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11 April, 2018 5:05 AM Sensex erases early gains, falls over 100 points

The BSE Sensex turned choppy and fell over 100 points, led by losses on banking, oil & gas, finance and auto counters, amid mixed Asian cues. The 30-share index opened on a positive note, only to turn negative and trade 130 points, or 0.38 %, lower at 33,750.74. Concerns over brent crude prices, that again went past USD 70 a barrel, weighed on global 27

10 April, 2018 4:42 PM In a first since December 2013, HDFC raises lending rate by 20 bps

After HDFC Ltd, largest mortgage financier in private sector, raised its lending rate by 20 basis points (bps), home buyers are set to shell out more in their EMIs or the equated monthly installments. The retail benchmark prime lending rate (BPLR) increase by HDFC is the first since December 2013, signaling a rate hike cycle in loan rates across the finance 23

9 April, 2018 7:30 PM Unease deepens as ATMs go dry yet again in State

Bankers attribute it to large-scale flight of deposits The days of demonetisation seem to have returned with a majority of Automated Teller Machines (ATMs) going dry in the State. Downed shutters and ‘no cash’ and ‘out of service’ signs have become a common sight. The bankers, too, admit that there is a cash crunch. They, however, refuse to divulge the reasons 36

9 April, 2018 7:07 AM SBI Toll-Free Helplines To Report Unauthorised Electronic Transfers

SBI or State Bank of India has informed its customers about telephone helplines they can use in case of any unauthorised electronic transactions. An electronic transaction or wire transfer refers to transfer of funds from one bank account to another bank account that occurs electronically, through use of computer-based systems without the direct intervention 39

8 April, 2018 11:59 AM Eight of top 10 companies add ₹86,000 cr in m-cap

Eight of the 10 most valued Indian companies together added nearly ₹86,000 crore to their market valuation last week, with IT major Tata Consultancy Services (TCS) emerging as the biggest gainer. Barring Oil and Natural Gas Corporation (ONGC) and Infosys, rest of the eight blue-chip companies saw a total addition of ₹85,998.28 crore in market capitalisation 77

8 April, 2018 8:58 AM SBI, PNB put 15 NPAs worth ₹1,063 cr for sale

Leading public sector lenders State Bank of India (SBI) and Punjab National Bank (PNB) have put 15 non-performing assets worth ₹1,063 crore for sale. Both the banks said they will conduct the e-auction on the 20th of this month. SBI has put up a total of 12 accounts with total outstanding of ₹ 848.54 crore for sale. “...we place these accounts for sale to asset 32

5 April, 2018 7:58 AM SC allows RCom to sell assets

RCom will soon approach NCLAT against the NCLT order for Tower sale. In a major relief to Anil Ambani led Reliance Communications (RCom), the Supreme Court on Thursday vacated a stay on RCom asset sales in favour of Swiss telecom equipment maker Ericsson granted by the Bombay High Court, paving the way for $3 billion sale of RCom assets to Mukesh Ambani 36

4 April, 2018 5:24 AM ICICI Securities market debut receives tepid response, down 17%

New Delhi: ICICI Securities, which recently concluded its initial public offer, made its stock market debut on both BSE and NSE on Wednesday. ICICI Securities listed at Rs 431.10 on the BSE, down 17.10 percent. On the NSE, it got listed at Rs 435, down 16.35 percent. The broking firm on Tuesday said that it has raised Rs 3,515 crore at the issue price 57

3 April, 2018 12:54 PM Videocon-ICICI Bank loan controversy: I-T department sends notice to NuPower Renewables over round-trip of funds

The department has asked NuPower Renewables to see whether the company has created an interest free fund and whether it availed any consideration for quid pro quo The Income Tax (I-T) department has issued a notice to NuPower Renewables as it believes the company was round tripping unaccounted money through Mauritius. The department feels the shares 68

3 April, 2018 7:11 AM How To Pay SBI Credit Card Bill And Get Credit Limit Restored Instantly

The credit card payment will reflect instantly on SBI credit card account via this process, said the lender. Customers can now pay State Bank of India (SBI) credit card dues via YONO app and get their limit restored instantly, said country's largest lender on its official twitter handle- @TheOfficialSBI. SBI launched YONO or 'You Need Only One', an unified 51