credit crisis

Dubai, home to the world's tallest tower and the biggest man-made islands, is in a financial crisis. The dream city, where lakhs of expat Indians make a living, is trying to salvage Dubai World, the emirate's flagship in the industrial world, which is struggling to pay back a $ 59 billion loan (around Rs 275,000 crore). Full Article

The credit crisis has exposed weaknesses in many financial intermediaries. How can rating agencies ensure their views are more accurate and unbiased?  Despite due diligence, there is always scope for improvement. Credit rating agencies (CRA) do not carry out a separate audit but takes cognisance of the information available from annual reports, submissions from management, [...] Full Article

The global financial crisis is taking its toll in India’s cities as some despairing investors and stockbrokers seek refuge from their losses and debt in suicide. A wave of financially related deaths over the past month has sparked concerns about the vulnerability of unsophisticated investors and borrowers encouraged by rising markets and easy credit in one of the world’s fastest growing economies. Full Article