Business

The regulator had received complaints from ITC and LIC — minority shareholders in Hotel Leela — alleging violations by promoters and JMF ARC in respect of asset sale transaction mentioned in the postal ballot notice.

The broader NSE Nifty slipped 15.15 points or 0.13 per cent to close at 11,331.05. During the day, the index hit a low of 11,302.80 and a high of 11,398.15.

In 2017, the UK based firm had approached the regulator over non-payment of dividend amounting to over Rs 340 crore by Cairn India and had appealed to SEBI to direct Vedanta's subsidiary to pay the dividend along with an interest of 18 per cent per annum.

A stock exchange notification showed that Rana Kapoor has pledged his entire holding of 4.3% and Morgan Credits pledged its entire holding of 3.03%.

Kotak Mahindra Bank’s net interest income (NII) during the June quarter increased 22.8% year-on-year to Rs 4,159.1 crore on a loan growth of 18%.

As per the rules, RWAs are required to collect GST on monthly subscription/contribution charged from its members if such payment is more than Rs 7,500 per flat per month.

The campaign has been conceptualised by the CBDT and it will be launched across all regional offices of the Income Tax Department, according to officials.

The board discussed about appointing a woman director and that would need changes in the company's Articles of Association (AoA)

The uptick in June follows a marginal under 3 percent growth in May ferrying 112 million passengers. This was after a 4.5 percent de-growth in April, the first time in six years, due to the grounding of Jet Airways.

Cyient Limited said its consolidated revenue for the June quarter stood at $156.6 million, down 5.2% compared with $165.2 million in the previous quarter and 2.6% lower than the revenue of $160.8 million in the same quarter last year.

On a standalone basis, the bank's net profit stood at Rs 113.76 crore in April-June period this fiscal, down by 91 per cent from Rs 1,260.36 crore a year ago.

Interestingly, the government’s policy think-tank Niti Aayog had earlier in 2017 proposed that Coal India be broken up so that its units can compete against each other. The idea was dismissed at the time by then coal minister Piyush Goyal.

Britain's prime ministerial frontrunner Boris Johnson had recently expressed his disappointment at UK retailers like Sainsbury's and Waitrose not being able to set up base in India.

The government has instituted a comprehensive strategy for recognition of NPAs transparently, resolution and recovery of value from stressed assets, recapitalising of public sector banks (PSBs) and reforms in PSBs to reduce bad loans, Sitharaman said.

At 2.09 pm, shares of Yes Bank were trading at Rs 101.80, up 9.2%, on BSE. The stock has lost 75% of its value in the last one year.

The Department of Investment and Public Asset Management has deemed golf courses and sports clubs owned by central public sector enterprises as 'non-core' assets and wants to monetise them.