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Rates linked to loan tag
Finance minister P. Chidambaram today said short-term interest rates on loans for “productive purposes” would remain stable. On the flip side, bankers say there are signs that personal loans could turn costlier. ...  | Read.. 
 
Dena first to open no-frills account
State-owned Dena Bank today announced a scheme where customers can open a savings bank account with an initial balance of Rs ...  | Read.. 
 
Cap on stake sale in airlines
State-run carriers Air-India and Indian Airlines can offload up to 20 per cent stake by way of initial public offers, which ...  | Read.. 
 
Patni ready for flotation abroad
Patni Computer Systems Ltd has filed a registration statement with the US Securities and Exchange Commission (SEC) for ...  | Read.. 
 
Ranbaxy to launch 15 drugs in US
Ranbaxy Laboratories Ltd has lined up a slew of launches for the US market over the next two years. It is planning to in ...  | Read.. 
 
Finance minister P. Chidambaram in New Delhi on Friday. A Telegraph picture
 
 
Potion for tea gardens to take time
The Rs 4,800-crore package to revive tea gardens is likely to be delayed as the Planning Commission..  | Read.. 
Montek sure of high growth
Planning Commission deputy chairman Montek Singh Ahluwalia today said it was feasible to attain an ..  | Read.. 
 
Power-packed plan for states
The Centre has directed the Planning Commission to explore ways of giving incentives to state g..  | Read.. 
 
Private status for UTI Mutual
(PTI): UTI Asset Management Company, India’s largest mutual fund, today became a private c..  | Read.. 
 
Shalimar seeks foreign ally in industrial paints
Shalimar Paints Ltd is planning to tie up with global players in niche areas of industrial pain..  | Read.. 
 
Volcker-hit cos get a boost
Company affairs minister P.C. Gupta today said Indian firms named in the Volcker report do not ..  | Read.. 
 
Piramyd issue priced at Rs 120
Piramyd Retail Ltd has fixed the issue price of its initial public offering at Rs 120 per share..  | Read.. 
 
Yellow metal hits new high at Rs 7265
Gold rallied further on the bullion market here today and ended at a new high of Rs 7,265 per 10 gr..  | Read.. 
 
AROUND THE GLOBE
Cisco close to mega deal
Cisco Systems Inc, the Internet equipment provider, plans Friday to announce the acquisition of..  | Read.. 
 
Disney fourth-quarter income drops 27%
The Walt Disney Co reported advertising gains for the quarter at its ABC and ESPN networks, but..  | Read.. 
 
Cutbacks weigh on Hewlett earnings
Hewlett-Packard reported Thursday that its quarterly net income declined sharply because of exp..  | Read.. 
 
GE divests insurance unit
General Electric Co on Friday forecast sharper earnings growth for 2006, boosted its dividend and s..  | Read.. 
 
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