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.

In early trade, the benchmark BSE Sensex rebounded over 120 points and the NSE Nifty regained the 8,100-mark in the opening trade today on value-buying in select blue-chips amid a firming trend on other Asian bourses. Besides, covering-up of short positions by speculators supported the recovery. The 30-share index was trading higher by 120.02 points, or 0.45%, at 26,270.45 with sectoral indices led by oil&gas, metal and PSU leading the recovery.

The Employees' Provident Fund Organisation (EPFO) has asked its field offices to settle death claims within a period of seven days from the date of receipt of proposal and retirement claims on the day of retirement.

Last month during the PRAGATI review meeting, Prime Minister Narendra Modi had desired that claims related to death cases be prioritized and expedited and retirement claims may be settled on the day of retirement.

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