The Gurgaon Police has registered an FIR against PVR Cinemas, and its promoters and directors on charges of cheating and forgery on the directions of a Gurgaon civil court. Its promoters Ajay Bijli, Sanjeev Kumar Bijli, Niharika Bijli and eight others have been booked under relevant sections of the IPC for selling stocks at inflated value of Rs 820 crore illegally and causing loss to Gurgaon-based real estate companies.

The FIR was registered at the Sushant Lok phase-1 police station on Wednesday. The case came to light when Elan Group filed a complaint in the court, which on November 17 directed the local police to register an FIR against Chairman and Managing Director of PVR Limited Ajay Bijli, and directors Niharika Bijli, Sanjeev Kumar Bijli and others.

Public lender State Bank of India (SBI) is taking the digital route for both customer interface and back-end processes to improve its cost efficiency.

Chairman Rajnish Kumar said the lender’s digital initiatives have twin objectives —offering a new and innovative product to the customers as well as improving the bank’s cost efficiency. “The ultimate idea is customers should get enhanced experience. It should also result in cost efficiencies for the bank through optimisation of bank power, which we intend to use more and more for sales and customer interface, rather than most of our manpower being involved in the back-end processes,” he said.

Bharat Petroleum launched a tender seeking a spot liquefied natural gas (LNG) cargo for delivery in January and a separate tender for three cargoes for May, August and October, trade sources said.

Bharat seeks a spot cargo for January 19-21 delivery into the Dahej import terminal, with bids due on or before December 5 and the award due to be made on December 7, one trader said.

Mumbai: The Indian rupee on Thursday strengthened marginally against the US dollar, tracking gains in the local equity and Asian currencies markets.

At 2pm, the home currency was trading at 64.79 a dollar, up 0.23% from its Wednesday’s close of 64.93. The rupee opened at 64.85 a dollar and touched a high and a low of 64.76 and 64.89, respectively.

State Bank of India will be launching a comprehensive lifestyle and financial services platform called YONO (you need only one) for its customers.

If you are shopping and run out of cash the app enables you to avail apre -approved personal loan without any paperwork. Besides being a shoppers' paradise it will also undertake a gamut of banking services.

Once billed as the world's cheapest car, the Tata Nano is set to make a comeback in an electric vehicle (EV) avatar, according to reports.

The Tata Nano electric, according to an Autocar India report, will be launched on November 28 under a new name — the Jayem Neo.

New Delhi: GMR Infrastructure Ltd’s standalone net loss for the September quarter narrowed to Rs276.41 crore due to a fall in provision for diminution in value of investments and advances.

The company had reported a net loss of Rs700.34 crore in the year-ago period. Its total revenue declined to Rs206 crore as against over Rs331.22 crore a year ago, GMR Infrastructure said in a BSE filing on Wednesday.

The stock market made a sedate start on Thursday as the benchmark Sensex rose marginally, leaning on renewed domestic institutional buying.

Technology, IT, realty and healthcare stocks found themselves on the buy list. Positive Asian cues came as early pointers for the market.

Despite a number of carmakers remaining positive of a strong double-digit growth in wholesale volumes in November owing to a low base due to the government’s decision to ban high currency notes last year, car dealerships paint a different picture. A Hyundai dealer based in Mumbai said sales have been lower than even November last year despite the demonetisation. “Sales have been unusually low, bookings are down by around 30%,” he said. Car dealers are attributing a dip in sales to expectation of customers that a likely reduction in the GST rates of cars is right around the corner.

NEW DELHI: Reliance CommunicationsBSE -2.14 % (RCom) has received interest for its 125-acre land bank in Navi Mumbai and is understood to have finalised eight bidders for its development and sale.

Sources said the debt-laden company — which owes Rs 47,000 crore to banks and other lenders — is heavily banking on proceeds from the land monetisation as it can provide immediate cash to clear pending dues. The DAKC (Dhirubhai Ambani Knowledge Centre) campus in Navi Mumbai has the potential to develop 20 million sq ft for IT, commercial, and residential space.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.