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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…

Goa could shut down nearly 10 illegal mines

Goa could shut down nearly 10 illegal mines

Goa Chief Minister Manohar Parrikar has told the monsoon session of the legislative assembly that 40 mining leases, of which around eight to 10 mines are operational, could be cancelled.…

Sensex flat amid weak global cues

Sensex flat amid weak global cues

Amid a weak trend in Asian region and disappointing industrial production data for June, the BSE benchmark Sensex fell for the third day in a row and lost over 33…

Sensex ends flat, Bharti tanks 6.6%

Sensex ends flat, Bharti tanks 6.6%

After touching a fresh four-month high, the Sensex surrendered gains to close flat at 17,600.56 points today with investors booking profit in the last hour of trade taking cues from…

Teaser home loans can be freely pre-paid during floating rate phase

Teaser home loans can be freely pre-paid during floating rate phase

Borrowers who availed of dual rate home loans, which were hugely popular between 2009 and 2011, will be allowed to pre-pay loans during the floating rate phase without a penalty.…