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Indian NBFCs – Impact of Global Crisis on Indian NBFCs
Global credit crisis followed by increase in interest rates in October and November 2008 resulted in widespread crisis of confidence. Chain of events after the collapse of Lehman Brothers is still fresh in the minds of investors. Non-Banking Finance Companies (NBFCs) in India were severely impacted due to economic slowdown coupled with fall in demand for financing as several businesses deferred their expansion plan.
Is Boeing Trying to Break and Bust the Unions to Bolster Its Budget?The CEO of Boeing has announced that it will move its secondary 787 plant to South Carolina, which seems to have many in the Union fried and fit to be tied. Although the move was somewhat unexpected by financial analysts in the aerospace sector, it should not be too surprising considering the incentives they’ve gotten there. And there are a good many of highly qualified folks there ready for work, and tired of being laid-off.