Kainaat Arora set to sizzle in 'Hate Story 2' item song

Kainaat-AroraMumbai, August 2 : After doing item number "Aila re aila" and movie "Grand Masti", model-actress Kainaat Arora is set to scorch the screen with another pulsating song in "Hate Story 2".

The actress will shoot for the song by the end of the month. It has been sung by Mamta Sharma of "Munni badnaam hui" fame and Ganesh Acharya will choreograph it.

"I worked with Ganesh for 'Grand Masti' title song and the experience was very good. This would be my second song with him. This one is an item song. It is a T-series film and it is a very big track," she told IANS.

Simon will be a wonderful father: Kelly Rowland

New York, August 2 : Singer Kelly Rowland believes that music mogul Simon Cowell will be a "great dad".

Cowell, 53, is expecting a child with his friend Andrew Silverman's estranged wife, Lauren Silverman, who is 10 weeks pregnant. And Rowland, who co-judges the US version of "The X Factor" with Cowell, is thrilled for him.

"I think Simon will be a wonderful father. It's not my news to share, but I do know about Simon and his character. He's going to be a great dad," eonline. com quoted Rowland as saying.

"I think that he is always respectful. Always classy. And I think that he will be like that as a father. He will be a classic father figure," she added.

Aniston flaunts engagement ring at premiere

Jennifer-AnistonNew York, August 2 : Actress Jennifer Aniston was spotted flaunting her huge engagement ring at the premiere of her latest film "We're the Millers" here.

The 44-year-old was wearing a deep-plum figure-hugging strapless dress teamed up with stilettos, for the premiere Thursday, reports eonline. com.

"We're the Millers" is about a veteran pot dealer who creates a fake family as part of his plan to move a huge shipment of marijuana into the US from Mexico.

The actress' character in the film is called Rose O'Reilly, a stripper.

US fixed mortgage rates rise

mortgage-ratesWashington, August 2 : US fixed mortgage rates edged up for the first time in three weeks, but were still low by historical standards, according to the primary mortgage market survey released by Freddie Mac.

The US mortgage giant Thursday said that the 30-year fixed-rate mortgage edged up to 4.39 percent in the week ending Aug 1, from 4.31 percent in the previous week.

The 15-year fixed-rate mortgage rose to 3.43 percent this week from 3.39 percent last week, Xinhua reported.

Weaker rupee encourages flows in NRI fixed deposits

Weaker rupee encourages flows in NRI fixed depositsIndian banks have seen an impressive increase in flows in non-resident Indian fixed deposits over the past few weeks as the sharp decline in the rupee's value against the dollar encouraged NRIs to send more money back home.

A senior official from the State Bank of India (SBI), the country's largest public-sector lender, said that almost all banks saw a notable increase in the accretion to non-resident external (NRE) deposits in wake of the steep fall in the domestic currency's value against the greenback.

CII welcomes relaxation in multi-brand retail norms

CII welcomes relaxation in multi-brand retail normsIndustry body CII welcomed the government's decision to relax foreign direct investment (FDI) norms in multi-brand retail and raising investment caps in several other sectors.

The government on Thursday erased the mandatory 30 per cent local sourcing norm for the multi-brand retail sector and allowed states to allow multi-brand retailing in cities with population less than one million.

In addition, the government raised FDI caps for several sectors. For example, the FDI limit for the telecom sector was raised from 74 per cent to 100 per cent.

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