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PFRDA may take up SBI employees pension corpus
Country"s largest lender State Bank of India"s (SBI) pension corpus could be regulated by the Pension Fund Regulatory and Development Authority (PFRDA), opening a new area for the interim regulator.

Short-term downtrend in force
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Back to the USSR: MEA culpa
A minor storm is brewing in Indo-Russian relations over Delhi’s refusal to transfer properties in the name of the Union Soviet and Socialist Republics (USSR) to the name of the Russian Federation, considered worldwide to be the inheritor state of the USSR.
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Rio Tinto to sell Alcan Composites for $349mn

Anglo-Australian mining giant Rio Tinto today said it will sell building products maker Alcan Composites to Swiss firm Schweiter Technologies for $349 million. Rio Tinto, in a statement, said that it has entered into an agreement to sell Alcan Composites, part of the Alcan Engineered Products division, to Schweiter Technologies for a total consideration of $349 million.


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