FM on growth

Coimbatore, June 16: Finance minister P. Chidambaram is confident that GDP growth will touch 10 per cent this fiscal. “With efforts put in by entrepreneurs, industrialists and all other sections of society, the country achieved 7.5 per cent growth in the first year of the UPA rule,” Chidambaram said.

HDFC funds

Mumbai, June 16: Shareholders of HDFC Bank today approved its plan to raise $1 billion (Rs 4,200 crore) to fund its growth and meet Basel-II norms that will come into effect from April 2008, at its annual general meeting here.

PF meet

New Delhi, June 16: The EPFO board, under pressure from Left parties not to lower the interest for its four crore subscribers, is likely to meet on July 2 to take a fresh look at its coffers.