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13 November, 2018 5:01 PM Need To Make An Online Money Transfer? SBI Charges, Transaction Limits Compared

The fee levied by SBI for NEFT/RTGS transactions varies depending upon the amount of money to be transferred and mode of transfer (online or branch). SBI or State Bank of India, the country's largest lender, charges a fee ranging from Rs 1 to Rs 50 per transaction for money transfer through NEFT and RTGS. Electronic or wire transfer of funds refers to transfer 45

13 November, 2018 4:20 PM Cipla acquires US-based Avenue Therapeutics for $215 million

Cipla, India's fourth-largest drug maker on November 13, said its subsidiary , InvaGen Pharmaceuticals has entered into definitive agreements to acquire Nasdaq-listed speciality business firm Avenue Therapeutics for up to $215 million. The acquisition will give Cipla access to specialty drug Tramadol delivered intravenously (IV) to manage post-operative 54

13 November, 2018 1:43 PM Zee Entertainment promoters to sell up to 50% stake to strategic partner

The promoters plan to pursue disruptive technological development and transform the business into tech-media by divesting the stake. The promoters of Zee Entertainment Enterprises will sell up to 50 percent of their stake in the company to a strategic partner. In a filing with the exchange, the promoters cited plans "to pursue disruptive technological 52

12 November, 2018 8:03 AM 10 Things You Should Know For Conducting Safe ATM Transactions

State Bank of India (SBI), the largest lender of the country, keeps reminding its customers about safe banking practices. While transacting via an ATM-cum-debit card, customers often forget hiding their password, which may lead to a fraud. In order to prevent such instances, SBI recommends that customers should conduct ATM transactions in complete privacy 59

11 November, 2018 4:29 PM Arrested in bribery case, mining baron Janardhana Reddy to remain in judicial custody till Nov 24

Bengaluru: Arrested in connection with an alleged bribery case, Former Karnataka minister and Ballari mining baron G Janardhana Reddy has on Sunday been sent to judicial custody until November 24. Earlier in the day, he was arrested by the Crime Branch officials in Bengaluru. Reddy is suspected to have received 57 kg gold worth Rs 18 crore to help an accused 64

10 November, 2018 1:35 PM Shareholders of Bharat Financial will meet over merger with IndusInd Bank next month

Bharat Financial Inclusion Ltd (BFIL) on Saturday said its shareholders' meeting will be held on December 11 to approve the merger of the microfinance company with IndusInd Bank. In accordance with the NCLT order, meeting of the equity shareholders and secured creditors of BFIL is scheduled on December 11, 2018, the company said in a regulatory filing 54

9 November, 2018 4:51 PM Digital payment transaction volumes rise to 244.8 cr in Aug 2018: IT Ministry

The number of digital payment transactions in India touched 244.81 crore in August 2018, more than three-fold rise from October 2016, underlining the massive adoption of digital payment modes over the last two years, the IT Ministry said. "New payment modes – Bharat Interface for Money-Unified Payments Interface (BHIM-UPI), Aadhaar enabled Payment 64

9 November, 2018 4:23 AM Mphasis falls 1% after it acquires Stelligent Systems for Rs 175 crore

Shares of Mphasis fell around a percent as investors reacted to the news of an acquisition. The stock touched an intraday high of Rs 940.40 and an intraday low of Rs 920.75. The IT firm acquired Stelligent Systems in an all-cash deal valued at $25 million (about Rs 175 crore). Headquartered in Reston, US, Stelligent provides DevOps and DevSecOps solutions 44

7 November, 2018 2:15 PM Manappuram Finance board okays up to Rs 150 cr equity infusion in Asirvad Micro Finance

Manappuram Finance on Wednesday said its board has approved equity infusion of up to Rs 150 crore in its arm Asirvad Micro Finance. "The Board of Directors at their meeting dated November 6, 2018 approved equity infusion up to Rs 150 cr in its subsidiary Asirvad Micro Finance Ltd(Asirvad)," Manappuram Finance said in a BSE filing. Asirvad Micro Finance 83

6 November, 2018 4:52 PM Bharat Financial completes Rs 2,334.71 cr worth securitisation transactions

Bharat Financial Inclusion said it has completed securitisation transactions worth Rs 2,334.71 crore this fiscal and the entire pool qualifies for priority sector treatment as per RBI norms. Securitisation refers to pooling various types of debt and selling them to investors. In a regulatory filing, the company said it completed the fourth securitisation 58