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Banks to pay for cheque clearance delay

Banks to pay for cheque clearance delay

In a big relief to the bank customers, the Reserve Bank on Monday asked the banks to compensate them for delay in clearance of local cheques. Banks, as per the…

BSE Sensex recovers at mid-session on fall in July inflation

BSE Sensex recovers at mid-session on fall in July inflation

Buying in bluechips, led by banking stocks, after data showed that inflation in July declined , helped the BSE benchmark Sensex recover at mid-session on Tuesday. Track markets live At…

Inflation declines to 6.87 per cent in July vs 7.25 per cent in June

Inflation declines to 6.87 per cent in July vs 7.25 per cent in June

Inflation declined to 6.87 per cent in July, mainly driven by higher food prices, government data showed on Tuesday. Inflation, as measured by the Wholesale Price Index was 7.25 per…

China data signals economy may need urgent policy action

China data signals economy may need urgent policy action

Chinese data dealt policymakers fresh blows on Friday as trade and new bank lending suggested pro-growth policies have been slow to gain traction and more urgent action may be needed…

MCX-SX gets Sebi, RBI approval for currency options

MCX-SX gets Sebi, RBI approval for currency options

MCX Stock Exchange (MCX-SX) on Sunday said it has received approvals from market watchdog Securities and Exchange Board of India (Sebi) and banking regulator Reserve Bank of India (RBI) to…

Sun Pharma Q1 net profit rises 59%

Sun Pharma Q1 net profit rises 59%

Drug major Sun Pharma on Friday posted a rise of 58.79 per cent in consolidated net profit at Rs 795.55 crore for the first quarter ended June 30, 2012, on…

Raghuram Rajan to take over as new chief economic advisor

Raghuram Rajan to take over as new chief economic advisor

Former International Monetary Fund chief economist Raghuram Rajan has been appointed as the new chief economic advisor who would replace Kaushik Basu. The Appointments Committee of the Cabinet approved his…

Ground realities may hurt Chidambaram’s agenda

Ground realities may hurt Chidambaram’s agenda

Faced with impatient financial markets and the threat that India’s credit rating could be cut to junk, Chidambaram has wasted no time since moving into his old ministry last week.…

Rs 26,000 crore left unclaimed in bank, provident fund accounts

Rs 26,000 crore left unclaimed in bank, provident fund accounts

Investors have not claimed over Rs 26,000 crore from their provident fund (PF) accounts, insurance companies and bank fixed deposits, data released by the finance ministry revealed. A large part…

Govt unveils pension scheme for Indians living abroad

Govt unveils pension scheme for Indians living abroad

The government is promoting a new Pension and Life Insurance Fund (PILF) scheme in a bid to provide financial security to poor Indians working abroad. PILF is for Indian workers…