Indian Consumers will be happy to know that finance ministry, along with Reserve Bank of India (RBI) and the Indian Banks Association (IBA) are presently in talks to bring interest rates further down.

The rate cut are expected to reflect in segments like home, auto and personal loans.

The world’s pioneering steel company Tata Steel has announced a growth of 26 per cent in its sales for the last month (January 2009).

During the month, the company’s sales stood at 511,000 tons, as against 404,000 tons in the corresponding period of the last year.

With an increase of 35%, the company’s saleable steel in January 2009 recorded the highest production at 548,000 tons as compared to the prior year period,

In the meantime, production of hot metal zoomed 32% at 574,000 tons and that of crude steel grew 25% to 525,000 tons, over the prior year period.

Top Malayalam actress Kavya Madhavan was married to Nischal Chandra, technical advisor to National Bank of Kuwait, in a traditional ceremony at the Kollur Mookambika temple on Thursday morning.

All the rituals of the marriage were conducted by the chief priest of the temple, Govinda Adiga.

As a child artist, Kavya entered the world of films in 1991 in the film ‘Pookkalam Varavayi’.Apart from working in Malayalam films, Kavya has also worked in Tamil films also. Currently, the beauty from Malappuram is working in ‘Pattanathil Bhootham’ directed by Johny Antony.

In a crucial tie, world champions Germany defeated India 4-2 to keep themselves in reckoning in the crucial Punjab Gold Cup Hockey Tournament at the Sector 42 hockey stadium. For Germans, Jan Philipp Rabente (14th minute), Lim Kevin (21st), Moritz Furste (34th) and skipper Tobias Hauke (38th) scored, whereas from India Tushar Khandekar (12th) and skipper Sandeep Singh (64th) found the goals.

In its earlier matches, Germany looked quite low in spirits, but on Friday they came back strongly defeating the hosts by a comfortable margin. 

Mobile major Sony Ericsson has got another reason to be back in the news. The mobile company, in collaboration with Zapak.com and Microsoft XBOX 360 launched its first gaming handset ‘F305’.

Speaking on this, Sony Ericsson General Manager Sudhin Mathur said, “The F305, which has the motion sensor technology, is the first gaming phone from the stable.”

The new mobile costs Rs 8,995.

Mathur also pointed out that the company in the coming years would launch more gaming handsets. The company already has its Walkman and Cybershot range for the music and imaging segment.

Loving daughter of superstar Anil Kapoor, initially assisted ace Bollywood director Sanjay Leela Bhansali in his record-breaking movie ‘Black’. This new entrant in the Hindi film industry has already gathered Stardom label even before the release of her much hyped ‘Saawariya’ with Ranbir Kapoor.