Briefly Business: Plan ahead of investor schemes: PAC to Sebi

Plan ahead of investor schemes: PAC to Sebi

New Delhi: The Public Accounts Committee has asked Sebi to do proper advance planning before any new scheme,so that investors money is not wasted on programmes that are launched in haste and abandoned later.

Reebok tells unhappy partners to exit

new Delhi: Reebok India has asked its franchisees,who are unwilling to move to a new business model,to liquidate products at discounts of up to 50 per cent,while giving them time till November-end to exit.

SC verdict on Sahara plea against SAT today

New Delhi: The Supreme Court will on Friday pass its judgement on Sahara Groups plea challenging the Securities Appellate Tribunal order directing two of its companies to refund around Rs 17,400 crore to their investors.

Union Bank cuts vehicle loan rates

Mumbai: Union Bank of India has said it has cut interest rates on vehicle loans by 1.55-2.55 per cent to a flat 10.95 per cent on zero to seven-year tenor with immediate effect.

TDSAT allows Airtels plea against TTSL

New Delhi: TDSAT has upheld plea of Airtel claiming dues of Rs 287 crore from Tata Teleservices for SMS termination charges.

UltraTech has invested R12K crore: Birla

New Delhi: UltraTech Cement plans to increase its manufacturing capacity t and has already undertaken a capital expenditure of Rs 12,000 crore ,chairman Kumar Mangalam Birla said.

Corp Bank to cut interest rates

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New Delhi: Corporation Bank will slash interest rates on home,car and educational loans from September 1 for 3 months.

Barclays appoints Jenkins as CEO

London: Barclays Plc,which was hit by the interest rate manipulation scandal,has appointed Antony Jenkins as its new group chief executive.