New Delhi: Finance Minister Nirmala Sitharaman, on Saturday, announced a series of incentives for affordable and middle class housing and allocated a special window to provide last mile funding for such projects with a fund of Rs 20,000 crore.

Google has launched tools to help people recover from drug addiction and also help them to locate places to treat overdose in an emergency situation. Google has announced that it is launching a new map feature to help people recover from drug addiction. The tool will guide people where to go to attend more than 83,000 recovery meetings, which take place in multiple locations such as community centres.

Country's largest lender State Bank of India (SBI) is revising its service charges from 1st October 2019. Maintenance of average monthly balance (AMB) charges are different for metro, semi-urban and rural areas. Currently, the metro and urban centre branches, the requirement of AMB is ₹3,000. For someone not maintaining ₹3,000, with a shortfall of less than or equal to 50%, will be charged ₹10 plus GST.

Hinduja group flagship Ashok Leyland (ALL) on Friday announced that it has signed a memorandum of understanding with Ashok Leyland Employees Union (ALEU), the recognised union, for an ex-gratia/bonus amount of Rs 1.75 lakh for the unionised category of employees at its Ennore plant (the mother plant) for the year 2018-19 (April 2018 to March 2019).

Market regulator Securities and Exchange Board of India (Sebi) on Friday returned the scheme of arrangement mooted by Chennai-based Equitas Holdings with regard to Equitas Small Finance Bank, citing that draft scheme was not in compliance with the regulatory provisions.

In filing to stock exchanges, Equitas Holdings, promoter of ESFB, said it will initiate necessary steps to list its shares through Initial Public Offer (IPO)which is expected to be completed by March 2020 under normal circumstances.

The domestic equity market on Thursday snapped the five day winning streak as investors became cautious ahead of announcements of IIP data for July, retail inflation data for August and European Central Bank's policy meeting later in the day.

The S&P Sensex closed 166.54 points, or 0.45% lower at 37104.28 after falling 222.15 points intra-day. NSE Nifty 50 slipped below 11000-level as it closed 52.90 points, or 0.48% lower at 10982.80.

Red Corner Notice (RCN) has been issued by Interpol against fugitive diamantaire Nirav Modi's brother Nehal Deepak Modi in connection with a money laundering case. It is alleged that Nehal had set up entities to launder money which was received by Niral Modi.

Forty-year-old Nehal was born in Belgium and is now under the scanner in connection with the case. Nehal is based out of New York City. Investigations revealed that he was director of now defunctFirestar Diamonds USA.

The Ministry of Electronics and Information Technology on Friday constituted a committee under the chairmanship of Infosys co-founder Kris Gopalakrishnan (pictured) to study issues related to non-personal data and suggest how the government should look at regulating it.

“There is a growing trend towards platformisation of the digital economy, and in such a platform economy, data could play a critical role as a community or public resource,” the ministry said.

A regulatory sandbox will help companies manage risk during the testing phase, which will enable more innovative ideas to be tested in the market, said the insurance regulator on Friday.

If such an idea becomes successful, it will be introduced in the market, said Sujay Banarji, member (distribution) at the Insurance Regulatory and Development Authority of India (Irdai).

New Delhi: Public sector lender Bank of Baroda on Friday said its capital raising committee will meet next week to consider raising funds through bonds.

"The capital raising committee (CRC) of whole time directors of the bank is scheduled to be held on September 18 to consider raising of debt capital for the bank through issuance of Basel III compliant tier II bonds /additional tier 1 bonds," the bank said in a regulatory filing.

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