The turmoil in India’s credit markets, brought on by defaults at a major infrastructure financier, will benefit the nation’s largest developer, allowing it to sell homes while peers struggle to get money to finish their projects.

Gurugram-based DLF has adequate liquidity and access to capital to meet all of its obligations on time. It believes that it is well placed to grab opportunities, the company said Thursday at the release of its second-quarter results A unit of DLF and Hines have agreed to jointly develop a commercial project in Gurugram, near New Delhi.

Paytm Mall has launched its week-long Maha Cashback Sale. Paytm Mall's Maha Cashback sale has started from Novermber 1 and will last till November 7. Under its cashback sale, Paytm Mall is offering up to Rs 16,000 in flat cashback on popular smartphones.

State Bank of India (SBI) on Thursday withdrew an application filed with the National Company Law Tribunal (NCLT) to send Uttam Galva Steels (UGSL) for debt resolution under the Insolvency and Bankruptcy Code after ArcelorMittal, one of the former co-promoters, paid UGSL's dues worth Rs 61 billion to the lenders.

With this, UGSL becomes the first company where lenders have received their entire dues after an application was filed with the NCLT for debt resolution under the bankruptcy code.

Indian shares headed for their best week since May 2016 amid earnings and as tensions eased between the government and the central bank over the monetary authority’s independence. An overnight drop in the price of crude also boosted sentiment.

The benchmark S&P BSE Sensex climbed 1.2 per cent to 34,841.20 as of 9:36 am in Mumbai, extending its weekly advance to 4.7 per cent. Asian Paints Ltd.

Coal India’s offer for sale garnered Rs 16.5 billion worth of bids from retail investors on Thursday.

Bids for 61.91 million shares were received from individual investors, as against the base issue size of 39.6 million.

New Delhi: ICICI Bank today launched a new short-term digital credit facility for its customers under which they can get instant pre-approved loans of upto Rs 20,000 for online shopping, paying bills and also for settling bills at offline stores using UPI platform. Currently an invite-only feature, ICICI Bank’s new offering is aimed at the young and millennial customers who want everything digitally and instantaneously, including credit.

Mumbai: Maruti Suzuki India Ltd, India’s largest passenger carmaker, on Thursday reported a marginal drop in domestic sales of passenger cars in October to 122,280 units, against 122,459 a year ago.

These figures do not includes sales of commercial vehicles and vans.

The Securities and Exchange Board of India (Sebi) has barred Sahara India Commercial Corporation (SICCL), its chief Subrata Roy Sahara and 13 other persons from dealing in the securities market for a period of four years, directly or indirectly, for allegedly breaching securities norms by raising money from the market through optionally fully convertible debentures (OFCDs).

WhatsApp Vice President Chris Daniels Wednesday said the company is focused on values like security and privacy to ensure that its product remains a utility that helps users communicate in everyday life.

The Facebook-owned company, which has been asked by the Indian government to put in place a mechanism to clamp down fake messages on its platform, also announced its partnership with Invest India to help entrepreneurs and small and medium enterprises expand their businesses.

Commercial vehicle major Ashok Leyland registered a 17 per cent increase in auto sales in October, with total sales of Light Commercial Vehicle (LCV) and Medium and Commercial Vehicle (M&HCV) at 15,149 units.

M&HCV sales rose 7 per cent to 9,797 units as compared to 9,140 units, a year ago.

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