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Stock market update: Realty shares bullish; Sobha gains over 1%
NEW DELHI: Realty shares were trading in the positive zone in Monday's morning session.

Shares of Brigade Enterprises (up 1.30 per cent), Sobha (up 1.16 per cent), Oberoi Realty (up 1.11 per cent) and Phoenix Mills (up 0.64 per cent) were the top performers in the index.

DLF (up 0.61 per cent), Prestige Estates Projects (up 0.42 per cent) and

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Mumbai: Dewan Housing Finance Corp Ltd (DHFL) has paid Rs 100 crore to investors in its commercial paper, due for redemption on Friday, from the proceeds of loan portfolios the company recently sold to financiers.

DHFL raised Rs 350-400 crore collectively by selling loan portfolios, said two people with direct knowledge of the matter. Besides

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DHFL says making all efforts to meet debt obligations
After defaulting on its debt obligations, crisis-hit Dewan Housing Finance Ltd (DHFL) Friday said it is taking all necessary steps to meet repayments within the seven-day grace period and prevent any future default. DHFL, the third-largest pure-play mortgage lender, has received rating downgraded on its Rs 850 crore worth commercial papers (CPs)
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Reliance Power shares hit 10% lower circuit limit on Rs 3,559 crore Q4 loss
NEW DELHI: Shares of Reliance Power hit the lower circuit limit of 10 per cent in Monday's session after the company on Friday reported a net loss of Rs 3,558.51 crore in the January-March quarter.

The company reported a net loss of Rs 3,558.51 crore in the January-March quarter, dented by the impairment and writeoff, as against a profit of Rs

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The plot thickens around top-notch audit firm Deloitte and its once-prized client IFIN, the company at the centre of the IL-FS fiasco.

Deloitte, according to the Serious Fraud Investigation Office (SFIO), had disregarded the Reserve Bank of India’s regulations, turned a blind eye to IFIN’s ‘evergreening’ of loans, and never cross-checked any of

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Stock market update: Realty shares advance; Indiabulls Real Estate climbs 3%
NEW DELHI: Realty shares were trading in the positive zone in Friday's morning session.

Shares of Sobha (up 3.60 per cent), Godrej Properties (up 3.40 per cent), Indiabulls Real Estate (up 3.27 per cent) and Brigade Enterprises (up 2.59 per cent) were the top performers in the index.

DLF (up 1.37 per cent), Mahindra Lifespace Developers (up 1.18

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Share market update: Nifty Pharma index up; Cipla rises 2%
NEW DELHI: Pharma shares were trading higher in Monday's morning session with their sectoral index trading higher.

Shares of Cipla (up 1.96 per cent), Dr. Reddy's Laboratories (up 1.23 per cent), Glenmark Pharmaceuticals (up 0.95 per cent) and Piramal Enterprises (up 0.58 per cent) were trading higher.

Aurobindo Pharma (up 0.33 per cent), Divi's

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The Reserve Bank of India issued the much-anticipated, revised circular on dealing with defaulters that retained the original spirit of its efforts to discipline borrowers and banks but sought to make the rules compliant with the Supreme Court’s observations. The central bank put the onus on lenders to act quickly to preserve the value of assets i
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RBI lobs the ball into governmentcourt

The Monetary Policy Committee has confined itself to the routine tinkering of rates, guided as it is by its mandate to contain inflation as measured by the consumer price index. A reduction of the policy rate by 25 basis points is neither here nor there, when it comes to addressing the funds crunch faced by builders and other players in the

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J-K Bank share price: J-K Bank crashes 20% amid investigations against chairman - The TheIndianSubcontinent

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Wall Street rallies on rate cut hopes, China tariff delay
Wall Street's main indexes rose 1% on Friday, as a sharp slowdown in May domestic job growth raised hopes of an interest rate cut, while Washington's decision to delay tariffs on Chinese goods added to the upbeat mood.

The S-P 500 is up 4.8% this week, putting it on pace for its best weekly gain since November, on rising expectations that the

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Share market update: Nifty Pharma index down; Cipla dips 2%
NEW DELHI: Pharma shares were trading lower in Friday's morning session with their sectoral index trading lower.

Shares of Glenmark Pharmaceuticals (down 2.04 per cent), Cipla (down 2.04 per cent), Dr. Reddy's Laboratories (down 1.86 per cent) and Biocon (down 1.76 per cent) were the top losers in the index.

Lupin (down 0.69 per cent), Divi's

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Stock market update: IT shares advance; Tech Mahindra climbs 2%
NEW DELHI: IT shares were trading in the positive zone in Monday's morning session.

Shares of Tech Mahindra (up 2.22 per cent), HCL Technologies (up 2.03 per cent), Tata Consultancy Services (up 2.01 per cent) and Infosys (up 1.78 per cent) were the top gainers in the index.

NIIT Technologies (up 1.71 per cent), Oracle Financial Services

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SBI MF sells Kirloskar Oil Engines shares worth Rs 59 crore
SBI MF: SBI MF sells Kirloskar Oil Engines shares worth Rs 59 crore - The TheIndianSubcontinent

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Indiabulls Real Estate surges 15% as Blackstone looks to buy entire promoter stake
NEW DELHI: Shares of Indiabulls Real Estate surged 15 per cent to Rs 151 in Friday's session on reports that Blackstone may acquire the promoters' stake in the company.

PTI reported that the US-based investment firm Blackstone may acquire Indiabulls Real Estate's promoters' stake at an estimated enterprise value of around $1 billion.

Blackstone

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Share market update: PSU Bank shares gain; OBC rises over 1%
NEW DELHI: Shares of PSU banks were trading with gains in Monday's morning session.

