PNB Gilts hit a new high of Rs 51.30, up 10% on BSE, extending its month-long rally after it reported a robust set of numbers for the second quarter ending September 30, 2016 (Q2FY17).

Since October 25, post Q2FY17 results, the stock zoomed 71% from Rs 30 as compared to 7.8% decline in S&P BSE Sensex.

Effective implementation of the Insolvency and Bankruptcy Code, 2016 can potentially release about Rs. 25,000 crore capital currently locked up in non-performing assets (NPAs) over next four to five years, noted a recent ASSOCHAM-Crisil joint study.

“If implemented successfully, the code will help India’s banking sector catch up with or even exceed the recovery rates of 32 percent and average time taken of 2.8 years in other emerging markets,” highlighted the study titled ‘Insolvency and Bankruptcy Code 2016: A game changer,’ conducted by ASSOCHAM jointly with Crisil.

In a recent announcement, the Reserve Bank of India has today said that all overdraft and cash credit holders will now able to withdraw up to Rs 50,000 in a week. As per the advancement, the holders of current, overdraft and cash credit accounts operational from past three months and more will now be able to withdraw up to Rs 50,000 cash in a week. As per the RBI, Indian banks have till now disbursed a total of about Rs 1.03 lakh crore cash post the note ban announcement.

State-owned CIL is examining opportunities to export coal with high ash content or high grade fossil fuel to the neighbouring nations, Parliament was informed today.

“CIL (Coal India) is exploring opportunities to export Indian coal having high ash content or high grade coal to the neighbouring countries as the demand for such type of coal is comparatively less in the domestic market,” Minister of State of Coal, Power, New and Renewable Energy and Mines Piyush Goyal said in a reply to the Rajya Sabha.

Since its inception in 1998, Hyundai Santro has been one of the most popular and best-selling hatchbacks in India. Hyundai discontinued the Santro in 2014 to make way for the Grand i10 and Elite i20 in the product lineup. Now though, the Korean car manufacturer is working on a new Santro, which is said to be replacing the Hyundai i10 and will be positioned above it. This has been claimed by a report in the Hindustan Times.

Shares of Coffee Day Enterprises, Housing Development Infrastructure (HDIL), Reliance Communications (RCom), Reliance Power, Bata India and Jet Airways are among 20 stocks from BSE500 index hitting their respective 52-week lows on the BSE in intra-day trade on Friday.

Titan Company, United Spirits, Wonderla Holiday, Apollo Hospitals, OnMobile Global, Orient Cement, Shoppers Stop and Tata Elxsi are others trading at 52-week lows.

Facebook’s issues with viral false news reports dominated headlines this week, so naturally it came up as a key topic of discussion when I spoke to TechCrunch’s special projects editor and internet culture reporter Jordan Crook on this week’s episode. The sheer scope of the issue is something that becomes very apparent as we found out in talking things through.

Tis the season for Apple replacement programs, it appears. Days after the U.S. tech giant addressed ‘touch disease’ on certain iPhone 6 Plus devices, so Apple has announced a battery replacement program for iPhone 6s owners affected by unexpected shutdowns.

Apple said the problem impacts “a very small number” of iPhone 6s devices that were made between September and October last year. In those cases, the phone may unexpectedly shut down due to issues with the battery.

Pukhrayan: Rescue workers concluded their search of the mangled carriages of a derailed train on Monday, bringing the number of passengers killed in the disaster to at least 142 and the injured to more than 200.

Sunday’s derailment in Uttar Pradesh was India’s deadliest train crash since 2010 and has renewed concern about the poor safety standard of the state-run network, which is a lifeline for millions of Indians but has suffered from chronic underinvestment.

With lenders doubtful over the completion of Samrala Chowk and Kishangarh-Udaipur-Ahmedabad (KUA) Package VI projects, the National Highways Authority of India (NHAI) has terminated the ventures, sources confirmed to FE. Both projects were to be built through the hybrid annuity model (HAM). Raghav Chandra, chairman, NHAI, told FE that both the projects have been terminated. Chandra, however, denied that banks were uncomfortable lending to the projects.

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.