Subsidiary route: HSBC says ready to follow RBI norms
British banking major HSBC is willing to take whichever route the Reserve Bank prescribes for it to operate in the country, including going the subsidiary way, a top official has said.
Gold improves on retail buying, silver slides
Gold prices continued to move up at the domestic bullion market today on sustained demand from retailers and jewellers at current levels amid good investment off-take.
Hyderabad blasts: NIA gets custody of 2 IM operatives
A Delhi court today granted NIA four-day custody of two alleged Indian Mujahideen operatives to further interrogate them in connection with the Hyderabad twin blasts that left 16 dead.
Sensex down 143 points, bank shares hit by money laundering fears
The BSE benchmark Sensex today fell by 143 points on heavy selling in private banks, including ICICI Bank and HDFC Bank, following government’s promise that action will be taken against the guilty in alleged money laundering scam.
Bank suspends Bitti Mohanty
The State Bank of Travancore has suspended Raghav Rajan, the probationary officer working with them and said to be Bitti Mohanty, convicted in the 2006 German woman rape case and now in police custody seven years after he jumped parole.
60 Indian fishermen arrested by Sri Lankan navy
At least 60 fishermen from Tamil Nadu were arrested by Sri Lankan navy personnel while fishing near Katchatheevu today, an official from fishermen association said.
Sensex down for 3rd day, falls 202 points to one-week low
The BSE benchmark Sensex today fell for the third straight day by losing 202 points to end at one-week low of 19,362.55 on sustained profit selling as foreign brokerages including Morgan Stanley cut India’s FY’14 GDP forecast, amid a weakening global trend.
Cops release sketch of cycles used in blast
The Andhra Pradesh police has released sketches of a bicycle used in the twin bomb blasts in Dilsukhnagar here in February which killed 17 and had injured more than 100 people.
Cong big gainer in K’taka polls
The Opposition Congress in Karnataka put up a sterling performance in the elections to urban local bodies as political heavyweight B.S.
Koodankulam nuke plant: Cops thwart sea siege plan
Around 2,500 country-craft fishermen, led by PMANE coordinator S.P. Udayakumar, participated in a sea siege protest on Monday, demanding the scrapping of the Koodankulam nuclear power project.