Ford India on Thursday reported a 22.19% growth in total sales at 21,004 units in November this year, driven by overseas shipments.

The company had sold 17,189 units in the same month of last year, Ford India said in a statement.

Bengaluru: Don Callahan may be an unfamiliar name to many in India, but for companies in the country’s $150 billion outsourcing business, the head of operations and technology at Citigroup Inc. could be quite the game-changer.

Callahan will decide the winner of the largest outsourcing contract up for grabs in close to a decade. The last time the contract was awarded, in 2008, it was worth $2.5 billion for a 10-year period.

The deadline for using old Rs. 500 notes at petrol pumps and for airline tickets at airports has been cut short to December 2, instead of December 15, as announced earlier, a government notification said.

While junking old Rs. 500 and Rs. 1,000 rupee notes on November 8, the government had allowed their use for utility bill payments for 72 hours.

Seeking to make them attractive options for raising capital, Sebi today notified revised and easier regulations for REITs and InvITs.

To facilitate growth of Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs), the board of Sebi had approved relaxations to existing norms in September after extensive public consultations.

NEW DELHI: Apollo HospitalsBSE 1.77 % today said its clinics subsidiary Apollo Health and Lifestyle has raised Rs 450 crore by selling 29 per cent equity stake to World Bank's arm IFC, to fund its growth plans.

Apollo Health and Lifestyle Ltd (AHLL) has received "investments of Rs 450 crore from International Finance Corporation (IFC) and IFC Asset Management Company. The investment will fuel AHLL's expansion plans", Apollo Hospitals Enterprise said in a BSE filing.

NEW DELHI: Diversified group ITCBSE 0.19 % will set up an integrated consumer goods facility and a five star hotel in Odisha at an investment of Rs 800 crore.

The integrated consumer goods manufacturing facility is being built on an area of 700,000 sq ft at Khordha district in Odisha. The firm will roll out ITC's food brands like Aashirvaad, Bingo, Sunfeast, YiPPee! from the unit, a company statement said.

The National Stock Exchange (NSE) has extended its concession scheme 'NSE MORE' in the transaction charges for the currency derivative segment till December 31.

Earlier, the scheme was available for a period of three months from July 1 to September 30, and was further extended till November 30.

Private sector HDFC Bank on Wednesday said it would offer cash withdrawal services in over 50 large stores across metro cities, where the customer can swipe their debit cards in the stores’ point of sales machines to withdraw cash up to Rs 2,000.

The facility will be available for non-HDFC Bank customers as well.

Country's largest car maker Maruti Suzuki on Thursday reported an impressive growth of 14.1% in domestic sales for November in spite of demonetisation. While retail sales at dealerships have been impacted, wholesale volumes have risen as dealers had relatively lower inventory post Diwali. Also, models like Brezza and Baleno have had a waiting period for a couple of months.

The Insurance Regulatory and Development Authority of India (Irdai) has allowed insurers to be part of the Joint Lenders’ Forum (JLF), formed under Reserve Bank of India (RBI) guidelines for loan accounts that could turn non-performing assets (NPAs).

“Through this mechanism, insurers may take need-based exposure with the prior approval of the insurer's board which may be in excess of exposures permitted under extant Irdai Investment Regulations,” said the circular that has been sent to insurers.

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