Mumbai: Acquisitions were not its second nature. But when the yarn-to-telecom conglomerate, Reliance Industries Ltd (RIL) saw that it may be a tad lagging in building its new-age businesses, inorganic growth was the only route plausible. Over the past 11 months, RIL through its web of subsidiaries, has either acquired or struck partnerships with more than two dozen entities to expand Reliance Jio Infocomm Ltd and Reliance Retail, spending nearly 10,000 crore.

New Delhi: SBI has put up 11 non-performing assets (NPAs) for sale to ARCs and financial companies to recover dues of nearly Rs 1,019 crore.

The country's largest lender said the e-auction of these NPA accounts will take place on November 22.

The benchmark Sensex slipped below the 35,000-mark by dropping over 100 points to 34,911.11 in early trade Monday after banking, metal and auto stocks declined following weak global cues and profit-booking.

The 30-share index fell 100.54 points, or 0.29%, to 34,911.11. The gauge had rallied nearly 580 points on Friday. The NSE Nifty, too, was trading 39.80 points, or 0.38%, lower at 10,513.20.

Rupee opened lower by 44 paise at 72.88 per US dollar on Monday. On Friday, rupee posted its biggest single-day gain in a period of more than five years, rising by 100 paise to end the day at 72.44 against the US dollar, according to Blooomberg index. The 10-year government bond yield stood at 7.78 percent from its previous close of 7.781 percent.

Realty major DLF's sales bookings in 2018-19 may be higher than the Rs 22.50 billion guidance provided by the company at the beginning of this fiscal, driven by better demand for its completed inventories.

The sales bookings are likely to jump over two-fold this fiscal as the company had sold flats worth Rs 10 billion only, during 2017-18, due to a six-month suspension of sales to comply with the new real estate law.

Shares of Cipla dipped 8% to Rs 558 on the BSE after the pharmaceutical company posted an 11% decline in its consolidated net profit at Rs 3.77 billion for the September quarter (Q2FY19). It had reported a profit of Rs 4.23 billion in the year-ago quarter. The stock recorded its sharpest intra-day fall in since November 7, 2017.

Yoga Guru Ramdev will launch 'Patanjali Paridhan' , a store with a range of apparels and accessories in the national capital today. The showroom, with more than 3000 varieties of men's, women's and kids wear. The store will open at Netaji Subhash Place on the auspicious occasion of Dhanteras.

Amazon India has announced Diwali sale, bringing the festivities early for online shoppers. After the Great Indian Festival Sale, Amazon India announced its Diwali sale. The sale started on Novermber 2 and will continue till November 5, i.e today.

Paytm Mall is back with another round of its Maha Cashback Sale, offering Indian gamers a reason to cheer ahead of the festive season. The sale went live from Novermber 1 and will be lasted till November 7. Under its Maha Cashback sale, Paytm Mall is offering up to Rs 25,000 off on bestselling Gaming laptops along with interesting bank deals and no-cost EMIs with all major banks in India.

Global Rating agency Standard and Poor's ( S&P) has placed its 'BB' long-term issuer credit rating on Tata Motors Ltd on CreditWatch with negative implication.

The CreditWatch listing follows Tata Motors' announcement of half-yearly results that are below our expectation. The interim results were weaker than expected, dragged down by Jaguar Land Rover, S&P said.

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