New Delhi: Gearing up for the next phase of growth in consumer Internet and financial services, digital payments player Paytm on Monday announced the promotion of its Chief Financial Officer Madhur Deora as the company's President.

Prior to joining Paytm in October 2016, Deora served as Managing Director in Citigroup's investment banking business.

Kolkata: State Bank of India said it is contemplating extending the benefit of the repo-linked lending rate to the existing home loan borrowers while hoped for better traction in consumer demand in the second half of the fiscal expecting the government to offer fiscal stimulus.

Shares of Apollo Hospitals Enterprise Ltd have gained 10% since it announced its June quarter results on 13 August. With the performance reassuring investors on asset optimization and profit metrics, the stock hit a new 52-week high of ₹1,4687 on Friday.

Losses the company’s new ventures, housed under Apollo Health and Lifestyle Ltd, reduced significantly.

MUMBAI: Employees at ICICI Bank Ltd are in the midst of a cultural shift as the bank adopts open office structures, abolishes grades and imparts skills to employees to adapt to sales jobs that would need human intervention amid automation and digitization.

Mumbai: The government’s Make in India initiative has failed to create enough jobs as companies across sectors still prefer to import goods instead of manufacturing locally, said Larsen and Toubro Ltd chairman A.M. Naik.

“The Prime Minister’s Make In India programme, which is spoken about a lot, has to do a lot more.

The rupee appreciated by 9 paise to 71.05 against the US dollar in early trade on Monday, tracking gains in domestic equities and indication of a revival in trade talks between the US and China.

Forex traders said positive opening in domestic equity market and Donald Trump’s chief economic advisor comments that the U.S. and China are seeking to revive trade talks supported the rupee.

Domestic equity benchmark BSE Sensex rose over 200 points in early trade on Monday tracking gains in index heavyweights RIL, ICICI Bank and Infosys amid positive global cues.

The 30-share index pared some opening gains to trade 129.01 points or 0.35 % higher at 37,479.34 at 0945 hours; and the broader Nifty too rose 37.45 points or 0.34 per cent to 11,085.25 in morning trade.

Auto major Mahindra & Mahindra (M&M) is seeking a fiscal stimulus package from the government for the automobile sector, which had been battling a prolonged slowdown.

Pawan Goenka, managing director, M&M, told reporters that the company has retrenched about 1,500 temporary workers since April 1 this year.

The State Consumer Disputes Redressal Commission (SCDRC) in an order has directed Standard Chartered Bank (SCB) to compensate a consumer Rs 2 lakh for deficiency in services.

The order was passed by Usha S Thakare, presiding judicial member and Dr S K Kakade, member of SCDRC on the appeal (A/16/358) filed by Malad resident, Dr Vinod Kumar Bhalla.

State-owned Oil and Natural Gas Corp (ONGC) has prepared a blueprint for doubling its oil & gas output from its domestic and overseas fields and expanding its refining capacity threefold apart from diversification into renewables, as per its new vision document for 2040.

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