The global financial crisis is also having an impact in India with the index for industrial production (IIP) numbers for August at a mere 1.1 per cent as opposed to the over 10 per cent in August last year. At the opening bell on Friday, the Sensex and the Nifty hit two-year lows and the Union Finance Minister P Chidambaram stepped in to allay fears.
ICICI's statement came after its share price was hammered.
http://www.ibnlive.com/news/dont-panic-we-are-financially-sound-says-icici/75542-7.html
Sources say he cancelled his visit to tackle situation arising out of the global financial crisis.
http://www.ibnlive.com/news/wary-of-financial-crisis-chidambaram-cancels-us-visit/75535-7.html
Finance Minister P Chidambaram on Friday promised to address liquidity.
http://www.ibnlive.com/news/fm-sends-sos-to-top-bankers--rupee-tanks--rbi-cuts-crr/75507-7.html
Chidambaram is expected to address both IMF and World Bank.
http://www.ibnlive.com/news/fm-joins-imf-rescue-team--asian-markets-plummet/75487-7.html
Union Cabinet meets to discuss global financial crisis.
http://www.ibnlive.com/news/your-money-safe-fm-tells-india--investment-advice/75351-7.html
UPA govt's economic managers promise liquidity to investors.
http://www.ibnlive.com/news/chidambaram-says-dont-panic-montek-chimes-in-too/75338-7.html
Gen Deepak Kapoor says things were played incorrectly.
http://www.ibnlive.com/news/no-differences-with-govt-on-pay-panel-army-chief/74543-3.html
The panel will be headed by External Affairs Minister Pranab Mukherjee.
http://www.ibnlive.com/news/ministerial-panel-to-consider-forces-concerns-over-pay/74493-3.html
Prices of rice, wheat decline among 98 other articles.
http://www.ibnlive.com/news/inflation-remains-unchanged-at-1214-per-cent/74324-7.html
Export restrictions were levied this year to fight inflation.
http://www.ibnlive.com/news/govt-may-withdraw-export-restriction-on-rice/74099-7.html
He clarified that if there is credit crisis, the government will step in.
http://www.ibnlive.com/news/india-insulated-from-us-crisis-chidambaram/73849-7.html
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