An earthquake of 6.9 magnitude struck off the southern Philippine island of Mindanao on Saturday and hazardous tsunami waves were possible on parts of the coasts of the Philippines and Indonesia, the Pacific Tsunami Warning Center said.

There were no immediate reports of casualties or damage, from the earthquake, which the U.S. Geological Survey (USGS) said struck 193 km (120 miles) east of the Philippine city of General Santos, at a depth of 60 km (37 miles).

This week, Hyundai Motor Company announced the world’s first smart fingerprint technology that allows drivers to not only unlock doors, but also start the vehicle. Hyundai plans to implement the technology initially in the Santa Fe SUV model that is to be released in select global markets in the first quarter of 2019.

Following the crisis the non-banking financial companies (NBFCs) faced on account of the IL&FS credit default, the Reserve Bank of India on Friday said it would ensure sustained growth in the sector and abate liquidity fears.

The NBFC sector, with a size of around 15% of scheduled commercial banks balance sheet, has been growing robustly in recent years, providing an alternative source of funds to the commercial and retail sector in the face of slowing bank credit.

An account holder of the State Bank of India (SBI) has been duped of Rs 6.8 lakh. According to a Times of India report, the resident of Uttar Pradesh's Noida lost more than Rs 6 lakh after the money was transacted seven times from his bank account during the last two months.

The broadcasting industry has been granted some breathing space to implement the new Telecom Regulatory Authority of India (Trai) tariff order. The regulator had, earlier this week, indicated it would release a migration plan to ensure smooth implementation of the new tariff regime.

The new norms regarding offer for sale (OFS) of shares has come into effect. Markets regulator Securities and Exchange Board of India (SEBI) on Friday issued a detailed circular regarding new OFS norms.

Under the new framework, companies with market capitalisation of more than Rs 10 billion can use the OFS mechanism to offload shares.

Telecom regulator Trai Friday recommended that spectrum charges for state-owned BSNL's satellite phone services be fixed at 1 per cent of the revenue accrued from such services, replacing the current model of formula-based levy.

If the regulator's recommendations are accepted by the Department of Telecommunications (DoT), it could drive down the cost of using satellite phone services by nearly 50 per cent,

State owned life insurer, Life Insurance Corporation, has seen a sharp fall in its net non-performing assets from Rs 70.40 billion in March 2018 to Rs 15.80 billion as of October 31, 2018, according to the figures provided by the finance ministry in reply to a question asked by members of parliament in the Lok Sabha.

“With regard to whether there is risk in LIC’s NPAs and clearing of the NPAs, it may be noted that as per LIC’s inputs, the rising trend in LIC’s gross NPAs over the last three financial years has been reversed in the current financial year”,

New Delhi: The controversy related to ICICI Bank, the largest private lender of India, is refusing to die as the government on Thursday indicated that inspection of the books of six companies linked to the row is at an advanced stage.

The corporate affairs ministry had ordered inspection of six companies, including NuPower Renewables, on April 23.

New Delhi: Maruti Suzuki India Ltd plans to shut its diesel engine assembly plant in Gurgaon in the biggest sign yet of a grim future for diesel cars in India. The Suzuki Motor Corp. unit might either convert the diesel engine line in its Gurgaon plant to produce petrol engines or add an assembly line for petrol engines at its plant in Manesar, said three people directly aware of the development. Both the factories are located in Haryana.

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