If you are looking for a bank loan to purchase a house, or even a car, you may need to get your credit worthiness — which shows your loan repayment capacity — assessed by more than one rating agency.
Jet Airways, one of the India’s first private airlines, and its promoter Naresh Goyal were till recently celebrated as the poster boys of the Indian aviation industry.
Flipkart, India’s largest e-commerce marketplace, on Saturday announced a US $700 million (Rs 4434 crore) investment even as 2014, the year that has seen huge fund flow into India’s rising consumer internet industry, is about to end.
India’s economy is likely to grow at 5.5% this year though private investments haven’t shown real signs of picking up yet, a finance ministry report said on Friday, even as it hinted that the Reserve Bank of India was unlikely to cut interest rates before March.
Markets rallied for the second consecutive day on Friday as investors cheered the government’s estimate of 5.5% economic growth in 2014-15 amid strong global cues. A rally in IT stocks after Accenture Plc raised its revenue forecast for the current fiscal also boosted sentiment.
A clutch of investors lead by former director and co-founder Ajay Singh is set to pick up a significant stake in the embattled SpiceJet, leading to an immediate capital infusion of Rs. 1200-1500 crore in the budget carrier that is staring at a shut down.