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Sep 23rd
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Service industry news

No Taliban safe havens in Pakistan: PM at UNGA

today said that it cannot be a "scapegoat" in Afghanistan war and will not endorse any "failed strategy" that will prolong suffering of the people in the region, a month after US President Donald Trump warned Islamabad against providing safe havens to terrorists.

ICICI Bank update on proposed IPO of ICICI Lombard

Lombard registers prospectus with RoC announced that the Prospectus was registered by ICICI Lombard General Insurance Company (subsidiary) with the Registrar of Companies, Maharashtra on 21 September 2017. Powered by Capital Market - Live News (This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.

Sensex losses mount as rupee hit 4-month low

The slumped about 232 points to 32,138.25 points in early trade today on heavy selling in banking, financial, capital goods and FMCG stocks amid sustained foreign fund outflows and weak global cues. The rupee falling to a four-month low in early trade on heavy capital outflows over expectation of....

Five killed after SUV fell from flyover after hitting bus

Five persons were killed and one seriously injured when their SUV fell from a flyover after hitting a bus at Thekkalur in nearby Tirupur district today, police said. The victims, all men, were yet to be identified. They were coming to the city from Pallipalayam in Namakkal when the mishap occurred.

Bengal's disaster recipe: Communal contest over Durga puja and Muharram processions

Has communal hatred seeped into the Bengali-speaking middle-class psyche? Traditional drummers perform during the unveiling of a kilometer long street 'Alpona' (sacred art painting) to celebrate the upcoming Durga Puja festival in Kolkata. is the most popular festival in West Bengal.

Cadila Healthcare extends gains after receiving USFDA nod for drug

rose 0.38% to Rs 505.30 at 10:05 IST on BSE, with the stock extending previous session's gains triggered by the company receiving final approval from the US drug regulator to market Itraconazole Capsules 100 mg. The announcement was made at the fag end of the trading session yesterday, 21 September 2017.

US stocks end in the red

Consumer staples and technology sell off the most. shares U.S. stock-market indices closed lower on Thursday, 20 September 2017 retreating slightly from all-time highs, with consumer staples and technology shares selling off the most. Modest losses came a day after the Federal Reserve left interest....

Vrindavan widows find solace in blue-jacket volunteers

Abandoned by her family, an elderly and wrinkled woman lies crumpled on a hospital bed here, maggots falling off one of her decaying hands. The Ramakrishna Mission Hospital says the woman was found on a street. She was in terrible agony when she was admitted. Every day, as nurses and staff clean her hands, the maggots drop from soggy flesh.

In Trump's America, is the Supreme Court still seen as legitimate?

Supreme Court is scheduled to hear arguments about the constitutionality of President Donald Trump’s travel ban. The justices may rule that Trump has exceeded his constitutional authority, or they may dodge the issue entirely, saying that the travel ban’s scheduled Sept. 24 end date takes the decision out of the court’s hands.

Prataap Snacks raises Rs 143.40 crore from anchor investors

Allots 15.28 lakh to 15 anchor investors. shares Prataap Snacks has raised Rs 143.40 crore by selling 15.28 lakh shares to a total of 15 anchor investors ahead of the opening of the company's initial public offer (IPO). The shares were allotted to the anchor investors at Rs 938 per share, the top....

Reliance Home Finance debuts at Rs.107 on NSE


Fadnavis urges Centre to bring SRA scheme under PMAY

Chief Minister Devendra Fadnavis has urged the Centre to bring the state's Slum Rehabilitation Authority (SRA) scheme under the Pradhan Mantri Awas Yojna (PMAY) so that it can get subsidy to create more affordable housing stock. He said the government's intention was to create more housing stock and....

'Newton' an eye opener: Big B

Megastar Amitabh Bachchan says the latest release "Newton" was an eye opener and a treat to watch. Amitabh on Friday lauded the film on Twitter and expressed that "Newton" shows reality. "Saw the film 'Newton'... its stark reality was a treat to watch ! An eye opener on many aspects!" he tweeted.

We are being scapegoated: Highlights of Pak PM Abbasi's first speech at UN

On the sidelines of the 72nd session of the United Nations General Assembly in New York, Abbasi said Pakistan has been consistently active in the war against terrorism and that it has lost more to the cause than any other nation. Abbasi also said the United States did not appreciate the inroads made....

Namma TYGR To hit Bengalururoads in Oct

Namma TYGR is to hit the Bengaluru's cab aggregators market next month. "Yesterday, Namma TYGR, a drivers app, was inaugurated by H D Kumaraswamy" (JD-S leader), Uber, TaxiForSure and Ola (UTO) Drivers and Owners Association leader Tanveer Pasha told PTI here today.

Udaan: You can soon start flying to Shirdi as DGCA grants airport license

Airport in Ahmednagar district, enabling the launch of the long-planned flight operations from this world famous temple town, informed sources said here on Thursday. The development under Udaan project, comes as a boon to Shirdi, which is launching from next month a year-long Shri Saibaba Samadhi....

