Mumbai: Public sector Indian Bank has revised its Foreign Currency Non-Resident (B) and Non-Resident (External) deposit interest rates with immediate effect. A statement from the Chennai-headquartered bank said for FCNR (B) deposits the revised interest rate has been fixed at 1.86 percent for deposits of one year and above but less than two years (1.80 percent existing), 1.56 percent for deposits of two years and above but less than three years (1.51 percent existing), 1.72 percent for deposits of three years and above but less than four years (1.67 percent existing). The interest rate for deposits of four years and above but less than five years has been revised to 1.98 per cent (1.95 percent existing) and 2.24 percent for deposits of five years (2.28 percent existing). For NRE term deposits, revised interest rates has been fixed at 2.61 percent for one year and above but less than two years (2.55 percent existing); 2.31 percent for two years and above but less than three years (2.26 percent existing) and 2.47 percent for deposits of three years and above but less than five years, the statement added. Kalpathi Group acquires IT Park for $10 mn - Entertainment and private equity firm Kalpathi Group has acquired Information Technology Park Rantech Towers, located on the famous IT corridor here, for around USD 10 million. The eight storeyed building is spread over 2.2 lakh square feet and has two stilt floors exclusively for parking about 175 cars and 200 two-wheelers, a company statement said. "With the six laning of the OMR (Old Mahabalipuram Road), where the Towers is located, increasing number of companies were opting to expand their business in South Chennai combined with the housing complexes that are coming up," Kalpathi Group Chairman Kalpathi S Suresh said. G S Prasad takes over as CEO of RSP - Rourkela Steel Plant today said Gouri Shankar Prasad has taken over as its Chief Executive Officer after the retirement of S N Singh yesterday. Prasad, was the Executive Director of the Centre for Engineering and Technology (CET) at Ranchi before he was elevated to the position of Rourkela Steel Plant (RSP) CEO. He joined RSP in 1977, and has worked in RSP, Durgapur Steel Plant and Bhillai Steel Plant. Prasad in a message to employees and executives of RSP expressed immense happiness over his return to Rourkela. "RSP has always been close to my heart and I will do my utmost to materialise our collective dream of making it a model steel plant," he said.