While there is little chance of a reduction in this limit, the central bank is now insisting on a certificate from chartered accountants on the end-use of the funds borrowed.

Bonanza for customers in days of liberalisation.

These phones are SIM-enabled, allowing consumers to move from one CDMA service to another, a flexibility hitherto available only on GSM handsets.

Beirut is one of the Arab world's least-desirable cities for an executive to be posted, according to the annual rankings of world metropolises assembled by Mercer Human Resource Consulting. Beirut finished 15th among 18 Arab locales in quality of life,

In July 2006, the Bank of International Settlements, located in Basel, Switzerland, issued the Revised International Capital Framework - or simply the Basel II Framework - a compilation of a series of new accords reached by monetary authorities of member

A new law that seeks to boost the employment rights of Chin­ese workers and give trade unions more influence is an issue gathering steam in the US.

Watching one of the largest military exercises ever held in the country, Army Chief Gen J J Singh today said his forces were ready to tackle not only outside security threats but "asymmetrical challenges" like terrorism.

Implementation of a decision taken by Egyptian, Syrian, Jordanian, Turkish and Lebanese energy ministers a year ago signed to extend the Arab Gas Pipeline across Syria is gathering pace bringing forward a link-up with the Turkish gas distribution system.

The 10.5 billion-euro Italian oil major ENI is entering the Indian lubricants market through a technology transfer agreement with a Mumbai-based firm to manufacture and sell various products.

The Indian IT and ITES sector is projected to grow 18 per cent in the next five years to become an industry worth over Rs 4.58 lakh crore by 2011, an infotech analyst said on Wednesday.

Tata Motors posted 11 per cent increase in total vehicle sales (including exports) during April at 40,486 units as compared to 36,574 in the same period last year.

Dubai-based realty firm Al Fajer Properties announced on Wednesday its plans to invest up to one billion dollars to develop commercial and townships projects in India through the joint venture route.

Commerce and Industry Minister Kamal Nath will deliver a special address on 'India and the future of the world trade talks' at the University College at Oxford on Thursday.

India's incredible hospitality and heritage has attracted global attention with the country's leading hotel chain, Oberoi Hotels and Resorts grabbing a position among the world's top 10, according to a latest survey.

Belarusian Gorizont OSC concluded a contract with the Azerbaijani MReal Company worth $1.5 mln. The Market Analyzer of the OSC's Department for Marketing and External Economic Relations, Oleg Mahnov, said on 2 May in the Belarusian Industrial Exhibition in Baku

The Finance Ministry is considering to make it mandatory for all private general insurance companies to provide third party motor insurance, which is presently optional for them.

State-run BSNL is likely to place a Rs 20,000 crore (Rs 200 billion) mobile telephony order with the two winners of the contract - Ericsson and Nokia - by second week of May to increase the capacity of its network.

The metamorphosis of the liberal Ahluwalia to Comrade Ahuwalia, in the past decade, is bewildering, says M R Venkatesh.

As part of efforts to broaden the equity markets, regulator Securities Exchange Board of India will issue guidelines on short-selling within two-three months that will enable institutional investors to sell stocks without owning them.