Court dismisses 2,300 petitions challenging bar on deposit mopup
The Karnataka high court has dismissed 2,300 writ petitions filed by unincorporated bodies and partnership firms challenging the validity of the Section 25 S of the Reserve Bank of India Act, 1934, which prohibits unincorporated bodies from accepting deposits from the public.

Newspaper industry hit by economic slowdown
The sluggishness in the economy has impinged on the operations of the newspaper industry which is currently passing through a critical phase on account of escalation in costs and liquidity problems.

"Contingency plan in place to tackle Hazira oil block"
The Centre is taking urgent measures to tackle the oil blockage on the Hazira-Bijapur-Jagdishpur (HBJ) pipelines caused by floods in Surat and Vadodara in Gujarat. Alternate arrangements for fuel are being made from Mumbai and Haldia.

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