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HDFC Bank issues alert for customers against bank frauds: here's how to stay safe
Posted on 16th January 2019
In the wake of recent fradulent transactions, HDFC Bank has issued an alert to its customers asking them to stay safe. Recently, many incidents of bank frauds have ben reported across the country. In many of these instances, customers unknowingly shared their sensitive banking information with third parties under impression they are calling from their respective banks.

With the growing usage of online and mobile banking, customers are given thorough guidelines from the respective banks so they can develop a habit of safe and secure banking.


Kamal Haasan open to alliance, says party to decide on Lok Sabha candidature
Posted on 16th January 2019
Actor-politician Kamal Haasan on Wednesday said his party was willing to join hands with like-minded parties who are against corruption and focused on making Tamil Nadu a progressive state.

"The Makkal Needhi Maiam (MNM) is ready to join hands with those parties, who dream to make Tamil Nadu a progressive State and also corruption-free," Haasan told reporters at nearby Pollachi after inaugurating the party office there.


Nokia to cut jobs in multiple countries after Alcatel-Lucent deal, 5G shift
Posted on 16th January 2019
Finnish telecommunication giant Nokia on Tuesday announced its plans to cut jobs, media reported.

Nokia gave 350 as a layoff target in Finland, and said the figures in France and Germany would be higher, but did not specify.


Govt won't share limited Iran oil with private refiners: Sources
Posted on 16th January 2019
India will not share the limited supply of Iranian crude allowed under a U.S. waiver from sanctions with private refiners, according to people with knowledge of the matter. That is a departure from the earlier practice of splitting exempted volumes.

The government has asked its four state refiners led by Indian Oil Corp. to share the entire 9 millions barrels of Iranian oil available every month under a 180-day waiver from U.S. sanctions, the people said, asking not to be identified.


Indiabulls Integrated up 5% as arm gets preliminary nod from IRDAI
Posted on 16th January 2019
Shares of Indiabulls Integrated have locked in the upper circuit of 5 per cent at Rs 332 apiece on the BSE after the company announced that Indiabulls Life Insurance Company got the preliminary nod from Insurance Regulatory and Development Authority of India (IRDAI).

“The Company’s wholly owned subsidiary, ‘Indiabulls Life Insurance Company Limited’ has received regulatory R1 acceptance from Insurance Regulatory and Development Authority of India (IRDAI) for its proposed life insurance business,” Indiabulls Integrated Services said in a regulatory filing.


Rupee opens flat at 71.06 against US dollar
Posted on 16th January 2019
The rupee opened 1 paisa lower at 71.06 against US dollar on Wednesday. In the previous session, the domestic unit declined 13 paise to close at one-month low of 71.05 amid strengthening greenback and surging crude oil prices.

It was the third straight session of loss for the rupee. The domestic currency on Monday plunged by 43 paise to close at nearly one-month low of 70.92 against the US dollar.


India Oil demand rises from 4-year low as cash ban impact fades
Posted on 12th January 2019
India’s oil demand growth in 2018 rebounded from the slowest pace in four years as the country recovered from the shock of a cash ban and the roll out of a national sales tax.

The nation’s consumption of petroleum products rose 4.1 percent to about 210 million tons, the Oil Ministry’s Petroleum Planning and Analysis Cell said Friday. Growth improved from the preceding year’s 2.7 percent expansion, the slowest pace since 2013, as consumption was severely affected by a cash ban that crippled economic activity.


Air India flyer count rises only 4%, but passenger revenue jumps 20% in Q3
Posted on 12th January 2019
While Air India's passenger count rose by only 4 per cent in the December 2018 quarter, its revenue from passengers increased by 20 per cent on the back of better aircraft utilisation, said a senior official of the company.

"Due to better and efficient utilisation of aircraft fleet, the passenger revenue increased from Rs 4,615 crore in third quarter of 2017-18 to Rs 5,538 crore in third quarter of 2018-19," the official said.


YES Bank appoints Brahm Dutt as non-executive part-time chairman on board
Posted on 12th January 2019
YES Bank, India's fourth largest private sector bank, on Saturday said it has appointed Brahm Dutt as non-executive part-time chairman to the board.

In a statement, Yes Bank said, "Vide its letter dated January 11, 2019, the Reserve Bank of India, pursuant to the provisions of the Banking Regulation Act, 1949...has approved his (Dutt's) appointment as part-time chairman of Yes Bank's board up till July 4, 2020, as Mr Dutt attains the age of 70 years."


Global solar sector sees corporate funding, M&A activity worth USD 9.7 bn in 2018
Posted on 12th January 2019
The global solar sector witnessed a total corporate funding and merger and acquisitions activity worth USD 9.7 billion in 2018, a 24 per cent drop compared to the year-ago period, according to a report. Mercom Capital Group said the total M&A and global corporate fundings, including venture capital (VC), debt financing and public market financing stood at USD 9.7 billion, a 24 per cent drop compared with the USD 12.8 billion raised in 2017.

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