Pension fund returns

New Delhi, May 24: The Pension Fund Regulatory and Development Authority (PFRDA) will ensure safety and decent returns from proposed pension schemes. ?I can assure that apprehensions about the safety and returns on the new pension schemes will be taken care of by the interim regulator,? its chairman D. Swarup said today. The new pension scheme, which was announced by the finance ministry last year, proposed no assured returns but promised higher returns over the long term.

Elder Pharma

Mumbai, May 24: Citigroup International Finance Corporation has picked up a 7.3 per cent stake in Elder Pharmaceuticals. Elder Pharma made a preferential allotment of 12.8 lakh shares or a 7.30 per cent stake to Citigroup.

Pak trade

Karachi, May 24: The economic managers of India and Pakistan should plan a roadmap and remove roadblocks to bilateral trade, Pakistan minister of state for commerce Hamid Yar Hiraj told a joint meeting of Ficci and its Pakistani counterpart, the Federation of Pakistan Chambers of Commerce and Industry, here.

Ranbaxy move

New Delhi, May 24: Ranbaxy Laboratories Ltd today launched its approved generic formulation of clarithromycin immediate release (IR) tablets in the US market.

WTO services

New Delhi, May 24: The commerce ministry is readying a "revised and more ambitious" offer to the WTO on services and will go to the cabinet later this week for approval.