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Sensex tanks 460 pts; lowest since March

MUMBAI: A benchmark index for Indian equities on Wednesday closed at its lowest level since March this year, ending 460 points lower on growing investors’ risk aversion.

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CNG price to be hiked by 20%

NEW DELHI: The price of compressed natural gas (CNG) is expected to rise by 20 per cent with the Union cabinet almost doubling the rate at which it is marketed by two state-owned exploration majors, it was announced on Wednesday.

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Enhanced security features in bank cheques

By Tensing Rodrigues
I have been told that RBI is making a major change in bank cheques and that after some time the cheques we are using now will not be usable. Could you please let us know what the matter really is? - Keshav Dhume.

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Bharti seeks more policy changes

MUMBAI: India’s leading telecom player Bharti has asked the government to usher in greater and innovative policy changes to ensure the country witnesses a broadband revolution on the lines of the mobile phone success.

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CSB for self-sufficiency in silk production

BANGALORE: Central Silk Board (CSB) has set a target to achieve self-sufficiency in silk production by the end of 12th Plan period, its chairperson, Mr H Hanumanthappa said on Tuesday.

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Bank of Rajasthan to merge with ICICI Bank

NEW DELHI: Trouble-torn Bank of Rajasthan on Tuesday announced that it would merge with India’s largest private sector lender ICICI Bank.
An agreement for amalgamation was reached today between ICICI Bank and BoR, which as per Tuesday’s share price is valued at Rs 1,500 crore. BoR shares surged 20 per cent to Rs 99.50.

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Greece receives EU part of bailout loan

ATHENS: Greece received euro14.5 billion in bailout loans from 10 other European Union countries on Tuesday, the finance ministry said, just a day before a crucial debt refinancing deadline that threatened the country with default.

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