Business

Sarang and his father, HDIL promoter Rakesh Wadhawan are currently in judicial custody after the duo were arrested in connection with an alleged scam at PMC Bank.

M&M was the top gainer in the Sensex pack, surging 3.37 per cent, followed by Sun Pharma 2.53 per cent, Asian Paints 1.88 per cent, ITC 1.66 per cent, HDFC Bank 1.58 per cent and Tech Mahindra 1.51 per cent.

The news comes only six months after the company launched a massive recall of tumble dryers.

Infosys will pay California nearly Rs 56 crore to resolve allegations that between 2006 and 2017, approximately 500 Infosys employees were working in the State on Infosys-sponsored B-1 visas rather than H-1B visas.

At the interbank foreign exchange the rupee opened at 70.54, then gained further ground and touched a high of 70.50, registering a rise of 33 paise over its previous close.

In October, Infosys had informed the stock exchanges of having received anonymous whistleblower complaints alleging certain unethical practices by the top management.

The 50-scrip NSE Nifty appreciated 53.35 points or 0.45 per cent to close at 11,910.15.

Several leading Japanese companies have tied up with Indian steel firms, Dharmendra Pradhan said while inviting them to invest in India and leverage its huge growing market.

After December 31, all Magstripecards being used by SBI customers who failed to apply for a replacement will be deactivated by the bank irrespective of the validity period of the card.

Airtel and Vodafone had earlier capped outgoing calls to network of other telecom operators at 1,000 minutes with 28-days validity, 3,000 minutes in 84-days validity and 12,000 in 365 days validity plan.

Jain, while replying to a question on whether RBI is considering a framework for penalising such banks, did not name HDFC Bank, though.

Minister of State for Civil Aviation Hardeep Singh Puri reiterated that the government is committed to the disinvestment of the national carrier and is implementing a strategic plan, which includes a financial package and focus on increasing operational e...

Speaking about a draft consumer expenditure survey (CES) report for 2017-18, the minister said the government has not published the report from the Central Statistics Office (CSO) as concerns were raised about its "ability and sensibility".

FM Nirmala Sitharaman said that there are several structural issues related to storage of onions and the government is trying to address them.

At 2:25 pm, shares of Tata Motors were trading at Rs 168 apiece, up 6.2%, after hitting the day’s high of Rs 169.60. The stock has fallen 4.7% in the last one year compared with an 11% rise in the benchmark Nifty 50 index.

Karvy had allegedly misused securities of over 95,000 clients which it was holding on behalf of the clients to raise over Rs 600 crore in loans from various lenders.