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RBI may absorb excess liquidity: economists to Ficci
Ahead of the Reserve Bank of India"s (RBI) credit policy review later this week, economists today said the central bank may suck out excess liquidity from the system by asking banks to keep more cash with it to tame the surging inflation.

India Inc pitches for interest rate cut to sustain growth
India Inc today described 6.8 per cent rise in July industrial output as "evidence of recovery" and pitched for a cut in interest rate saying it was necessary to sustain the growth momentum.

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Kharif crop output to fall 15-20%: FM
Finance Minister Pranab Mukherjee said the production of Kharif or summer crop would decline by 15-20 per cent, as 252 districts in 10 states are drought-hit.
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BSE receives complaints against 228 listed firms

The Bombay Stock Exchange (BSE) today said it received 357 complaints against 228 listed companies and resolved 317 complaints against 239 listed companies in July. - DIIs net buy Rs 444 cr, FIIs net sell Rs 126 cr - HCL Infosystems plans to raise Rs 825 cr via securities - India Cements ED Ramachandran resigns - IOC gains on LPG outlet increase plans - Aditya Birla up on stake sale plan in financial arm - Indusind Bank at 52-week high on QIP issue The resolved complaints include those brought forward from previous periods, the exchange said in a press release. Complaints were received against 323 active companies while 34 complaints were against suspended companies. The complaints are under five categories. Three categories include non-receipt of refund orders/allotment letters/stock invest, non-receipt of dividend/interest and non-receipt of share/debenture certificates after transfer/endorsement/conversion and bonus shares. The other two categories of complaints relate to non-receipt of annual reports, right forms/interest on delayed receipt of refund order/dividend, etc, and non-receipt of credit with depository participants, the release said. Of the 317 complaints resolved, 282 were against active companies and 35 against suspended companies. Vatsa Corporation had the highest number of complaints pending (1,054) at July end followed by Pentafour Products and Mukerian Papers with 271 and 170, respectively in the same period, the release said.


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