A meeting of local and state financial authorities relate the possible misuse of Urban Cooperative Banks by unscrupulous money launderers.
Sectors
Microsoft asks EU approval to take over Nokia's phone business
Microsoft sought an approval from the European Commission to take over Nokia's phone business in USD7.49 billion deal.
WebMD purchases Avado to shift company focus to Patient Engagement
WebMD's acquisition of tech startup Avado would help the healthcare resource website regain its position back as a market leader.
US Federal Reserve keen to resume massive asset-buying program after government shutdown
Majority of the economists deduced that the size of the US Federal Reserve's bond-buying program would not be tapered.
DoT seeks opinion on legality of fine imposition on Uninor
To provide credence to their power to fine, the Telecommunications Department had a legal opinion drafted on the matter.
Latest News
Clariant and Wendel's Stahl reached an agreement with former to receive millions and shares. Clariant AG, Swiss maker of specialty chemicals, had agreed to sell a leather-treatment unit to French investment company Wendel SA's Stahl, according to a report by Bloomberg.
Apple would be adding public transit directions in its Maps software soon. A job listing for a developer accidentally leaked Apple Inc's plans for its mapping software by mistake.
Asurion's acquisition of Israel-based startup Soluto would reportedly help the former improve its software-centered services.
Intel Corp was reportedly nearing an agreement to exit from its television service business with Verizon Communications Inc.
Intesa Sanpaolo chief executive officer Carlo Messina wanted Italian carrier Alitalia to have Air France-KLM as its industrial partner.
Blue Solutions rose as high as USD18.64 per share in the first day of its initial public offering. Blue Solutions saw its shares jump 30% from issue price in the first day of its initial public offering.
PricewaterhouseCoopers (PwC) would be acquiring Booz & Co for an undisclosed amount. A Reuters report said UK accounting firm PricewaterhouseCoopers (PwC) entered into an agreement to purchase a corporate consulting firm.
Paracetamol is an active ingredient in many drug formulations which now is subject to a USD787 per tonne anti-dumping duty.
Leighton Holdings got sued by own shareholders after the latter claimed they were misled with financial projections.
