Bank, FI insurance dreams shattered
Huge level of non-performing assets (NPAs) have virtually dampened the chances of big banks and financial institutions entering the insurance sector in the near future.



Govt mulls ordinance route to amend TRAI Act
The Government may consider using the ordinance route for amending the Telecom Regulatory Authority of India (TRAI) Act. Telecom companies have made written submissions to the sub-group on amending the TRAI Act asking them to give adjudicatory powers to the TRAI even in cases where disputes are between the Government (read Department of Telecommunications or DoT) and private operators. The industry has also demanded that the TRAI be given powers to enforce the awards announced by them.



Qualis priced at Rs 4.5 lakh
Giving a hot chase to Mahindra & Mahindra, Japan-based Toyota Motor Corporation (TMC) launched its maiden offering for India - multi-purpose vehicle `Qualis' - with a base model price tag of over Rs 4.5 lakh.



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Stocks whipped, Sensex loses 222 pts
RPL completes27 mt refinery
HDFC net profit jumps 23%
Re weakens further against dollar
NSE suspends trading in 3 companies
Infy, Satyam profits spurt, shares down