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According to the latest data released by the National Housing Bank (NHB), during the first quarter of 2011, in all over India, the prices for property have been dropped from 20.63% to 17.6%.

During the same period, five more cities have shown a marginal change in property prices. Among these, three have shown an increase in property rates; this has increased to 5% from 2.6%.

Maruti is all set to launch its all-new Swift in September 2011 but then it doesn’t make sense comparing it with Liva- the Toyota’s outstanding model.

If we consider both these cars in regard to fun-to-drive factor, then in any case Swift is the winner. Its superbly balanced underpinnings are the best to reform it into an engaging car to drive and its four-cylinder K-series motor just takes it up a notch higher.

A long time after battling the high inflation and possible slowdowns, the economy sees some reasons to cheer as the exports have risen by 56.9% to $25.9 billion in May.

The reports have also confirmed that the county’s imports have risen by 54 % to $40.9 billion in May thereby succeeding in making its highest growth rate in the last four years. The data released by the commerce ministry on Friday has confirmed the above reports.

ICICI bank is one of the largest private lenders in the country, but higher costs of funds have forced the bank to increase its interest rates on home and other loans by 25 basis points. The bank has basically taken the decision to increase its benchmark rates.

The Hindu’s Editor-in-Chief has been given clean chit by the Madras High Court. During a telephonic interview, Hindu’s Editor-in-Chief Ram said, “We are happy about the order that vindicates our position”.

Ram has been in news since May when he moved to Madras high court against CLB. CLB is a part-judicial body which acts as an umpire in corporate disputes. On 20th May, the CLB asked The Hindu to change its tradition of posting family members to the editorial post. The dispute was actually raised between the two groups of the board of The Hindu’s publishers Kasturi and Sons Ltd and Ram.

In a recent development, it was revealed that the Indian Rupee has gained a few points in comparison with the euro. The rupee gained its highest in two months and this has happened due to inflow of the dollars. The euro has also been stable for a while now and this is the reason for the recent gain.

The final position of the rupee was 44.5825/5925 in comparison with Dollar. The highest it reached was about 44.5175, and this is the strongest record since last recorded in May.