Business StandardRail fares may face service taxMove likely to fetch government Rs 1,000 crore.IT feeds SEZ gold rushOf the 117 proposals approved by the Centre so far, over a third (44) are from IT companies.Bankers trip over student loansEducation loans at Rs 8,000 crore, sticky assets touch 6-8%.The Economic Times Three's company, rest's crowdFrom bikes to airlines to cement, Troikas corner 80% of marketMukesh, Anil seen in fray for NRI stake in Cochin AirportExpansion plan attract attention, GMR also interested.IDBI wants to buy a PSU bank, seeks govt helpPotential candidates include Indian, UCO, Union, Central and Dena Bank.The Hindu Business LineICICI Bank hikes benchmark PLR to 11.75%ICICI Bank has hiked its benchmark prime lending rate (PLR) by 0.5% points to 11.75% with immediate effect. The bank may be the first to hike the PLR after the RBI's quarterly review of the monetary policy last month.Govt notifies guidelines for FDI in single brand retailingThe notification states that FDI up to 51% in retail trade of single brand products would cover only products that are branded during manufacturing and are sold under the same brand internationally.ADC collections exceed target, cross Rs 8,000 croreA steep increase in the call traffic is seen as the prime reason.The Financial ExpressOverseas firms may get to raise funds in IndiaThe government plans to allow overseas companies to raise funds in domestic capital markets and shorten the approval time for local companies selling shares, SEBI chairman M Damodaran said.Weak banks out of bounds for foreignersRBI is keen that domestic banks be given preference over foreign banks when it comes to taking over even weak local banks.ONGC notifies first Nelp findONGC has made the first ever notification of a gas discovery to the Directorate General of Hydrocarbons. The discovery has been notified in the two wells DWN-U-1 and DWN-A-2 drilled by it in the Krishna Godavari deepwater block KG-DWN/2.
