New trade agreement to boost India-Russia trade
India and Russia have reached agreement to break out of the rupee-rouble trade arrangement and adopt the convertible currency trade, with the purpose of involving the private sectors of the two countries, in order to boost the current low level of bilateral trade turnover.



RBI hints at stricter prudential norms
RBI has exhorted banks to prepare themselves for more stringent prudential norms in the next few years, in line with the international standards.



Falling sales, VRS pull BAL's net down by 78%
Country’s largest two-wheeler firm, Bajaj Auto on Tuesday performed worse than expected in the third quarter as net profit crashed by 77.86% due to tumbling scooter sales and provisions for Voluntary Retirement Scheme.



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