Housing finance firm, LIC Housing Finance (LICHF) slashed home loan interest rates by 75 basis points, covering all existing customers who have availed loans at different maturities.

LICHF Chief Executive Officer, RR Nair, said, "The incremental cost of funds has come down to around 8.25-8.75 per cent, as against over 11 per cent in October. So we have decided to pass on the benefits to existing customers."

The new home loan interest rates would be applicable from April 1 in the range between 10-10.50 per cent across various maturities as compared to earlier interest rate of 10.75-11.25 per cent.

Leading IT firm, HCL Technologies managed to bag an outsourcing project worth $350-million from Readers' Digest Association (RDA), a leading media firm headquartered in New York after a year long contention.

The Indian IT services provider would offer applications development and maintenance (ADM) services and infrastructure support to the media firm by implementing advanced technological modules using cutting edge technology.

For Tata's small car Nano, loan can be availed at an interest rate of 14 to 14.75 per cent from the State Bank of India (SBI), India's largest bank, as per some unofficial reports.

The bank would cover 70 per cent of the price of the car for five year tenure. Recently, general managers of all branches of SBI discussed the finance matters with company's officials in a bid to provide car finance in easy and hassle free manner, targeting common man in the rural segment of country.

Low demand from corporate and household sector led to decline in PC sales in the third quarter of current financial year.

The Manufacturers' Association of Information Technology (MAIT), in its quarterly industrial performance review, shows 19 per cent decline in computers and notebooks sales under the impact of global slowdown and appreciation of dollar as compared to other currencies.

New study findings released today show airlines worldwide lost more than $1.4 billion to online fraudsters during the last year (2008), about 1.3% of worldwide airlines’ online revenue.

The facts comes from a new independent Airline Online Fraud Survey commissioned by CyberSource Corporation in collaboration with Airline Information LLC and completed January, 2009.

BSNL and Micromax have signed up a national deal for sale and distribution of 3G Data Cards to the BSNL subscribers.

The freshly launched BSNL 3G services are presently available in around 11 cities, and BSNL eyes to raise this reach to approx 700 cities by the next 2-3 months.