ICICI Home Finance, the housing finance arm of the largest private sector bank in the country, on Thursday began selling subordinated bonds to raise Rs 100 crore.

The latest move was taken by the company to meet its fund requirements.

According to company official, the amount is being raised as subordinated debt and carries a coupon rate of 9.75 per cent, payable annually. The issue will close on April 20.

ICICI Securities Primary Dealership, ICICI Bank and IDFC-SSKI are reported as arrangers to the deal.

In order to take the lead in offering the best value for US to India calling, Bharti Airtel, Asia's leading integrated telecom services provider, on Thursday launched the never before calling rate of 1 cent a minute on its online calling card service airtelcallhome. com, with the name of IndiaOne offer.

Bajaj Allianz Life Insurance, one of the leading private insurance companies in India, is eyeing to double its market share to 10 per cent in the health insurance segment over the next three years.

The latest information was revealed by a senior executive of the company, during launching of new insurance plan.

Presently, the company's market share in health insurance, among all the life insurers, is around 5%, which it plans to increase it to 10% in a three-year period.

Aircel, the telecom player in India, with majority stakeholder Malaysian telecom major Maxis Communications, has announced the launch of its GSM mobile services in Mumbai.

With a subscriber base of over 1.8 lakh, Aircel, the fifth largest service provider, rolled out its 17th circle in Mumbai.The company has launched GSM services around 6 circles within past two months.

According to a report, the company has invested over Rs 550 crore for launch of services in the Mumbai circle.

That there is an apparent slide in deposit rates has become all the more obvious with two of India’s leading public sector banks – State Bank of India (SBI) and IDBI Bank – slashing their deposit rates, with the revised rates taking effect from April 13. The state-owned IDBI Bank also intends cutting its yardstick prime lending rate (BPLR) from April 15 onwards.

As per the reports by Business Standard, Aircel Cellular is working on plans to expand its presence in India, proposing to put in a $5 billion investment over the next three-year period.  

Initiating its operations in Mumbai on Friday, the GSM service provider - with a 70 percent stake held by Malaysian telecom giant Maxis Communications – has dispelled hearsay about its plans to get hold of the city’s oldest mobile company, Loop Mobile.