Shares of Bharti Airtel were trading higher for the fourth straight day, up 5 per cent at Rs 356 on the BSE in an otherwise subdued market on Tuesday. The stock of telecom services provider has outpaced the market by gaining 10 per cent in four trading days, as compared to a 2 per cent rise in the benchmark S&P BSE Sensex.

On February 28, Bharti Airtel’s board had approved a Rs 32,000 crore fundraising plan, which includes a rights issue of Rs 25,000 crore and perpetual bonds with equity credit of Rs 7,000 crore (foreign denominated).

The Supreme Court (SC) on Monday provided a huge relief to thermal power projects worth Rs 2 trillion that were facing the threat of insolvency. The apex court held a 12 February 2018 circular of the Reserve Bank of India (RBI), which ordered banks to classify companies as 'stressed' if they default on loans even for a day, to be 'ultra vires'. The SC said that the circular that applied to numerous defaulting assets in power, sugar, shipping and companies in other sectors to be beyond the RBI's legal powers.

A detailed copy of the judgement is awaited.

Big ‘Make in India’ achievement by Indian Railways! All the three coach factories of Indian Railways namely, Integral Coach Factory (ICF), Modern Coach Factory (MCF) and Rail Coach Factory (RCF) have ended the financial year 2018-2019 on a high note. Making a new record, Piyush Goyal led-Indian Railways manufactured a total of 6037 coaches this financial year against the production of 4,470 coaches (previous record) last year. The growth in coach production this year is 35 per cent more than the last financial year.

Social media giant Facebook Monday said it has removed 687 pages and accounts linked to individuals associated with an IT Cell of the Congress party as it cracks down on fake accounts and spam.

These accounts, it said, were part of a coordinated networks and were removed not based on content or fake news but for "inauthentic behaviour" and for pushing spam.Besides, Facebook has also removed 103 pages, groups and accounts on its platform and Instagram for engaging in similar behaviour as part of a network that originated in Pakistan.

Shares of public sector banks (PSB) continued to trade higher with the Nifty PSU Bank index up nearly 3 per cent on hopes of margin expansion.

Andhra Bank, United Bank of India, Corporation Bank, Indian Overseas Bank, Uco Bank, Bank of Maharashtra and Syndicate Bank were up more than 5 per cent each while Punjab National Bank (PNB), Bank of Baroda (BOB), Union Bank of India, Bank of India and Indian Bank were up in the range of 2 to 3 per cent on the National Stock Exchange (NSE).

The Essar Steel acquisition battle has shifted to the Supreme Court with the State Bank of India moving the highest court against the NCLAT (National Company Law Appellate Tribunal) suggestion to give more cash to operational creditors. In the voting conducted by Essar Steel’s lenders, almost 70 per cent of lenders agreed to give Rs 1,000 crore more to operational creditors as per a NCLT (National Company Law Tribunal) and NCLAT suggestion.

The SBI action came just days before the NCLAT was to hear the outcome of the CoC meeting on April 9.

GST collections scaled record high of Rs 1.06 trillion in March, up from Rs 97,247 crore in the previous month, as compliance improved amid increased number of returns filed.

Total gross GST revenue collected in March, 2019 is Rs 1,06,577 crore of which Central GST is Rs 20,353 crore, State GST is Rs 27,520 crore, Integrated GST is Rs 50,418 crore and cess is Rs 8,286 crore, an official statement said.

A sharp rally in three private sector banks – HDFC Bank, ICICI Bank and Axis Bank – that have gained over 10 per cent each from their August 29, 2018 level helped the benchmark index S&P BSE Sensex breeze past the 39,000 mark and hit a new high on Monday. The benchmark index surpassed its previous high of 38,990 recorded on August 29, 2018 in intra-day deals.

The Nifty50, too, breached the 11,700 level for the first time since September 2018 to hit an intra-day high of 11,716.

Bank of Baroda (BoB) Monday became the second largest state-owned lender after merging Dena Bank and Vijaya Bank into itself as part of the first three-way amalgamation.

The consolidated entity started its operation with a business mix of over Rs 15 lakh crore of balance sheet, with deposits and advances of Rs 8.75 lakh crore and Rs 6.25 lakh crore, respectively.

The country's largest car maker Maruti Suzuki India on Monday reported 1.6 per cent decline in sales at 1,58,076 units in March.

The company had sold 1,60,598 units in March last year, Maruti Suzuki India (MSI) said in a statement.

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