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Lloyds TSB to raise £13.5 rights issue

Lloyds TSB, one of UK’s largest banks is embarking on a plan to raise £13.5 billion through a rights issue. The size of the share issue is a world record  – and follows in the footsteps of Lloyds’ previous £4billion capital raising in May and £13billion in October 2008. The fact that the bank can raise [...]

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21 Highlights of India’s Union Budget 2008

It has been hailed as a win-win budget by all, barring the few crtitics that are there to find the cons in each year’s financial plan. P. Chidambram has ensured a populist financial plan, with gains galore for the poor and the middle class. Following are 21 highlights of India’s Union Budget for 2008-2009: 1. Changes [...]

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