Having set a target of Rs 1 lakh crore revenue from its FMCG business by 2030, diversified ITC is looking to create "world-class Indian brands" by leveraging on its enterprise strengths.

Buoyed by the successful launches of brands such as Classmates, Sunfeast and Aashirvaad, which are now Rs 1,000 crore-Rs 3,000 crore labels, the company is looking to expand footprints in existing as well as new categories, such as fresh fruits, vegetables and sea foods businesses, to meet the "audacious" goal that it has set for itself.

The Enforcement Directorate (ED) has registered a money laundering case in the alleged forging of a customer's identity to conduct huge illegal transactions in an Axis Bank branch in Noida for conversion of black funds into white post demonetization. The individual, identified as N Paswan, in his complaint filed with the police has claimed that his identity has been forged and a current and a savings account were opened in his name in the said branch which were allegedly used to launder crores of rupees post demonetization.

New Delhi: Moderate fog cover was on Saturday witnessed in the national capital, leading to delay in 52 rail services and re-scheduling of 12 others.

Flight operations at Indira Gandhi International Airport though were normal, airport officials said.

Having already exhausted a Rs 5,000 crore limit to issue 'masala bonds', mortgage major HDFC on Saturday said the Reserve Bank has granted it permission to raise another Rs 3,000 crore from the newly emerging route.

"We have approval from the RBI to raise more money. I think, we have approval for Rs 3,000 crores. But, we will wait and watch," its vice chairman and chief executive Keki Mistry told reporters in Mumbai.

Mumbai: The Indian rupee on Friday closed marginally higher against the US dollar.

The rupee closed at 67.77 per US dollar—up 0.09% from its previous close of 67.84. The home currency opened at 67.81 a dollar and touched a high and a low of 67.74 and 67.87 respectively. So far this year, it has fallen 2.4%.

Mumbai: To encourage digital transactions, the Reserve Bank of India (RBI) on Friday decided to slash merchant discount rate (MDR) charges on payments made through debit cards and do away with levies on small transactions through mobile phones and Internet from 1 January to 31 March.

The MDR for debit card payments, including for payments made to government, will be capped at 0.25% for transactions up to Rs1,000 and 0.5% between Rs1,000-2,000, RBI said in a notification.

Delhi: Amazon India on Friday launched its online wallet Amazon Pay Balance, in a bid to increase cashless orders.

“With no additional authentications required, customers get the benefit of fast and smooth checkout (from Amazon Pay). Amazon Pay Balance helps customers store balances for essential items and solves the pain point of tendering exact amount of cash at the time of delivery.” the company said in a statement.

Gold prices rebounded from a 10—month low by climbing Rs 180 to Rs 27,930 per 10 grams today, taking cues from a firm trend overseas amid scattered buying by local jewellers.

Silver, too, edged up by Rs 50 to Rs 39,650 per kg on uptick in demand from industrial units.

Stocks: The BSE benchmark Sensex fell to mark biggest weekly loss in a month, falling 257.62 points to finish at 26,489.56, while the broader Nifty fell below the crucial 8,150-level.

The market began the week on negative note with dismal IIP data, US president-elect Trumps blunt talk on visas and surging crudeoil affecting the stocks, however, immense caution focused on two day US Fed Reserve policy meeting.

Tamil film Visaranai, which was India's official entry to the Oscars in the Foreign Language Film category, has failed to make it to the shortlist of nine movies that will advance in the race.

The crime-thriller, produced by actor-filmmaker Dhanush and written and directed by Vetrimaaran, was selected by Film Federation of India to represent India at the 89th Academy Awards.

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