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BSE to auction investment limits for Rs 11,000 cr govt bonds

BSE to auction investment limits for Rs 11,000 cr govt bonds

Leading stock exchange BSE will auction investment limits for foreign investors to purchase government bonds worth over Rs 11,000 crore tomorrow.

The auction for investment limits for such securities has been receiving a good response from foreign portfolio investors (FPIs) in recent past.

Bharat Bandh Live: At least 5 killed in clashes between Dalit groups and cop; SC declines urgent hearing on SC/ST ruling

Bharat Bandh Live: At least 5 killed in clashes between Dalit groups and cop; SC declines urgent hearing on SC/ST ruling

At least five people - four from Madhya Pradesh and one from Rajasthan - were killed after protests turned violent between Dalit groups and cops in Madhya Pradesh.

Earlier, Dalit organisations called for a nationwide bandh to protest the alleged dilution of SCST Act.

Ford India sales up 11% at 27,580 units in March; exports rise 15%

Ford India sales up 11% at 27,580 units in March; exports rise 15%

Ford India on Monday reported a 11.06 per cent increase in total sales at 27,580 units in March against 24,832 units in the same month last year.

The company said its domestic sales stood at 9,016 units in March as against 8,700 units in the year-ago month, up 3.63 per cent.

Hyundai Motors sales up 5% in FY18 at 536,241 units, March sales up 9%

Hyundai Motors sales up 5% in FY18 at 536,241 units, March sales up 9%

Hyundai Motor India Ltd (HMIL) on Monday reported a 8.8 per cent increase in total sales at 60,507 units in March 2018.

The company had sold 55,614 units in March last year, HMIL said in a statement.

RBI questions Axis Bank CEO s reappointment

RBI questions Axis Bank CEO s reappointment

MUMBAI: RBI is understood to have raised some queries regarding the Axis Bank board's proposal to reappoint Shikha Sharma as MD & CEO for a fresh term beginning June 2018. The queries come more than eight months after the board approved Sharma's reappointment, following a board approval.

Isro loses contact with telecom satellite

Isro loses contact with telecom satellite

New Delhi: India's space agency said on Sunday it had lost contact with a telecommunications satellite successfully launched on Thursday, the trouble emerging while engineers were nudging the spacecraft in steps towards its assigned parking slot high above the equator.

The Indian Space Research Organisation said communication from the GSAT-6A satellite "was lost" between the second orbit-raising operation on Saturday and a scheduled third orbit-raising operation on Sunday.

​Mahindra & Mahindra automotive sales crosses half a million mark in FY-18, grows 11%

​Mahindra & Mahindra automotive sales crosses half a million mark in FY-18, grows 11%

Mahindra & Mahindra, the maker of Scorpio and Bolero SUV has registered 10% growth in March of 2018 with dispatches of 62,077 units, driving the company past 5 lakh mark for the entire financial year FY-18, a first in five years.

Mahindra & Mahindra sold 26555 units of passenger vehicle in March 2018 registering a growth of 4%, whereas commercial vehicle sales grew by 11% to 25496 units.

Ashok Leyland March sales up 23% at 22,453 units

Ashok Leyland March sales up 23% at 22,453 units

Hinduja Group flagship company Ashok Leyland today reported a 20 per cent increase in total sales at 22,453 units for March 2018, as against 18,701 units in the same month last year.

Sales for its medium and heavy commercial vehicles increased by 12 per cent at 17,057 units in March as against 15,277 units in the year-ago period, the company said in a filing to the BSE.

ICICI Bank falls 5% as ED initiates enquiry in ICICI-Videocon loan

ICICI Bank falls 5% as ED initiates enquiry in ICICI-Videocon loan

ICICI Bank hit five-month low, down nearly 5% on the BSE after the media reports suggested that the Enforcement Directorate (ED) has started an enquiry into the Rs 32.50-billion loan sanctioned to the Videocon group and others by ICICI Bank, which was part of a consortium of lenders.

The stock of private sector lender was down 4.6% to Rs 265.40 on the BSE in early morning trade, its lowest level since October 24, 2017. On comparison, the S&P BSE Sensex was trading 0.13% higher at 33,011 points at 09:38 am.

Paytm revamps app, aims exponential growth in money transfers this year

Paytm revamps app, aims exponential growth in money transfers this year

Leading payment gateway Paytm has revamped its app with updates which personalise the user’s experience and makes money transfer simpler and faster. It is offering instant transfers to Paytm Payments Bank, Paytm wallet and any bank account for a charge of zero per cent.

Paytm has moved from being a wallet to a full stack payments provider by offering multi-source and multi destination solutions. Combined with its reach to seven million offline merchants, it has achieved a billion transactions per quarter, the company claimed.

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