DLF shares tumbled 20 per cent to Rs 137.75 apiece, also its fresh 52-week low, in early morning trade on the BSE on Thursday after the Supreme Court (SC) issued the company a notice based on a plea that alleged the company of hiding information on pending cases regarding Haryana land-bank from its shareholders.

According to a report in Business Line, the petition highlighted how DLF had suppressed key information regarding judicial proceedings against the company's largest chunk of land-bank in Haryana.

Senior Congress leader and former finance minister P Chidambaram was arrested in connection with the INX Media case from his Jor Bagh residence in New Delhi on Wednesday night and taken to the Central Bureau of Investigation (CBI) headquarters. According to reports, CBI will produce Chidambaram before a special court on Thursday and could push for his custodial interrogation.

Months after the global beverage company Coca-Cola showed interest in buying stake in Cafe Coffee Day, Indian tobacco major ITC Ltd may also fight for a stake in CCD’s parent company Coffee Day Enterprises Ltd. ITC, Asia’s most valuable cigarette maker, is looking to diversify from the company’s main selling product — tobacco — and has been given access to review Coffee Day’s assets and financials so that it can contemplate on picking stake, Bloomberg reported citing unidentified sources. If ITC goes ahead with the deal, it will be able to reduce its dependence on the cigarette business.

State Bank of India, the country’s largest lender, is planning to establish nearly 10 lakh YONO Cash Points in the country over 18 months, said its Chairman Rajnish Kumar on Wednesday.

The platform is secure and will eliminate the requirement of using debit cards, Kumar said.

The resolution plan of Dewan Housing Finance Corporation is expected to remain stuck till mutual funds sign the inter-creditor agreement (ICA), as the Securities and Exchange Board of India (Sebi) is yet to green-light the same. Since July, banks, the Association Of Mutual Funds in India (AMFI) and the Indian Banks Association have separately written to the markets regulator seeking its inputs on whether mutual funds can sign the inter-creditor agreement. At this juncture, the matter is being pursued by RBI with the markets regulator.

To arrest the fall in demand for diesel cars, Maruti Suzuki has announced it will offer free warranty for five years or 1 lakh km to customers across the country on models such as Dzire, Swift, Vitara Brezza and S-Cross. The development comes after sales of Maruti’s diesel engine fell after the announcement made by the company to stop manufacturing these vehicles from April 1, 2020, when the BS-VI emission norms will come into effect.

State Bank of India (SBI) is currently in talks with at least 4-5 non-banking financial companies on co-origination of loans, managing director Arijit Basu said on Tuesday. This co-origination could be for home loans or loans to small and medium enterprises, he added.

The central bank had released guidelines on co-origination of loans by banks and NBFCs to the priority sector last year with a view to leveraging on the reach of NBFCs to help banks meet their priority sector lending targets. Co-lending also helps leverage on banks’ access to low cost funds.

At its annual analyst meet, the NTPC top management exuded confidence about: Reversal of the CWIP ratio to 20% over the next three years (from 42% currently) led by higher capacity commercialisation; Rs 80,000 crore regulated equity by FY22E, implying a 15% CAGR; aggressive stance in adding renewable energy (RE) capacity under various modes (PPA, merchant, flexi generation, etc), which would earn at least regulated returns, if not higher; and ramping up captive coal mines and that higher ACQ would preclude fuel-based under-recovery.

The National Restaurant Association of India (NRAI), in its meetings over the last two days with all the restaurant and food service aggregators (FSAs), has learnt that FSAs resorted to unfair business practices in order to compete with each other's offerings in the market.

Hyundai, India's second-largest car manufacturer, has launched its all-new hatchback Grand i10 NIOS priced between Rs 4.99 lakh and Rs 7.99 lakh.

NIOS is the third generation of i10 series to be launched in India. The car is available in two engine options, 1.2l petrol engine, which is BS VI-compliant and 1.2l diesel engine. The engine is the company's first BS-VI petrol engine in India.

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