Kolkata retail demand down, new projects on hold

About 100 small and large retail and real estate projects in Kolkata are being delayed or defered due to the financial credit crunch. According to analysts and industry insiders, increased retail......

Sub-prime factor: Between a rock and a hard place

It must be kept in mind that monetary policy is only one aspect of public policy. The recent turbulence originating in the US sub-prime market led to rumours (and fear) as far away as Europe, of......

Kotak Mahindra gets banking licence

The Reserve Bank of Indiaon Thursday issued a banking licence to Kotak Mahindra Finance Ltd. This sets the stage for the birth of a new private sector bank after a gap of seven-and-a-half years.The......