RBI cautions co-operative societies against using bank in name

Mumbai, Nov 30  The Reserve Bank of India (RBI) on Wednesday cautioned some co-operative societies against the use of word “Bank” in their names.

“It has come to the notice of RBI that some Co-operative Societies are using the word – Bank – in their names. This is a violation…

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Key Indian equity market indices open lower

Mumbai, Nov 30  Taking a cue from global markets and cautious approach ahead of futures and options (F&O) expiry as well as the second quarter GDP data announcement, the key Indian equity market indices on Thursday opened lower.

The Sensitive Index (Sensex) of the BSE, which had closed…

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Global cues, profit bookings drag equity indices lower

Mumbai, Nov 28  Broadly negative Asian markets and profit bookings depressed the key Indian equity indices during the early morning trade session on Tuesday.

According to market observers, heavy selling pressure was witnessed in oil and gas, metals and capital goods stocks.

At 9.25 a.m., the 30-scrip…

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Retired Admiral seeks probe into judge's 'mystery' death

Mumbai, Nov 27  Retired Admiral L. Ramdas on Monday sought a special judicial enquiry to investigate the sudden death of a CBI Special Judge Brijmohan H. Loya on December 1, 2014 when he was on a private trip to Nagpur.

At the time of his death, Justice Loya, 48, was…

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Thane building collapse: Many feared trapped

Thane (Maharashtra), Nov 24

Several persons are feared trapped under the debris of a three-storeyed building which collapsed in Bhiwandi powerloom town on Friday, an official said.

According to the Disaster Management Unit of Thane, the building collapsed around 9 a.m., in K.G. Nagar, Navi Basti.


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