INTERNATIONAL Drop in US retail sales sparks concerns on recovery Washington: US retail sales fell a steeper than expected 0.9 per cent in May, the government said on June 13, prompting concerns about the pace of the US economic recovery.
US eases pollution rules for upgraded power plants Washington: The US administration on June 13 announced relaxed pollution standards for utilities upgrading old power plants, a move that immediately drew fire from environmentalists.
NATIONAL Government set to introduce Banking Reforms Bill New Delhi: The government is all set to introduce in Parliament the much-awaited Banking Reforms Bill, which would grant banks more powers to recover their dues from defaulters and reduce non-performing assets (NPA) of banks and Financial Institutions (FI), now at over Rs 100,000 crores
Low inflation, interest rate to continue: Sinha New Delhi: India will continue to pursue a twin policy of keeping inflation rate in check and maintaining a soft interest rate regime as part of efforts to bring the Indian economy at par with the best in the world.
BSNL to launch GSN-based cellular services soon Chennai: The long pending national roll out of Bharath Sanchar Nigam Limited's (BSNL) government satellite network (GSN) based cellular services is expected in the next three months, perhaps even earlier, Prithipal Singh, chairman and managing director, BSNL said on June 15
Buying support helps SENSEX soar by 2.93 pc Mumbai: Powered by steps taken by India and Pakistan to defuse the tense military standoff, strong stocks rally lifted the SENSEX by another 2.93 per cent over the week on the Bombay Stock Exchange (BSE) that still faced adverse activity by foreign funds
MD & CEO of Lord Krishna Bank resigns Kochi: R P Gupta, managing director and chief executive officer of the Lord Krishna Bank (LKB), has resigned on June 15, bank sources said.
