London: Fugitve diamantaire Nirav Modi is set to appear via videolink from prison for a routine remand hearing before Westminster Magistrates’ Court in London on Thursday.

The 48-year-old, who has been lodged at Wandsworth prison in south-west London since his arrest in March in connection with the nearly USD 2 billion Punjab National Bank (PNB) fraud and money laundering case,

Mumbai: The Securities and Exchange Board of India (Sebi) will on Thursday roll out a cap on royalty payments at 2% of net sales. Any other additional payment of royalties will require shareholder approval. Starting July, listed entities will need to follow this particular recommendation of the Kotak Committee.

The government Wednesday clarified there is no proposal to close state-run BSNL and MTNL, which are facing financial stress due to stiff competition and high employee costs, and added that a comprehensive plan for their revival is under preparation.

National Highways Authority of India (NHAI) may get a favourable response for its third Toll-Operate-Transfer (TOT) bundle put out for auction.

Also, with a target of 4,500 km during the fiscal, the awarding of contracts will pick pace now, according to experts.

The world's largest beverage company, Coca-Cola, has begun preliminary talks for a substantial stake buy in Cafe Coffee Day 10 months after it acquired UK-based Costa Coffee for $5.1 billion. The discussion with the Bengaluru-based company, promoted by VG Siddhartha, who exited information technology firm Mindtree earlier this year, is being led by the Atlanta office of the beverage major, persons in the know said.

The Centre’s latest plan to form a national electricity distribution company is likely to be a distribution sector operator (DSO), with overarching responsibilities of sectoral reforms and technical expertise. Officials said the company would be involved in the consultancy business and not exactly intervene in the business of state-owned power distribution companies (discoms).

Bitcoin jumped to an 18-month high on Wednesday, as investors looked for safety in alternative investments amid geopolitical tension, and cheered prospects that Facebook Inc's Libra token could push cryptocurrencies into the mainstream.

The world's biggest cryptocurrency has surged in value since April and on Wednesday hit a peak of $13,666.02 on the Bitstamp exchange, the highest level since January 2018.

The Reserve Bank of India (RBI) has said all data related to payment transactions must be stored in the country and that such information, if processed abroad, will have to be brought back within 24 hours.

“The entire payment data shall be stored in systems located only in India,” the RBI said in its frequently asked question (FAQ) section on Wednesday, responding to certain issues raised by payment system operators.

Microsoft is working with PC manufacturers to introduce Windows 10-powered systems to empower SMEs to address their key business needs, a top company official said Wednesday. The idea is to help SMEs increase business productivity and ensure that employees use latest technologies, Microsoft India group director for devices Farhana Haque said at an event here. She asked small and medium-sized enterprises (SMEs) to update their personal computers (PCs) – older than four years – to reduce maintenance cost and increase productivity.

Road developers are either giving the creation of a maintenance reserve for roads in India a total miss, or setting aside inadequate funds for it, according to an ICRA Ratings survey. In simpler terms, the survey suggests that a large number of build operate transfer (BOT) highways in India may not have a ready funds for their maintenance, when needed.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.