Polling underway in 67 Assembly seats in western Uttar Pradesh 

 The districts where polling is on amid tight security arrangements are Saharanpur, Bijnor, Moradabad, Sambhal, Rampur, Bareilly, Amroha, Pilibhit, Kheri, Shahjahanpur and Badaun. |  Polling underway in 67 Assembly seats in western Uttar Pradesh Polling began this morning in 67 Assembly constituencies spread over 11 districts of western Uttar Pradesh figuring in the second phase of voting. The districts where polling is on amid tight security arrangements are Saharanpur, Bijnor, Moradabad, Sambhal, Rampur, Bareilly, Amroha, Pilibhit, Kheri, Shahjahanpur and Badaun. Official sources said here that elaborate arrangements have been made for free and fair polling. Of the 67 seats at stake, ruling Samajwadi Party had won 34 in 2012, followed by BSP 18, BJP 10, Congress three and others two. In this phase, 720 candidates are in the fray with a maximum of 22 from Barhapur (Bijnor) and a minimum of four nominees from Dhanaura (Amroha). Prominent contestants include controversial SP minister Azam Khan and his son Abdullah Azam, who are contesting from Rampur and Swar seats respectively, Saif Ali Naqvi, son of former Congress MP Zafar Ali Naqvi, former central minister Jitin Prasada from Tilhar (Shahjahanpur), BJP Legislature Party leader Suresh Kumar Khanna from Shahjahanpur city and state minister Mehboob Ali from Amroha. The fate of these candidates will be decided by 2.28 crore voters, including over 1.04 crore women, eligible to cast their ballots in 14,771 polling centres and 23,693 polling stations. 

Foreign investors can now buy more HDFC Bank equity

 Foreign investors can now buy more shares in HDFC Bank as the Reserve Bank has removed restrictions imposed on it with immediate effect. |Foreign investors can now buy more HDFC Bank equity Foreign investors can now buy more shares in HDFC Bank as the Reserve Bank of India has removed restrictions imposed on it with immediate effect. The aggregate foreign shareholding through ADR/GDR/FIIs/FPIs/FDI/NRIs/PIOs in HDFC Bank have gone below the prescribed limit stipulated under the extant FDI Policy, RBI said in a notification. "Hence the restrictions placed on the purchase of shares of the above company are withdrawn with immediate effect," RBI said

HDFC Bank at new high, up 9%; 

RBI withdraws FII stake-buy limit As on December 31, 2016, promoter shareholding in the bank was at 26.09 percent. Error loading player: No playable sources found Shares of HDFC Bank touched a record high of Rs 1450, rising more than 9 percent intraday Friday after the RBI has withdrawn the limit for purchase of shares. The Reserve Bank of India on Thursday notified that the aggregate foreign shareholding through American Depository Receipts (ADR)/Global Depository Receipts (GDR)/ foreign institutional investors (FIIs)/foreign portfolio investors (FPIs)/ foreign direct investment (FDI)/non-resident Indians (NRIs)/ persons of Indian origin (PIOs) in HDFC Bank have gone below the prescribed limit stipulated under the extant FDI Policy. Hence, the restrictions placed on the purchase of shares of the above company are withdrawn with immediate effect, it said

Samsung heir arrested in corruption probe

 The heir of South Korean giant Samsung was today arrested as part of a probe into corruption and influence-peddling that caused President Park Geun-Hye to be impeached. |  Samsung heir arrested in corruption probe The heir of South Korean giant Samsung was today arrested as part of a probe into corruption and influence-peddling that caused President Park Geun-Hye to be impeached. "It is acknowledged that it is necessary to arrest (Lee Jae-Yong) in light of a newly added criminal charge and new evidence," a court spokesman said in a statement. Lee Jae-Yong, Samsung Electronics vice chairman, is accused of paying nearly USD 40 million in bribes to Park's secret confidante to secure policy favours. He was already being held at a detention centre after appearing in court yesterday as judges deliberated whether to issue an arrest warrant. Lee, the son of the Samsung group boss Lee Kun-Hee, has been quizzed several times over his alleged role in the scandal that has rocked the nation.