Shares of Zee Entertainment Enterprises (ZEE) slipped 6 per cent to Rs 403 on the BSE in intra-day trade on the back of heavy volumes after its promoter sold Rs 332 crore worth of the firm’s shares in recent months, according to exchange disclosures.

Cyquator Media Services, the promoter entity of ZEE had sold shares worth Rs 227 crore between February 13 and March 29. Post the share sale, Cyquator’s shareholding has reduced to 22.8 per cent from 23.36 per cent.

Reliance Jio has transferred control of its fibre and mobile tower units to two infrastructure investment trusts set up by Reliance Industrial Investments and Holdings Ltd (RIIHL).

The optical fibre cable infrastructure unit, Jio Digital Fibre Private Ltd (JDFPL) has allocated shares worth Rs 500 crore to Reliance Jio Infocomm Ltd (RJIL) on March 31, 2019, according to a regulatory filing.

Shares of Tata Motors moved higher by 8 per cent to Rs 203 on Tuesday, gaining 17 per cent in the past two trading days on the BSE, after the company’s wholly-owned subsidiary Jaguar Land Rover (JLR) said it expects improved financial results for the quarter ended March 2019 (Q4FY19).

The stock of Tata group Company was quoting at its highest level since October 9, 2018. The trading volumes on the counter jumped an over four-fold today. A combined 88.75 million shares representing 3.5 per cent of total equity of Tata Motors changed hands on NSE and BSE till 03:00 pm.

Infosys shares were trading higher for the fifth straight day, up 1.3 per cent, at Rs 765 on Tuesday in intra-day trade, gaining 5 per cent in one week on the BSE. In comparison, the benchmark S&P BSE Sensex was up 2 per cent during the week.

The stock was trading close to its all-time high of Rs 771 touched on February 2, 2019 on the BSE. It has recovered 8 per cent from its recent low of Rs 710 on March 18, against 2.5 per cent rise in the benchmark index.

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.

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