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London Interbank Bank Offered Rate

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GAIL, BPCL get better overseas loan rates

 GAIL India and Bharat Petroleum Corporation, are cashing in on their status quo after the new government put the two public sector undertakings off the divestment list.The companies are using their......

Large companies may have to pay more

 Cost of funds may come down for small and medium enterprisesand go up marginally for large companies once the new rules for pricing loans kick in from April 1. The new rules will make pricing of......

Five global banks to pay $5.7 bn in fines over rate rigging

 The $5.7 billion total includes $1.6 billion in fines separately imposed by the US Federal Reserve on the five banks. Five of the world's largest banks, including JPMorgan Chase & Co and Citigroup......

Barclays CEO resigns on interest rate scam

 Barclays Plcon Tuesdaysaid its chief executive officer Bob Diamond has resigned with immediate effect after increasing pressure to step down following global interest rate manipulation scandal.The......

Demand drives banks' overseas fund-raising

 Robust demand from mid and small-sized Indian companies is driving the fund raising exercise by public sector banks from overseas.Because of lower ratings, these companies would have to pay higher......

Glazer to delist Man Utd by June 22

 US tycoon Malcolm Glazer plans to delist Manchester United Plc as early as June 22 as part of his 790 million pound ($1.5 billion) takeover of the British soccer giants, his bankers said on......

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 The Bharatiya Janata Party was on Thursday poised for a landslide victory in Gujarat to retain...
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