The Reserve Bank of India in a direction to all scheduled banks today said that they should mention the date of return in the return memos of dishonoured/returned cheques.

Asserting that he was not being pushed out as Chairman of the USD 71 billion conglomerate Tata Group, Ratan Tata said that he opted out of the selection committee to avoid giving the impression that he is influencing the succession plan.

The government has issued a showcause notice to Hinduja Group firm Gulf Oil Corp, apparently in relation to the supply of explosives to 61 trucks that went missing in Madhya Pradesh recently.

 Growth in India's service sector slowed for a second month in August after hitting a two-year peak in June, but businesses were more optimistic about the outlook, a survey showed on Friday.

A majority of Indian professionals are likely to quit their jobs this year due to lack of promotional avenues despite good work results and a lack of communication and involvement by their top managements, according to a survey.