Social media giant Facebook on Monday said it has appointed former Hotstar executive Ajit Mohan as Vice-President and Managing Director of its India operations.

Dewan Housing Finance stock rises up to 24.80 per cent; WhatsApp takes key measure to curb fake news, appoints grievance officer for India; US, China impose fresh tariffs with no trade talks in sight; and RBI shortlists Infosys, TCS, 3 other IT firms to implement CIMS. Watch more in this episode of Business Wrap.

The vacancies - all for legal consultants - are available on contract basis. Successful candidates are eligible to earn up to Rs 2.10 lakh per month.

In the last two RBI rate hikes, the quantum of transmission of the deposit rates has been higher than the lending rates.

He discusses where India fits into his global scheme of things, the anticipated challenges in integrating the two major companies with deep presence in India and of handling some of the legacy issues

The refinery officials' plan to cut imports illustrates that rising crude prices and emerging market currency weakness may start causing oil demand to decline in a number of markets that have so far seen healthy crude consumption.

The election commission released provisional results earlier Monday showing Solih had won the South Asian island nation's third-ever multiparty presidential election with 58.3 percent of the vote.

While the Sensex closed 536 points or 1.46% lower to 36,305, the Nifty lost 175 points or 1.58% to trade at 10,967 level. This is the weakest closing since July 11 when it settled at 36,265.93. The Sensex has lost 1,249.04 points in the previous four sessions.

Brent crude, the international oil benchmark, jumped 2.6 per cent on Monday, its highest since 2014, after Saudi Arabia-led OPEC and Russia stopped short of pledging to boost crude output ahead of US sanctions on Iran.

The ED had registered a money laundering case against Sterling Biotech and its promoters, the Sandesara brothers, last October, taking cognisance of a CBI FIR on charges of alleged corruption.

The Congress memorandum alleges a loss to the exchequer, and a national security concern over the selection of 'non-experienced' business group instead of state-owned Hindustan Aeronautics Limited (HAL) as part of the offset agreement.

The device will go against Nokia 6.1 Plus and Xiaomi's Mi A2. The new handset will be an online-exclusive device and is aimed at competing with Chinese smartphone manufacturers that have come to dominate the mid-range segment.

While the SpiceJet stock fell up to 4.15% to 73.85 level  in afternoon trade,  the InterGlobe Aviation stock was down up to 6.011% to 851 level on the BSE.  

India will have a superfast broadband connectivity of 100 Gbps after the launch of three major satellites as early as next year.

BSNL will look at collaborating with Softbank for its satellite constellation which will have around 900 satellites to provide high speed internet services across the globe.

While the Sensex was trading 519 points or 1.41% lower, the Nifty lost 170 points or 1.53% to trade at 10,971 level. Top losers on the index were M&M (6.85%), Adani Ports (5.93%), Bharti Airtel (5.44%) and HDFC (5.34%).

It will be a great boost to air connectivity in the Northeastern part of the country as before Pakyong, the nearest airport to the capital city of Gangtok was around 124 km away in Bagdogra.

WhatsApp has said Lahiri will be based in the US, and people can also contact her via WhatsApp or post at the company's Menlo Park address in California.  The company says nothing on 'tracing' of the origins of incendiary messages.

Recognising the weaknesses of password-based systems, companies the world over are increasingly betting on biometric security.

The decision to cut imports illustrates that rising crude prices and emerging market currency weakness may start causing oil demand to decline in a number of markets that have so far seen healthy crude consumption.