Yes Bank first to hike rates after RBI move

Yes-BankMumbai, July 31 :  Yes Bank, the country's fourth largest private sector lender, Wednesday hiked lending and deposit rates, a day after the Reserve Bank of India (RBI) kept key policy rates unchanged and cut growth forecast.

Yes Bank has become the first lender to hike rates. Others may follow as the RBI move has tightened liquidity in the markets.

Yes Bank said it will hike its deposit rates by 0.25 percent to 0.5 percent in select tenors effective from Aug 1.

"This provides an opportunity for retail depositors to lock in higher rates on term deposits," the bank said in a statement.

Franklin wins worlds 100m backstroke gold

Missy-FranklinBarcelona, July 31 : Missy Franklin followed the gold medal she won in the women's 100-metre backstroke in London a year ago with another triumph in the event at the World Championships here.

As in London, the 18-year-old American beat Australia's Emily Seebohn to the silver while Japan's Aya Terakawa finished third to ensure that the podium Tuesday was an exact repeat of that in the 2012 Olympics, reports Xinhua.

Shahid Kpaoor high on action

Shahid-kapoorMumbai, July 31 : Shahid Kapoor is excited about action and stunts in "Phata Poster Nikhla Hero" and "Rambo Rajkumar", but urges not to tag it as "southern action".

"There is no southern connection as such. I think we should stop saying this southern thing because today almost every second film has that kind of action and people seem to be really liking it. The entire country responds to that," the 31-year-old said here Tuesday at the wrap-up party of "Phata Poster Nikhla Hero".

BJP to take action against Shatrughan Sinha

Shatrughan-SinhaPatna, July 31 : The BJP said Wednesday that it will take action against actor-politician Shatrughan Sinha for saying that Bihar Chief Minister Nitish Kumar is "prime minister material".

"BJP will take disciplinary action against Shatrughan Sinha for his statement in favour of Nitish Kumar. It is harmful for the party," party vice-president C. P. Thakur told the media here.

Thakur added that the BJP won't stop Shatrughan Sinha if he decides to quit the party.

Force Motors launches two new variants, eyes market growth

Force-ex-suvNew Delhi, July 31 : Force Motors Wednesday launched two new variants, EX and SX, of its sports utility vehicle (SUV) Force One priced between Rs. 8.99 lakh and Rs. 11.99 lakh (ex-showroom Delhi).

"With this launch we now have multiple offerings with various price points for customers. We will be launching another vehicle by next month and by the year-end, we will be offering products ranging from Rs. 6.25 lakh to Rs. 11.99 lakh," Force Motors managing director Prasan Firodia told IANS.

According to Firodia, the company will start selling its new product, Gurkha, from September in a Rs. 6.25 lakh to Rs. 8.50 lakh price range.

Mozilla launches automated security testing platform, Minion

Mozilla launches automated security testing platform, MinionNon-profit organization, Mozilla has announced the launched of a new automated security testing platform called Minion.

The new Minion will offer a flexible and easy to use security testing platform allowing developers to integrate it into virtually any development workflow. The company said that it began the Minion project year earlier and it is being implemented. The release of the version 0.3 marks the major public release for the platform.

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