Rates at Kundli in east Delhi, which were Rs 2,100 per sq ft. six months ago, have come down to Rs 1,450-1,500 per sq ft. Ghaziabad, is today selling at Rs 1,450-1,600 per sq ft.

India's largest advertiser, Hindustan Lever Ltd, and broadcaster Star India have resolved their differences over advertising rates, settling for a new deal.

Bharat Diamond Bourse is close to becoming a reality. Coming up at Bandra Kurla Complex in Mumbai, the complex is likely to be fully operational by October 2007.

The decks have been cleared for Vodafone, the world's largest telecom company by revenues, to enter India with the FIPB on Friday giving conditional clearance to its acquisition of 52% in HEL, the country's fourth largest mobile operator.

After inducting stock exchanges as strategic partners, the Bombay Stock Exchange is now planning to rope in an international asset management company as one of its investors in the foreign direct investment category.

Stuttgart-based Robert Bosch GmbH on Friday made an open offer of Rs 4,000 a share in cash to buy 6.4 million shares from the shareholders of Bangalore-based Motor Industries Company Ltd.

The world's fastest growing mobile market helped India's largest cellular operator, Bharti Airtel, report an 89% jump in net profit for fiscal 2006-07 to Rs 4,257 crore. Thanks to a stronger rupee, Bharti joined the select group of Indian companies

Faced with an increase in defaults on home loans, banks are beginning to feel the 'bite' after growing their portfolios at breakneck pace in the last three years, according to State Bank of India Chairman O P Bhatt.

Our order (over share price manipulation on listing day) is only interim in nature. We are probing further and you can expect more orders in this case," said the official on condition of anonymity.

Finance Minister P Chidambaram and Heavy Industry Minister Santosh Mohan Dev on Friday held discussions on the sale of the government's 10.27 per cent residual stake in the auto major.

Gazeta.kz correspondent reports from Georgia According to Kazakh investors, fast economic growth makes Georgia be attractive to foreign investors. One of the biggest Kazakh banks "Turan Alem Bank" is among them. In 2005, Kazakh bank "Turan Alem" purchased 49 percent

The government failed Friday to finalize a deal with the World Bank's private-sector arm, the International Finance Corporation (IFC) to oversee the transfer of ownership of electricity production plants - currently monopolized by state utility Electricite du Liban (EDL) -

Lebanon's troubled private sector has access to more than $230 million in subsidized loans from the Paris III donor conference, but many companies are not aware of the funds or the favorable terms, complaining instead of banks' stinginess in providing

The US and Japan have threatened to apply fresh sanctions against North Korea if it fails to keep the promise it made in February to abandon its nuclear weapons programme.

China's leaders announced sweeping cabinet changes, including a new foreign minister, in a push to refresh senior government ranks ahead of the next Communist party congress.

SEBI will make PAN the sole identification number for all participants in the securities market, including mutual funds from July 2.

The government on Friday cleared British telecom firm Vodafone's application for buying a majority stake in India's fourth-largest mobile operator Hutch-Essar Ltd.

At a time when inflation is hovering around 6 per cent, Reserve Bank on Friday said that a 5 per cent inflation this year is "certainly possible" and that India is likely to be "less affected" by global imbalances.

The finance ministry on Friday said revenue loss on account of fiscal sops to Special Economic Zones is estimated to be Rs 1,02,621 crore.

The Indian Institute of Management, Indore on Friday offered admission letters to 180 candidates for its two-year postgraduate MBA course, including to the candidates belonging to SC/ST and physically handicapped categories.