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September 22, Saturday 2018 2:29 PM       
       HEADLINES: Bishop discharged from hospital                                              Saradakkutty remembers nuns who stood with victim                                              Bishop to be presented in court after another medical check-up                                              Dieep’s former advocate to appear for bishop Franco                                              Priests ordained by Franco married, offered qurbana                                              “If church try to throw us out, we’ll face it”, say nuns                                              Russia warns US it is 'playing with fire' with sanctions                                              Batsmen have to be better prepared when they go to England next time: Dravid                                              Batsmen have to be better prepared when they go to England next time: Dravid                                              Kaumudi Facebook
       BUSINESS  
         Sensex ends in red after 1,000-pt flash crash    
 
 
MUMBAI: The BSE Sensex tumbled about 280 points to close below the 37,000-mark Friday after investors were jolted by an over 1,000-point plunge in afternoon trade.

 
         OYO to hire over 2,000 tech experts, engineers by 2020    
 
NEW DELHI: Hospitality firm OYO Friday said it plans to hire over 2,000 technology experts and engineers by 2020. At OYO, 700 technology experts and engineers have developed over 20 in-house products helping 10,000 plus asset partners globally and making them better hospitality players, OYO Founder and CEO Ritesh Agarwal said.

 
         Avis India announces free doorstep delivery, collection of self-drive cars    
 
 
New Delhi: Underlining its commitment to providing safe, reliable, and comfortable transportation solutions, Avis India has announced free car delivery and collection.

 
         Dena Bank surges 20%; BoB tumbles 14% post merger announcement    
 
 
NEW DELHI: Shares of Dena Bank surged up to 20 per cent, while Bank of Baroda tumbled nearly 14 per cent Tuesday following merger announcement. The scrip of Dena Bank zoomed 19.75 per cent to Rs 19.10 -- its highest trading permissible limit for the day -- on BSE. On the other hand, shares of Bank of Baroda dived 13.76 per cent to Rs 116.50 and Vijaya Bank lost 2.59 per cent to Rs 58.25. The government Monday said state-owned Bank of Baroda, Vijaya Bank and Dena Bank will be merged

 
         Vijaya Bank, Dena Bank, BoB to merge: Govt    
 
 
New Delhi: The government will merge state-owned Vijaya Bank, Dena Bank and Bank of Baroda to create India's third largest lender, a top government official said Monday.

 
         Mother Dairy won't cut prices despite Patanjali's cheaper cow milk    
 
 
new delhi: Unfazed by the introduction of cheaper packaged cow milk by new entrant Patanjali group, market leader Mother Dairy Monday said the company will not reduce prices to match competition. Mother Dairy, which sells around 7 lakh litres of cow milk per day largely in Delhi-NCR market, also expressed confidence that its sales volume will not be affected with more players entering in this segment. Haridwar-based Patanjali Ayurved has launched cow milk at Rs 40 per litre as against

 
         Union Bank of India exits Antwerp diamond market    
 
 
NEW DELHI: State-owned Union Bank of India has decided to quit Antwerp diamond hub in Belgium as the branch did not generate expected business, a senior bank official said. The finance ministry had advised all the public sector banks to review their overseas business and close branches which are not profitable as part of strategy to conserve capital. According to the official of Union Bank of India, the bank has already filed for the closure of the branch and process related to shuttin

 
         Naidu discusses bilateral cooperation in trade and defence with Serbian President    
 
 
BELGRADE: India and Serbia on Saturday signed two agreements, including one on air services, as Vice President Venkaiah Naidu met Serbian President Aleksandar Vucic and held "fruitful" discussions with him on strengthening cooperation in a number of areas, including trade, defence and IT.

