Financial Express - India's leading business newspaper from the Indian Express Group

On second thoughts, Yashwant Sinha worries about economic slowdown

Finance Minister Yashwant Sinha is convinced that critical sectors of the economy are slowing down and has agreed to meet industry leaders again within a week for concrete action to arrest the slide.

SBI millennium bond issue eyes over $2 billion

State Bank of India's 8.5% IMD, a five-year foreign currency denominated deposit is targetting over Rs 9,000 crore ($2 billion) to be mobilised from Non-Resident Indians and overseas corporate bodies except in the US.

Policy may dwell on refinance, export due surcharge

Mint Road hogs the limelight again. Notwithstanding RBI Governor Bimal Jalan's statement that this year's mid-term monetary review will be a routine affair, a few moves on refinance and export-due surcharge may well be on the cards.

Rupee to decline in coming months -- IEG

The value of the rupee against the dollar is likely to decline further in the coming months and may touch a level of Rs 46.54 by December 2000 following the pressure due to increase in oil prices and the high import bill, a study says.

General Motors, Fiat Spa to enter takeover talks with Daewoo Motor

The world's largest automaker, General Motors, said on Monday, it and partner Fiat Spa would enter into talks to buy assets of South Korea's troubled Daewoo Motor and its related companies.