Centre plans trust to manage ESOPs for PSU staff
Government is weighing the option of setting up a trust to manage ESOPs for PSU employees. The trust is likely to be preferred over direct delivery of ESOPs to the employees so that sudden, heavy selling in the market could be avoided.

Normal monsoon may fail to cool down inflation, feel economists
"Inflation is expected to shoot up to over 6%, but the next two months are highly critical as traders are watching and any let-up in the monsoon clouds will lead to price hikes," said BB Bhatacharya, a leading economist with Institute of Economic Growth (IEG).

Allahabad Bank to unveil three new products
The Calcutta-based Allahabad Bank has developed three new products -- collect and pay services, guaranteed credit services and direct deposit services -- under its cash management services, launched about two years ago.


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