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India and Japan sign new $15bn currency swap agreement

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India and Japan have signed a $15bn (£9.7bn) currency swap agreement as the two nations seek to boost financial co-operation.

It will see them swap currencies for US dollars and tap into each other's foreign exchange reserves to ease any liquidity problems.

Readmore..... Friday, 30 December 2011 04:41
 
   

Tech Mahindra Q2 net up 60 pct, warns on Europe

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Tech Mahindra, India's fifth largest software services firm, reported a 60 percent rise in net profit for the quarter to end-September, but cautioned on falling European spending, adding lower revenue from its top client hit margins.

Readmore..... Friday, 30 December 2011 04:33
 
   

Washington Begins Building Its Part of the West Coast Electric Highway

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Washington has started building its segment of the West Coast Electric Highway, a series of electric-charging stations that will extend along I-5 from the bottom of California to the top of Washington. Officials celebrated the ground breaking for the state’s first public DC fast-charging station in Bellingham, Wash., on Wednesday.

Readmore..... Friday, 30 December 2011 04:23
 
   

AI to issue Rs 7500cr worth of shares to its bankers

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A proposal to issue preferential shares worth Rs 7,500 crore to Air India's lenders was approved by its Board today, as the national carrier saw significant rise in its yields and passenger revenue.

Readmore..... Friday, 30 December 2011 04:13
 
   

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