After HDFC and ICICI Bank, the country's largest bank, State Bank of India (SBI) has hiked home loan rates by 50 basis points and interest on deposits by 25-50 basis points. More

India has rejected a proposal from Mauritius for a free trade agreement (FTA) due to apprehensions that it could turn into a channel for goods More

Infosys Technologies surprised the bourses by issuing 16m American Depository Shares (ADSs), which, as per latest quotes on the Nasdaq, is worth $1.05bn. More

Causing ripples of apprehension in the IT industry, the Supreme Court has ruled that off-the-shelf computer software is liable to tax under the provisions of the Sales Tax Act. More

Foreign funds are making a beeline for the Indian stock market. Close to 50 FIIs have registered with Sebi over the past three months. More

Riding on a sudden spurt in inflow of short-term funds from high-networth individuals (HNIs)and private funds, banks are reducing the interest rates on short-term deposits. More

Indian professionals wanting to pursue careers abroad will get qualitatively improved offers by May '05 from the US and other developed countries More

The state government, in a measure to encourage wine producers, has waived the excise duty, currently levied at a rate of 50% of the manufacturing cost, More

British telecom firm Cable & Wireless (C&W) said it would invest $10 million in expanding its Indian operations over the next 18 months. More

Intel Inside" will soon spell "designed in India". Having just beaten Israel to emerge as Intel's largest design centre outside the US More

Maruti Udyog has decided to cut Zen and WagonR prices in the Rs 8,000-13,000 range across India. More

Domestic office automation giants Gestetner India and Ricoh India announced their merger into a single entity. More

Microsoft is rolling out trials for developing a low-cost Windows XP edition in India in a couple of months. More

Foreign Investment and Promotion Board(FIPB) has put a spoke in liquor major Pernod Ricard's plans to merge United Agencies (UAL) with Seagram India. More

Vedanta Resources, the London-listed metals and mining group, has announced the acquisition of the 51% controlling stake in Konkola More

Domestic companies with a global footprint are finding better valuations overseas than on home turf. Polyplex Corp, the fifth-largest manufacturer More