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RIL receives Sebi comments for DEN, Hathway open offers

RIL receives Sebi comments for DEN, Hathway open offers

New Delhi: Reliance Industries Wednesday said it has received final comments from market regulator Sebi for its proposed open offers to shareholders of Den Networks Limited and Hathway Cable and Datacom Limited.

The company will make the open offers in accordance with the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011, RIL said in a BSE filing.

Rupee surges 30 paise against US dollar

Rupee surges 30 paise against US dollar

The rupee appreciated by 30 paise to ₹69.98 against the US dollar in opening trade Thursday, driven by foreign inflows and positive opening in domestic equities.

The rupee opened strong at 70.08 at the interbank forex market and then gained further ground and touched ₹69.98, a gain of 30 paise over its last close.

North Korea airs documentary glorifying Kim’s summit with Trump

North Korea airs documentary glorifying Kim’s summit with Trump

North Korea’s state TV has aired a documentary glorifying leader Kim Jong-un’s recent visit to Vietnam that omitted the failed nuclear negotiations with U.S. President Donald Trump.

The documentary broadcast on March 6 shows a smiling Mr. Kim talking with Mr. Trump while walking together inside a Hanoi hotel last week.

Sensex, Nifty extend rally to fourth day

Sensex, Nifty extend rally to fourth day

Indian bourses continued their rising spree to the fourth session on Thursday, with both benchmarks Sensex and Nifty opening higher amid strengthening of country’s macroeconomic outlook following rising rupee and falling crude prices.

The 30-share BSE Sensex was trading higher by 63.75 points, or 0.17%, at 36,699.85.

Amazon is closing 87 US pop-up electronics stores next month

Amazon is closing 87 US pop-up electronics stores next month

Amazon.com Inc. is ending its experiment with electronics-focused pop-up stores, shuttering 87 kiosks located inside shopping malls, Whole Foods Market locations and Kohl’s stores around the U.S.

“After much review, we came to the decision to discontinue our pop-up kiosk program,” an Amazon spokeswoman said.

Facebook’s Mark Zuckerberg: Private encrypted communication is the future

Facebook’s Mark Zuckerberg: Private encrypted communication is the future

Facebook Inc. Chief Executive Officer Mark Zuckerberg said the future of his company’s product development will be focused on private, ephemeral and encrypted communication, a striking change for the social network that built its business on open sharing.

More people want to interact privately or in more intimate groups online, instead of in “the digital equivalent of a town square” provided by Facebook and Instagram, Zuckerberg said Wednesday in a blog post. To serve that demand, the world’s largest social-networking company will rebuild many of its features, he wrote,

Walmart says it was prepared to face regulatory changes when acquired Flipkart

Walmart says it was prepared to face regulatory changes when acquired Flipkart

Walmart, which acquired 77% stake in Flipkart for $16 billion last year, was prepared to face regulatory changes and still believes that the country remains an important growth market for it.

Brett Biggs, chief financial officer and executive vice-president, Walmart, said in a conference call on March 5 that the company knew there would be “legislation changes” and it will have to make its way through it.

Anil Ambani’s Reliance Capital says RNAM, general insurance stake sale will reduce debt by Rs 12,000 crore

Anil Ambani’s Reliance Capital says RNAM, general insurance stake sale will reduce debt by Rs 12,000 crore

Reliance Capital Thursday claimed that it is hopeful of pairing its debt by around Rs 12,000 crore over the next three to four months, by when it expects to complete the stake sale in Reliance Nippon Life Asset Management andReliance General Insurance. The company has also lined up a few more non-core assets to monetise. The Anil Ambani group-run company is sitting on a debt of over Rs 18,000 crore.

SpiceJet embraces Amadeus after Air India moves away

SpiceJet embraces Amadeus after Air India moves away

Ajay Singh-promoted budget airline SpiceJet, which is making efforts to improve its distribution in the international market, has appointed travel technology solutions provider Amadeus as its first global distribution partner.

The entire ticketing inventory will continue to be available to domestic travellers through existing channels as well as with Amadeus with a different pricing, the airline said in a statement.

RBI fines 19 banks including SBI, ICICI for non-compliance of SWIFT guidelines

RBI fines 19 banks including SBI, ICICI for non-compliance of SWIFT guidelines

The Reserve Bank of India has fined 19 banks, including India’s largest bank State Bank of India and ICICI Bank, for a total of about Rs 40 crores in relation to non-compliance of its guidelines on global payments network SWIFT .

PSU bank SBI informed exchanges Saturday about the penalty of Rs 1 crore for delayed implementation of the daily reconciliation of Swift transaction logs with effect from Feb 20, 2018 at 226 branches.

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