RBI cuts bank rate by 0.5%, interest rates set to fall
Taking a cue from Union Finance Minister Yashwant Sinha, the Reserve Bank of India has slashed its bank rate by 0.5% to 7.5% with effect from Thursday.



Car companies slash prices by Rs 18,000-48,000
Enthused by the Union Budget's excise sops, Indian automobile majors have decided to pass on the benefits to customers by dropping prices.



Battle for VST hots up, ITC launches counter-offer
Battle for VST Industries is hotting up. Calcutta-based tobacco major ITC has launched a counter-offer for VST Industries at a price of Rs 115 as compared to a takeover offer made at a price of Rs 112 by Mumbai-based stock broking firm of Brightstar, belonging to the Damani brothers.



Other headlines
Export grows by 27%
Dividend stripping finally banned
Sikdar at odds with MTNL brass
IT stocks hammered; old economy sparkles