NEW DELHI : Retirement fund manager Employees Provident Fund Organization (EPFO) will cover 400,000 organized sector employees in Jammu and Kashmir and Ladakh, effective 31 October, making them eligible for a series of social security benefits ranging from family and disability pension to higher life insurance, among others. It shall also reduce the employee cost for companies to some extent.

Strategic sale buzz fuelled a sharp 27.5% rise on Friday in the share price of Bharat Heavy Electricals (BHEL) during the intra-day trade on BSE. The stock rose to Rs 56.80 on Friday, before closing at Rs 54.45, 22.2% higher than the previous day’s close. It had hit a 52-week low of Rs 41.35 on Wednesday, as the company battled through tough times stemming from execution delays and low order inflows.

The Agri Business Division of ITC Ltd has joined hands with the Andhra Pradesh government for improving farm value chain for chillies under public-private partnership mode covering Krishna, Guntur, Prakasam and Kurnool districts of the southern state. The collaboration will focus on developing an integrated agri extension platform for chilli value chain development, covering 10,000 acre in the first phase and another 100,000 acre in the near future.

The International Monetary Fund (IMF) on Friday supported India's decision to cut corporate income tax, saying that it has a positive impact on investment.

It, however, advised India to address the continued fiscal consolidation and secure long-term stability of the fiscal conditions.

The Securities and Exchange Board of India (Sebi) on Friday tightened the rules around resignations of auditors from listed companies.

The market regulator has said that an auditor will have to provide review — limited or complete audit report — for the quarter during which it resigns. For instance, if the auditor decides to resign in August 2019, it will have to issue the review for the quarter ended September 30, 2019.

The retail arm of Reliance Industries (RIL) posted a pre-tax profit of Rs 2,322 crore for the quarter ended September 30, (Q2) year-on-year (YoY) growth of nearly 67 per cent as it reaped benefits of scale during the quarter.

This is the second straight quarter that Reliance Retail’s earnings before interest, tax, depreciation, and amortisation (Ebitda) has crossed Rs 2,000 crore.

Capital markets regulator Sebi has reconstituted its Primary Market Advisory Committee (PMAC) that advises it on policy framework, development of initial public offerings and other such segments.

The panel, which is chaired by TV Mohandas Pai, chairman of the Manipal Global Education Services, has now 26 members. Earlier, the panel has 23 members, according to the Securities and Exchange Board of India (Sebi).

Air India Assets Holding Ltd (AIAHL) has raised another Rs 7,985 crore through the issue of bonds, and the proceeds will be utilised to repay Air India’s debt. This the third fund-raising in little over a month by the entity.

A special purpose vehicle of Air India, AIAHL has mopped up a total of Rs 21,985 crore by way of bond issues since September 16.

NEW DELHI : As two bank unions threaten to sit on a day-long bank strike against the merger of public sector banks, the State Bank of India (SBI) expects the impact to be minimal while the Bank of Baroda has warned customers that its operations could be paralysed.

IRCTC shares, which made a bumper debut on Monday, hit a new high today. Shares of the Railway company surged as much as 9% to a new high of ₹789.9. In latest trade, IRCTC shares were up 6% to ₹767 as compared to a 0.45% gain in Sensex. On Monday, IRCTC's share prices more than doubled as compared to its issue price of ₹320, the best debut since 2017.

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