Briefly Business: ‘FSA deadlock may end with PMO intervention’

The Coal Ministry expressed hope the deadlock over fuel supply pacts with the Power Ministry would end within 15 days with the intervention of PMO

Written by Express News Service | Published: July 5, 2012 1:26:45 am

‘FSA deadlock may end with PMO intervention’

New Delhi: The Coal Ministry on Wednesday expressed hope the deadlock over fuel supply pacts with the Power Ministry would end within 15 days with the intervention of PMO which is meeting next week. “I am hopeful it will be resolved in 15 days,” Coal Minister Sriprakash Jaiswal said.

Services sector outlook better: HSBC Index

New delhi: India’s services sector grew at a marginally slower pace in June. The HSBC services PMI fell to 54.3 in June from 54.7 in May.

Debit card commission fee cut deferred

mumbai: The RBI has said reduction in merchant discount rate for purchases made by debit card payment to 0.75-1 per cent,which was to be effective from July 1,will now be applicable from September 1.

Ex-Barclays CEO admits mistakes,says action taken

London: Former Barclays chief executive Bob Diamond acknowledged on Wednesday that there had been “mistakes” an as he appeared before British lawmakers.

RINL IPO to hit market by 3rd week of July: DoD Secy

new Delhi: The Disinvestment Department is planning to launch the IPO of RINL in second or third week of July,Mohammad Haleem Khan,Secretary in the Department of Disinvestment said.

Manchester United picks NYSE for US public offering

new YOrk: Manchester United has picked the New York Stock Exchange to make its stock market debut,ending months of speculation.

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