MUMBAI: In a move that will enable its customers with mutual fund investments to get instant credit, HDFC Bank has tied up with CAMS (Computer Age Management Services) — a registrar and transfer agent — to provide automated loans against units. Arvind Kapil, head of unsecured loans and home loans at HDFC Bank, said that he expected rapid growth as the bank has automated the loan process which could be availed by account holders through desktop or mobile banking.

The network of Common Service Centres (CSCs), which act as access points for delivery of various electronic services to villages in India, are set to be expanded to 2.50 lakh gram panchayats by the year end. According to minister for electronics and information technology Ravi Shankar Prasad, the CSC movement has transformed into a movement of change bringing services such as banking, pension distribution, digital literacy and telemedicine to rural and remote villages through electronic infrastructure.

A whistleblower has approached market regulator Securities and Exchange Board of India (Sebi) urging it to direct Infosys to release the investigation report relating to Panaya acquisition to the shareholders.

In the letter, the whistleblower has also questioned the mutual release of claims with former chairman R Seshasayee and Jeff Lehman, the earlier head of nominations and remunerations committee of the board.

As petrol and diesel prices continue to breach record highs in quick succession, to touch a new peak on Thursday, the government is reportedly looking at ONGC to share the burden. Notably, petrol prices on Thursday, were hiked by 26 paise to Rs 85.29 per litre in Mumbai, while in Delhi, petrol was retailing at at Rs 77.47 per litre on Thursday. Notably, this is the 11th straight hike in a row.

The BSE Sensex rebounded about 153 points in opening trade today on fresh buying in IT, teck, capital goods and healthcare counters amid mixed overseas cues.Buying by domestic institutional investors and strengthening rupee also supported the recovery, brokers said.

Karnataka Chief Minister H D Kumaraswamy has said that the Janata Dal (Secular) and Congress alliance has succeeded in "tying" Prime Minister Narendra Modi's Ashwamedha horse (victory horse) in Karnataka, insinuating that the Modi-Amit Shah duo's electoral juggernaut has been halted.

Tata Consultancy Services (TCS) CEO and MD Rajesh Gopinathan's remuneration in FY18 was 212 times compared to the median remuneration of TCS employees in the financial year. Among the executive and non-executive directors of the company, as disclosed in the annual report, COO N Ganapathy Subramanium came second highest at almost 180 times that of the median employee earning.

Tata Motors’ profits for the March quarter halved, as higher expenses and a one-time impairment charge singed earnings, the Tata group flagship said on Wednesday.

For the three months to March, net profit fell to Rs 21.76 billion — way below Street estimates. A Bloomberg poll of 16 analysts estimated a net profit of Rs 37.48 billion on net sales of Rs 881.96 billion. The carmaker reported a net profit of Rs 43.36 billion in the same quarter a year earlier.

Faced with new questions about whether it’s a monopoly, Facebook Inc. is making a bold argument: owning so many communications platforms helps keep users safe.

On Tuesday, the European Parliament asked Chief Executive Officer Mark Zuckerberg whether he should be allowed to own two of the world’s largest chat applications, Messenger and WhatsApp, in addition to the biggest social network and the photo app Instagram.

Mumbai: The rupee declined 25 paise to hit a fresh 16-month low of 68.29 per dollar in early trade on Wednesday ahead of the minutes of US Federal Reserve's last policy meet scheduled to be released later in the day.

The greenback strengthened against most global currencies as investors await hints on the pace of further US monetary tightening amid sustained capital outflows, forex dealers said.

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