Mumbai, Feb. 2: The Reserve Bank of India has directed banks to fix a limit on the unhedged exposure of companies on the basis of a policy approved by its board. The apex bank has also asked lenders to evaluate risks from unhedged foreign currency exposure of companies while extending credit facilities to prevent the adverse impact of volatile forex market movement on corporate houses and banks.
New Delhi, Feb. 2: A panel of ministers will be meeting again within the next 10 days to finalise stake sale in bluechip company ONGC in the backdrop of the new guidelines by market regulator Sebi.
New Delhi, Feb. 2: Finance minister Pranab Mukherjee has said he is exerting pressure on revenue officials to improve realisation as the government is faced with a task of collecting Rs 9.32 lakh crore taxes by March 31.
