SBI announces celebratory delights for retail customers:

State Bank of India (SBI) presents a slew of special offers for its retail customers. Bank has announced a 100% waiver in the processing fee for all customers applying for Car, Gold, and Personal loan through YONO. The bank is offering the lowest interest rate starting from 7.5% to customers opting for the car loan. […]

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India’s forex reserves up to record $545.038 bn:

The country’s foreign exchange reserves increased by $3.378 billion to touch a lifetime high of $545.038 billion in the week ended September 18, RBI data showed. In the previous week ended September 11, the reserves had declined by $353 million to $541.660 billion. During the reporting week, the forex kitty rose mainly due to an […]

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Crude oil futures steady at Rs 2,955, WTI trades below $40 a barrel

Crude oil futures traded steady at Rs 2,955 per barrel on September 24 as participants increased their long positions. Prices pared morning session losses and traded in the green in the afternoon session. The commodity has been stuck in the $38-41 per barrel range for the last few sessions and unless it breaks out either […]

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GAIL cuts gas supplies by 40% to clients after fire at ONGC plant

NEW DELHI/AHMEDABAD : Indian gas transporter GAIL (India) Ltd has cut supplies by about 40% to customers, mainly power and fertiliser companies, after a pipeline rupture led to a fire in an Oil and Natural Gas Corp plant, a company source said. GAIL supplies about 60 million standard cubic meters of gas through its northwestern […]

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UTI AMC sets IPO price band at Rs 552-554

UTI Asset Management Company on September 24 fixed at Rs 552-554 per share the price band for its initial public offering (IPO) that is set to open on September 29. The IPO will close on October 1. The bidding for the anchor book will open and close on September 28. The public issue will consist […]

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Oil falls after surprise rise in U.S. crude inventories

TOKYO (Reuters) – Oil prices fell on Wednesday after an industry group reported a rise in U.S. crude inventories against expectations for a decline, adding to worries about demand that led to a steep selloff earlier in the week. Brent crude (LCOc1) was trading down 21 cents, or 0.5%, at $41.51 a barrel by 0055 […]

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India’s Reliance says KKR to invest $755.1 million in retail arm

BENGALURU (Reuters) – U.S. private equity firm KKR & Co Inc (N:KKR) will invest 55.50 billion rupees ($755.09 million) in Reliance Industries Ltd’s (NS:RELI) retail arm, giving the unit a pre-money valuation of 4.21 trillion rupees, the Indian conglomerate said on Wednesday. KKR’s investment will translate to a 1.28% stake in Retail Ventures Ltd, according […]

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Aviation Ministry sanctions ?108 crore for up-gradation of 3 airports

Ministry of Civil Aviation identified and approved 78 new routes under the first phase of UDAN 4.0 (UdeDeshkaAamNagrik) on Monday. “78 new routes have been identified and approved under the first phase of UDAN 4.0. Airports Authority of India, the Implementing Agency is in the process of awarding these routes to the Selected Airline Operators […]

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Tata Motors rolls out 300,000th unit of Tiago from Sanand plant

Home-grown auto major Tata Motors on Tuesday said it rolled out the 3,00,000th unit of its mid-sized hatchback Tiago from the Sanand passenger vehicles manufacturing plant in Gujarat. The car maker had started production of Tiago from this facility in February 2016. “Tata Motors on Monday rolled out the 3,00,000th Tiago from its Sanand facility […]

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Happiest Minds slumps 10% in two days of stellar debut on exchange

Mumbai: Shares of Happiest Minds Technologies slumped as much as 8% on Monday amid profit booking after a blockbuster listing last week. The shares lost 10.3% in two trading days from its closing high of ?371 on debut. At 10:10 am, Happiest Minds Technologies was trading at ?336.40, down 6.15% from its previous close, while […]

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