News

 

LG to launch IoT enabled ceiling fans in Indian market by June

Feb 18 2018 | 4 hrs ago

South Korean consumer electronics maker LG would foray into the premium ceiling fans segment this season, which will have advance features such as IoT technology.

Software may have helped Daimler pass US emissions tests

Feb 18 2018 | 5 hrs ago

US investigators probing Daimler have found that its cars were equipped with software which may have help them to pass diesel emissions tests.

India's City Union Bank CEO says suffered cyber hack via SWIFT system

Feb 18 2018 | 5 hrs ago

India’s City Union Bank said that “cyber criminals” had hacked its systems and transferred nearly $2 million through three unauthorized remittances to lenders overseas.

Nasdaq Dubai launches Abu Dhabi, Dubai equity index futures

Feb 18 2018 | 5 hrs ago

Nasdaq Dubai exchange launched futures contracts on Sunday covering the main indexes of the country’s two main stock markets in Abu Dhabi and Dubai.

Israel's Netanyahu could act against Iran's "empire"

Feb 18 2018 | 5 hrs ago

PM Benjamin Netanyahu said that Israel would act against Iran, not just its allies in the Middle East, if needed, reiterating that Tehran was the world’s greatest threat.

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Global Markets

 

Stocks In News

 

US dollar ends higher against rupee

Mumbai: The US dollar ended sharply higher against the rupee at 64.21/22 per dollar and the pound sterling also finished higher at Rs 90.34/36 per pound at the close of the Interbank Foreign Exchange (forex) market here today.

Following are the Interbank forex and RBI rates: (In Rs per unit) Unit   Interbank   RBI Reference US Dollar  64.21/22  US Dollar  Rs 63.9097 Pound Sterling  90.34/36  Euro       Rs 80.1683 Euro   80.18/20 Japanese Yen (100) 60.50/52

(PTI)

HDFC

Approves Allotment Of 24.9 Mn Shares On Preferential Basis To 8 Investors

Approves Allotment Of 24.9 Mn Shares At Rs 1,726.05/Share

MAHINDRA & MAHINDRA

To invest in Zoomcar India, Zoomcar Inc, U.S.

To invest Rs 176 cr in Zoomcar India

Initial investment in Zoomcar India likely to be completed by Feb 20

Additional investment in Zoomcar India expected to be completed by Aug 31

Co’s stake to increase to 16%

RELIGARE ENTERPRISES

RBI inspection had found diversion of funds within group firms

Funds to the tune of Rs 525 cr given to intermediary borrowing cos

Religare Finvest increased corporate loan book against RBI’s directions

RBI has asked for clarity on rollover of fixed deposits with a bank

Findings suggested continued weakness of internal controls

Economic Times Reports

FORTIS HEALTH

SC Allows Sale Of Fortis Health Shares Pledged With Lenders

SC allows Axis Bank, Yes Bank to sell, transfer pledged share of Fortis

Earlier, SC had restrained financial institutions from selling pledged shares

Business Standard Reports

INDOCO REMEDIES

Granted European GMP certification from Hungarian regulators for Mfg plant at Goa

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