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The yield on Commercial Paper issued by non-banking financial companies (NBFCs) eased 20-40 basis points, and that on debt issued by manufacturers by 30-35 bps.

Lou Ottens, engineer who invented cassette tape and CD, passed away at 94

In 1963, Ottens presented the first cassette tape at the Berlin Radio Show electronics fair.

Currency ban will result in deflation, says DHFL Pramerica MF

The move to withdraw high-denomination notes is expected to dent immediate consumption in the medium-term, but will have a positive impact on growth and inflation in the long run, says Kumaresh Ramakrishnan, Head-Fixed Income at DHFL Pramerica Mutual Fund.

CS Verma steps down as SAIL CMD; Steel Secy takes charge

CS Verma was appointed CMD of the country's largest steel producer for a 5-year term in June 2010 by the pCrevious UPA government, and was eligible for an extension till he attained the superannuation age of 60 years in September 2019.

India has 95.5 crore mobile subscribers

Telecom Minister Ravi Shankar Prasad said this was a reflection on how much the mobile phone network has expanded in the country. "There were 30 core internet connections in the country till last year which was more than the United States and next to China.

Will maintain NIMs at 3.3%; FCNR not main focus: Federal Bk

According to Shyam Shrinivasan, the Federal Bank is likely to maintain its margins at the current levels of 3.30 percent, a climb of 17 bps year-on-year.

SBI says Q2 corporate lending soars 18%; tops Rs 2 trillion

State Bank of India today said its large corporate assets base registered a full 18 per cent growth in the second quarter compared to the previous fiscal, resulting in its loan book crossing the Rs 2-trillion-mark.

Could see 25 bps hike in long-term funds: M&M Financial

M&M Financial does not see a dip in its margins so far, but going forward, it may not be able to increase its rate to consumer and is likely to seek support from the manufacturers and dealers, says Ramesh Iyer.

Don't expect many takers for yeilds above 8%: HDFC Bank

Ashish Parthasarthy believes if RBI measures prove to be temporary in nature, the certificate of deposit (CD) rates will come down below 10 percent unless the crisis extends and the rupee continues to be under pressure.

How do I unlock my laptop when I've forgotten my password?

Is it possible to unlock a laptop without formatting the hard drive if I've forgotten the password? - Daksh

Short end of the yield curve is still attractive

According to Arjun Parthasarathy, investors can invest directly into fixed income securities or invest in short term income funds in the current market. It is advisable to stick to the best credit quality given the rising levels of bad loans and restructured loans in the system.

CBT allows EPFO to park funds in CoDs, long period bank FDs

EPFO's apex decision making body the Central Board of Trustees (CBT) today gave green signal to retirement fund body to park its funds in fixed deposits upto five years, short term securities and certificate of deposits of public sector banks.

How Elton John redeemed self from 'disgusting' past

More than 20 years ago singer-songwriter Elton John was, by his own admission, living a disgusting life of self-pity and drug abuse. Then he met Ryan White.

Minor girl allegedly gangraped by school boys

A minor girl was allegedly gangraped in the city by five school students over a month ago and obscene CDs and MMS on it were circulated, according to an FIR lodged by Bihar Women's Commission.

Govt steps back, says deposit directive not final

The government has backtracked from a directive issued to state-run banks that put a cap on holdings of bulk deposits and certificates of deposit (CDs) saying the rules were not final, banking sources said on Thursday.

Will private players struggle to tap bond market in FY13

The country is likely to see fewer bond issuances by companies this financial year because of the prevailing stagflation and high government borrowing, says Arvind Konar, head-fixed income, Almondz Global Securities. Stagflation is when inflation remains high despite a slowing economy.

How to - set up an NAS at home

So you have an old computer lying stagnant at home and don‘t know what to do with it. Why not make your own NAS and make it serve you at home or office?

Bhanwari case: Divers recover wristwatch, bone pieces

In a crucial development in Bhanwari Devi missing case, a wrist watch, some pieces of bones and few other articles were today recovered from Rajiv Gandhi lift canal near Jaloda village where her remains were allegedly dumped.

HMV needs to shrink and speed change to survive

British retailer HMV may need to close hundreds of stores and sell its Waterstone's book chain to provide the money to accelerate its shift away from declining CD and DVD markets and secure its long-term survival.