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Hero MotoCorp to increase price of its products

Hero MotoCorp is all set to make an upward revision in the ex-showroom prices of its motorcycles and scooters, effective January 1, 2020. The price increase across its range of two-wheelers will be upto Rs 2000, although the exact quantum of the increase will vary on the basis of the …

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HDFC to acquire 9.12% stake in HDFC Credila Financial Services

Housing Development Finance Corporation (HDFC) is proposing to acquire around 1.14 crore equity shares of Rs 10 each of HDFC Credila Financial Services, a subsidiary of the company, representing 9.12% of the equity share capital of HDFC Credila on a fully diluted basis, from its other promoters for a total …

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Redington’s arm acquires additional 12% stake in RCS

Redington India’s wholly owned subsidiary — ProConnect Supply Chain Solutions has acquired additional 12% stake in Rajprotim Supply Chain Solutions (RCS). With this acquisition, the total holding of ProConnect in RCS is increased from 88% to 100% and hence pursuant to this acquisition, RCS becomes a wholly owned subsidiary of …

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Mastek to merger US step down subsidiaries

Mastek has initiated process for merger of US Step down Subsidiaries — TAIS Tech LLC with Trans American Information Systems Inc. (post which TAIS Tech LLC will cease to exist). With this merger, the company will enable greater synergies between the two Companies, and also will achieve higher operational efficiencies. …

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ICICI Bank opens service center in Bahrain

ICICI Bank has opened new service center in Bahrain in Middle East. The new service center will provide services for all products offered by the Manama branch, except cash deposit and withdrawal. The bank already has a retail branch at the local Manama Centre. The bank will offers products, specially …

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HDFC Bank conducts Grameen Loan Mahotsava in Tamil Nadu

HDFC Bank has successfully conducted Grameen Loan Mahotsava at Theni in Tamil Nadu. Launched nationally on September 22, this edition of the Mahotsava is a part of the various Loan Melas held across the country. One such event has already been held at Tiruchengode in the state. HDFC Bank is …

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Sobha launches first online Click2Buy Home Expo

Sobha has launched its first online Click2Buy Home Expo. This unique initiative is to commemorate its 25th year of operations and delivering quality products, building craftsmanship and consumer-centric approach that it has been practicing in the realty sector. The Expo features 25 plus projects from 9 cities in India, showcasing …

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HDFC trades in green on the BSE

Housing Development Finance Corporation (HDFC) is currently trading at Rs. 2320.80, up by 10.20 points or 0.44% from its previous closing of Rs. 2310.60 on the BSE. The scrip opened at Rs. 2319.00 and has touched a high and low of Rs. 2328.00 and Rs. 2315.55 respectively. So far 9919 …

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Private investments key driver for growth: CEA

Amid slowdown in economy, Chief Economic Advisor (CEA) Krishnamurthy Subramanian has said the government has a well-thought-out agenda for reforms to beat current slowdown in the economy which is more cyclical than structural in nature. He mentioned ‘needless to say that there is a slowdown. But you estimate whether it …

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