Postal services returning to normalcy
The government on Monday claimed that postal services across the country were fast returning to normalcy with two of the three employees federations calling off the strike on Sunday night even as one federation decided to continue with the stir.

LS passes Nabard Bill
The Lok Sabha on Monday passed a bill to provide more functional autonomy and operational flexibility to Nabard besides widening its equity base from the current Rs 500 crore to Rs 5,000 crore. Titled `National Bank for Agriculture and Rural Development amendment bill,' it also proposes to change the status of Nabard to a development bank.

MTNL union withdraws strike notice
The Mahanagar Telephone Nigam Ltd (MTNL) staff union of Class III and IV employees on Monday withdrew its indefinite strike notice from December 19, after the government accepted its major demands related to wage revision and other benefits.

RBI employees to join bank strike
The RBI will remain closed with the rest of the banking industry on December 21 as the All India Reserve Bank Employees Association on Monday decided to join the proposed countrywide bank strike.

Bharti Tele mulls ADR issue
Bharti Televentures, holding company for all basic and cellular services of Bharti Group promoted by the Mittals, is considering an American Depositary Receipts or Global Depositary Receipts issue next year to fund its future plans.

Cement prices up by Rs 5 a bag
Leading cement manufacturers in Mumbai on Monday undertook yet another round of price increases. Cement prices have been hiked by Rs 5 per 50 kg bag. With this increase, retail cement prices in Mumbai have now skyrocketed to Rs 190-Rs 195 per 50 kg bag.