Briiefly Business: Sebi makes testing,audit of softwares must for brokers

Sebi has made it mandatory for brokers and traders to get their trading systems and software tools tested.

Mumbai: To check market losses caused by technical glitches,Sebi has made it mandatory for brokers and traders to get their trading systems and software tools tested and audited in consultation with bourses.

PEC for empanelment of global onion suppliers

New Delhi: State-run PEC Ltd has floated an expression of interest (EoI) for empanelment of international suppliers for import of 3 lakh tonnes of onion. Import of onions by PEC would help improve the domestic supplies and curb price rise.

Google raises reward for reporting bugs

Mumbai: Amid the gloom on the rupee front,some good news to make some quick bucks. Google has decided to raise the reward amount it pays to those reporting bugs by five-fold,or up to $5,000.

GSM players add 14.9 lakh users in July

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New Delhi: The GSM subscriber base in the country grew marginally in July to 67.26 crore with players adding 14.9 lakh new users in the month,data released by COAI said.

MRPL resumes oil imports from Iran

New Delhi: After a four-month hiatus,Mangalore Refinery and Petrochemicals has resumed crude oil imports from Iran.

18 single brand FDI proposals approved

New Delhi: The government approved a total of 18 FDI proposals worth $173 million in the single brand retail sector

between April 2010 and May 2013,Parliament was informed on Tuesday.