Shares of Oriental Bank of Commerce (up 1.37 per cent) , State Bank of India (up 1.01 per cent) , Indian Bank (up 0.83 per cent) and Syndicate Bank (up 0.74 per cent) were the top performers in the index.

Canara Bank (up 0.70 per cent) , Union Bank of India (up

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Kotak Bank fined Rs 2 crore for not sharing promoter stake info
The Reserve Bank of India (RBI) has slapped a penalty of 2 crore on Kotak Mahindra Bank, for the non-state lender’s failure to adhere to the regulator’s diktat on promoter shareholding.

The central bank has been engaged in a dispute with Kotak Mahindra since 2014 over its failure to meet the milestone for stake reduction by Uday Kotak, the

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Stock market update: IT shares mixed; Infibeam Avenues rises 2%
NEW DELHI: IT shares were trading on a mixed note in Friday's morning session.

Shares of Infibeam Avenues (up 2.21 per cent), NIIT Technologies (up 0.97 per cent), Wipro (up 0.65 per cent) and Mindtree (up 0.35 per cent) were the top performers in the index.

Tech Mahindra (down 0.83 per cent), Tata Consultancy Services (down 0.70 per cent), Oracle

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Market in no hurry to go higher; square off long bets sell on rise
The domestic equity market had a turbulent week as more skeletons tumbled out in the ongoing liquidity crises that the financial markets have been facing. After DHFL defaulted on a portion of interest payments and the difficulty it has been facing in rolling over commercial papers give a glimpse of what happened in the US a decade ago during the
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SBI to launch cheaper repo-rate linked home loans from July 1; Cuts interest rates for some customers
State Bank of India (SBI), the country’s biggest mass-lender, on Friday began a new era of transparency in consumer loans by linking the pricing of its home-financing products to the central bank policy rate used for setting the broader cost of debt in the economy.

Starting July 1, consumers would have the option to take SBI home loans pegged to

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Share market update: PSU Bank shares gain; Syndicate Bank up 2%
NEW DELHI: Shares of PSU banks were trading with gains in Friday's morning session.

Shares of Syndicate Bank (up 2.64 per cent), Allahabad Bank (up 1.66 per cent), Union Bank of India (up 1.30 per cent) and Canara Bank (up 1.17 per cent) were the top gainers in the index.

Jammu - Kashmir Bank (up 1.10 per cent), State Bank of India (up 0.83

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IDBI Bank plans to exit NSE, sell its 1.05% stake
State-owned lender IDBI Bank plans to sell its entire 1.05 per cent stake in National Stock Exchange (NSE). The bank is looking to sell 52.16 lakh shares, according to an initial bid document, as part of its strategy to exit non-core businesses.

This stake sale could fetch the bank around Rs 500 crore as NSE shares are currently traded at around

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Draft law proposes 10-year jail for dealing in cryptocurrency
NEW DELHI: Holding, selling or dealing in cryptocurrencies such as Bitcoin could soon land you in jail for 10 years.

The "Banning of Cryptocurrency and Regulation of Official Digital Currency Bill 2019" draft has proposed 10-year prison sentence for persons who "mine, generate, hold, sell, transfer, dispose, issue or deal in cryptocurrencies.

Besid

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Sensex drops 200 points, Nifty slips below 11,800; IB Realty surges 15%
NEW DELHI: Domestic markets extended their decline to Friday's session, after tanking over 1 per cent in the previous session, as global markets remained weak amid fresh trade war jitters and growing worries about the health of nonbanking finance companies (NBFCs). Private banks were the top mood dampeners.

The assurance by governor Shaktikanta

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Mumbai: HSBC Securities said the market is far too optimistic about the prospects of the aviation sector after the suspension of Jet Airways flights and is ignoring various longer-term risks. While downgrading SpiceJet to ‘reduce’ from ‘hold’ and maintaining a ‘hold’ on Indigo, the brokerage said the rise in airfares because of Jet going out of bus
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Bank of Maharashtra cuts one-year MCLR by 0.10 pc to 8.60 pc
New Delhi: A day after the RBI cut the key repo rate, public sector Bank of Maharashtra Friday announced to cut the benchmark one-year MCLR by 0.10 per cent to 8.60 per cent. Bank of Maharashtra has reviewed and reduced its marginal cost of funds based lending rates (MCLR) with effect from June 7, 2019, it said in a release.

The one-year MCLR is

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Share market update: Auto shares in the red; MSI down 1%
NEW DELHI: Auto shares were trading in the red in Friday's morning session.

Shares of Apollo Tyres (down 1.78 per cent), Maruti Suzuki India (down 1.35 per cent), Bosch (down 1.02 per cent) and Ashok Leyland (down 0.93 per cent) were the top losers in the index.

Exide Industries (down 0.56 per cent), Amara Raja Batteries (down 0.54 per cent),

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New Delhi | Mumbai: Stakeholders in debt-laden Hotel Leelaventure are apprehensive that a deal to sell company assets to Brookfield may go the way of Jet Airways after the market regulator stalled the transaction.

The Securities and Exchange Board of India, which acted on complaints by minority investors ITC and Life Insurance Corporation of

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MCA, Sebi sign MoU for data exchange for better surveillance
Mumbai: The Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (Sebi) have signed a memorandum of understanding (MoU) for data exchange between the two organisations.

The MoU comes in the wake of increasing need for surveillance in the context of corporate frauds affecting important sectors of the economy, the

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Eros Media, Manappuram Finance among top losers on BSE
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 184.14 points down at 39,345.58 on account of selling in frontline bluechip counters.

Shares of Pritish Nandy Communications (down 19.14 per cent), Somi Conveyor (down 18.18 per cent), Eros Media (down 15.25 per cent), Shree Rama Multi Tech (down 11.83 per cent), Manaksia Aluminium

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