China online insurer ZhongAn prices HK IPO at top end, raises $1.5 billion: IFR

. (Reuters) - Online Property & Casualty Co priced its IPO at the top of an indicated range, raising $1.5 billion in Hong Kong's biggest ever financial technology stock offering, IFR reported on Friday. China's first internet-only insurer priced 199.3 million new shares at HK$59.70 ($7.65) each, the top of a HK$53.

Reliance Home Finance locked in 5% upper circuit at Rs 109 on debut

Reliance Home Finance, the demerged home business of Reliance Capital, got locked in 5% upper circuit at Rs 109 on BSE on the first day of its debut in an otherwise weak market. The stock listed at Rs 104 on the BSE. On the National Stock Exchange (NSE), the stock too frozen at maximum upper limit of 5% at Rs 107 after listing at Rs 102.

Aditya Birla SUN Life AMC launches new fund scheme

Aditya Birla Sun Life AMC Ltd has launched a new fund scheme which will invest mainly in equity and equity-related securities. The Aditya Birla Sun Life Resurgent India Fund - Series 5, a close-ended equity scheme with tenure of 3.5 years, opened for subscription on September 20 and closes on October 4, the company said in a statement.

Congress to submit signatures on Women's Reservation Bill to President

The Congress MP said they had sought time to meet the President and urge him to impress on the government to take steps for the early passage of the bill.

PM Modi to flag off train link to Vadodara during two-day Varanasi visit, beginning today

Modi will today visit his constituency, Varanasi, and will flag off a direct train service to Vadodara. During his two-day visit to his Varanasi, Prime Minister Modi will also dedicate the Deendayal Hastkala Sankul to the nation and flag off the Mahamana Express. This train will connect Varanasi with Surat and Vadodara in Gujarat.

Japan prepared to face N.Korean H-bomb threat

The Japanese government on Friday said that it was prepared to face North Korea's threat to launch a hydrogen bomb into the Pacific Ocean. spokesman Yoshihide Suga said at a press conference that the Japanese authorities were monitoring the situation closely, and described the North Korean regime's threat as unacceptable, reports Efe news.

FinMin says CEA Arvind Subramanian not resigning; extension may be in works

Subramanian may get an extension once his three-year term as CEA expires in October. The finance ministry on Thursday dismissed speculation on the resignation of (CEA) will continue. Reports regarding resignation are not correct," the said, as Sources said Subramanian might be given an extension. However, this couldn’t be independently verified.

Power projects worth 32,000 Mw in lurch as govt's Mega Power Policy delayed

ALSO READ: Smooth coal supply to power plants from early October: Piyush Goyal To avail of the benefit, the power producers need to sign power purchase agreement (PPA) for at least 70 per cent of power generated through competitive bidding and balanced through regulated market.

India tour: PCB to appeal to ICC's Disputes Resolution Comm

Cricket Board (PCB) has decided to pursue compensation claim case against the BCCI with the 'Disputes Resolution Committee' of the International Cricket Council (ICC). PCB Chairman, Najam Sethi is the UK meeting with the British legal firm for advise. PCB's chief operating officer, Subhan Ahmad has also flown to for the same purpose.

Ashapura Intimates scales fresh peak after introducing new brand

The announcement was made before market hours today, 22 September 2017. Meanwhile, the S&P BSE Sensex was down 260.52 points or 0.8% at 32,109.52. The S&P BSE Small-Cap index was down 216.99 points or 1.29% at 16,567.83. On the BSE, 19,619 shares were traded in the counter so far as against average....

S&P says downgraded China as debt drive taking longer than expected to curb risks

(Reuters) - China's attempts to reduce risks from its rapid buildup in debt are not working as quickly as expected and credit growth is still too fast, S&P Global Ratings said on Friday, a day after it downgraded the country's sovereign credit rating. While S&P had warned months ago that such a move....

S&P says downgraded China as credit growth still too fast

By Elias Glenn and Yawen Chen. (Reuters) - China's attempts to reduce risks from its rapid buildup in debt are not working as quickly as expected and credit growth is still too fast, S&P Global Ratings said on Friday, a day after it downgraded the country's sovereign credit rating.

Trigyn Tech strengthens after extension of contract with United Nations

rose 2.34% to Rs 102.95 at 11:00 on BSE after the company announced that the contract between the United Nations, OICT and its subsidiary has been extended to 30 June 2018. The announcement was made after market hours yesterday, 21 September 2017. Meanwhile, the S&P BSE Sensex was down 304.95 points or 0.

ITI hits 52-week high on being declared as lowest bidder

surged 10.23% to Rs 134.70 at 09:35 IST on BSE, with the stock extending yesterday's rally after the company was declared as lowest bidder for a large project worth approximately Rs 7000 crore. Meanwhile, the S&P BSE Sensex was down 235.34 points or 0.73% at 32,134.70. The S&P BSE Mid-Cap index was down 154.

Omnichannel platform provider Ace Turtle raises venture debt from InnoVen

Ace Turtle, an omnichannel platform provider to offline retailers, has raised a round of venture debt from InnoVen Capital as it looks to expand its services outside India, starting with Southeast Asia. "The funds raised will be used towards an aggressive expansion of our customer base, especially in South East Asia.
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