Briefly Business

Relief from pesky calls; DoT to release number

New Delhi: Over 800 million telecom users may get relief from unwarranted calls and SMSes,with the DoT slated to announce a dedicated landline number series that can be used to identify telemarketers within a month.

RBI fines 48 banks for KYC violation norms in 6 months

New Delhi: The RBI has penalised as many as 48 small banks in six months for lapses in implementing customer identification norms and other violations. The bank has so far slapped penalties up to Rs 5 lakh.

SC rejects Gammon plea for duty exemption

New Delhi: The Supreme Court has rejected construction major Gammon Indias petition challenging the government decision to impose custom duty on the machines it imported from Germany.

EU calls emergency meeting as crisis stalks Italy

Brussels: European Council President Herman Van Rompuy has called an emergency meeting of top officials dealing with the euro zone debt crisis for Monday morning,relecting concern that the crisis could spread to Italy.

ICAI against adjournment for Satyam auditors

Coimbatore: Institute of Chartered Accountants of India was against giving any adjournment to auditors accused in the multi-crore accounting scam case in Satyam Computers,a top official of the ICAI said on Sunday.

PSU banks raise lending rates by up to 50 bps

New Delhi: Andhra Bank,State Bank of Bikaner and Jaipur and State Bank of Mysore have raised their minimum lending rates by up to 50 basis points.