On Friday, ICICI Bank, the country?s second-biggest bank, raised its prime lending rates by half a percentage point, which will raise the price of retail home loans by a like amount. The rate hike by ICICI Bank comes just day after the central bank increased benchmark rates by 25 basis points.

BOMBAY - Indian shares slipped in volatile trading Wednesday and the benchmark index fell to a six-month low, reversing early gains. On the rival National Stock Exchange, the 50-company S&P Nifty index jumped 85 points, or 3.2 %, in the first 10 minutes of trading before tumbling to an intraday low of 2,596 points.

The Japanese version of the report would be released in Tokyo on June 14 on the occasion of the India Japan Business Summit and would be presented to Toshihiro Nikai, minister of economic, trade and industry, government of Japan by Kamal Nath, minister of commerce and industry, government of India.

VC firm with a focus on early and mid stage investments in internet and wireless companies chooses India as first Asian base. Another established Silicon Valley venture capital firm has chosen India for one of its early forays outside the US. Canaan has a clearly defined focus on early stage investing in internet and wireless companies.