Business & Finance Updates
Cardless ATM Cash Withdrawals now Possible Through SBI
State Bank of India launched ‘YONO Cash’ for cardless withdrawal of cash on March 15, 2019. YONO Cash initiates the cash withdrawal process on the YONO app with a six-digit PIN for the transaction. This was launched at over 16,500 SBI ATMs across the country.
RInfra to Sell Delhi-Agra Toll-way Stakes
Reliance Infrastructure (RInfra) announced that it will be selling its entire stake in Delhi-Agra Toll Roadway to Cube Highways of Singapore for Rs 3,600 crore. The announcement was made on March 14, 2019. The company's debt will be reduced by 25% after this deal.
HDFC Bank Crosses Rs. 6 lakh crore Market Capitalisation
HDFC Bank became the third Indian company to cross 6 lakh crore market capitalisation on March 13, 2019. HDFC Bank is India’s largest private sector lender by assets.
Jet Airways Seeks Funds to Fly
After Jet Airways was forced to ground 50 aircrafts, the airline's financial decline further deteriorated. The Founder-Chairman of Jet Airways, Naresh Goyal has now asked its equity partner Etihad for Rs. 750 crore.