Outsourcing norms for manufacturing units in SEZs eased New Delhi: Manufacturing units in SEZs can now sub-contract work for up to three years,instead of just one year allowed so far,as the government has relaxed the norms to help boost shipments from special economic zones. SBI raises fixed deposit rate by 0.2% New Delhi: State Bank of India (SBI) has raised fixed deposit rate by 0.2 per cent on select maturity. With the revision,term deposit between 180-210 days less than Rs 1 crore would now earn 7 per cent against existing 6.80 per cent. LIC trims stake in Tata Global Beverages New Delhi: Life Insurance Corporation (LIC) has reduced its stake in Tata Global Beverages Ltd by 2.02 per cent,selling 1.25 crore shares in the open market. LIC,which had 7.63 per cent stake earlier,brought down its shareholding to 5.60 per cent. SpiceJet gets Sanjiv Kapoor as new COO New Delhi: SpiceJet has announced the appointment of Sanjiv Kapoor,aviation consultant and a former member of Bangladeshs GMG Airlines Board,as its chief operating officer (COO). Jobless rate in Europe stays at record high Brussels: The unemployment rate in the 17-nation eurozone remained at a record high of 12.2 per cent in September as the blocs nascent recovery failed to generate new jobs,official data showed Thursday. William Lowe,father of IBM PC,dies at 72 Chicago: William C Lowe,who was credited with fostering collaboration within the computer industry,died on October 19 in Lake Forest,Illinois,of a heart attack,his daughter Michelle Marshall said. He was 72. FDI up 35% to $13.6 billion in Jan-July New Delhi: FDI inflows has increased by about 35 per cent to $13.6 billion during the first half of 2013 with M&As accounting for the bulk of inflows,says an UNCTAD report. pti
