RBI may make electronic clearing of dividends mandatory
The Reserve Bank of India is likely to make it mandatory for corporates to route dividend and interest payments through its electronic clearing service (ECS). RBI has proposed to extend ECS to 29 new centers in addition to the existing 16 centers.

CARE retains AA- (SO) rating for Maharashtra SPV's bond issue
Credit Analysis & Research Ltd (CARE) has stuck to the AA- (SO) rating on Maharashtra despite the state's deteriorating financial health.

Tocom precious metals end firmer on steady dollar
Yen-based precious metal futures closed mostly firmer on Thursday reflecting a stable dollar against the yen, but their topside was blocked after heavy losses in New York overnight, traders said.

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