Patna, Oct 30: Railways Minister Lalu Prasad Yadav today announced compensation of Rs three lakhs for the widow of Dharam Dev Rai, a resident of Uttar Pradesh''s Gorakhpur district who was beaten to death on a train in Badlapur in Maharashtra, after the miscreants identified him as a "North Indian".

The incident caught media attention as it happened in the wake of the ongoing raging controversy over harassment of North Indians, particularly those from Bihar, in Mumbai.

Berlin - German unemployment fell more than expected in October, defying the economic gloom facing the nation, data released Thursday showed.

After dropping by a revised 28,000 in September, seasonally adjusted unemployment fell by another 26,000 to 3.151 million in October, Germany's Federal Labour Office said.

This resulted in the unemployment rate edging down from 7.6 per cent in September to 7.5 per cent in October.

Religare Enterprises, the financial services arm of Ranbaxy Group, is planning to rise more than Rs 1,000 crore through rights offering to its existing shareholders.

The company's board is expected to meet on 30th October to consider raising of funds over Rs 1,000 crore at around current price level by further issue of equity shares on rights basis.

Religare Enterprise Limited, through its subsidiaries, offers a range of financial products and services to retail investors, high net worth individuals, and corporate and institutional clients in India.

Taipei - Taiwan prosecutors on Thursday requested a 14-month prison term for a city councilman after charging him with inciting a mob to attack a visiting Chinese official last week.

The indictment clouded next week's visit by China's top negotiator with Taiwan, Chen Yunlin, as pro-independence groups saw the charges as the government appeasing China and vowed to confront Chen wherever he goes.

State Bank of Bikaner and Jaipur, the largest associate lender of SBI, has increased the fixed deposit rates by 100 basis points to 10.75 per cent.

The bank stated in an official communiqué that for fixed deposits in between 2-3 years, the rate has been increased from 9.75 per cent to 10.75 per cent. However, the bank has kept interest rates for other maturities unchanged at the September 3 level when it last raised rates.

Last month, SBBJ raised the interest rate on term deposit in between 1-2 years by 50 basis points to 10.25 per cent.

Athens - Greek state carrier Olympic Airlines cancelled around 100 domestic and international flights on Thursday as air traffic controllers and flight crews launched a
24-hour strike in protest against government plans to privatize the airline.

The cancellations will cover approximately 100 flights to European destinations such as London, Rome, Brussels and Frankfurt, reports said. Some domestic flights will also be canceled.

Last month, the Greek government launched a tender to sell off the ailing airline, saying it would find new public sector jobs for its workers.

Officials have said Qatar Airways is among the investors interested in the sale but union leaders have pledged to halt the privatization.