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'Teaser home loan rates pose payment shocks'
The teaser home loan rate, the interest rate which is set artificially low for the initial period, could give a ‘payment shock’ to borrowers as the equated monthly installment (EMI) shot up on lenders charging regular interest rates, according to Fitch officials.

Bollywood fans in the US can now watch free films
Anil Ambani-promoted BigFlix and Hulu have teamed up to offer this free service and make money through online advertisements

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L&T, SapuraCrest JV bags $500-mn pipe orders
Larsen & Toubro, country’s largest engineering company, along with its Malaysian partner SapuraCrest Petroleum has bagged orders worth $500 million to undertake installation of platforms and pipelines in offshore. The joint venture partners have invested $175 million to acquire a vessel to execute the orders.
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Stock, Commodity markets closed on account of Christmas

The Bombay Stock Exchange (BSE), the National Stock Exchange (NSE), the Forex, Money, Oils and Oilseeds, Grains, Cotton and Solvent markets will remain closed today for "Christmas". - FIIs net sellers Rs 900cr on Thursday - Ranbaxy"s US unit under FDA scanner; not to impact biz - Tata to compensate Singur vendors" losses - Insecticides India to tap 10% market - FII buying lifts market to 2009 high - BSE brokers to approach PMO, Sebi On Monday, December 28, the Bombay Stock Exchange (BSE), the National Stock Exchange (NSE), the Forex, Money, spices, cotton and grains markets will remain closed on the account of "Moharram".


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