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Business Briefs

Stocks shine

Mumbai, Jan. 1: The BSE benchmark Sensex today rose 154 points to a 20-month high helped by the US Senate’s approval of a bill to avoid the so-called “fiscal cliff” and heavy buying in banks, metal and auto stocks. The 30-share index rose 154.10 points, or 0.79 per cent, to end at 19580.81. This was its highest closing since 19602.2 on April 21, 2011.

Bank rate cut

New Delhi, Jan. 1: The Oriental Bank of Commerce has reduced interest rate on home loans of up to Rs 30 lakh by 0.1 per cent. Home loans will now be available for 10.40 per cent with an EMI of as low as Rs 937 per lakh.

L&T Finance

New Delhi, Jan. 1: L&T Finance Holdings has completed the acquisition of auto finance company Family Credit Ltd for Rs 120 crore.

Realty model

New Delhi, Jan. 1: Fair trade regulator CCI is working on a framework for commercial agreements between real estate developer and the property buyer, which will serve as a benchmark for the industry.


 
 
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