CHIPS stands for clearing house interbank payment system. It is one of the largest private sector US dollar funds transfer system. It basically acts like a clearing house.
CHIPS is owned by financial institutions. According to the Federal Financial Institutions Examination Council (FFIEC), an...
Indian Markets Mixed; Select Blue Chips Rise - Indian Commentary
(RTTNews) - Wednesday, Indian markets opened trading in positive territory, following a plummet in the last couple of trading sessions. The key indicator BSE Sensex commenced 44 points higher at 13,039.02 and the NSE S&P CNX Nifty...
Six months ago, I got an opportunity to do a special on RFID for this very newspaper. I had written a column titled "Soaps that talk and pens that sing" and had mentioned the kind of impact RFID would have on human history is beyond description. Just two days ago a very interesting development...
With most of the frontline stocks trading firm on sustained buying support, the market remains well entrenched in the positive territory at present. Bharti Airtel, HDFC Bank, Tata Motors and Ranbaxy Laboratories have gained 3% - 3.8% over their previous closing levels.
HDFC is up by nearly 2%...