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BofA, UBS, JPMorgan sued
Bank of America Corp, UBS AG, JPMorgan Chase & Co and other banks were sued by a California public utility over claims they rigged sales of municipal derivatives and shared illegal profits through kickbacks.

Orissa SMEs unhappy over state level banks' functioning
Small and Medium Enterprises (SMEs) in Orissa have expressed their resentment over the functioning of the State Level Bankers’ Committee (SLBC), which meets at regular intervals to monitor the flow of credit to the Micro, Small and Medium Enterprises (MSME) sector.

News of the day

Govt says Ambanis apportioning public property
The two-month-long arguments in the legal dispute on gas supply between RIL and RNRL ended today, with the central government’s counsel firing salvoes at both the warring Ambani brothers for apportioning shares in public property.
Online Business

Hello brother

The Ambani brothers may be at war with each other in real life, but that hasn’t stopped them from collaborating in reel life. The Aamir Khan starrer 3 Idiots, a Reliance Big Pictures release (an Anil Ambani enterprise), starts off thanking Mukesh Ambani for giving it permission to shoot at the IIM Bangalore campus — Mukesh Ambani is the chairman of IIM Bangalore. - Tune in, tune out - 3 Idiots set to rake in Rs 65 cr in first 3 days - 3Idiots may pinch as producer seeks higher ticket prices - Battle brews over sharing of revenue from 3 Idiots - Khan versus Khan - Facebook, for those who came in late The film ends with special thanks for Amitabh Jhunjhunwala, a key Anil Ambani aide. It’s not clear if this was only director Rajkumar Hirani’s idea or whether someone in the Anil Ambani camp was trying to be funny.


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