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HDFC Ltd divests 1% stake in Ansal Housing for nearly Rs 49 lakh

New Delhi, Apr 19 (PTI) Housing finance major HDFC Ltd on Tuesday divested 1 per cent stake in real estate company Ansal Housing & Construction Ltd through an open market transaction. According to bulk deal data available with the NSE, Housing Development Finance Corporation Ltd (HDFC) sold a total of 5,74,726 shares, amounting to 0.96 [...]

Rupee falls 21 paise to 76.50 per USD

Mumbai, Apr 19 (PTI) Sliding for the fourth straight session, the rupee depreciated by 21 paise to close at 76.50 against the US dollar on Tuesday, hit by persistent foreign fund outflows and prevailing risk-off sentiment globally amid geopolitical tensions. At the interbank foreign exchange market, the rupee opened at 76.34 against the American currency [...]

Nepal’s apex court stays govt order suspending Central Bank Governor amid forex woes

Kathmandu, Apr 19 (PTI) Nepal's Supreme Court on Tuesday stayed the government’s decision to suspend Central Bank Governor Maha Prasad Adhikari, amidst reports that the move was triggered due to his differences with Finance Minister Janardhan Sharma. A single bench of Justice Hari Prasad Phuyal issued a short-term interim order urging the government not to [...]

Facility management, security services cos to be part of ISF

Mumbai, Apr 19 (PTI) Indian Staffing Federation (ISF) on Tuesday said facility management and security services companies will be part of the grouping. The alignment between the subsects of the manpower outsourcing industry - facility management and security services - is similar and the current representation across the labour market issues impacts each of these [...]

Utilise Capex to enhance capacity, install environmentally-efficient tech: Steel Minister to CPSEs

New Delhi, Apr 19 (PTI) Steel Minister Ram Chandra Prasad Singh on Tuesday asked the steel CPSEs to utilise their Rs 1,3156-crore Capex to enhance the production capacity, modernisation of plants and install environmentally-efficient technologies.The minister made the above remarks while chairing a meeting of steel CPSEs to review the capital expenditure incurred by them [...]

IHCL announces new Taj hotel in Chennai

Chennai, Apr 19 (PTI) The Indian Hotels Company Ltd, the largest hospitality company on Tuesday announced signing an agreement to set up another Taj hotel in the city, as part of plans to strengthen its presence in key markets across the country. With the addition of the new hotel, IHCL would have 13 in Chennai, [...]

Hawking Defence Services, Australian UAV Technologies sign MoU

Chennai, Apr 19 (PTI): Technology start-up Hawking Defence Services Pvt Ltd on Tuesday said it has signed a memorandum of understanding with Australian UAV Technologies, a New South Wales- based Unmanned Aerial Vehicle and electronic company. The MoU would establish a joint venture company which would enable technology transfer, joint research and development and licensed [...]

Max Ventures and Industries to amalgamate with subsidiary Max Estates

New Delhi, Apr 19 (PTI) Max Ventures and Industries Ltd on Tuesday said its board has approved amalgamation of the company with its wholly-owned subsidiary Max Estates Ltd as a part of group's restructuring exercise and to focus completely on real estate business.In November, Max Ventures and Industries had announced an exit from specialty packaging [...]
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