IMF predicts a slower growth rate for India

NI Wire,    Wed, 18 Mar 2009
The International Monetary Fund (IMF) has projected a slower growth rate for India in the fiscal year 2008-09 and 2009-10 to 6.25% and 5.25% respectively as against the government estimation of 7.1% and 6.5-7%.

LIC Housing Finance cuts interest rates by 0.75%

NI Wire,    Tue, 17 Mar 2009
LIC Housing Finance (LICHF), the second largest home loan lender in India after Housing Development Corporation Limited (HDFC), has announced to cut the interest rates on all existing home loans

RIL to reopen fuel retail outlets

NI Wire,    Mon, 16 Mar 2009
Reliance Industries Ltd. (RIL) is reportedly going to reopen its petrol pumps from today to restart its fuel retailing business after almost a year.

RCom launches fastest net service 'Broadband Plus'

NI Wire,    Fri, 13 Mar 2009
Reliance Communication (RCom) on Thursday launched a new wireless broadband service 'Reliance Netconnect Broadband Plus' that promises a downlink speed of up to 3.1 mega byte per second (MBPS) and uplink speed of up to 1.8 Mbps.

SEBI proposes relaxation in rights issue norms

NI Wire,    Fri, 13 Mar 2009
In a move to encourage the companies to raise their capitals through rights issues and accelerate its compilation process, the Security and Exchange Board of India (SEBI) on Thursday issued a discussion paper seeking

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