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Fannie Mae, Freddie Mac may help mortgage banks
Mortgage entities Fannie Mae and Freddie Mac are planning to introduce a programme aimed at helping independent mortgage banks to make home loans, says a media report.

Oil weakens in Asian trade on profit-taking
Oil fell in Asian trade today on profit-taking after overnight gains driven by hopes for improved demand as the global economy recovers, analysts said.

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Shipping ministry to double cost estimates of Sethusamudram project
The Ministry of Shipping is nearly doubling the initial cost estimates of the controversial Sethusamudram Ship Channel Project, which aims to dredge a navigable channel through the Palk Strait between India and Sri Lanka.
Online Business

Hello brother

The Ambani brothers may be at war with each other in real life, but that hasn’t stopped them from collaborating in reel life. The Aamir Khan starrer 3 Idiots, a Reliance Big Pictures release (an Anil Ambani enterprise), starts off thanking Mukesh Ambani for giving it permission to shoot at the IIM Bangalore campus — Mukesh Ambani is the chairman of IIM Bangalore. - Tune in, tune out - 3 Idiots set to rake in Rs 65 cr in first 3 days - 3Idiots may pinch as producer seeks higher ticket prices - Battle brews over sharing of revenue from 3 Idiots - Khan versus Khan - Facebook, for those who came in late The film ends with special thanks for Amitabh Jhunjhunwala, a key Anil Ambani aide. It’s not clear if this was only director Rajkumar Hirani’s idea or whether someone in the Anil Ambani camp was trying to be funny.


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