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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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  • NIFTY

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PNB MD: Total exposure outstanding is Rs 11,500 Cr

News In Brief

 

    Iran's Zarif says Israel's 'myth of invincibility' has crumbled

    Munich: Iran’s Foreign Minister Mohammad Javad Zarif said on Sunday the shooting down of an Israeli jet after bombing an Iranian site in Syria had shattered Israel’s “so-called invincibility”, reacting to a critical speech delivered earlier by Israel’s premier. 

    “Israel uses aggression as a policy against its neighbours,” Zarif told the Munich Security Confefence, accusing Israel of “mass reprisals against its neighbours and daily incursions into Syria, Lebanon.” “The entire speech was trying to evade the issue,” Zarif said in reaction to Prime Minister Benjamin Netanyahu’s address to the conference hours earlier. “What has happened in the past several days is the so-called invincibility (of Israel) has crumbled,” he said of the Feb. 10 downing of an Israeli jet.

    (Reuters)

    Latvian central bank governor Rimsevics detained: Prime Minister's office

     Riga: Latvian central bank governor Ilmars Rimsevics has been detained by the country’s anti-corruption agency, the prime minister’s office said in a statement on Sunday.

    “The Corruption Prevention and Combating Bureau (KNAB) has applied the status of being detained to the Governor of Bank of Latvia [Ilmars Rimsevics],” Prime Minister Maris Kucinskis said in an emailed statement to Reuters. The home and office of the central bank’s governor was searched on Friday, the state broadcaster said on Saturday.

    (Reuters)

    Four fuel stations to come up on Agra-Lucknow E-way

    Lucknow: Four new fuel stations are set to come up on the Agra-Lucknow Expressway soon, an official said.

    A spokesperson of the Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) said two of the fuel stations will come up at village Mohabbatpur, in district Mainpuri, and Bareillykalan village in Etawah. They will be established by the Indian Oil Corporation, he said. Fuel stations will also be established by Reliance Industries Ltd in Gujepur in Kanpur Nagar and Sirdharpur in Unnao districts, he said.

    (PTI) 

    All passengers, crew in Iran plane crash believed dead: Airline spokesman

    Dubai: All 66 passengers and crew on an Iranian plane that crashed in a mountainous area of central Iran on Sunday are believed to be dead, state television quoted the airline’s spokesman as saying. 

    “Aseman Airlines public relations head said that all on board are unfortunately dead,” the television reporter said, without elaborating on how he obtained the information.

    (Reuters)

    Iranian passenger plane crashes in central Iran: Iran media

    Dubai: An Iranian passenger plane with 66 people on board crashed in central Iran on Sunday during a flight from Tehran to the city of Yasuj in southwestern Iran, Iranian media reported.

    The plane crashed in a mountainous area near the town of Semirom, the news agency ISNA quoted emergency services spokesman Mojtaba Khaledi as saying. State-run PressTV said 66 people were on board the Aseman flight.

    (Reuters)

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