The Supreme Court on Monday dismissed a petition filed by Vodafone against the levy of one-time spectrum charges (OTSC).

Senior advocate Abhishek Manu Singhvi, appearing for Vodafone, told a bench of Justice Arun Mishra and Justice MR Shah that the charges are related to the adjusted gross revenue (AGR).

Indian benchmark indices Sensex and Nifty extended their opening loses on Monday with the former losing 1950 points or 5.72% and the latter shedding 440 points or 4.43%.

About 190 shares have advanced, 730 shares declined, and 62 shares are unchanged.

The Enforcement Directorate (ED) on Monday summoned Reliance Group chairman Anil Ambani in connection with its money laundering prove against the founder of crisis-hit Yes Bank Rana Kapoor.

Ambani has been asked to depose at the ED office in Mumbai as the Reliance Group companies are among the entities whole loans went bad borrowed from the bank.

As four Congress MLAs in Gujarat tendered their resignations, the party on Sunday evening shifted 37 of its MLAs to a resort in Jaipur to prevent any more resignations. All of them were taken to Hotel Shiv Vilas in Jaipur.

In a big jolt to Congress, at least four party MLAs in Gujarat tendered their resignations ahead of the Rajya Sabha elections, sources quoted by Zee News have claimed. The development comes within a week after 22 Congress MLAs resigned in Madhya Pradesh, bringing the Kamak Nath-led government to the brink of collapse.

Shares of YES Bank recorded their sharpest intra-day gain -- 58 per cent -- to Rs 40.40 on the BSE on Monday in an otherwise weak market after the Union Cabinet approved the reconstruction of the crisis-hit private sector lender as per the scheme proposed by Reserve Bank of India (RBI).

At 10:34 am, YES Bank was trading at Rs 38.85, up 52 per cent against its previous day’s close of Rs 25.55 on the BSE. In comparison, the S&P BSE Sensex was down 4.8 per cent at 32,483 points. The counter has seen huge trading volumes with a combined 106 million shares changing hands on the NSE and BSE so far.

Amid the increasing number of confirmed cases of coronavirus in India, all cinema halls, multiplexes, cineplexes and gyms in Noida have been closed till March 31.

All cinema halls, multiplexes, cineplexes, and gyms in the district to remain closed till March 31, in view of COVID-19, Brajesh Narayan Singh, District Magistrate of Gautam Buddh Nagar informed.

Madhya Pradesh Chief Minister Kamal Nath called on Governor Lalji Tandon late on Sunday night.

Coming out of the Raj Bhavan around 12.20 am, Nath told reporters that the governor had called him for a discussion.

India’s $14-billion (or Rs 1-trillion) poultry market has begun a massive culling exercise as consumers keep off chicken products for fear of catching coronavirus. While the Food Safety and Standards Authority of India (FSSAI) has said there is no scientific evidence to prove the virus spreads through consumption of non-vegetarian food, this has had no impact on people, executives at some of the top poultry firms said.

The union government on Saturday notified the YES Bank reconstruction scheme. In line with the scheme, the moratorium on the private lender will be lifted on March 18.

The government has also constituted a four-member board wherein Prashant Kumar, the current administrator of the bank, has been appointed as the managing director and the chief executive officer (MD&CEO) of the bank. Sunil Mehta, the former non-executive chairman of Punjab National Bank, has been appointed the non-executive chairman.

Another case of coronavirus was confirmed in Telangana on Saturday taking the total number of those infected to two, Chief Minister K Chandrasekhar Rao said here.

The patient with travel history to Italy has been admitted to the state-run Gandhi hospital in the city for quarantine purpose, Rao told the assembly.

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