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BSNL cancels Huawei tender
Scrapping of 20-million lines order for south zone to delay Rs 32,000-cr project.

iGate to hire 1,500 people next year
Seeing a rebound in IT outsourcing contracts, IT services provider iGate today announced that it plans to hire 1,500 people in the calendar year 2010. Phaneesh Murthy, CEO of the Nasdaq-listed company said iGate"s plan to increase the headcount was a reflection of the business environment.

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FM has done good job in govt borrowing: Kochhar
Finance Minister Pranab Mukherjee holds a couple of Master of Arts degrees, but banker Chanda Kochhar rates him as a great financial engineer for designing the government"s borrowings taking care not to hurt the credit needs of the industry.
International Business

ICICI allots 30,158 shares under stock options

The country"s largest private sector lender ICICI Bank has allotted a total 30,158 equity shares pursuant to conversion of options under the Employees Stock Option Scheme, 2000 (ESOPS). - ICICI cuts home loan rates to remain competitive - ICICI Bank for doubling returns; to be in top-5 listed cos - ADR, GDR shouldn"t decide a bank"s nationality: Kochhar - No room for lending rate cut now, says Kamath - Don"t count ADR, GDR to decide bank"s nationality: ICICI - FinMin has done good job in Govt borrowing: Kochhar In a filing to the Bombay Stock Exchange, ICICI Bank said it has allotted 30,158 equity shares on August 31 to its employees under the Employees Stock Option Scheme, 2000 (ESOPS). Shares of ICICI Bank were trading at Rs 740.10, down 0.62 per cent on BSE.


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