High rise fire safety audits to be completed in a month: MCGM

The Municipal Corporation of Greater Mumbai (MCGM) has said that it will ensure that fire safety audits of all multi-storey buildings are completed in a month. The announcement comes in wake of the death of a fire fighter during a fire at a suburban commercial high-rise last week.Mumbai Mayor Sunil ...

Trading in currency derivative space to be guided by RBI: SEBI

Market regulator Securities and Exchange board of India (SEBI) has said any trading activity of banks in the currency derivative space will be guided by Reserve Bank of India (RBI) guidelines. The SEBI , in a circular issued in Mumbai said that banks, whether participating in the currency derivative...

EU extends Russia sanctions

The European Union will add to its sanctions list 15 Ukrainian and Russian individuals and 18 entities over their role in the Ukraine crisis, an EU source said in Brussels today.The source said the 18 entities will be made up of nine companies and nine institutions, such as the local authorities set...

Fire safety audits of all multi-storey buildings to be completed in a month: MCGM

The Municipal Corporation of Greater Mumbai (MCGM) has said that it will ensure that fire safety audits of all multi-storey buildings are completed in a month. The announcement comes in wake of the death of a fire fighter during a fire at a suburban commercial high-rise last week.Mumbai Mayor Sunil ...

Trading in currency derivative space to be guided by RBI guidelines : SEBI

Market regulator Securities and Exchange board of India (SEBI) has said any trading activity of banks in the currency derivative space will be guided by Reserve Bank of India (RBI) guidelines. The SEBI , in a circular issued in Mumbai said that banks, whether participating in the currency derivative...

CBI begins probe into Adani Group over-invoicing case

CBI has begun an inquiry into the alleged inflated credit facility availed from banks by Adani Group by over-invoicing for importing power sector equipment to the tune of 2300 crore rupees. CBI sources said the Adani Group had allegedly taken credit facilities from several public sector banks for eq...

More scrutiny needed over non-banking financial institutions: RBI Governor

RBI Governor Dr Raghuram Rajan on Thursday said that more scrutiny is needed over non-banking financial institutions while the public sector banks already work under the supervision of multiple agencies.Speaking at the Central Bank in Colombo this evening on the need for Capital regulation, Dr Rajan...

Govt okays 19 proposals of FDI amounting over Rs. 2,326 crore

Government has approved 19 proposals of Foreign Direct Investment, FDI amounting to over Rs. 2,326 crore.The proposals are related to pharmaceuticals, broadcasting, single brand retail trade and Construction and Development. An official release said that the highest 1,100 crore rupees FDI proposal o...

CPI(M) on Thursday criticized the NDA government over the cabinet decision to raise FDI cap in insurance sector to 49 per cent.Talking to reporters outside the Parliament, Party leader Sitaram Yechury questioned BJP's move to raise the cap in insurance sector, which it had opposed earlier w...

FIs allowed to take fresh positions in IRF on NSE, BSE

Foreign investors were on Thursday allowed to take fresh trading positions in interest rate future on the two leading exchanges NSE and BSE.The two bourses had barred any fresh position in this segment last month after overall foreign investment limit in debt securities breached the 90 per cent thre...