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Tuesday, November 09, 2004

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HDFC to raise housing loan rates
HDFC (Housing Development Finance Corporation) will hike interest rates on its home loans after Diwali, according to Mr Deepak Parekh, Chairman. "We plan to raise rates across maturities by 50 basis points next week," he told journalists on ... More

DHL to pick up 68% stake in Blue Dart for Rs 566.5 cr
DHL has announced an investment of Rs 730 crore for the acquisition of a majority stake in Blue Dart Express Ltd, the largest domestic express player. This includes an acquisition of 161.8 crore shares aggregating 68 per cent equity in Blue Dart ... More

Pvt airlines may be allowed to fly around the world
THE winds of the proposed liberalisation in the aviation sector could soon offer more choices to the international air traveller to and from India. The Government is considering a proposal to allow private sector airlines to fly to almost all ... More

Mobiles overtake landlines — Subscriber base crosses 44 m
IT'S official now. The mobile subscribers' base in India has crossed that of fixed-line numbers to touch 44.5 million users as of October 2004. Close to1.5 million new subscribers were added in the month, helping the overall base to overtake the ... More

Govt favours 100 pc FDI in pension sector
THE Government favours allowing 100 per cent foreign direct investment in the pension sector. ``We will pitch for 100 per cent FDI,'' the Joint Secretary (Capital Markets and Pension), Mr U.K. Sinha, said on the sidelines of a seminar on ... More

GE sells 60% stake in BPO arm for $500 m
IN a bid to focus on its core businesses, General Electric on Monday announced its decision to offload 60 per cent stake in its BPO operation — GE Capital International Services (GECIS) — to leading private investment firms General ... More




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