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

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

Loading the player...

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.
 
Refiners may reduce oil imports as crude prices soar, rupee struggles
India, the world's third-biggest oil importer, is considering reducing oil purchases to mitigate the pain of high crude prices and the declining rupee, said two sources at different Indian refineries with direct knowledge of the matter. The soaring import costs are becoming a headache for Prime Minister Narendra Modi's government ahead of general elections next year. Refinery officials met on September 15 in Mumbai to discuss options for dealing with the rising oil prices which have been exacerbated by the declining rupee, said the two sources who attended the meeting.

WhatsApp takes key measure to curb fake news; appoints grievance officer for India
Facebook-owned WhatsApp has fallen in line to keep a key promise to the government by appointing a grievance officer to handle complaints on fake news in India and has spelt out a detailed process for users to flag concerns and complaints. The officer is based out of the US which sources say is in tune with similar practices by other American tech giants.

RBI shortlists Infosys, TCS, 3 other IT firms to implement CIMS
The Reserve Bank has shortlisted five IT firms including Infosys and TCS for implementation of a centralised information and management system (CIMS) for seamless data collection and validations. The central bank had invited of expression of interest (EOI) in July for identification of solution provider for implementation of CIMS by overhauling the Data Warehouse (DW) of the apex bank.

US, China impose fresh tariffs with no trade talks in sight
The United States and China imposed fresh tariffs on each other's goods on Monday, as the world's biggest economies showed no signs of backing down from an increasing bitter trade dispute that has rattled financial markets. The two countries have slapped tariffs on $50 billion worth of each other's goods earlier this year.

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.
More from this section