RINL offer on way

New Delhi, July 4: The disinvestment department is planning to launch the initial public offer of steel maker RINL in the second or third week of July, a top government official said today. “The RINL offer will hit the streets on the second or the third week of July,” Mohammad Haleem Khan, secretary in the disinvestment department, said.

Barclays

London, July 4: Former Barclays chief executive Bob Diamond acknowledged today that there had been “mistakes” and “reprehensible” behaviour at the bank as he appeared before British lawmakers.

Debit card

Mumbai, July 4: The RBI today said reduction in merchant discount rate for purchases made by debit card payment to 0.75-1 per cent, to come into effect from July 1, would now be applicable from September because of some operational issues.

RIL gas price

New Delhi, July 4: Oil regulator DGH has rejected the price Reliance Industries had proposed for CBM gas saying the process followed was not in conformity with oil ministry guidelines.

Renault Duster

New Delhi, July 4: Car maker Renault today launched a mid-sized sports utility vehicle Duster at an introductory price ranging between Rs 7.19 lakh and Rs 11.29 lakh (ex showroom Delhi).