Banks get ATM freedom
New Delhi, June 12: Banks can now open ATMs with ease. The Reserve Bank of India today authorised banks to install the machines at any place of their choice without having to seek its permission. Earlier, banks could only install the ATMs with the permission of the Reserve Bank at the bank branches and extension counters.
MF rule tweak
Mumbai, June 12: Sebi has changed the norms for valuation of debt securities held by mutual funds. According to the new rule, the fund houses will need to value their funds nearer to the market levels.
Ambani gas tiff
Mumbai, June 12: Bombay High Court is likely to give its judgment on the gas supply agreement dispute between Mukesh Ambani-led Reliance Industries Ltd and Anil Ambanis Reliance Natural Resources Ltd on June 1.
New York, June 12: BlackRock has agreed to buy Barclays Global Investors from British banking giant Barclays for about $13.5 billion in one of the largest deals in the money management industry, creating a juggernaut with nearly $3 trillion in assets.
Anil arm float
New Delhi, June 12: Anil Ambani group firm Reliance Infratel is looking to raise about Rs 5,000 crore through sale of shares, for which it is in talks with a number of private equity firms.