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Editor's Desk Retail chain major Subhiksha Trading Services has decided to shed half of its leased properties on account of mounting lease rentals as the company is facing a severe financial crisis. The retail chain, which has around 1,600 shops in India and is spending around Rs 7 crore every month as rent, will save around Rs … Read more Crisis-ridden Subhiksha to shed 50% of leased properties to cut costs
Foreign institutional investors (FIIs) were net sellers of Rs 590.92 crore (provisional) in the cash segment on Thursday, as per information posted on the BSE website. While FIIs made gross purchases of Rs 1,533.35 crore, their gross sales stood at Rs 2,124.27 crore. Domestic institutional investors (DIIs) were net buyers of Rs 479.04 crore (provisional) … Read more FII net sellers of Rs 591 cr in cash segment on Thursday
Yes Bank has launched the next generation retail banking service for its customers in Rajasthan. The service offers a wide range of online products and services including internet mobile and ATM network across 117 branches of the bank across the country. Other innovative services include single password access, MF online, wealth advisory, online payments, international … Read more Yes Bank launches next generation retail banking service in Rajasthan
The Insurance Regulatory and Development Authority (IRDA) has asked insurance companies not to accept premium money beyond Rs 50,000 in cash and to strictly adhere to anti-money laundering (AML) guidelines. The regulator has instructed insurance companies to accept premium of more than Rs 50,000 through banking channels such as cheque, credit card or demand draft. … Read more Insurance Premium Money over Rs 50,000 by Cheque Only
Reliance Industries Ltd (RIL), is reported to be in talks with public sector oil marketer Hindustan Petroleum Corporation (HPCL) for a tag up to run the RIL’s fuel retail outlets, closed a year earlier after incurring huge losses. As of now, HPCL has issued a limited tender to five merchant bankers to advise it on … Read more RIL in talks with HPCL on operating petrol pumps
Sonata Software has launched a wholly owned subsidiary at Dubai Internet City, the region’s leading managed ICT cluster. Sonata Software FZ – LLC will provide value-based IT solutions to customers, augmenting its footprints in Middle East and Africa. The company aims to target regional market segments including the travel tourism, hospitality and construction Industries in … Read more Sonata Software establishes regional hub in Middle East