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Meenakshi, HDFC lock horns as bank refuses to honour guarantee

Meenakshi, HDFC lock horns as bank refuses to honour guarantee

A detailed query sent to HDFC Bank and subsequent phone calls did not elicit any response.

1 Nov 2019 2:12 AM IST

In view of a staff crunch, it has been decided to authorise private agencies to test and certify the installation of elevators in all the buildings in the city, a government official said. (Representational Image)

Johnson Lifts eyes overseas acquisition

The Rs 2,000-crore company exports elevators and escalators to Sri Lanka, Nepal, Bhutan, Myanmar, Maldives and Tanzania.

1 Nov 2019 2:06 AM IST

The Sensex closed at 39,784 with a gain of 168.62 points or 0.43 per cent while the Nifty-50 closed at 11,922.70 up 52.05 points or 0.44 per cent.

Nifty shifts support base to 11700 levels

Foreign portfolio investors were net buyers of equities worth Rs 1,870.87 crore which helped market to move up further.

1 Nov 2019 2:02 AM IST

Fiat Chrysler, PSA merger to impact Indian car ops

Auto analysts said there would certainly be leveraging of synergies between the two in this promising but highly...

1 Nov 2019 1:59 AM IST

Shares of Yes Bank jumped 35 per cent before closing with gains of 24 per cent after the lender informed the exchanges that it has received a $1.2 billion binding offer (around Rs 8500 crore) from a global investor. The bank is yet to consider the offer, it said.

Yes Bank gets Rs 8500 crore global investor offer

While the bank did not name the investor, according to reports, it was Hong Kong-based SPGP Holdings.

1 Nov 2019 1:56 AM IST

Global IT services company Cognizant will lay off around 7,000 mid-to-senior level employees globally and is exiting the Digital Content Business, which will affect another 6,000 jobs.

Cognizant to lay off around 7,000 staff

The plan will sharpen the company's strategic focus and simplify the operating model.

1 Nov 2019 1:48 AM IST

Shares of Allahabad Bank closed 1.96 per cent down at Rs 87.70 on BSE.

Allahabad Bank lowers interest rates by up to 35 bps

The RBI repo rate has been cut down to 5.15 per cent from the existing rate of 5.40 per cent

31 Oct 2019 7:10 PM IST

The shake-up led to consolidation, with Vodafone Plc merging its Indian operations with Idea Cellular last year in a deal worth $23 billion.

Voda-Idea shares recover losses, settle higher over 2 per cent

Shares of the telecom operator ended up by 2.10 per cent at Rs 3.89 apiece.

31 Oct 2019 7:03 PM IST

The finance ministry is considering writing to markets regulator Sebi seeking relaxation for certain state-owned firms from meeting the minimum 25 per cent public shareholding norm.

Sebi tightens norms for listed banks on bad loan disclosures

The decision has been take in consultation with the RBI, the Sebi said in a circular.

31 Oct 2019 5:43 PM IST

The growth of eight core sectors slowed to 3-month low of 4.1 per cent in March due to weak performance in as many as six sectors including coal, crude oil and natural gas.

Core sector output shrinks by 5.2 per cent in September

The eight core sectors had expanded by 4.3 per cent in September 2018.

31 Oct 2019 5:30 PM IST

In India, banks will face the maximum pressure on income from card transactions and fees, with free payments putting 8.4 per cent of the payments revenue at risk.

Banks' payments revenues to dent by USD 9 billion by 2025: report

Banks may not be able to garner all the goods for themselves, as the non-bank players become more active in the segment.

31 Oct 2019 5:21 PM IST

In the international market, gold was trading higher at USD 1,489.50 per ounce and silver at USD 17.82 an ounce.

Gold prices up Rs 115 to Rs 39,017 per 10 gram

Gold is trading at Rs 39,017 per 10 gram in the national capital on firm global trends.

31 Oct 2019 4:27 PM IST