Business

Lakshmi Vilas Bank and Indiabulls Housing Finance had announced a share-swap deal in April earlier this year. The Competition Commission of India had already given its green light to the proposed merger in June.

In April this year, Indiabulls Housing Finance (IBHF) had announced the proposed merger in April and applied for the RBI nod in May.

Housing sales fell to 36,826 units from 37,324 units, while new launches declined to 37,544 units from 39,133 units across seven cities — Delhi NCR, Mumbai, Bengaluru, Chennai, Hyderabad, Pune and Kolkata.

At present, the Bengaluru-based airline, which has limited operations from the city, flies from the international terminal (T2) of the Mumbai airport.

Valuation losses due to the depreciation of the US dollar against the rupee and other major currencies were placed at USD 1.7 billion.

The bank also listed out targets for merchant acquisitions and said it is aiming for a 5 percentage points reduction in its cost-to-income ratio as a result of the digital push.

The slum redevelopment focused Housing Development and Infrastructure or HDIL is in the bankruptcy court now after being hit by a severe cash crunch following the failure of some of its key projects in the city.

Through his Japanese conglomerate SoftBank and a $100 billion investment fund, Masayoshi Son plowed huge sums into these and other companies that aim to change how people work, travel and live.

The projects were approved in food processing, chemicals, metal, infrastructure, power, renewable energy and downstream sectors.

South Wales Police initially issued a statement to reassure the people of the area that the accident was 'an isolated incident' and that there was no threat to the wider public.

Allcargo Logistics Ltd shares advanced 4.3% as the company is in final round of talks to pick up 14.38% stake in express logistics company Gati.

Binny Bansal, who graduated from the prestigious institution in 2005, is the youngest alumni to be awarded this year for his 'outstanding contribution made in entrepreneurship'.

The 30-share Sensex soared over 1,426 points in day trade before closing higher by 1,075.41 points or 2.8 per cent at 39,090.03, a level not seen since July 17.

Thomas Cook declared bankruptcy on Monday after the rescue effort fell through, triggering the UK's biggest repatriation since World War II to bring back stranded passengers.

The Centre will have 16 officials and will be headed by a Principal Chief Commissioner of Income-tax (PCCIT) as its chief.

The combined entities held 9.64 per cent holding in the bank which now stands at 6.89 per cent.