “negative” outlook on the country’s banking system because of concerns over asset quality and high interest rates. “In India, impaired loans are yet to peak among public sector banks,” Moody’s said in its Asia-Pacific Banking Outlook.


 
 
" "