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  • Job markets, banks in the dock 28 Nov 2009 05:31 GMT
    ... to be affected, leading among them are banks, though the real impact will only be ... job markets in the UAE,” he said. Real estate firms who have invested heavily in the Gulf ... operations in the UAE, it appears that Bank of Baroda (BoB) with a network of ...

  • Banks bear brunt of selling in Asia 28 Nov 2009 11:30 GMT
    ... Banks and builders bore the brunt of selling ... for HSBC declined to comment. The London-based bank may have assets of around $9,7 billion ... shares in DLF, the country’s biggest listed real estate firm, fell as much as 8%. ...

  • India see little impact of Dubai World woes 28 Nov 2009 05:31 GMT
    ... among the largest conglomerates in the region. "India is a very large economy. It is ... economy. I don't think some development in real estate in Dubai will have an impact on the ... told IANS. Former governor of the Reserve Bank of India (RBI) Y.V. Reddy, though, expressed concern ...

  • Dubai loan portfolio not significant: banks to RBI 28 Nov 2009 00:31 GMT
    ... Indian banks have informed the Reserve Bank of India that their loan books in ... said. Bank of Barodas total exposure to real estate projects in UAE is even less at Rs ...

  • India won't be affected much by Dubai crisis: Pranab 28 Nov 2009 10:30 GMT
    ... of the crisis and its impact on India," Mitra said in a statement in New ... economy. I don't think some development in real estate in Dubai will have an impact on the ... and steel," the minister added. The Reserve Bank of India (RBI), meanwhile, said it would measure ...

  • Dubai world default would have little impact on India, says Anand Sharma 28 Nov 2009 04:31 GMT
    ... have little impact on the Indian economy. "India is a very large economy. It's a ... economy. I don't think some development in real estate in Dubai will have an impact on the ... news agency. Former governor of the Reserve Bank of India (RBI) Y.V. Reddy expressed concern over ...

  • Assessing fallout of Dubai's credit disaster 28 Nov 2009 00:12 GMT
    ... or cancel bond issuances (e.g. Gulf Investment Bank) in the wake of the news. We ... Dubai companies such as DP World, asked banks this week for a standstill agreement as ... sparse oil reserves, built its fortunes on real estate and financial services in recent years, borrowing heavily ...

  • Dubai debt crisis rattles recovery 28 Nov 2009 00:33 GMT
    ... Dubai debt crisis to impact remittances to India, or affect the real estate sector in the country. RBI said ... fallout of the developments, and would ask banks to furnish details of their exposure to ...

  • Darkness in Dubai Inc 28 Nov 2009 01:15 GMT
    ... the company borrowed a huge amount from banks to finance its various projects during the ... billion of debt by expanding in banking, real estate and transportation before the financial markets were hit ... a blow. Stock markets are worried over bank defaults and the big blow to Dubai's ...

  • Dubai debt crisis upset Indian market sentiments... 28 Nov 2009 11:31 GMT
    ... runs 49 ports around the world, and real estate developer Dubai World is the conglomerate ... had placed the ratings of four Dubai-based banks on negative outlook due to their exposure to ... Alex Mathews, head of research, Geojit Financial Services, commenting on the impact of Dubai debacle ...

  • Indian Stocks Fall; Ranbaxy, Sun Pharma Up 28 Nov 2009 00:13 GMT
    ... traded lower on the worries that Indian banks may have exposure to the loans that ... exposure, according to data available at the Bank of International Settlements and Emirates banking industry ... Friday it has no exposure in the real estate sector in Dubai. Siemens Limited decreased 5.9% to ...

  • Is Dubai a Financial China Syndrome? 28 Nov 2009 13:31 GMT
    ... be there to bail out its extravagant real estate ventures. The , though, is not just about ... emerging markets and even European and American banks that had lent Dubai money.” Indeed, analysts ... quite easily. In more foreign news, a bank in Kazakhstan has lost billions of dollars, ...

  • Sebi eases norms for raising funds 28 Nov 2009 00:52 GMT
    ... Policy and Planning (DIPP) and the Reserve Bank of India to raise the fund through ... are raised from foreign institutional investors and banks and companies have the option to either ... providers, has planned to venture into the real estate sector. Jai Prakash Aggarwal, CMD of the company, ...

  • Dubai crisis: No need for panic, says Pranab 28 Nov 2009 10:11 GMT
    ... of the crisis and its impact on India," Mitra said in a statement in New ... economy. I don't think some development in real estate in Dubai will have an impact on the ... and steel," the minister added. The Reserve Bank of India (RBI), meanwhile, said it would measure ...

  • Dubai World woes don't warrant panic: Mukherjee 28 Nov 2009 10:12 GMT
    ... of the crisis and its impact on India,' Mitra said in a statement in New ... economy. I don't think some development in real estate in Dubai will have an impact on the ... and steel,' the minister added. The Reserve Bank of India (RBI), meanwhile, said it would measure ...


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