Daily News Podcast: Dewan Housing Finance stock rises up to 24.80% : Bulletin: Business Today
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Daily News Podcast: Dewan Housing Finance stock rises up to 24.80%

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September 24, 2018

Dewan Housing Finance stock rises up to 24.80 per cent
The Dewan Housing Finance stock made a partial recovery in early trade after statements from Dewan Housing management on the default possibility. Further statements from finance minister Arun Jaitley and other govt regulators sought to pacify investor's concerns after Friday's crash of 60% in intra-day trade. The Dewan Housing Finance stock rose up to 24.80% or 87 points to 438.75 level in early morning trade. On Friday, the stock went into a tailspin, nosediving 42.43 per cent to end at Rs 351.55 on the BSE. Intra-day, it tanked 59.67 per cent to Rs 246.25-its 52-week low. DHFL's market valuation tumbled Rs 8,120.41 crore to Rs 11,031.59 crore on BSE.
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WhatsApp takes key measure to curb fake news; appoints grievance officer for India
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RBI shortlists Infosys, TCS, 3 other IT firms to implement CIMS
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US, China impose fresh tariffs with no trade talks in sight
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RBI to meet IL&FS shareholders ahead of company's AGM: Report
The Reserve Bank of India has called the shareholders of Infrastructure Leasing and Financial Services for a meeting next week as the company continues to default on its payment obligations. The central bank will meet IL&FS meeting on September 28 to talk about the recent set of defaults by IL&FS and its subsidiaries, said a Bloomberg report. The meeting will be chaired by a RBI deputy governor, the report further added.
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