LIC to approach IRDA for floating infra bond

LIC, plane to approach sector regulator IRDA in the next 8-10 days to get the approval for floating infrastructure bonds.

Raising infrastructure bonds up to Rs.5000croeUnder infrastructure bonds , an individual; can

invest Rs. 20000 and claim tax benefit apart from permitted under section 80(c)

Tata Steel hikes prices by up to Rs.1500 a tonne3% increase in steel prices , may jack Rates

Rs.1500 tonnes.Result –Steel makers like SAIL, JSW and

Essar Steel increase their prices.Sail-Rs.1000/tonnesJSW Steel and Essar Steeln by

Rs.1500/tonneAverage steel price 30000-40000/tonne

Globe Totter

Google has filed a civil lawsuit in a US federal court to stop rogue pharmacies illegally advertising on its site. The internet giant hopes the legal proceedings filed on Tuesday will deter phony pharmacies from violating its ad policies by selling illegal drugs on Google.

Brand launches: Onida, Heinz, Parle Agro

HAAGEN-DAZS introduced four new flours in stick bars — cookies & cream, coffee almond crunch, vanilla milk & chocolate and vanilla almonds. They are priced at 150 each.

VHP & Bajrang dal celebrate Ayodhya verdict

CWE 2010 will result in economic impact of $4.940m

Commonwealth Games 2010 is expected to result in an overall economic impact of $4,940 million on India's GDP during a period of four years ending 2012.

China ,s Wen supports dtable euro ahead of EU summit

China pledged to sopport stable euro and not reduce its holding of European.