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Oil marketing companies trade weak; Indian Oil hits 52-week low
Posted on 21st February 2018
Shares of state-owned oil marketing companies (OMC) were trading weak with the Indian Oil Corporation (IOCL) hitting a 52-week low of Rs 363.60 on the National Stock Exchange (NSE) in intra-day trade on Wednesday.

Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) were down 1% to 2%, as compared to 0.07% rise in the Nifty 50 index.

WhatsApp to launch new feature soon; find out what it is
Posted on 21st February 2018
The Facebook-owned Messaging application WhatsApp is set to launch new updates in the coming days. The company which is known to introduce the new features for Android first, will roll out the new features for windows phone this time. The application is reportedly testing new tickers as well as redesigned Stickers notification icon in WhatsApp beta for Windows. Apart from this, the platform can also add live location sharing feature to windows in the coming days.

Nasa's new spacesuit comes with in-built toilet reminiscent of 1970's
Posted on 21st February 2018
Astronauts on NASA's next-generation human spacecraft, Orion, may have the option of avoiding a visit to the toilet during their deep space trip as engineers at the space agency are working on a new spacesuit with a long-term waste-disposal system.

The suit will contain all the necessary functions to support life and is being designed to sustain the crew in the unlikely event the spacecraft loses pressure.

Market tailwinds help Tata Motors arrest decline in key CV segments
Posted on 21st February 2018
Tata Motors, the country’s biggest commercial vehicle maker, has largely arrested the declining market share in most segments of the business. In fact, the company has increased its share in light commercial vehicles (LCV) while maintaining the share in medium and heavy commercial vehicles (M&HCV) or trucks. This has helped its domestic business turn profitable during the October-December quarter after five successive loss-making quarters.

Idea fixes Rs 82.50 per share to raise Rs 3,500 crore via QIP
Posted on 21st February 2018
NEW DELHI: Idea Cellular today said its capital raising committee has approved an issue price of Rs 82.50 per share for sale of shares through a qualified institutional placement (QIP) to raise as much as Rs 3,500 crore.

"The capital raising committee of the company at its meeting today approved the closure of the issue for the QIP," Idea said in a regulatory filing.

Yes Bank to raise Rs 3,000 crore from debentures
Posted on 21st February 2018
CHENNAI: Yes Bank has told the BSE that it has received necessary board approval for raising debt to the tune of Rs 3,000 crore.

Yes Bank told the BSE on Wednesday that it would be raising Rs 3,000 crore via debentures -- that are rated, listed, non-convertible, redeemable, unsecured, basel III compliant tier-2 bonds -- after it got the go-ahead from its Capital Raising Committee.

RBI issues new KYC norms for payments banks
Posted on 19th February 2018
Mumbai/New Delhi: The Reserve Bank of India (RBI) on Tuesday directed payments banks to get their customers’ information verified by third parties, in a blow to Bharti Airtel Ltd which runs a payments bank with customer data verified by its own telecom business.

An RBI letter sent to chief executive officers of payments banks said “reliance on KYC (know-your-customer) done by telecom companies is not permissible”. Mint has reviewed a copy of the letter.

Sensex climbs over 200 pts, Nifty reclaims 10,400; PNB manages to hold losses after 5-day rout
Posted on 21st February 2018
Indian stock markets inched higher following an uptick in Asian peers on Wednesday with Sensex climbing 207 points and Nifty reclaiming 10,400-mark. The benchmark Sensex rose 207.77 points to hit the day’s high of 33,911.36. Shares of the fraud-hit Punjab National Bank managed to hold the losses trading little changed at Rs 116.9, up by 0.3%.

BoB sat on Rotomac case for 2 years, ran to CBI after Nirav Modi scam broke
Posted on 21st February 2018
NEW DELHI: Bank of Baroda had classified the Rs 435 crore loan given to Vikram Kothari-run Rotomac Global a "non-performing asset" in October 2015 and a "fraud" in December 2017 but it came running to investigating agencies on Sunday after the Nirav Modi swindle came to light, fearing that Kothari too might leave the country.

New Google Pay app combines features of Google Wallet and Android Pay
Posted on 21st February 2018
Google today announced the launch of a unified payment service app for its Google Pay platform.

Google Pay will combine the features of the already existing Google Wallet and Android Pay. The new app is presently only being rolled out in select countries such as the UK and the USA.

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