Business

The regulator has fined the promoters for violating Prohibition of Insider Trading (PIT) regulations.

The board decided that the final decision regarding allotment to Citax Holdings and Citax Investment Group will follow in the next board meeting, subject to requisite regulatory approval.

The fund infusion will enhance foreign stakeholding in Bharti Telecom to over 50 per cent that will make it a foreign-owned entity.

Airtel and Vodafone Idea have filed separate petitions in the Supreme Court seeking review of the October 24 order of the apex court that held them liable to pay statutory dues for past 14 years after including non-telecom revenue in their annual adjusted...

Asked if there could be more measures announced to bolster economic activity, Nirmala Sitharaman said the government is working on coming up with fresh measures to revive the pruning economy.

The Aditya Birla group xhairman Kumar Mangalam Birla said that some of the corporates would like to use the package to repay debt and some would like to use it for capacity expansion.

Bankers and economists had widely expected the central bank to cut rates for a sixth time to support a slowing economy, whose growth rate slipped further to a six-year low of 4.5 per cent.

Most analysts are expecting CSB Bank shares to list at a hefty premium of around Rs 50 per share, over 25% more than the final issue price of Rs 195 apiece. The grey market premium is also around 60-65 per share, as per some reports.

For lenders, the public sector firm has also proposed to increase concession agreement by 10 years on Yamuna Expressway, which connects Noida to Agra in Uttar Pradesh.

Finance Minister Nirmala Sitharaman last month said the government plans to bring in legislation on raising the insurance cover on bank deposits from the current Rs 1 lakh during the winter session of Parliament.

The government has also asked the central bank to consider a one time waiver to banks from classifying some real estate loans as bad loans, the government official, who declined to be named, said.

Besides stock holding limit the Centre has banned exports of onion and importing 1.2 lakh tonnes to control prices. Onion prices are ruling at Rs 70-80 per kg in retail markets across major cities.

Telecom Regulatory Authority of India has sought views on higher transparency in details of unlimited data plans, where promised speed is provided only up to a certain level of usage and information is concealed in service thereafter.

Zee Entertainment Enterprises Ltd shares plunged 9% after Subhash Chandra stepped aside as the chairman of the company.

Easing crude oil prices and a weaker greenback in overseas markets also influenced the sentiment, forex dealers said.

RCom committee of creditors, which was to open the bid on Monday, has decided to meet again on Friday to finalise the winner.