BUSINESS

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 …

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 …

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 …

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. …

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 …

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 …

Bombay Stock Exchange’s (BSE) Mutual Funds Distributor platform — BSE StAR MF has achieved 61% share of equity net inflows (802.96 crore out of 1311.65 crore) for the month November 2019. In the current fiscal from April to November 2019, BSE StAR MF has done 3.41 crore transactions with a …

Sun Pharma Advanced Research Company’s (SPARC) patent infringement complaint regarding its New Drug Application for Taclantis injection PICS (Paclitaxel Injection Concentrate for Suspension) has been withdrawn by Abraxis Bioscience LLC. The company will also inform the USFDA of the dismissal of the complaint to vacate the 30-month stay. Earlier, Abraxis …

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 …

Tata Motors has taken their relationship with YES Bank to the next level by developing ‘digital synergies’ for offering financial products to its valued customers. They will jointly introduce digital retail finance solutions for the entire range of cargo and passenger carriers, facilitating easy purchase and ensuring superior operating economics …

Jagran Prakashan has received an approval from its board of directors for the buyback of the company’s fully paid-up equity shares for an aggregate amount not exceeding Rs 101.25 crore at a price not exceeding Rs 75 per equity share. The maximum buyback size represents 8.56 per cent and 5.55 …

Union Bank of India has granted approval for 20,000 Banking Business Correspondent (BC) point for Nextgen Vakrangee Kendra to Vakrangee Finserve, a subsidiary company of Vakrangee. The Bank shall allot in a batch of 2,500 BC points whereby 70-80% of BC points would be in Tier 5 and 6 locations …

Bank of Baroda is going to take part in the proposed IPO of UTI Asset Management Company (AMC) by way of offer for sale of up to 1.04 crore shares. The Investment Committee of the Bank in its meeting has approved the participation of Bank of Baroda in the proposed …

ICICI Bank is currently trading at Rs. 527.05, up by 0.45 points or 0.09% from its previous closing of Rs. 526.60 on the BSE. The scrip opened at Rs. 526.90 and has touched a high and low of Rs. 529.50 and Rs. 524.80 respectively. So far 88430 shares were traded …

Dilip Buildcon is currently trading at Rs. 386.10, up by 9.00 points or 2.39% from its previous closing of Rs. 377.10 on the BSE. The scrip opened at Rs. 380.00 and has touched a high and low of Rs. 386.40 and Rs. 380.00 respectively. The BSE group ‘A’ stock of …

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 …

Tata Motors is currently trading at Rs. 161.10, up by 0.55 points or 0.34% from its previous closing of Rs. 160.55 on the BSE. The scrip opened at Rs. 162.20 and has touched a high and low of Rs. 163.25 and Rs. 160.85 respectively. So far 269504 shares were traded …

Minister of State for Finance Anurag Singh Thakur has said the Central Goods and Services Tax (GST) collection fell short of the budged estimate by nearly 40% during the April-November period of 2019-20. The actual CGST collection during April-November stood at Rs 3,28,365 crore, while the budgeted estimate is of …

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 …

TTK Prestige is currently trading at Rs. 5621.00, up by 66.50 points or 1.20% from its previous closing of Rs. 5554.50 on the BSE. The scrip opened at Rs. 5604.95 and has touched a high and low of Rs. 5640.00 and Rs. 5588.25 respectively. The BSE group ‘A’ stock of …