The Obama administration plans to unveil its sweeping plan to overhaul financial regulation on June 17, according to a source familiar with the US treasury department.

NTPC, which has alloted five captive coal blocks, has approached the Centre with an appeal to reduce the long time taken for processing forestry clearance.

This is desi social democracy minus regressive communist obsessions. UPA II's first formal policy stance, available to us via the President's parliamentary address, has social democracy's classic strengths and weaknesses.

The Haryana government has drawn a massive investment plan of Rs 1,793.95 crore for the current financial year to strengthen the power distribution system in the state.

Unveiling its priority roadmap for the next five years, the two week old UPA government on Thursday said it would put the focus on internal security and maintaining of communal harmony, consolidation of flagship programmes and creating infrastructure while uplifting

The Institute of Financial Advisers' new disciplinary bylaws to bring it in line with other professional organisations have been passed by its membership at its council meeting last month.

St Laurence Property & Finance (SLPF) has reported a net after tax loss of $87.2 million for the year to March 31, blaming the loss largely on property writedowns.

Joint venture partners ING and ANZ have stumped up with $400 million in a revised offer to investors in ING's two CDO funds that will sidestep the need for a unitholder vote and stave off further legal action.

Eosaver, the KiwiSaver scheme owned by Australian firm Eo Financial Services, has decided the market is too crowded and, rather than look for an alternative, has become the first provider to walk out the door.

New Zealand will increase its bond sales by 55% this year as the shrinking economy erodes tax revenue, forcing the government to fund its operations via debt.

JPMorgan Chase has decided to part ways with its investment unit that focuses on areas like hedge funds, leveraged buyouts and real estate.

Morgan Stanley has hired Clark Hutchison and Bill Templer for its exchange-traded futures and options business.

ANZ has received approval from the China Banking Regulatory Commission (CBRC) to open a branch in the southern Chinese city of Guangzhou.

FINMA, the Swiss bank regulator, has asked Swiss banks to link employees' bonus plans to long-term performance, in order to limit excessive risk-taking by 2010.

Citi has launched Fund Governance Portal (FGP) that provides its mutual fund servicing clients to access real-time data, critical documents and links that are essential to managing a fund's business.

Replacing the current sponsor AIG, Manchester United has announced a global partnership and sponsorship agreement with Aon Corporation, an insurance and reinsurance broker.

ICICI Prudential Life Insurance has introduced SecureSave, a new unit linked insurance plan (ULIP) that helps customers enjoy dual benefits. The product focuses on growth as well as security of investor's savings.

Aviva UK has invited policyholders of CULAC and CGNU Life funds to vote in the reattribution of £1.2 billion inherited estate.

Aspen Insurance Holdings has entered into a partnership with Cartesian Iris, a specialised investment fund focusing on insurance linked securities (ILS) and reinsurance, globally. The move marks Aspen's entry in managed fund market for ILS.

Innovative Risk Management (IRM) has launched a new commercial auto insurance program for the trucking and commercial auto industry.