CARE Ratings on Tuesday downgraded non-convertible debentures of Morgan Credits (MCPL) to ‘BBB-’ from ‘A-’. MCPL is one of the promoter entities of Yes Bank holding a 3.03% stake in the lender as on March 31, 2019. Data from Value Research show that debt mutual funds of Reliance Mutual Fund hold Rs 913.47 crore in debt papers issued by MPCL.

Expect another round of fight between incumbent operators Bharti Airtel and Vodafone Idea and Reliance Jio over termination charges.

The Telecom Regulatory Authority of India (Trai) on Wednesday came out with a consultation paper to review the termination charges with the aim of making it zero (Bill and keep in technical parlance) from January 2020 as per a road map laid by it two years go.

In yet another diplomatic win for India, the European Union Parliament supported New Delhi's stance on Kashmir and called Pakistan an "ambiguous" nation.

Calling India "the greatest democracy of the world," the EU pointed out that one needs to look at the number of terrorist acts that the country has faced over the years.

On the second day after the implementation of the new Motor vehicle Act (2019), Ahmedabad traffic police department issued 4595 challans to the offender and a total of Rs 28.08 lakh fine was collected by the cops for violating the rules.

According to police officials, the 4595 challans issued by cops, include both spot and e-challans. Out of the 4595 challans, 2040 were spot challan and a total of Rs8.45lakh fine recovered from the violators.

Microsoft Corp said on Wednesday its board had approved a new share repurchase programme of up to $40 billion and raised its quarterly dividend.

The company's shares rose 1.3 per cent to $140.35 in after-market trading.

Public sector miners Coal India and Singareni Collieries will dominate domestic coal production in the next 4-5 years, with commercial players likely to hold around 5-7 per cent share.

The government last month permitted 100 per cent FDI in coal mining.

The Indian Railway Catering and Tourism Corporation (IRCTC) is starting a special "Bharat Darshan" tourist package from September 27. It will cover all the places related to Mahatma Gandhi, said IRCTC in a press release. The "Bharat Darshan" tourist package includes a trip to the world's tallest statue — Statue of Unity of Sardar Vallabhbhai Patel in Gujarat's Vadodara.

Market benchmark BSE Sensex rose 83 points on Wednesday, led by gains in energy, metal and power stocks as global crude oil prices eased and rupee recovered against the dollar.

After a rangebound session, the 30-share index ended 82.79 points, or 0.23 per cent, higher at 36,563.88. The index hit an intra-day high of 36,712.99 and a low of 36,465.92.

The NCLAT on Wednesday directed resolution professional of Reliance Communications to raise demand for Rs 577 crore paid to Swiss telecom gear maker Ericsson before the NCLT-Mumbai.

Anil Ambani-led Rcom is presently going through Corporate Insolvency Resolution Process.

Suzuki Motor Corp has asked Maruti Suzuki India to cut down discretionary expenses and plug in resource wastage at its plants in Gurgaon and Manesar to keep costs in control. The advisory from Suzuki, which is the 56% owner of Maruti, comes at a time when vehicle sales have plummeted to a two-decade low and Maruti has had to let go of some 3,000 of its contractual workers as it has pruned its production.

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