Chief Justice of India (CJI) Ranjan Gogoi is likely to meet Uttar Pradesh Chief Secretary, Director General of Police and other senior police officials today over preparedness ahead of probable Ayodhya verdict.

The verdict in the Ram Janmabhoomi-Babri Masjid land dispute case is expected to come by November 17, before the retirement of Ranjan Gogoi as CJI.

Real estate major DLF reported a 19.8 per cent year-on-year drop in consolidated operating revenue for the July-September quarter, to Rs 1,716 crore. Expenses towards cost of land, plots, constructed properties and developmental rights dropped 28 per cent, to Rs 885 crore.

During the quarter, it utilised Rs 1,036 crore (of the Rs 2,250 crore it had got against exercise of warrants in June) towards repayment of bank loans. And, another Rs 149.5 crore for working capital requirement, including loans to subsidiaries.

PNB Housing Finance on Thursday said that LIC has invested Rs 2,500 crore in the company by subscribing to its secured redeemable non-convertible debentures (NCDs).

This issuance is through private placement basis with a door-to-door tenure of 10 years, and the proceeds will be utilised by the company for its normal course of business operations, the company said.

Shares of Jindal Steel & Power (JSPL) hit an over four-month high of Rs 150, up 11 per cent on the BSE on Thursday on expectation of raw material benefits led by lower coking coal costs to offset the decline in steel prices in the near term.

The stock of the steel company was trading at its highest level since June 27, 2019. It has rallied 60 per cent in the past one month.

Top Indian airline IndiGo said on Thursday it signed a one-way codeshare agreement with Qatar Airways, letting the Middle Eastern airline get more access to the fast-growing Indian market.

The agreement will enable Qatar Airways to place its code on IndiGo flights between Doha and Delhi, Mumbai and Hyderabad, the companies said.

On Wednesday, a Panchkula Court granted bail to Honeypreet Insan, jailed Dera Chief Ram Rahim’s close aide and adopted daughter, who was accused of inciting violence in Panchkula in 2017. Earlier this month, the court had dropped the sedition charges against her and 35 other Dera members. Hoenypreet had then moved her bail plea on Wednesday morning and was granted bail.

Shares of MSTC zoomed 20 per cent to Rs 148 on the BSE on Thursday after the construction & engineering giant Larsen & Toubro (L&T) appointed the company as its selling agent.

The stock of the state-owned e-commerce firm was trading at its highest level since listing on March 29, 2019. In the past nine trading days, it soared 56 per cent, as compared to a four per cent rise in the S&P BSE Sensex. The stock has more than doubled from its recent low price of Rs 70, touched on August 14 in the intra-day deal.

Shares of Bajaj Electricals hit an over two-year low of Rs 338, down 4 per cent on the BSE on Thursday, after the company reported weak set of numbers for the quarter ended September 2019 (Q2FY20). The stock of house appliances company has slipped 12 per cent in the past two trading sessions, and was trading at its lowest level since August 30, 2017.

In the recently concluded quarter, Bajaj Electricals reported a net loss of Rs 32.55 crore against a net profit of Rs 29.83 crore logged in the year ago quarter.

Mukesh Ambani-promoted Reliance Industries (RIL) on Wednesday postponed bidding for gas it plans to produce from its R-cluster field in the Krishna-Godavari (KG) basin, said sources. This is the second time RIL has changed the bidding date; the new date is now November 15.

Sources in the company said bidders want more time to adapt to the new bidding system. Some added RIL may be facing lack of interest from potential bidders.

AirAsia India has appointed Vikas Agarwal, a Titan executive, as Chief Financial Officer (CFO). The appointment became essential as current CFO Deepak Mahendra decided against further extension.

Mahendra, who was appointed in February 2017 for a two-year period, had extended his term by five months.

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