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'Banks to take cue from RBI policy to decide rates'
Lending rates might move upward in the months ahead as credit growth picks up, but banks may take a cue from the RBI policy before effecting any change in their rate-structure, a top banker today said.

Crisis in Karnataka BJP continues
Crisis in Karnataka BJP continued today with dissidents persisting with their demand for the removal of Chief Minister B S Yuddyurappa, who said that the party leadership is evolving a "new formula" to end the stalemate.

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Pokhran-II tests fully successful, says Kakodkar
Trashing the contention that the Pokhran-II nuclear tests in 1998 were a failure, India’s top scientists today said all objectives had been achieved and the country now has the deterrence capability of up to 200 kilotons.
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Tata Comm to invest up to Rs 500 cr in Pune data centre

Tata Communications today launched its data centre in Pune and said it plans to invest up to Rs 500 crore over the next three years. - Tata acquires Mosaic from BT - Tata Communications acquires Mosaic - Indian ADRs lose $4 bn in a week - David Wirt is Tata Commns global head of managed services - Tata Communications erases gains, ends down 2% - Tata Comm, Qatari co in pact for undersea cable Spread across nearly 55,000 sq ft, the data centre would offer its clients services like co-location, managed hosting and storage. "Tata Communications has already invested around Rs 125 crore in the Pune data centre and intends to further investment over the next three years to Rs 500 crore based on market demand," the company said in a statement. "The Centre will provide infrastructure for supporting mission critical environments, with advanced cooling, power, redundancy, and sustainability features to ensure that our client"s critical systems and applications," Tata Comm President (India, APAC and MENA) Sunil Joshi said. The Pune data centre will serve the hosting, storage and connectivity needs of large enterprises and small and medium Business in the region and also serve as a disaster recovery facility across India or nearby countries.


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