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National Physical Laboratory sets up a facility to help ensure accuracy and reliability of alcoholmeters
Sunderarajan Padmanabhan •The National Physical Laboratory is the national custodian for standards for all types of measurements.
Basel-III: Fitch reduces Indian banks' capital need to $65 bn from $90 bn on weaker loan growth
•Capital requirements at Indian state-run lenders remained hefty due to several factors, including low common equity ratios and provisioning requirements for new loans, according to Fitch Ratings.
Fitch cuts banking outlook to negative from stable on bad loan woes, weak earnings
•The agency has affirmed long-term ratings of nine banks, including State Bank of India, Bank of Baroda and its New Zealand arm, Punjab National Bank, Canara Bank, IDBI Bank, ICICI Bank and Axis Bank, at 'BBB-'