Market watchdog SEBI is mulling over ways to rein in erring merchant bankers regarding overpricing of IPOs and hyping public issues through misleading advertisements and media reports outside the regulatory ambit
Terming equity investments "unsafe", retirement fund manager EPFO has asked for a Government guarantee to go ahead with the Finance Ministry's demand of investing up to 15 per cent of its funds in stocks.
The state carrier announced the further advancement of payment of allowances to its 29,000 employees, saying they would be disbursed along with the salaries on November 1.
State Finance Minister Setong Sena on Saturday inaugurated the fourth branch of Vijaya Bank in Itanagar and appealed to both nationalised and private banks to open more branches in the state to encourage financial inclusion.
Amid growing voice against certain free trade policies in the US, India on Friday asked G-20 nations to resist protectionism as it would retard the process of recovery.
Many mobile companies are coming up with cheap versions of android phones, giving tough competition to smart counterparts.
Credit growth is slackening, but it is unlikely to have much of an impact on the economic growth, with alternative channels, including foreign inflows, expected to fuel many sectors of the economy.
The Supreme Court, apart from staying the TDSAT order asking for the increase in usage price, also asked Vodafone, Bharti Airtel and Idea Cellular to submit 50 per cent of the fee.
Sensex managed to end in positive terrain after two-week losing string, in view of good Q2 results from key corporates.
While the salaries will be disbursed on November 1 in view of the festive season, PLI and flying allowances would be paid on November 15, citing cash crunch as the reason.