Saturday, November 24, 2012

European banks urge one-yr delay for Basel III rules

European banks urge one-yr delay for Basel III rules


European banks urge one-yr delay for Basel III rules

Posted: 24 Nov 2012 07:02 AM PST

European banks have asked the European Commission to postpone the introduction of tougher global bank capital rules by a year to 2014 after U.S. regulators told lenders they did not expect the new regulations to take effect in 2013.


Centre can consider 20-yr term loan: Amit Mitra

Posted: 24 Nov 2012 06:33 AM PST

West Bengal government, reeling under a massive debt burden, today suggested the Centre could consider a term loan of 20 years, debt restructuring and a 3-year moratorium on interest payment to help the state tide over its financial problem.


Economy probably grew 5.5% in Q2: Chidambaram

Posted: 24 Nov 2012 04:47 AM PST

India's economic growth probably languished near a three-year low of 5.5 per cent in the quarter that ended in September, finance minister P. Chidambaram said on Saturday, a pace that will increase the pressure on the government to enact tough reforms.


India defends its IKEA rebuff

Posted: 24 Nov 2012 04:37 AM PST

A top government official on Saturday defended India's decision to permit IKEA to sell only furniture products in the country, curtailing the Swedish retailer's investment plans in a fast growing consumer market.


World's largest Audi showroom opens in Dubai

Posted: 24 Nov 2012 12:58 AM PST

The showroom has 57 Audi vehicles on display and is the largest Audi showroom in terms of new cars on display in the world.


Some consolidation in banking space inevitable: FM

Posted: 24 Nov 2012 12:24 AM PST

l Stating some consolidation in the banking system was inevitable, finance minister P Chidambaram on Saturday said India must have two or three world size banks.


Pay 5 paise per SMS to Vodafone, Aircel told

Posted: 23 Nov 2012 04:44 PM PST

The telecom disputes tribunal on Friday directed Aircel to pay SMS termination fee of 5 paise per message to Vodafone till the matter is finally resolved by it.

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