Briefly Business: Outsourcing norms for manufacturing units in SEZs eased

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 Mamp;As accounting for the bulk of inflows,says an UNCTAD report. pti