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India, Japan to sign currency swap pact soon
Abe reiterates commitment to assist infrastructure projects

Tata Group emerges largest taxpayer
Reliance Industries (Mukesh Ambani Group) comes second

Sub-prime crisis not to hit banks
RBI, NHB have taken pre-emptive measures

Sensex rebounds
MUMBAI: The benchmark Sensex on Wednesday rebounded by 260 points on emergence of buying by funds in a roller- coaster ride caused by concerns of a mid-term poll following a political stalemate. Swinging in a range of 14281.48 and ...

Other Stories



Briefly
Dubai group plans subsidiary
NEW DELHI: The UAE-based multi-billion dollar business conglomerate SS Lootah Group on Wednesday announced its foray into India by unveiling its plan to open a wholly-owned subsidiary, SS Lootah International, this year. The subsidiary signed ...

GAIL to infuse fresh equity in Dabhol
NEW DELHI: GAIL (India) will infuse an additional Rs. 475 crore equity in Dabhol power project to help the beleaguered unit complete the construction of an attached liquefied natural gas terminal. It currently holds 28.33 per cent in Ratnagiri ...

Wipro to set up centre in Egypt
BANGALORE: Wipro will set up a development centre in Egypt targeting IT export services for the Middle-East and global markets. It would provide software development, integration and consulting services from this centre, a company statement ...

Central Bank raises term deposit rates
CHENNAI: Central Bank of India has revised interest rates from August 21. The new rates are: 7.25 per cent for 180 days to less than one year against 6.75 per cent; 8.25 per cent for one year to less than two years (7.25 p.c.); 8,50 per cent ...

GAIL CMD gets Distinguished Fellowship award
NEW DELHI: The Chairman and Managing Director of Gas Authority of India Limited (GAIL), U. D. Choubey, on Wednesday received the Distinguished Fellowship Award of Institute of Directors (IOD). The award was presented by N. Gopalaswami, Chief ...

Bids for Krishnapatnam mega project deferred
NEW DELHI: The opening of bids for the 4,000 MW Krishnapatnam ultra mega power project in Andhra Pradesh has been deferred for three weeks by the Union Power Ministry, leading to further delay in the commissioning of this crucial ...

ING Vysya launches ‘PayMate’
CHENNAI: ING Vysya has deployed ‘PayMate,’ a mobile payment solution using which customers can pay their insurance premium via SMS, with no additional costs. Currently, this service is available only to Corporation Bank and ...




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