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FDs fall out of favour with banks

If you think your money in savings bank account will be automatically converted into fixed deposits (FDs), think again. It may just happen that while you are thinking the idle cash may earn 6-6.5 per cent a year, the prevailing fixed-deposit rate for one-year funds, it may actually continue to fetch only 3.5 per cent.

US Senate set to pass health care bill by Christmas

After months of tough negotiations, Senate Democrats have come together to back a sweeping health care legislation, providing a powerful boost for President Barack Obama"s top domestic policy goal that promises to extend medical coverage to 31 million Americans.

Tulip Telecom Q3 net up 38% to Rs 69 cr

IT solutions provider Tulip Telecom today said its consolidated net profit rose by 38.19 per cent to Rs 68.60 crore for the third quarter ended December 31, over the same period corresponding fiscal.