 
         FundzBazar crosses 2 lakh investors milestone    
 
 
NEW DELHI: Leading online mutual fund investment platform FundzBazar has announced crossing an investor base of 2 lakh in a span of 28 months. FundzBazar, which attributes this success to its channel partners, investors and team Prudent was launched in May 2016. Within 18 months FundzBazar crossed 1 Lakh investors and doubled its investor's base to 2 lakh in just 10 months. "Since beginning, we have focused on making the platform more and more investor-friendly by providing smart and flexib

 
         Ramdev Baba’s Patanjali launches cow milk, french fries and more    
 
 
NEW DELHI: Yoga guru Ramdev’s Patanjali Yogpeeth has now ventured into the dairy sector with an aim to expand its “swadeshi” consumer products portfolio. The firm will launch five products here today including cow 0milk, curd, buttermilk, paneer, cattle feed and feed supplements. “Today we will supply as much as 4 lakh litres of milk across several states of the country. The national capital will get 30,000 litres, Rajasthan will be supplied 8,000 litres, Mumbai to get 10,000 litres and

 
         United Bank of India increases MCLR by five basis points    
 
 
NEW DELHI: Public lender United Bank of India has increased the marginal cost of funds based lending rate (MCLR) by 5 basis point or 0.05 per cent across tenors. "The Asset Liability Management Committee of the Bank..has revised the tenor based MCLR of the bank with effect from September 14, 2018," United Bank of India said in a regulatory filing Thursday. The one-year MCLR has been increased to 8.85 per cent from 8.80 per cent. Six and three-month MCLR will attract lending rates of 8.65 per

 
         RBI submitted a list of high profile fraud cases to PMO: Rajan    
 
 
New Delhi: A list of high profile cases related to banking frauds was sent to the Prime Minister's Office (PMO) for a coordinated action, said former RBI Governor Raghuram Rajan in a note to Parliamentary panel.

 
         Chemists call for strike on Sep28 against online medicine sale    
 
Mumbai: All India Organisation of Chemists and Druggist (AIOCD), announced that they plan to strike on September 28 to oppose online sale of medicines.

 
         Rupee sinks to new low of 72.91, drops 22 paise against USD    
 
 
Mumbai: The rupee Wednesday collapsed to a lifetime low of 72.91 against the dollar at the interbank foreign exchange market. The domestic currency was quoting 22 paise lower at a fresh record low of 72.91 against the US dollar in morning trade amid surging crude oil prices and uanabated foreign fund outflows.

 
         Skills and You develops special module 'Curio'    
 
 
NEW DELHI: Skills and You, an educational enterprise, offering teachers' training, curriculum and content designing, language development and school transformation programs, has been rewarded the teachers implementing Curio - their kindergarten curriculum. The teachers were rewarded at their early childhood education themed marquee event "Curio Reflection", held on September 8th, 2018. The event witnessed participation from eminent personalities in the field education, and included discussi

 
         Google ready to comply with RBI norms for payment services, says official    
 
 
New Delhi: Internet major Google is learnt to have agreed to follow the RBI's local data storage norm for payment services but wants time until December to comply with, according to a government source.

 
         FinMin in touch with RBI for market intervention to contain rupee value    
 
New Delhi: The finance ministry is in touch with the Reserve Bank for market intervention to check declining value of rupee, which has weakened to a low of 72.45 to a dollar, an official said Monday.

 
         Sensex plunges over 400 pts as rupee breaches 72.50 mark    
 
 
MUMBAI: The BSE Sensex plunged over 400 points in afternoon session Monday after the rupee breached 72.50 mark against the US dollar for the first time ever amid weak Asian cues. While, rupee continued its free fall hitting a new low of 72.67 due to a strengthening dollar and widening trade deficit. Global market sentiment turned weak after US President Donald Trump on Friday threatened tariffs on a further $267 billion worth of Chinese imports. While, Beijing warned of retaliation if

 
         Niti Aayog asks auto cos to stick to timeline to achieve full e-mobility    
 
 
NEW DELHI: Niti Aayog Vice Chairman Rajiv Kumar Saturday urged the automobile sector to confine to a timeline for achieving 100 per cent fully electric mobility solutions, powered by renewables. Kumar in his address at the Global Mobility Summit said transformation in the mobility sector requires a collaborative effort from states and all other stakeholders. "India is on the cusp of leading one of the most exciting transformations in the history of transportation. This new mobility pa

