Promoters of Vodafone Idea contributed Rs 17,920 crore to its Rs 25,000 crore rights issue compared to their commitment of Rs 18,250 crore following over-subscription of the scheme, the company said Sunday.

With this contribution, the promoters’ stake in the country’s largest telecom operator increased marginally to 71.57 per cent from 71.33 per cent.

With an aim to enable the further recapitalisation of public sector banks (PSBs), the Finance Ministry may seek a relaxation for PSBs in the market regulator Sebi’s norms for entities requiring promoters to have 75 per cent holdings in them, according to a senior official source

The Securities and Exchange Board of India (Sebi) listing norms mandate that every listed entity will maintain a minimum public shareholding of 25 per cent.

New Delhi: State-owned Bank of Baroda (BoB) on Saturday said it has hiked its marginal cost of funds based lending rate (MCLR) by 0.05 per cent with effect from May 7.

BoB has hiked the lending rates for overnight tenor to 8.30 per cent from the previous 8.25 per cent.

Mumbai: The benchmark BSE Sensex cracked over 400 points on Monday tracking carnage in Asian equities after US President Donald Trump threatened to hike tariffs on Chinese goods this week.

In a Tweet on Sunday, Trump turned up the heat by saying he would raise import taxes on USD 200 billion in Chinese products to 25 per cent from 10 per cent on Friday.

MUMBAI: Bajaj Auto Ltd has made a heroic comeback in the domestic motorcycle market. The company has steadily increased its market share to 20% in the fourth quarter of FY19, after sliding to a low of 14% seven quarters ago. In doing so, it has given incumbents such as Hero Motocorp Ltd and Honda Motorcycle and Scooters India Pvt. Ltd a run for their money.

The rupee depreciated by 24 paise to 69.46 against the US dollar in early trade Monday on increased demand for the US currency from importers and weak opening in domestic equities.

Forex traders said, the US President Donald Trump on Sunday threatened to raise tariffs on $200 billion worth of Chinese goods and this in turn impacted investor sentiment in the currency market.

Congress has written to Election Commission of India (ECI) demanding action against Prime Minister Narendra Modi for violating Model Code of Conduct (MCC) over his "Bhrashtachari number 1" statement on former Prime Minister Rajiv Gandhi.

On Saturday, Modi while addressing an election rally in Uttar Pradesh had said, the life of Congress president Rahul Gandhi's father Rajiv Gandhi ended as 'Bhrashtachari number 1.'

The Railway ministry will write to HRD Ministry urging it to re-conduct the NEET exam for students who missed it after they reached to the examination centre late due to delay in the arrival of train in which they were travelling in Karnataka.

US President Donald Trump declared on Sunday that Special Counsel Robert Mueller "should not testify" before Congress on his investigation into Russia's interference in the 2016 elections.

The House Judiciary Committee has asked Mueller to testify on May 15 about his 22-month-long investigation, which found that Trump attempted to thwart the probe but was silent on whether he should be charged with obstruction of justice.

Hyundai Motor India on Friday said it has received 2,000 bookings of its upcoming compact SUV Venue on the first day of initiating the process.

The company had opened the pre-launch bookings for the model on May 2. “The Day-1 response is a record booking for an SUV, with an average of 84 Venue cars every hour,” Hyundai Motor India Ltd (HMIL) National Sales Head Vikas Jain said in a statement.

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