Mumbai: The Securities and Exchange Board of India (Sebi) has initiated an enquiry into DSP Mutual Fund selling bonds of Dewan Housing Finance Ltd (DHFL) in September, two people aware of the matter said. News of the sale had triggered a 60% intra-day crash in DHFL share price. “The market regulator wrote to the fund house earlier this month probing whether there was a violation of model code of conduct by the fund house,

New Delhi: Vodafone Idea Ltd is gearing up to fight rivals Bharti Airtel Ltd and Reliance Jio Infocomm Ltd with an aggressive expansion of its network of fourth-generation (4G) mobile tower sites and segmenting its markets into four categories on the basis of leadership and profitability with a specific strategy for each, said a person aware of the plans.

The benchmark BSE Sensex recovered over 100 points in early trade on fresh gains in bluechips like Infosys, RIL, TCS and HDFC amid rising rupee and easing crude prices.

The 30-share index bounced by 134.93 points, or 0.38% to 35,334.73, with sectoral indices led by IT, teck, FMCG and oil and gas stocks advancing up to 1.15%.

Rupee on Thursday opened at a fresh 11-week high, rising by 35 paise to 71.11 per US dollar in early trade, falling crude oil prices. At the interbank forex market, the domestic currency opened higher at 71.12 and surged further to quote at 71.11, showing a rise of 35 paise over its previous close of 71.46 against the dollar on Tuesday. The rupee strengthened for the seventh day in a row.

Bank of Baroda has proposed to put 35 non-performing assets (NPAs) up for sale, including several ailing power assets, to recover dues worth Rs 4,237 crore and has invited expressions of interest from asset reconstruction companies (ARCs) and financial institutions (FIs). In a notification on its website, the bank said, “Besides the amount outstanding under any disbursed loans

In its bid to arrest falling operating profit margins, Mahindra and Mahindra (M&M) intends to reduce costs further, VS Parthasarthy, group CFO, told a business news channel recently. M&M reported an operating profit margin of 12.4% for the September quarter, down 150 bps year-on-year. The Ebitda for the quarter stood at Rs 1,605 crore, down 7% .

Maruti Suzuki India is hoping that declining trend in fuel prices and robust rural demand will lift passenger vehicle sales in the remaining months of FY19, a senior company executive said on Wednesday. Petrol prices in New Delhi have come down 10% since hitting record Rs 84/litre on October 4. The domestic auto sales were hit during the festival season by Kerala floods, increase in insurance premium and liquidity crunch in the market.

IRCTC on Wednesday took to Twitter to announce a unique deal on the Steam Express between Garhi Harsaru to Farukhnagar.

The minimal price on offer is Rs 10, which is cheaper than a general ticket to travel the entire length of the Mumbai suburban networ between Churchgate and Virar.

US President Donald Trump defied the nation’s intelligence agencies and a growing body of evidence to declare his unswerving loyalty to Saudi Arabia, asserting that Crown Prince Mohammed bin Salman’s culpability for the killing of Jamal Khashoggi might never be known.

In a remarkable statement, the president said, “It could very well be that the crown prince had knowledge of this tragic event — maybe he did and maybe he didn’t!”

Kakinada Gateway Port Limited, a subsidiary of GMR-owned Kakinada SEZ Limited (KSEZ), has signed a concession agreement with Andhra Pradesh government for development of a green-field commercial port on design, built, finance, operate and transfer basis in Kona village of East Godavari District.

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