Page 570 - Bs Reporter

ICICI Bank increases spread on new home loans by 10 bps

With this change, the interest rate on home loans has come down to 9.65% for new borrowers and 9.6% for women borrowers

Services growth loses steam in September: Nikkei PMI

Firms reluctant to recruit more, price pressures ease

Vistara-CAPA report seeks liberal aviation policies

Opposes regulation of airfares; seeks abolition of the '5/20' rule to fly abroad

Snapdeal commits Rs 1,000 cr as 'capital assist' loans to SMEs

Aims to bring in a million on-board sellers in the next three years

Microsoft brings together start-ups to offer solutions for smart cities

Has identified more than 40 solution areas across eight city domains

Yuvraj's Youwecan Ventures invests in SportyBeans

SportyBeans is children-focused sports programme

Packaging major Uflex parks Rs 1500 cr plant at Sanand

The company will invest around Rs 580 crore in the first phase to set up an aseptic packaging

Bajaj Finance gets nod for housing finance firm

The company had applied for a licence to NHB through its subsidiary Bajaj Housing Finance last year

SBI's $300-mn credit line with Germany's KFW

Funds will be used for on-lending to rural & micro sectors; loan has maturity of 15 years

Risk-based capital to assess solvency: Irdai

The committee, however, says adopting this will take time as it will have to be discussed with insurance sector stakeholders

IGATE CEO Ashok Vemuri quits

IGATE was sold to Capgemini for $4 bn earlier this year

New norms for leadership claims by TV channels

The ratings agency under BARC has drawn up guidelines/principles for fair and permissible usage of data by subscribers

Bankruptcy code to be enabler for banks' growth: Mundra

RBI deputy governor says it will help banks to deal with bad loans instead of delaying its recognition

Sun Pharma to raise Rs 12,000 cr through debentures, QIP route

The funds will be used for expansion and future acquisitions

G-sec limit for foreign investors to be raised to Rs 1,79,500 crore

For state development loans the limit will be enhanced to Rs 7,000 cr by Jan 1 while currently it is nil

CARE downgrades Jaiprakash Power Ventures term loans

The amount of loans involved in this downgrade is Rs 11,885 crore

China's slowdown may not be good news for India: Rajan

He, however, added a further slowdown in China would have a silver lining in that it might lead to more foreign investment into India

IIT council refers fee hike to a committee

Panel to submit a report on fee hike to HRD ministry for a decision on the matter

'Financing sustainable goals to be difficult'

The world economy is still in doldrums coupled with slowdown in developing countries, except in the east, south and southeast regions

7,500 km of BOT highway projects at risk: CRISIL

However, recent govt initiatives, lower interest rates can stem further slippage