Cyprus,3 others fail global tax test; India compliant

New Delhi: A panel of ministers on disinvestment is likely to meet on Friday to decide on the price band for Power Grid Corp India Ltd PGCIL follow-on public offer. The issue is likely to open on December 3.

Casa deposits up 33 in FY13: RBI

Mumbai: The RBI said that the last financial year saw a 33 per cent growth in current and savings accounts Casa deposits. In FY13,growth in Casa deposits of new private sector banks was the highest at 18.5 per cent.

Shell to join GAILs Kakinada LNG project

New Delhi: Royal Dutch Shell is likely to take a 30 per cent stake in state-owned GAIL India Ltds proposed floating liquefied natural gas import terminal project at Kakinada in Andhra Pradesh.

HTC launches tracker device for its mobiles

New Delhi: Smartphone maker HTC has launched a tracking device called Fetch costing Rs 2,500 that can help display handset locations on Google Maps and alert owners.