AirTel incoming-calls free in Karnataka
AirTel has decided make incoming calls free for its customers from any Airtel cellphone in Karnataka from January 15. ``Come January 15, all incoming calls to AirTel's customers from any AirTel cellphone in Karnataka will be free. All an AirTel customer has to pay is Rs 49 per month to avail of the offer,'' a company release said in Bangaore.

ED carries out `searches' at Shah's premises
Enforcement Directorate (ED) officials on Saturday carried out search operations at the residential and office premises of Bollywood financier Bharat Shah, who is in police custody for his alleged links with the underworld. Officials carried out searches following taped conversation in police custody, indicating transfer of money through hawala channels, ED sources said here. The Income-Tax (IT) department too `surveyed' the various premises of Mr Shah. The operation, which was launched on Friday was on till the early hours of Saturday.

FCR rises to $40,181 million
India's foreign currency reserves (FCR) continued to rise with an addition of $173 million to $40,181 million for the week ended January 5. The foreign currency assets (FCA) increased by $114 million to $37,368 million as compared to $37,254 million in the previous week, the RBI said. The reserves rose from $34,734 million on November 11 to the current $40,181 million, which includes proceeds of over $5 billion from India Millennium Deposits.

SBI, BOI revise FCNR deposit rates
SBI a has revised its interest rates on FCNR(B) deposits from January 15. The interest rate for US dollar and pound sterling deposits would be 5.5 per cent per annum for all maturities. Bank of India has also revised its rates on FCNR deposits from January 15. Rates on dollar deposits for less than three years and three years would be five per cent and 5.25 per cent respectively.