HDFC slashes home loan rates
Housing Development Finance Corporation (HDFC) on Tuesday slashed interest rates on all home loans between 75-25 basis points (three quarter to one quarter of a percentage point) and merged four loan slabs into one.

RBI mops up $500 million from forex market to inject liquidity
The Reserve Bank of India (RBI) has mopped up $400-500 million from the forex market in the first week of March. The `sterilisation exercise' has infused over Rs 2,100 crore into the system bringing down the call rates to 9.75% on Tuesday while the bond prices remained range bound.

CGU of UK sets sights on general insurance sector, eyes rural market
The UK-based CGU Insurance, which has a joint venture with the Delhi-based Hindustan Times for the life insurance operation, has identified the domestic rural market as a major business segment.


  Government to amend Trade Unions Act
  Executive Briefing
  ED plans action against Vijay Mallya for Fera violation
  State to step up duty on commercial consumers by 1%
  Deutsche Bank, Dresdner confirm advanced talks on `cooperation'
  Germany backs Horst Koehler for IMF top job
  Court declines to issue process against Harshad Mehta, 2 others
  Bank of Japan may retain zero rate policy
  Market Round-up
  FIs' lendings rise 17.2% during April-December
  Briefing