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The Hongkong and Shanghai Banking Corporation Limited (HSBC) is expecting to have additional 100 SME clients in their portfolio in factoring finance this fiscal (2010-11).

Chennai-based Sundaram Finance group Friday ruled out entering the banking sector and said it will continue with the mutual fund business with or without a partner.

ISLAMABAD: The government on Monday approved, in principle, the New Gwadar International Airport project at a cost of Rs55.4 billion, about 147% higher than the first revision, and also sanctioned a reduction in the scope of an important Gwadar road scheme. The decisions were taken by the Central Development Working Party (CDWP) - a body having the mandate to scrutinize and approve development schemes and refer the mega ones for final ratification of the Executive Committee of National Economic Council (Ecnec). Planning Commission Deputy Chairman Jehanzeb Khan chaired the CDWP meeting. The CDWP took up the New Gwadar International Airport project, which would be built with the help of Pakistan government funds and a Chinese grant of 1.52 billion yuan or Rs34 billion. The total cost of the project is Rs55.4 billion. The new Gwadar airport is considered important for the development of Gwadar Port and its free zone. The Ministry of Planning is now gradually taking back the control of the China-Pakistan Economic Corridor (CPEC) after the CPEC Authority law lapsed four months ago. The government has also brought back Hassan Dawood Butt to handle affairs in the next CPEC Joint Cooperation Committee (JCC) meeting. JCC is scheduled to meet this month and will take important decisions on the future roadmap of the multibillion-dollar strategic bilateral initiative. Butt had earlier been the deputy project director of the CPEC support project but moved to Khyber-Pakhtunkhwa Board of Investment. The original Gwadar airport project had been approved at a cost of Rs7.5 billion in 2010 and the revised one was cleared in 2015 at a cost of Rs22.2 billion. The CDWP approved the second revision on Monday with a cost of Rs55.4 billion, higher by Rs33 billion or 147% than the 2015 cost. A key reason behind the increase in cost was that the new plan was based on a detailed design of the project. The CDWP directed the Civil Aviation Authority (CAA) to review the possibility of c

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The government will borrow USD 64 billion in the first half of the 2010-11 financial year, Finance Secretary Ashok Chawla said on Monday.

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The credit-deprived Small and Medium Enterprises (SMEs) is likely to benefit from the concept factoring services as it would be an alternative window for SME financing in India.

Finance Minister Pranab Mukherjee on Thursday justified the hike in excise and customs duties on crude oil and petroleum products because of the global situation and said he had taken a "correct" stand by not touching retail prices.

China is likely to see the first case of a default by a local government financing vehicle this year, said Zhang Zhiwei, chief China economist with Deutsche Bank AG. "The sooner the default happens, the better it is for investors ... as it could improve the pricing of risky assets and help policymakers solve the high financing costs in the market," Zhang said during a news conference in Beijing on Monday. Contact Us If you have further queries, don't hesitate to contact us at anytime, anywhere by simply visiting our website www.ono-bbb.net, or calling Hong Kong hotline at 852-25283382 or China hotline at 86-755-82352600, or emailing to tannet-solution@hotmail.com

The finance assignment is being developed for the study of the different risks and their impact on the financial decision of Altrex about the investment in the new areas or not.

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Nirmala Sitharaman, the Minister for Commerce and Industry said today while addressing the Karnataka BJP Women's Executive Meeting, that her Ministry has recommended to the Ministry of Finance to raise tax holiday for start-ups from 3 years to 7.

In the present recessive stage, where financial conditions of a person restricts from discussing and evaluating such matters for any good reason, finance forums would be the ideal place to land. No wonder, people getting annoyed and frustrated after they hear any ear-splitting, disturbing news about the prevailing market depression, newly filed bankruptcies, financial crises and insolvencies of corporations as well as individuals.

The government raised the exports duty on iron ore lumps to 15 percent from 10 percent previously, Finance Minister Pranab Mukherjee said while presenting the Finance Bill for 2010-11 on Thursday.

Wolfgang Schaeuble and Bruno Le Maire the finance ministers of Germany and France agreed on Monday to strengthen the euro zone, leas

Here is the list of best nbfc stock in India to buy in 2024 are: 1). Bajaj Finance Limited, 2). Muthoot Finance Limited, 3). Shriram Finance Limited, 4). Indian Railways Finance Corporation Limited

The US President Barack Obama urged the Senate on Thursday in Washington to pass a massive financial reform bill that would place new regulations on Wall Street designed to prevent the risky practices that sparked a worldwide economic downturn two years ago.

Reiterating that the India will return to a nine percent growth soon, Finance Minister Pranab Mukherjee Tuesday urged the student community to serve at home and not leave the country for greener pastures.

Indian banks do not chase hot money and hence, don't fall prey to asset bubble, said Finance Minister Pranab Mukherjee on Sunday in Murshidabad district, West Bengal.

Hoping that India's growth rate would climb back to between 8.25 and 8.75 percent in 2011, Finance Minister Pranab Mukherjee Saturday indicated that the government might withdraw some of the stimulus measures announced during the economic meltdown.