New RBI norms for forward rate, interest swap
The Reserve Bank of India on Wednesday permitted commercial banks, primary dealers (PDs) and all India financial institutions (FIs) to undertake forward rate agreements (FRAs) and interest rate swaps (IRS).

SEBI directs CMF to bow to investors wishes
The Securities and Exchange Board of India (SEBI) has scuttled the grand plan of Canbank Mutual Fund to unilaterally convert one of its schemes into an open-ended fund.

UK sale slams Indian gold prices
The UK move to auction gold reserves pulled down prices on the Bombay bullion market on Wednesday. Gold prices nosedived by Rs 70 per ten gram due to the sharp fall in the international prices which was triggered by the gold auction by the Bank of England (BOE).

  Pivotals suffer setback
  German firm buys stake in Porrits for 3 million pounds
  Omni pushes up Maruti sales 17%
  Diet Coke may be launched soon
  MRTPC penalises Essar Steel
  High-level delegation to discuss Indo-Oman project
  Ranbaxy to target Latin American markets
  ACC registers 22 pc growth in despatches
  Cox Communications Inc to buy AT&T system
  PSU disinvestment may not revive market
  Brokers oppose SEBI badla plan
  Sundaram plans tax saving fund
  Rupee again falls against dollar
  Bizbits
  Aptech ties up with MAHE for IT course