Tuesday, October 5, 2010

Home, auto loans get costlier

Home, auto loans get costlier


Home, auto loans get costlier

Posted: 05 Oct 2010 05:38 PM PDT

Get ready to shell out more in EMIs as banks have begun to raise rates, including prime lending and base rates.

FIIs scale $20bn peak for first time

Posted: 05 Oct 2010 05:48 PM PDT

Net FII inflows for the current year crossed the magic figure of $20 billion on Tuesday even as the country's central bank sounded caution about these unabated flows.

Watchdog pulls up cos for misleading ads

Posted: 05 Oct 2010 05:42 PM PDT

Industry watchdog Advertising Standards Council of India (ASCI) on Tuesday said some television commercials by leading corporates have been withdrawn or modified as they did not abide by its code of conduct.

Telecom users top 700m

Posted: 05 Oct 2010 06:00 PM PDT

Telecom operators in the country added 18.18 million subscribers in August this year, taking the total number of mobile users in India to 670.60 million, Trai on Tuesday said.

MS to offer slate to take on iPad

Posted: 05 Oct 2010 06:02 PM PDT

Microsoft slate to counter Apple's popular iPad tablet computer will be seen by the Christmas holiday, Microsoft's chief executive Steve Ballmer said on Tuesday.

Auto, home loans to go up as more banks hike rates

Posted: 05 Oct 2010 09:01 AM PDT

Auto and home loans will be costlier this festive season as five more lenders including big players like ICICI, HDFC and Bank of Baroda today raised their base rates — below which they can't lend — by up to 50 basis points.

Rupee ends lower by 10 paise vs dollar

Posted: 05 Oct 2010 07:10 AM PDT

The rupee ended lower by 10 paise against the US currency on persistent dollar demand from banks and importers amid weak equity markets.

Govt to hive off 10% stake in SCI

Posted: 05 Oct 2010 01:30 PM PDT

The Cabinet Committee on Economic Affairs (CCEA) on Tuesday gave its go ahead to divestment of Shipping Corporation of India (SCI).

Suspended AI employees to be reinstated: Praful

Posted: 05 Oct 2010 02:08 AM PDT

32 Air India employees, who were suspended after a two-day flash strike in May this year, would be reinstated, Civil Aviation Minister Praful Patel assured CPI(M) leader Sitaram Yechury today.

Nano's open sale in Maharashtra, UP, WB, K'taka

Posted: 05 Oct 2010 02:53 AM PDT

Tata Motors on Tuesday said it has started open sales of its small car, Nano, in Maharashtra, West Bengal, Uttar Pradesh and Karnataka.

Sensex sheds 68 points on profit booking

Posted: 05 Oct 2010 04:24 AM PDT

Cutting short the three-day gains, the BSE benchmark Sensex on Tuesday took a breather and ended 68 points lower.

Satyam scam: Raju quizzed by CBI

Posted: 05 Oct 2010 12:29 AM PDT

The CBI on Tuesday questioned Satyam founder and former chairman B Ramalinga Raju to further probe the multi-crore accounting scam in the IT firm.

Mahindra Satyam doing well, getting contracts: CEO

Posted: 05 Oct 2010 02:29 AM PDT

Asserting that the company is "doing well", Mahindra Satyam CEO C P Gurnani said it is receiving many new contracts, especially from entities in Australia and New Zealand.

US sues American Express, Master, Visa cards

Posted: 04 Oct 2010 09:37 PM PDT

The US Justice Department has filed a law suit against three major credit card companies -- American Express, Masters and Visa -- challenging their rules that prevent merchants from offering consumers discounts, rewards and information about card costs, ultimately leading to consumers paying more for purchases.

Rupee down by 19 paise against US dollar

Posted: 04 Oct 2010 09:28 PM PDT

The Indian rupee weakened by 19 paise to 44.77, against the US dollar in the early trade at the Interbank Foreign Exchange on Tuesday.

Nano to be available at dealerships

Posted: 05 Oct 2010 06:01 PM PDT

Once available only to winners of a lottery, the Tata Nano is now gradually becoming available on spot payment as the company opens up regular bookings in some of the major states, ahead of the festive season.

BoJ cuts rate to near zero

Posted: 05 Oct 2010 06:04 PM PDT

Japan's central bank has reduced key interest rate to virtually zero in a surprise move on Tuesday and is looking to set up a $60 billion fund to buy government bonds and other assets as it tries to inject life into a faltering economy.

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