MUMBAI: HDFC Bank Ltd is expected to sell shares worth up to Rs 100 billion ($1.6 billion) as early as this week, with an offering that will include overseas and domestic stock, sources with direct knowledge of the matter said on Tuesday.

India's largest lender by market capitalisation, which is also listed in New York, last week received government approval for the share sale on the condition that its foreign ownership should not exceed 74 per cent.

A group of global CEOs, including Dieter Zetsche of Daimler AG and Feffrey Jaensubhakiji of GIC AM, today expressed intention to increase investment in India.

Anshu Jain of Deutsche Bank AG, Kurt Bock of BASF, Heinrich Biersinger of Thyssen Krupp and Yngve Slyngstad of Norgos along with other two CEOs called on Prime Minister Narendra Modi here.

Homegrown auto major Tata Motors’ Rs 7,500 crore rights issue is credit positive as it will reduce its debt and fund business growth, according to ratings agency Moody’s.

Shares of Punjab National Bank are trading lower b y 7% to Rs 178 on the BSE after gross NPAs as a percentage to total advances rose to 5.97% from 4.96% in the same quarter an year ago.

Meanwhile, the country's second largest public sector bank by assets had reported net profit of Rs 755.41 crore for the October- December quarter of the 2013-14 financial year.

Capital markets regulator Sebi has sought clarification from the merchant banker of State Bank of Travancore on the firm's proposed Rs 485-crore rights issue.

Without disclosing the details, Sebi said "clarifications (are) awaited from lead manager" for the proposed rights issue.

Shares of rate sensitive sectors such as real estate, capital goods , auto and banking which were trading in the negative territory in the early deals have remained almost unchnaged barring select banking and auto shares post the announcement of RBI monetary policy.

The Reserve Bank of India (RBI) kept the key rates unchanged. The repo rate was unchanged at 7.75% and the reverse repo rate at 6.75%. However, RBI has cut SLR by 50 basis points to 21.5%, effective February 7. he repo rate 25bp to 7.50% from 7.25%.

The government has cleared projects worth Rs 6,500 crore in the electronic manufacturing sector, proposals for which were received from major domestic and international players.

Firms such as General Electric, Bosch, Motherson Sumi and Tata Power SED made 57 proposals worth Rs 19,000 crore. Of these, the government has cleared 30.

Some of India’s top business houses such as Reliance Industries Ltd (RIL) and Aditya Birla Group are among about 100 entities that have applied for payment and small bank licences, the application deadline for which ended on Monday. Bharti Airtel was the first to announce plans for a payment bank licence, through an association with Kotak Mahindra Bank, on Thursday.

The much awaited free voice calling feature of Whatsapp is finally out but is still not available for all of its users.

The news got viral when a Reddit user posted screenshots of the voice calling feature in the app. According to him the feature got enabled when when of his friends called him, as reported by Geeky Gadgets.

Hyundai Motor Co said it will lower the price of its Tucson fuel cell electric vehicle by 43 per cent in South Korea and consider cutting prices of the car overseas to compete with models from the likes of Toyota Motor Corp.

The South Korean automaker, the world's fifth biggest when paired with sister Kia Motors Corp, hopes to popularise fuel cell cars in its home market by cutting the price of the Tucson ix to 85 million won ($77,189).

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.