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SEBI modifies rating withdrawal norms for CRAs

New Delhi, Jan 3 (SocialNews.XYZ) The Securities and Exchange Board of India (Sebi) on Friday tightened the noose around the corporates, saying if companies are not cooperating with credit rating agencies (CRAs) on disclosure of…


Retail giants to locate logistic hubs in MP

Bhopal, Jan 3 (SocialNews.XYZ) Retail giants Walmart, Amazon and Reliance are gearing up to tap the strategic location of Madhya Pradesh to set up logistic bases by locating national distribution centres and warehouses in the…




HDFC to raise up to Rs 5,000 crore on Jan 7

New Delhi, Jan 3 (SocialNews.XYZ) Country’s largest mortgage lender HDFC Ltd said it will raise up to Rs 5,000 crore by issuing bonds on a private placement basis to augment its long-term capital needs. The…




HDFC reduces retail lending rates on home loans

New Delhi, Jan 3 (SocialNews.XYZ) Mortgage major Housing Development Finance Corporation (HDFC) will now offer cheaper lending rates on home loans from January 6, as it reduced the retail prime lending rate by 5 basis…


India’s forex reserves rise to over $457 bn

Mumbai, Jan 3 (SocialNews.XYZ) India’s foreign exchange reserves continued to rise during the week ended December 27 to touch a new record high. The Reserve Bank of India’s reserves rose by $2.52 billion during the…






IndiGo to convene EGM on Gangwal’s request

New Delhi, Jan 3 (SocialNews.XYZ) InterGlobe Aviation, the firm which runs the airline IndiGo, on Friday, said it will convene an Extra-Ordinary General (EGM) on January 29, on the request of Shobha Gangwal and The…



Cyrus Mistry had conflict of interest: Ratan Tata to SC

New Delhi, Jan 3 (SocialNews.XYZ) As the Tata-Mistry tussle escalates, Ratan Tata on Friday moved the Supreme Court in his personal capacity challenging the NCLAT’s verdict reinstating Cyrus Mistry as the Tata Sons Chairman, alleging…



SBI invites bids to sell its 1% stake in NSE,

New Delhi, Jan 3 (SocialNews.XYZ) State-run State Bank of India (SBI) on Friday invited bids for selling its 1 per cent stake in the National Stock Exchange (NSE). “SBI is one of the shareholders of…