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Banks unaffected by nation-wide bandh

The Bharat Bandh called by the Opposition parties to protest against rising prices has put the country on hold. However, banks remained largely unaffected

Banking operations in most parts of the country remained largely unaffected by the nation-wide bandh called by the opposition against the hike in fuel prices, reports PTI.

"Bank branches across the country are open," United Forum of Bank Unions' convener CH Venkatachalam said.

However, there could be some disturbances in states like West Bengal and Kerala, he added. There are about 60,000 branches of various banks across the country.

According to a senior official of the Bank of Baroda, its banks branches are by and large functioning normally.
    
The opposition National Democratic Alliance (NDA) and the Left parties have separately called for a Bharat Bandh today to protest the recent hike in fuel prices. Following the hike last month, petrol, diesel and kerosene rates have gone up by Rs3.50, Rs2 and Rs3 a litre, respectively. Prices of cooking gas has risen by Rs35 a cylinder.
    
Most of the opposition parties, barring the Rashtriya Janata Dal (RJD), Bahujan Samaj Party (BSP), Lok Janshakti Party (LJP) and Rashtriya Lok Dal (RLD), are participating in the bandh.
    
The participating parties are Bharatiya Janata Party (BJP), Shiv Sena, Samajwadi Party, Janata Dal-United (JD-U), Communist Party of India-Marxist (CPI-M), CPI, Forward Block, Revolutionary Socialist Party (RSP), All India Anna Dravida Munnetra Kazhagam (AIADMK), Marumalarchi Dravida Munnetra Kazhagam (MDMK), Telugu Desam Party (TDP), Biju Janata Dal (BJD), JD(S), Asom Gana Parishad (AGP), Indian National Lok Dal (INLD) and the Akali Dal.

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Globus Corp MD resigns on SEBI order

On 24th June, SEBI restrained Mahendra Shah from trading or accessing the securities market and also restricted him from holding any managerial position in any listed company in India

Globus Corporation Ltd's managing director Mahendra C Shah has resigned from the company as per the order of Securities and Exchange Board of India (SEBI), reports PTI.

On 24th June, SEBI restrained Shah from trading or accessing the securities market and also restricted him from holding any managerial position, including directorship or any other key position in any listed company in India, the aluminium company said in a filing to the Bombay Stock Exchange.

The company will appoint an additional director to fill the vacancy of managing director in tomorrow's board meeting, the filing added.

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