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Limitation period in SE disputes widens
The Securities and Exchange Board of India (SEBI) has issued directions to stock exchanges to amend their bye-laws to give discretion to the exchanges to extend the period of limitation for initiating claims under the arbitration mechanism of the exchanges, for a period of three months beyond the currently applicable limitation period of six months. http://smallpersonalloans.org.uk

Investors rush to safer places
Global commodities experienced a steep fall today, as investors and hedge funds across regions unwound their long positions after the news of Dubai’s debt crisis. Most commodities were down today between three and five per cent as the dollar strengthened. In late afternoon trade, however, prices recovered.

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Sterlite Energy bags 1st ultra mega power transmission project
Vedanta Group company Sterlite Energy is believed to have bagged the country"s first ultra mega power transmission project, breaking the decades old monopoly of state-run PowerGrid Corporation.
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Canara Bank cuts home loan rates

As part of the festival offer, Bangalore-based public sector lender, Canara Bank, has reduced the rate of interest on all fresh home loans from September 10. The rates have been cut 0.25 per cent. - Canara Bank cuts home loan rates - RBI frowns on sub-PLR loans, bankers resist - Canara Bank cuts housing rates by 0.25% - Banks may have two BPLRs - Union Bank not to cut lending rates despite fall in cost of funds - Canara Bank receives award for rural financing The new rate of interest on all new home loans up to Rs 30 lakh will be eight per cent for the first 12 months, nine per cent for the next 48 months and BPLR 2.50 per cent subject to a minimum of 10 per cent thereafter. Similar changes have been effected for all new home loans above Rs 30 lakh and up to Rs 1 crore. The revised rate will be 8.75 per cent for the first 12 months, 9.50 per cent for the next four years and BPLR 2 per cent with a minimum of 10.50 per cent thereafter, a bank statement said.


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