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PNB may raise Rs 7,000 cr from bonds
The country"s second largest public sector lender, Punjab National Bank, today said it can raise up to Rs 7,000 crore from bonds to fund growth plans.

'3G technology is as cost-effective as 2G'
With the state-owned BSNL’s 93-million-line tender once again the subject of a controversy, it’s but natural to elicit the views of Ericsson’s global president and CEO CARL-HENRIC SVANBERG on this. Svanberg, however, refuses to bite, except to say that the tendering procedures for BSNL have to be so transparent, it is not surprising they take so long. He is more concerned about how telecom can save the world from global warming and how India can transform itself with 3G technologies. Excerpts from an interview with SUNIL JAIN:

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Godrej Properties listing on Jan 5
Realty developer Godrej Properties will be listed on the Bombay Stock Exchange (BSE) on January 5.
Small Business

Headley travelled to five cities in India

Suspected terrorist David Coleman Headley travelled to five cities during his stay in India between 2006-09, investigators have found. - Indian intelligence team returns without quizzing Headley - Bail application of Rana postponed by a week - 'LeT placed priority on new attack in India, not Denmark' - Terrorists shouldn"t be allowed to define agenda for peace:Pak - PM regrets OIC getting into internal affairs of India - Pak charge of India funding Taliban totally false: PM Official sources said that Headley, arrested by FBI in Chicago last month, travelled to Ahmedabad, Lucknow, Agra and Delhi. The sources said Headley, a US national, had done a recce of National Defence College and vital installations in other cities. Headley, 49, who was arrested last month for allegedly hatching a conspiracy with LeT to carry out strikes inside and outside the US, had allegedly the NDC on his radar. Investigators have said he was also planning a major terror strike in India at LeT"s behest. He was also conducting recruitment of cadres for Pakistan-based terror group Lashker-e-Taiba, to send them to a Gulf country using the services of his immigration business set up in Mumbai. He was arrested at Chicago"s O"Hare International Airport as he prepared to board a flight to Philadelphia, intending to travel to Pakistan. FBI also arrested his accomplice Tahawwur Hussain Rana, 48, a Canadian citizen of Pakistani origin. American investigators have said Headley was a frequent flyer, who made multiple trips to Pakistan where he spent "substantial time" undergoing training from the terror group. Home Minister P Chidambaram has said investigators were probing if Headley had any links with Mumbai attacks as he had visited the country several times before they took place. "He visited India several times before 26/11 and therefore there is something we have to necessarily look into but as of now I cannot say whether there was a link or not," he told reporters on the sidelines of the India Economic Summit here yesterday.


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