LIBOR

LIBOR stands for London Inter Bank Offer Rate. It's the rate of interest at which banks offer to lend money to one another in the so-called wholesale money markets in the City of London. Money can be borrowed overnight or for a period of in excess of five years.

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• Karnataka SSCL results 2010 declared • Court to decide if Kasab deserves life or death • Govt taking steps to check illegal movement of arms • Specially-abled protest Railways' decision observe hunger strike in Chennai • Government to bring legislation to avoid custodial deaths • ICCR coordinating Festival of India in China France • Violence in Manipur over ban on rebel Naga leader's visit • Dalai Lama honours Irishman for spirit of forgiveness • Sikhs demand death sentence for Sajjan Kumar Jagdish Tytler • Surat's giant 'Garden clock' turns a major draw • CPI-M seeks apology from Trinamool over unparliamentarily language against its leader • Census inclusion of Bangladeshis causes Lalu Ananth spat • Madhya Pradesh CM meets Manmohan Singh on Maheshwar Dam issue • enghis Khan's annual memorial rites honour sees thousands attending • Maya's cleaning drive an eyewash: Cong • Headley probe expected in May • Trauma of Manipur violence victims • Varanasi craftsmen make a flag symbolizing communal harmony • Naga film all set to make mark in Cannes Film Festival • Peace returns to "Phatikcherra" once a hotbed of militancy in Tripura		• Mkts open red again on crisis in PIIGS countries • RBI raises forex cap to $3000 • HCL bags $500 million deal from pharma giant MSD • Mamp;M BAE joint venture company board constituted • Mkts recover losses on buying • Market Analysis: Weekly roundup till May 1 • Weak global cues sell-off force mkts to end lower • Indian banks financial service firms using Dubai as base for regional expansion • Q4: HDFC net up 26 pc • Renault amp; Bajaj to roll out car cheaper than Nano • BPO leader Intelenet hiring 7000 in India • Mkts suffer weak global cues end day in red • Savings account in child's name can provide lifelong benefits • RBI cautions NBFCs on transaction in Iran Pakistan North Korea • India Japan to build eco friendly cities in Delhi-Mumbai industrial corridor • MoU between DMIDC amp; 6 Japanese companies • HCL bags Melbourne IT IWS project • Criminal probe into Goldman Sachs trading • Sensex closes above 17000 • ICICI ranked 45th most valuable brand in world

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