Briefly Business

ING Vysya Bank raises base rate by 50 bps

New Delhi: Private sector lender ING Vysya Bank on Wednesday increased its base rate or minimum lending rate by 50 basis points in response to hefty rate revision by the RBI.

Govt may relook at SEZ land ceiling,says Khullar

New Delhi: Amidst protests against land acquisition,commerce secretary Rahul Khullar on Wednesday said that the government may relook at the land ceiling of 5,000 hectare for the Special Economic Zones SEZs.

Vodafone,Idea increase pre-paid tariff by 20

New Delhi: Vodafone Essar and Idea Cellular,are understood to have increased pre-paid tariffs by up to 20 per cent. According to industry sources,the tariffs were increased few days ago. When contacted Vodafone spokesperson declined to comment saying,We do not comment on tariff issues.

AreclorMittal Q2 net income dips 10

Luxembourg: ArcelorMittal on Wednesday reported a 10 per cent dip in net income for the second quarter ended June 30,2011,to 1.535 billion. The company reported a net income of 1.706 billion for the corresponding quarter last year.