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Consumer borrowing rose $19.3 billion in December
Americans accelerated their borrowing in December for the second straight month, running up more credit card debt and taking out loans to buy cars and attend school.Consumer borrowing rose by $19.3 billion in December after a $20.4 billion gain in November, the Federal Reserve said Tuesday. The two increases were the biggest monthly gains in a decade.Total consumer borrowing is now at a seasonally

Interest costs hurting oil marketing companies

IOC, BPCL, HPCL hit by rising working capital needs that have led to a combined borrowing of Rs 110,000 crore. Delay in government compensation and inability to raise prices are not the only dragging

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Bengal set to breach FRBM limit, to go for additional borrowing

If muddled finances is a consideration, then West Bengal can hardly afford a scuffle with the Centre. The state is set to breach its Fiscal Responsibility and Budget Management (FRBM) Act limit soon,

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RBI eases foreign borrowing norms for smaller players

In a move to liberalise foreign borrowing norms for smaller firms, the Reserve Bank of India (RBI) has reduced the minimum maturity period for external commercial borrowing (ECB) up to $20 million

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India Inc raises $1.6 bn via ECBs in Nov 2011

India Inc raised raised $ 1.6 billion via external commercial borrowings (ECBs) in November, 2011. According to the Reserve Bank of India (RBI), the ECB borrowing dipped by $900 million as against

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No negative impact of extra govt borrowings

India Inc is not afraid of being crowded out of the corporate bond market despite the government's announcement of extra Rs 40,000 crore of borrowings in this financial year. In fact, the arrangers

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