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High-level FSDC won’t be a super regulator: Pranab

KIRNAHAR (WEST BENGAL): Asserting that financial sector regulators like RBI and SEBI would continue to enjoy powers, the Union Finance Minister, Mr Pranab Mukherjee has said that the proposed high-level financial council FSDC will deal only with inter-regulatory issues and not act like a super-regulator.

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Sensex tanks by 370 pts on panic selling

MUMBAI: The BSE benchmark Sensex tanked by over 370 points on Friday on panic selling across counters sparked by Infosys’ disappointing guidance for the rupee exchange value, though its second quarter earnings beat expectations.

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