· RBI allows outstation cheque charges hike
· HCL Infosystems to sell arm to Tikona
· Razdan resigns from Aditya Birla Money
RBI allows outstation cheque charges hike
The Reserve Bank of India has allowed banks to hike charges for outstation cheques and cheques under speed clearing “to hasten the migration of transactions to electronic mode“, the central bank said on its website. Henceforth, banks will be allowed to charge customers for outstation cheques and cheques under speed clearing valuing above `1 lakh. Both these charges were capped at `150 before the notification.
HCL Infosystems to sell arm to Tikona
Information technology hardware maker HCL Infosystems Ltd n Wednesday said it will sell its wholly owned subsidiary HCL Infinet to Internet services provider Tikona Digital networks. The sale of shares is subject o and shall be effective post necessary regulatory approvals, HCL Infosystems aid in a statement. The company declined to comment on the deal size.
“HCL Infinet is today poised to take on a different growth trajectory and is best suited to further strengthen an enterprise like Tikona...,“ HCL nfosystems CEO Harsh Chitale said.
Razdan resigns from Aditya Birla Money
Pankaj Razdan resigned as the director and manager of Aditya Birla Money, a group company of Aditya Birla Financial Services Ltd, the financial services arm of the Aditya Birla group, the company informed the stock exchanges on Wednesday. Sudhakar Ramasubramanian has been appointed as the managing director for a period of three years.