Tag: Financial Crisis

Unitech plans sale of assets to raise funds

In a bid to tide over the current financial crisis, Unitech, the second largest real estate developer in the country, is planning to raise money by selling some of its assets, such as hotels and commercial real estate. The company, which currently has a debt of Rs 8,200 crore, is also planning to rope in […]

Chidambaram asks US, Europe to ‘set their house in order’

Finance Minister P Chidambaram has asked the US and Europe to “set their house in order” to reverse the impact of the financial crisis on economies worldwide and help capital to flow back to developing nations. “If they (US and Europe) set their house in order, surely capital will flow back to developing countries credit […]

Current Fiscal FDI may miss target by 10 Billion Dollars

The foreign direct investment to the country may miss the current fiscal target by as much as $10 billion in the backdrop of a global economic slowdown and the US financial crisis, CEOs said in a survey. In a survey of CEOs by industry body Assocham, majority said India could optimally receive about $25-26 billion […]