| From Business-standard.com: Indian real estate and other manufacturing companies have stepped up borrowings through issuances of commercial papers (CPs) after the country’s central bank injected liquidity by cutting cash reserve ratio and as banks continue to shy away from extending loans.
Cash-strapped real estate firms are resorting to short-term borrowings of funds to complete ongoing projects as the economic slowdown has virtually halted demand for properties, freezing cash flows..... Full Article: Source
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