Pressing various demands, the United Forum of Bank Unions, representing employees of public and private sector banks, has decided to observe a one-day nationwide strike on December 19. A decision on this was taken recently, UFBU said in a statement on Friday. The United Forum of Bank Unions deliberated at length about the anti-people policies of the government, especially with regard to the banking reforms, which are bound not only hit the common people but also the resources of the country, it said.
Cases disposed of against Anand Rathi
Sebi has disposed of matters against Anand Rathi Share & Stock Brokers and Arcadia Share & Stock Brokers for alleged violation of broker norms in two different cases, saying the charges could not be established.
Tata AIG says may not need fresh infusion
Private sector general insurer Tata AIG has said it may not require fresh capital infusion from parent companies since its internal acrruals would take care of its future growth.