Business Highlights Of The Day

New Delhi, Nov 21 (PTI) Following are the top business stories at 1910 hrs     

WHATSAPP-APPT

New Delhi: Popular messaging app WhatsApp Wednesday named Abhijit Bose as its India Head, meeting one of the key demands made by the Indian government.

TELECOM-BIRLA

New Delhi: Kumar Mangalam Birla, Chairman of Vodafone Idea Ltd, has flagged concerns about severe liquidity crunch in the telecom sector and high spectrum payments at a recent meeting with Telecom Minister Manoj Sinha, an official said.

RBI-BANKS CAPITAL

New Delhi: The Reserve Bank’s move to extend the deadline for meeting the capital conservation buffer (CCB) norms by one year would help increase lending capacity of banks by over Rs 3.5 lakh crore, experts said.

STOCKS CLOSE

Mumbai: The BSE benchmark Sensex extended losses for the second session Wednesday by declining over 250 points on heavy selling in IT, teck, metal and auto stocks amid weak global cues.                

ONGC

New Delhi: State-owned Oil and Natural Gas Corp’s (ONGC) natural gas production has hit an all-time high of about 70 million standard cubic meters per day as it doubles up efforts to raise domestic output to curb imports, sources privy to the development said.

ATM-CATMI

Mumbai: Changes in regulatory landscape are making it unviable to operate ATMs, and may lead to the closure of half of the 2.38 lakh machines in the country by March 2019, the Confederation of ATM Industry (CATMi) warned Wednesday.

MARUTI ERTIGA

New Delhi: The country’s largest carmaker Maruti Suzuki India (MSI) Wednesday launched an all-new version of its multi-purpose-vehicle, Ertiga with price starting at Rs 7.44 lakh, hotting up competition in the mass market MPV segment.

 

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