Tuesday, October 2, 2012

Panel bats for review of financial sector laws

Panel bats for review of financial sector laws


Panel bats for review of financial sector laws

Posted: 02 Oct 2012 05:15 PM PDT

"The existing strategy on consumer protection in Indian finance is primarily focused on a caveat emptor doctrine, where consumers are protected from fraud, and there is a program to ensure full disclosure.


RBI hurdle for insurance broking

Posted: 02 Oct 2012 05:03 PM PDT

Banks may not immediately get to sell products of multiple insurance companies as the Reserve Bank of India is not very keen on them being exposed to new risks.


Get ready to pay 17% more for cylinders

Posted: 02 Oct 2012 04:55 PM PDT

Consumers will feel the burnt once they exhaust the quota of 3 subsidized cylinders for the rest of the year from September 14, following which they have to buy cylinders at more than double of Rs 423, what they pay now.


JP Morgan faces civil fraud lawsuit

Posted: 02 Oct 2012 04:50 PM PDT

New York Attorney General Eric Schneiderman filed a civil fraud lawsuit against JPMorgan Chase & Co on Monday over mortgage-backed securities packaged and sold by Bear Stearns.


'Oil companies lost $1bn on petrol sale'

Posted: 02 Oct 2012 04:47 PM PDT

According to Petroleum Planning and Analysis Cell (PPAC), from October 1, the oil firms are paying Rs 42.61 to refiners for every litre of petrol.


Submit revival plan before flying, Kingfisher Airlines told

Posted: 02 Oct 2012 04:35 PM PDT

Kingfisher Airlines may have declared a partial lock-out till Thursday, but sources hinted that the carrier may not be able to restart its flight operations in three days' time.


Food inflation stubbornly high: Gokarn

Posted: 02 Oct 2012 04:26 PM PDT

Food inflation is "stubbornly" high and is a barrier to economic growth, Reserve Bank deputy governor Subir Gokarn said on Tuesday.


Food inflation is stubbornly high: Gokarn

Posted: 02 Oct 2012 09:25 AM PDT

Food inflation is "stubbornly" high and is a barrier to economic growth, Reserve Bank of India deputy governor Subir Gokarn said here on Tuesday.


Investment in infrastructure key to economic growth

Posted: 02 Oct 2012 09:24 AM PDT

Development of infrastructure in India is a key factor for economic growth and for attracting investments while the country demographic profile is better than China, said a senior official of Reserve Bank of India (RBI) here Tuesday.


FDI in retail will benefit farmers: Hooda

Posted: 02 Oct 2012 07:51 AM PDT

"FDI in retail will help farmers. They will get right prices of their produce because companies will purchase directly from them," Hooda said.


Ready to pay salaries soon: Kingfisher

Posted: 02 Oct 2012 12:59 AM PDT

Top officials of beleaguered Kingfisher Airlines today met DGCA chief and promised to pay salaries of the staff held up for last six months in next few days.


India slips to 7th spot globally in coffee production

Posted: 01 Oct 2012 11:49 PM PDT

Even as India remains upbeat on surging demand for its coffee beans in the global market, its planters have reasons to worry as their share in the world production slipped to seventh position in 2011-12.


India slips to 7th spot globally in coffee production

Posted: 01 Oct 2012 11:49 PM PDT

Even as India remains upbeat on surging demand for its coffee beans in the global market, its planters have reasons to worry as their share in the world production slipped to seventh position in 2011-12.


New York sues JPMorgan over mortgage securities

Posted: 01 Oct 2012 11:36 PM PDT

The state of New York filed suit against JPMorgan Chase and its subsidiary JPMorgan Securities on Monday over the allegedly fraudulent sales of mortgage-backed securities ahead of the US financial crisis.

New York sues JPMorgan over mortgage securities

Posted: 01 Oct 2012 11:36 PM PDT

The state of New York filed suit against JPMorgan Chase and its subsidiary JPMorgan Securities on Monday over the allegedly fraudulent sales of mortgage-backed securities ahead of the US financial crisis.

Low festive season sales may impact car cos

Posted: 01 Oct 2012 12:59 PM PDT

According to wholesale numbers released by companies, the majority of players are in the red as showroom walk-ins remain weak on account of higher interest rates and petrol prices as well as pessimistic sentiments.

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