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BUSINESS
FM tells bankers to revisit interest rates
Solution to stimulate demand in auto, paper industries

BUSINESS
Reliance Power to go in for $6 b syndicated loan
To create a total capacity of 24,200 MW

BUSINESS
MRF turnover crosses Rs. 5,000-cr. mark
Robust demand contributes to healthy top line; company plans two greenfield plants

Other Stories



Barometer


Briefly
Forex reserves up $12 billion
MUMBAI: Foreign exchange reserves shot up by a whopping $11.871 billion to $247.762 billion for the week ended September 28, the Reserve Bank of India said on Friday. ...

Inflation rate rises to 3.42 p.c.
NEW DELHI: Higher prices of manufactured items and some food articles such as vegetables and barley pushed up the inflation rate to 3.42 per cent during the week ended September 22, against 3.23 per cent in the previous week. ...

PGCIL lists with premium
MUMBAI: Power Grid Corporation of India Ltd. (PGCIL) on Friday got listed at Rs. 85 on the Bombay Stock Exchange with a premium of 63.46 per cent over its issue price of Rs. 52. The scrip touched a high of Rs. 109.40 during intra-day trading ...

Export norms for spices eased
NEW DELHI: The Union Government on Friday relaxed the period of export obligation for spices import to 120 days for pepper, cardamom and chilly and to one year for other spices. ...

Financial Tech to offer GDRs at $9.88
Financial Technologies, technology solutions provider for capital, commodities, forex and debt markets, on Friday said it had priced the global depository receipts at $9.88 each for its $115 million issue. ...

BoI may dilute 5 p.c. Govt. equity
NEW DELHI: Bank of India may come out with a public issue to raise fresh equity and dilute five per cent of the Government equity, Chairman and Managing Director, T. S. Narayanasami, told reporters here. ...

i-flex buys out Castek
HYDERABAD: i-flex Solutions has acquired 100 per cent stake in the Toronto-based Castek Software, a Canadian provider of core insurance-business processing systems for insurers. In a press release, MD and CEO, i-flex, N. R. K. Raman, said ...

Indian Bank revises FCNR (B), NRE rates
CHENNAI: Indian Bank has revised the interest rates on FCNR (B) and NRE deposits with effect from October 1. According to a bank release, the rate for FCNR (B) deposits in U.S. dollar has been fixed at 4.15 per cent for one year and above but ...

Central Bank’s festive season offer
MUMBAI: Central Bank of India has reduced the interest rates by 50 basis points on loans for the festive season. The rates are effective from October 1 to December 31, 2007, says a release. The rate for home loans will range from 9 per cent to ...

NetXcell raises $1 m
HYDERABAD: The Hyderabad-based NetXcell, a B2B company in the telecom application services space, has announced that it had raised $1 million in its first round of venture capital funding. At a press conference here on Friday, Executive ...




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