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Koda scam forces banks to tighten cash norms22-NOV-09
The recent case of Union Bank of India getting caught in the crossfire in Madhu Koda dealings has put banks on high alert and most were looking to tighten their scrutiny of transactions, especially those involving large cash movement, senior bank officials said.
Banking regulation prime concern: Fed22-NOV-09
Federal Reserve officials are stepping up scrutiny of the biggest US banks to ensure the lenders can withstand a reversal of soaring global-asset prices, according to people with knowledge of the matter.
Nepal's dethroned king Gyanendra gets first passport21-NOV-09
Nepal's deposed king Gyanendra has for the first time acquired a passport in his name at the age of 64, more than a year after he became a commoner, a Foreign Ministry official said.
T N Ninan: Think the future21-NOV-09
The time may have come for India to stop thinking of five-year plans, and to focus instead on 10- and 20-year scenarios. Long-term scenario-building achieved a new level of popular awareness when Goldman Sachs came out with its Brics report, in 2003 — positing that India and China would become two of the three largest economies in the world in the space of roughly one generation.
Glass fronts and future shock21-NOV-09
Architects and the structures they design pivotal in climate war.
Large shareholders ask Goldman to reduce bonus pool20-NOV-09
Financial service provider Goldman Sachs Group Inc's shareholders have asked the company to cut the size of bonuses to be paid to executives and reward them instead, a media report says.
Moody's may cut Goldman debt rating20-NOV-09
Debt sold by Citigroup Inc, Goldman Sachs Group Inc and JPMorgan Chase & Co is among the $450 billion of securities that Moody’s Investors Service said it may downgrade.
Grin and bear it20-NOV-09
Goldman Sachs: Only time, not public relations, will restore Goldman Sachs’ old aura. Its $500 million plan to support 10,000 US small businesses alongside Warren Buffett is praiseworthy. But some $17 billion in accrued pay for nine months of work and continuing rumblings of bailout favouritism risk making it look nothing but a PR gesture.
FinMin wants to oversee FMC's functioning19-NOV-09
The finance ministry seems to have changed its stand on regulating commodity futures. The ministry has proposed that the commodity futures market regulator, the Forward Markets Commission (FMC), can remain independent for the time being. It was earlier insisting that it be merged with the capital market regulator, the Securities and Exchange Board of India (Sebi).
Potato yield likely to go down in Punjab18-NOV-09
The per hectare yield of potato is likely to be affected by 5-10 per cent in Punjab, mainly due to prolonged heat and late kharif season. However, the area under potato cultivation would be slightly more or less same this year as compared to 81,082 hectares last year, according to the experts.
Cricketers lose their edge in brand endorsement stakes18-NOV-09
The heat from the cricket endorsement pitch is cooling, with rates falling between 25 and 50 per cent as advertisers shy away from new deals.
Sachin's bat on eBay auction17-NOV-09
All Sachin Tendulkar fans, who are already on a high celebrating the master blaster's 20 years in international cricket, have another reason to rejoice as they now have a chance to own a bat autographed by him.
Koda effect: Govt seeks audit of UBI branches17-NOV-09
Taking a serious note of Union Bank of India (UBI) not reporting high-value transactions to it, the government has asked the state-owned bank to immediately carry out an audit of all its branches to check for such large deposits that have gone unreported.
Himalayas inspired '2012'17-NOV-09
When director Roland Emerich was looking for a image that would sum up the apocalyptic tone of his blockbuster 2012, he could only conjure up one picture, the Himalayas being flooded.
Govt hopes to clear EOC Bill in winter session16-NOV-09
The government has accepted almost 95 per cent of the Sachchar Committee recommendations, including the setting up of an EOC, to better the lot of minorities, the minister said while addressing a media interaction here.
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