Mumbai: India’s Housing Development Finance Corp (HDFC) is planning to raise Rs145 core through three-year bonds at 9.80%, a source with direct knowledge of the matter told Reuters on Tuesday.
First Rand Bank is the sole arranger to the deal, the source said.(Reuters)
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Govt hopes March end inflation at 6.7%
New Delhi: Finance minister Pranab Mukherjee admitted that more needs to be done to get desired outcomes on inflation control, hoping it will come down to 6-7% by March end.
“...while there has been a steady improvement in the inflation situation in India, there are important tasks ahead to be undertaken to get the desired outcomes,” Mukherjee said in a suo-motu statement on inflation in Lok Sabha. (PTI)
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Anna seeks industrialists’ help to develop 100 model villages
New Delhi: Returning to blogging a fortnight after he fell out with his former blogger, Anna Hazare on Tuesday invited industrialists with “good character” to help in developing 100 model villages to fight corruption.
Recalling that some business leaders had financially supported Mahatma Gandhi, he said, “To create model villages, we will also have to involve such industrialists, who are willing to serve the country and are of good character.” (PTI)
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Russia says new US sanctions on Iran unacceptable
Moscow: Russia dismissed new US sanctions targeting Iran’s financial and energy sectors as “unacceptable” on Tuesday and said they would hurt the chances of renewing talks with Tehran over its nuclear programme.
A sharply worded Russian statement underscored Moscow’s longstanding opposition to sanctions beyond those endorsed by the United Nations Security Council, where Russia holds veto power as a permanent member. (Reuters)
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‘S.Korea parliament ratifies trade pact with US’
Seoul: South Korea’s parliament, controlled by ruling conservatives, ratified the country’s free trade deal with the United States on Tuesday, Yonhap news agency said.
The session met behind closed doors. The ruling Grand National Party, with a majority in the unicameral assembly, voted to approve the deal, which has broad public support, a month after the US Congress passed it and President Barack Obama signed it into law. (Reuters)