India's leading on-line publication and e-commerce site Rediff on Friday entered into an alliance with CitiBank to boost Internet trade especially during the festival seasons. As per the agreement, over one million credit card users of the bank can avail discounts and receive guaranteed gifts on the shop for the first time on the Rediff.Com site, a statement said.

CanBank Futures products

CanBank Futures Ltd, a subsidiary of Canara Bank, has planned a host of new products including new variants of factoring to take its turnover to Rs 700 crore by the end of this fiscal. CBL will introduce "undisclosed factoring" selectively "invoice discounting". It has already obtained licence from the RBI to enter export factoring and necessary preparatory work is being undertaken.

BoI unveils 7-day banking

Bank of India on Friday introduced 7-day banking in seven of its primerly located branches in Delhi. The bank plans to introduce "extended business hours" or double shifts at three other prime locations from October 20. The bank has ambitious plans to network its 500 major branches covering over 60 per cent of its business.

RBI rejects registration applications

The RBI has rejected the applications of Damania Capital markets of Ahmednagar and three other finance firms for grant of a certificate of registration.The other firms are Siddarth motor finance of Delhi, Damyanti Credit & Financial services of Visakhapatnam and Devesh trade credit of Calcutta.

HSBC seminar

HSBC is organising a seminar on "India the emerging Force in the New Millennium"" under the aegis of the business leaders forum on October 18.