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ICICI Bank Hikes FD Interest Rates
A few days after HDFC Bank hiked interest rates, ICICI Bank follows suit. The lender has raised the interest rates by 25 basis points. The new rates for term deposits less than Rs 1 crore will be effective from today, 15

Yes Bank Slumps Over 8% Following Chairman's Resignation
Yes Bank shares lost heavily in Thursday's intra-day trade by over 8% after the private-sector lender's non-executive Chairman, Ashok Chawla, has put down his papers. The resignation comes into immediate effect and the executive has stepped down from his position with

Infosys To Set-Up Tech Hub In Texas, Hire 500 Locals By 2020
Infosys, India's second largest IT company, has announced opening a tech and innovation hub in the state of Texas. The company will hire as many as 500 American workers by 2020. The technology hub with prime focus on retail, banking and

M&M Q2 Net Profit Increases 26% YoY To Rs 1,778.75 Crore
Mahindra and Mahindra, leading automobile manufacturing company, recorded a 26% YoY increase in net profit to Rs 1,778.75 crore for the July-September quarter. During the same quarter last year, M&M posted profit of Rs. 1,410.86 crore. The earnings take into account

WPI Inflation Rises To 5.28% in October
The Wholesale Price Index (WPI) based inflation rose to 5.28 percent in the month of October compared to 5.13 percent in September, as per the data released by Commerce and Industry Ministry. It was at 3.68 percent in October 2017.

SBI Asks Customers To Register Mobile Numbers With The Bank By 30 Nov
If you hold an account with the State Bank of India (SBI), you are required to get your mobile number registered with the lender before 1 December, as per the bank's website. Failure to do so would lead to deactivation of

SEBI Updates Guidelines For Credit Agencies To Include Enhanced Disclosures
In a circular released on Tuesday, the Securities and Exchange Board of India (SEBI) has included enhanced guidelines for disclosures made by credit rating agencies (CRAs). CRAs monitor and analyze the relevant factors affecting the creditworthiness of an issuer. The regulator

Govt. To Release New Rs. 75 Coin: Few Facts To Know
On Tuesday, the central government announced launch of a new unique coin in Rs. 75 denomination to commemorate the seventy fifth anniversary of India's flag hoisting for the first time by Subhash Chandra Bose at Port Blair. As per a PTI

Tata Steel Stock Rise On Reporting Impressive Q2 Net Profits
Shares of Tata Steel Ltd rise over 3 percent to hit Rs 610.60 a piece on Wednesday morning, a day after reporting a net profit of Rs 3,604.2 crore for the September 2018 quarter. In the same quarter last year, its

Bond Prices, Rupee Gains On RBI's OMO Move And Crude Oil Prices Softening
The rupee as well as bond prices gained in Wednesday's session as the continued decline in crude oil prices eased fears around fiscal slippage and high inflation. Rupee in today's trade opened at nearly 2-month high of 72.16 against the US

Co-founder Binny Bansal Resigns As Flipkart Group CEO
Flipkart Group's Chief Executive Officer (CEO), Binny Bansal, quit his position after allegations of "serious personal misconduct," despite he having denied the allegation, as per Walmart Inc's press statement. "His decision follows an independent investigation done on behalf of Flipkart

Sun Pharma Posts Surprise Net Loss Of Rs. 219 Crore In Q2FY19
Sun Pharmaceutical Industries Ltd. reported a surprise loss for the quarter ended September owing to a one-off anti-trust litigation provision. In an exchange filing, the country's leading drug manufacturing company said it posted net loss to the tune of Rs. 219

SEBI Proposes To Introduce Lock-In Period For Liquid MFs
As per The Economic Times Report, the market regulator Sebi is mulling over a proposal to tighten rules in respect of liquid mutual funds that hold assets of Rs. 8 lakh crore or more in valuation. The proposal comes up in

Air India To Soon Launch Late Night Flights Starting At Rs 1,000
Air India will be launching late-night flights at cheaper rates to major destinations like Delhi, Goa and Bengaluru. The fares for these flights will start at Rs 1,000. They are popularly known as red-eye flights as they leave late at night

Tata Sons Begin Due Diligence To Buy Stake In Jet Airways: Report
As per a leading business daily report citing sources aware of the development, Tata Sons is engaged in conducting due diligence to buy a controlling stake in Naresh Goyal's debt-ridden airline Jet Airways. The report highlights that the discussion is led

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