Tag: Bailout Package

Market awaits policy cues to tide over slowdown

With shrinking industrial production (IIP) numbers for November intensifying fears of a sharper economic slowdown in India, investors are awaiting suitable policy responses. There is an anticipation of second tranche of fiscal sops from the government and additional interest rate cuts by the central bank. In addition to domestic triggers, investors will keep a close […]

Citigroup gets economical support from US government

Citigroup has got US government support of $326 billion, which is roughly equivalent to one-third of the Indian economy. Citi has received US government guarantees of $306 billion, a cover that will help it sell the sticky assets and irrecoverable mortgages on its books, and a $20-billion cash infusion from the US Treasury, which is […]