Preeti Soni

RBI to strengthen NBFCs norms , DHFL sinks over 18%

DHFL or Dewan Housing Finance Corporation reported a discount of over 20% in the afternoon today to trade for ₹205 on BSE. Moreover, the share price closed by -18.52% at ₹223.50. Central Bank's idea to strengthen the policy for non-banking financial...

Stock Market Live : Sensex closed at 0.51% lower, Rupee continues to hit a new historical low

Closing Hours:  The Indian on Tuesday again breached it's the lowest point by hitting a record low of 74.27 per dollar. As per analysts, all the gains earned by the rupee in the morning trade today went in vain as...

Yes Bank may consider out-of-court settlement

Yes Bank's promoters-Rana Kapoor and Madhu Kapur may consider settling the legal battle outside the court. Both the promoters have initiated a discussion to take back their decade-old case filed against each other. Reportedly, The truce will result is erasing the...

Flipkart, Amazon to hire 80,000 people to handle mega-sale days

Walmart-owned-Flipkart and Amazon have hired over 80,000 people to manage their operations and cater to the needs of consumers during the mega-sale-days likely to begin from 10th October 2018. In an attempt to win the sale war Flipkart recruited 30,000...

Qualcomm to set up second largest facility in Hyderabad with ₹3000 crores investment

The Telangana government on Saturday announced that US-based telecom giant Qualcomm is planning to establish a campus worth ₹3,000 crores in Hyderabad. The company in a mandate states, "Qualcomm will be investing $400 million (₹3,000 crores) to set up their campus...

Stock Market Live : Struggling market closes in positive trend, Sensex up by 97.39 points

3.30pm At the end of the market, Sensex was recorded 97.39 points or 0.28% at 34474.38 whereas, Nifty 50 was trading higher at 10348.00 by 31.50 points or 0.31%. The market today began on a negative note, but a sudden recovery...

Reliance Jio becomes the second largest telecom by AGR

Data released by Sector regulator show revealed that Mukesh Ambani's Reliance Jio is the second largest telecom in terms of AGR. It posted more adjust gross revenue (AGR) than Bharti Airtel for the quarter ended June. Mukesh Ambani reported a...

Indian Govt offers Huawei to conduct 5G trials in December

Chinese multinational telecommunication equipment company, Huawei was recently offered to initiate 5G trials in India from December. The Department of Telecommunication (DoT) on September 27 invited Huawei to perform initial trials. The Chinese telecom company in association with Bharti Airtel...

Indian Bank changes interest rates for FNCR

Indian bank, Public Sector financial services company, on Saturday, altered the interest rates against foreign currency non-resident banking term deposits (FCNR), effective immediately. Chennai-based bank in a statement said that the new interest rates for FCNR (B) deposit equivalent to...

RBI suggests NBFCs to depend on equity rather than short-term debt

Reserve Bank of India advised Non-Banking Finance Companies (NBFCs) to induce more equity and long-term debt in the post-policy interaction with the press. This will reduce its dependency on short-term debt leading to asset-liability management. “I would like to encourage, in...

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Shahjahanpur victim may also be arrested

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Summoned in Babri case, Kalyan to appear on Sep 27

Lucknow, Sep 22 (IANS) A Special CBI court has issued summons to former Uttar Pradesh Chief Minister Kalyan Singh to appear before it on...