Business

VSNL has been buzzing in anticipation that the company is close to selling its property in Pune, Kolkata, Delhi and Chennai.

With the new connectivity deal, call tariffs to China would fall by about 55 per cent and cost Rs 8 per minute.

Heavy profit-booking shaved-off 1.54 per cent from the Bombay Stock Exchange (BSE) Sensex, which crashed by 138.30 points to 8,823.31 points.

The investment roadmap also has a provision for setting up a $250 million venture capital fund in India.

While trade unions demand 9.5 per cent interest, the board says it cannot pay more than 8 per cent to its subscribers.

Finance Minister P Chidambaram has said that competitiveness, consolidation and convergence will strengthen the banks.

IDBI becomes one of the first banks to hike home loan rates but borrowers can relax as HDFC and ICICI rates remain stable.

Organised retailing in India is a budding industry and pilferage is growing menace.

RBI governor Yaga Venugopal Reddy has said that India's growth outlook has improved but global imbalances pose risks.

Prices settled at $100.01 a barrel on the New York Mercantile Exchange.