 
         FastFox registers 3x growth post rollout of revolutionary 'Open House' model    
 
 
NEW DELHI: Home rental marketplace FastFox has announced a three-fold growth post its adoption of the 'Open House' model. Clocking a month-over-month (MoM) growth of 20 percent, FastFox now extends handpicked renting options (through its AI-based recommendation engine that analyses 108 diverse data points) to its customers based on their end-to-end needs and preferences. The customers can browse through the recommended properties, reserve time slots, and visit these Open Houses at the desig

 
         Jio completes two years, aims to take India to 'top 5' in broadband connectivity    
 
 
MUMBAI: With hopes of taking India to the top five countries in the world in broadband connectivity, network operator Jio has completed two years since its introduction in the market in 2016. Touted as the largest and fasted growing wireless data subscriber base (215.3 million), Jio has triggered a digital revolution and put the power of data within the reach of every Indian. "In a short span of two years, Jio has unleashed the huge data potential in the country, catapulting it to highest

 
         Gold rises 0.46% on positive global cues    
 
 
New Delhi:Gold prices went up by Rs 142 to Rs 30,682 per 10 grams in futures trade today as speculators raised bets amid a firm global trend.

 
         Rupee pares gains, slips 7 paise against US dollar    
 
 
Mumbai: The rupee pared initial gains to fall 7 paise to 71.82 against the US currency in late morning deals Thursday on bouts of dollar demand from banks and importers.

 
         Bajaj Finserv rolls out exciting offers, lowest EMIs on all products    
 
 
NEW DELHI: Bajaj Finance Ltd., the lending arm of Bajaj Finserv has rolled out exciting offers and lowest EMI on electronic product, fitness equipment's, apparels and home appliances. Under the current offering, the customers can avail products like smartphones, TVs and air conditioners, gym equipment's, clothes through Bajaj Finserv EMI network at no cost EMI. What makes this offer more lucrative is that the customers can avail any product from leading brands like LG, Samsung, Nokia, Lloyd

 
         Gadkari pitches for alternate fuels; says govt not against petrol, diesel    
 
 
New Delhi: Transport Minister Nitin Gadkari Wednesday pitched for alternative fuels such as ethanol and methanol along with electric vehicles, reiterating that the government's policy is to reduce import, enhance exports and curb pollution. The minister, who had last year threatened to "bulldoze" the auto industry to adopt electric vehicles, struck a conciliatory note and said the government was not against petrol and diesel fuels.

 
         US dollar ends higher against rupee    
 
Mumbai, Sep 5 (PTI) The US dollar ended higher against the rupee at 71.75/76 per dollar and the pound sterling also finished higher at Rs 91.95/97 at the close of the Interbank Foreign Exchange (forex) market here today.

 
         Sensex drops 140 pts as rupee hits new low    
 
 
Mumbai: Falling for the sixth straight session, the BSE Sensex shed about 140 points Wednesday to close at an over two-week low of 38,018.31 as investor sentiment remained bearish amid a plunging rupee and weak global cues. The rupee crashed to a fresh record low of 71.96 against the US dollar in intra-day trade on the back of rising bond yields and crisis in emerging market currencies.

 
         Chidambaram blames govt for rise in petrol prices, says it is due to 'excessive taxes'    
 
 
NEW DELHI: Senior Congress leader P Chidambaram Tuesday blamed the NDA government for rise in petrol and diesel prices, saying it was happening due to "excessive taxes". In a series of tweets, the former finance minister also demanded that petrol and diesel be brought under the GST immediately. "Relentless rise in prices of petrol and diesel is not inevitable. Because, the price is built up by excessive taxes on petrol and diesel. If taxes are cut, prices will decline significantly,

 
         RBI employees' defer 2-day mass leave programme    
 
 
Kolkata: The two-day mass casual leave on September 4 and 5 called by the United Forum of Reserve Bank Officers and Employees (UFRBOE) has been deferred after discussion with the bank management, the union said Monday.

 
         Rupee plunges to yet another record low of 71.10 vs USD    
 
 
Mumbai: The Indian rupee nosedived to a new life-time low of 71.10, shedding 10 paise against the US dollar in late afternoon trade on Monday, tracking weakening trend in emerging market currencies.

 
 
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