IT Update
RBI not defending specific rate -- Jalan Reserve Bank of India governor Bimal Jalan has put his cards on the table stating that the latest set of measures was not designed to defend a specific exchange rate, but that "which is most conducive to promoting orderly conditions in forex markets". State Bank chairman wants CVC to keep off public sector banks The chairman of the State Bank of India (SBI) GG Vaidya has demanded that the investigation of public sector banks by the Central Vigilance Commission (CVC) be scrapped to facilitate better ``customer service''. Dena Bank, UBI hike PLR; SBI may follow suit Following the tough measures by the Reserve Bank of India to check the fall in rupee, Dena Bank and Union Bank of India have announced a 50 to 75- basis point hike in its prime lending rates. But country's largest commercial bank State Bank of India said it would take a decision on PLR hike next week. Adi Godrej is new chief for Godrej group The Rs 3,500-crore Godrej Group - which is in the middle of significant restructuring activities - has announced major top level changes wherein Adi B Godrej has been appointed as the new group chairman. NPPA revises prices of 15 formulations The National Pharmaceutical Pricing Authority (NPPA) has revised the prices of 15 formulation packs including anti-TB, antibiotic, analgesic and antibacterial formulations.
RBI not defending specific rate -- Jalan
State Bank chairman wants CVC to keep off public sector banks
Dena Bank, UBI hike PLR; SBI may follow suit
Adi Godrej is new chief for Godrej group
NPPA revises prices of 15 formulations