Bharti Infratel will announce the next course of action regarding its merger with Indus Towers in the next couple of days, as the company is set to miss the October 24 deadline to complete the deal.

As per Bharti Infratel chairman Akhil Gupta, the company has received most of the government approvals except for the one pertaining to the foreign direct investment (FDI) and as a result of that, the merger cannot be completed by October 24.

Market regulator Sebi on Tuesday moved the Supreme Court challenging the Securities Appellate Tribunal’s order that quashed its two-year ban imposed on audit firm Price Waterhouse (PW) in the wake of the Satyam Computer fraud in 2009.

Sebi had in January last year barred Price Waterhouse (PW) and two auditors — S Gopalakrishnan and Srinivas Talluri — from auditing listed companies and had also directed the latter not to engage any audit firm forming part of the Price Waterhouse network.

Intelligence agencies have warned that Pakistan has joined hands with pro-Khalistani groups to create unrest in Jammu and Kashmir (J&K) and Punjab in order to revive and intensify terror activities in the region.

As per intelligence sources, Pakistan has formed Kashmir Khalistan Referendum Front (KKRF) which also involves its ISI.

The stock prices of Indian multinational Infosys fell by 16% on Tuesday, following an anonymous letter by whistleblowers accusing Chief Executive Officer (CEO) Salil Parekh and Chief Financial Officer (CFO) Nilanjan Roy of indulging in unethical practices to boost revenue and profits in recent quarters.

Facebook’s antitrust woes widened on Tuesday as dozens more states joined New York’s wide-ranging investigation into whether the company’s business practices have stifled competition or put users at risk.

A total of 45 states — plus Guam and the District of Columbia — are now partnering in the bipartisan investigation, New York Attorney General Letitia James, who’s leading the probe, said in a statement.

NASA has found no evidence of Chandrayaan-2's Vikram lander in the images captured during a latest flyby of its Moon orbiter of the lunar region where India's ambitious mission attempted a soft landing, the US space agency said.

On September 7, Indian Space Research Organisation (ISRO) attempted a soft landing of Vikram on the uncharted lunar south pole, before losing communication with the lander.

Mumbai: Kotak Mahindra Bank said on Tuesday its profit after tax totalled ₹1,724 crore during the second quarter of the current financial year, up 51 per cent from ₹1,142 crore in Q2 FY19.

Net interest income for Q2FY20 increased to ₹3,350 crore from ₹2,676 crore in Q2 FY19, up by 25 per cent. Net interest margin, a key indicator of a bank's profitability, rose to 4.61% from 4.19% last year.

Axis Bank on Tuesday reported a net loss of Rs 112.08 crore on a standalone basis for the second quarter ended September of the current fiscal due to a one-time tax impact.

The private sector bank had posted a net profit of Rs 789.61 crore in the corresponding July-September quarter of the previous fiscal.

Private telecom operators Reliance Jio, Vodafone Idea and Bharti Airtel have paid the Telecom Department over Rs 4,500 crore in spectrum dues in the last three to four days, according to sources.

Sources said that the payments came in before the due date.

NEW DELHI : India's largest bank, the State Bank of India (SBI), which has over 22,000 branches spread all over the country, is among the least likely to be affected by today's bank strike.

Thousands of bank employees, under the umbrella of All India Bank Employees' Association (AIBEA) and the Bank Employees Federation of India (BEFI), are sitting on a 24-hour strike today to protest against a host of issues including merger of PSU banks.

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