New Delhi needs to speed up capital markets, banking reforms, says ADB
India needs to accelerate structural reforms of its financial and capital markets, concentrate on infrastructure and public finace consolidation and strenghthen support for human resource development to ensure sustainability of its reforms process.

Life insurance companies to be allowed to float pension fund
When private companies are allowed in life insurance business, they will be automatically permitted to moot pension fund schemes, N Rangachary, chairman of Insurance Regulatory Authority (IRA), said on Tuesday.

Mumbai high court admits JC Parekh's petition
The Mumbai High Court on Tuesday admitted a petition challenging the order of Securities and Exchange Board of India (Sebi) asking the president of Bombay Stock Exchange J C Parekh to quit office in the wake of rigging of share prices.

  Stock market players see long-term gains
  Screen based Repo trades to take on at NSE says Patil
  Market Round-up
  MMMFs have an edge over savings deposits
  Wide repo market to help FIs, firms manages cash better
  Seagate sets up $25m venture capital fund
  NSE Forecast
  Voltas turns weak after a good rally
  Market remains flat after heavy dose of volatility
  Dundee MF to launch dedicated gilt fund
  Lever disappoints market
  Market Briefing
  Air Products completes open offer for Inox shares
  NPC plans Rs 200cr bond issue in two tranches
  Shares on the move
  Dow sheds early gains, Nasdaq plunges
  Asian markets pause for breath
  No cut in interest rate, disappoint captains