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Housing Development Finance Corporation (HDFC) has sold 8,03,87,686 equity shares of Rs 10/- each of HDFC Standard Life Insurance Company (SLIC) to Standard Life (Mauritius Holdings) Ltd, representing 7.15% of the total issued and paid-up equity for Rs. 200 crore at a pre agreed price.

With this, Standard Life (Mauritius Holdings) will go up to 26%, the maximum permissible by foreign investors under Indian law.

On the other hand, after the current sale, HDFC’s stake will come down from 81% to 74 %.

Canberra, Jan 2: A new research by US and Australian geologists has indicate

The banner behind the big Bollywood hits including “Maine Pyaar Kiya”, “Hum Aapke Hain Kaun” and “Vivaah” will now offer the first ever serial for Indian cell phone users.

Rajat, the younger brother of Sooraj Barjatya who owns Rajshri Productions, has made announcement about the launching of the 90-episode series, which is specifically intended for mobile phones, by the end of January 2008.

Mr. Rajat said, “I hate to use the term first. I would rather say that we are among the first to make a serious attempt at doing this. We have produced a 90-episode series, with three minutes per episode, and it is in the humour genre.”

New Delhi, Jan 2: Prime Minister Dr.

Bhubaneshwar, Jan 2: Union Home Ministe

Country’s external debt rose by USD 9.9 billion or 5.5% during July-September 2007 to USD 190.5 billion, an official release stated.