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US antitrust officials probe Amazon over anti-competitive practices

US antitrust officials probe Amazon over anti-competitive practices

A team of Federal Trade Commission (FTC) investigators has begun interviewing small businesses that sell products on Amazon.com to determine whether the e-commerce giant is using its market power to hurt competition.

Several attorneys and at least one economist have been conducting interviews that typically last about 90 minutes and cover a range of topics, according to three merchants.

Yes Bank pledged shares: Reliance Nippon Life yet to give consent for sale

Yes Bank pledged shares: Reliance Nippon Life yet to give consent for sale

Reliance Nippon Life Asset Management (RNAM) has clarified that it has not given consent for any transaction relating to Yes Bank’s pledged shares. Several media reports suggested that Rana Kapoor of Yes Bank was looking to exit by selling his and his family’s stake to Vijay Shekhar Sharma of Paytm. Rana Kapoor and his family have around 9.65% stake in the bank, and according to the reports, they have pledged 7.34% with RNAM.

Intelligence agencies intercept, crack codes used by Pak Army and terror groups

Intelligence agencies intercept, crack codes used by Pak Army and terror groups

Indian intelligence agencies have intercepted and cracked the code words used by the Pakistan Army and different terrorist groups to communicate in order to escape the dragnet of defence and security forces in Jammu and Kashmir. The call signs used for communication are -- JeM (66/88), LeT (A3) and Al Badr (D9). From August 12 onwards terrorists have been using these Quami Taranas very actively.

ONGC plans to invest Rs 13,000 crore in Assam

ONGC plans to invest Rs 13,000 crore in Assam

Oil and Natural Gas Corporation (ONGC) will invest over Rs 13,000 crore for exploration work across Assam in the next five years.

The company said it has signed an agreement with the Assam government for this.

Apollo Hospitals promoter group will issue 50 lakh shares to reduce stake

Apollo Hospitals promoter group will issue 50 lakh shares to reduce stake

The promoter group family of Apollo Hospitals Enterprise Ltd (AHEL) will be issuing five million shares through secondary placement to raise around $101 million (Rs 720 crore).

The aim is to reduce the promoters' pledged shares in the company. The deal, for which Citi Group is acting as placement agent and building the book (the term for getting enough investors to buy into a new share issue), is expected to happen in a day or two.

Govt allocates Badam coal block to NTPC

Govt allocates Badam coal block to NTPC

State-run power giant NTPC has been allocated Badam coal block in Jharkhand by Ministry of Coal following the acquisition of Barauni thermal plant, an official said.

"The Ministry of Coal has transferred the Badam coal block, located in Jharkhand, to the NTPC Ltd, on September 2, 2019," a senior company official said. The Badam coal block was earlier allocated to Bihar State Power Generation Company Ltd (BSPGCL).

Sebi imposes Rs 6 lakh fine on SRU Securities for manipulative share trading

Sebi imposes Rs 6 lakh fine on SRU Securities for manipulative share trading

Markets regulator Sebi has levied a fine of Rs 6 lakh on sub-broker SRU Securities for indulging in manipulative trading in the shares of Cerebra Integrated Technologies.

The order follows an investigation conducted by the Securities and Exchange Board of India (Sebi) between December 2014 and January 2016.

IRCTC's new Tejas Express trains to offer exclusive benefits for passengers

IRCTC's new Tejas Express trains to offer exclusive benefits for passengers

Passengers travelling by the Indian Railway Catering and Tourism Corporation (IRCTC) operated Delhi-Lucknow and Mumbai-Ahmedabad Tejas Express trains can now enjoy facilities including hotel bookings, taxi services and baggage pick-and-drop among others. Apart from this, IRCTC would also provide wheelchair facility to the sick and needy people, Railway Board Chairman V K Yadav said. "The IRCTC has come up with so many things.

7th Pay Commission: DA hike announced for state govt employees in following states

7th Pay Commission: DA hike announced for state govt employees in following states

While central government employees wait for the announcement of DA hike as per the seventh pay commission recommendations for the second-half of the fiscal year, the state government employees of Himachal Pradesh will get increased DA of 4% from October 2019.

Premji, promoter group entities sold 230 mn shares during Wipro buyback

Premji, promoter group entities sold 230 mn shares during Wipro buyback

Azim Premji and other promoter group entities sold about 22.46 crore shares worth over Rs 7,300 crore during the Wipro buyback offer that closed last month.

In a regulatory filing on Wednesday, Wipro said it had bought back 32.3 crore equity shares under the buyback scheme at Rs 325 apiece, and the total amount utilised was about Rs 10,499.99 crore.

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