Sebi has proposed a new set of framework for REITs and InvITs in order to provide flexibility to the issuers in terms of fund raising and increasing the access of these investment vehicles to investors. Under the proposal, minimum allotment and trading lot for publicly issued REITs (Real Estate Investment Trusts) and InvITs (Infrastructure Investment Trusts) will be reduced.

Indian automaker Bajaj Auto Ltd posted a higher profit on Wednesday, exceeding analysts' expectations, as the company sold more motorcycle units during the quarter.

Profit rose to Rs 1,102 crore ($154.72 million) for the three months ended Dec. 31, compared with Rs 952 crore a year earlier.

Telecom regulator Trai has asked DTH operators to allow customers to continue their pre-paid long-terms packs after the February 1 industry deadline to switch over to a new broadcasting regime.

Telecom Regulatory Authority of India (Trai) Chairman R S Sharma told PTI that there is no change in February 1 deadline for migration to the new tariff regime for broadcasting and cable services.

Taking a contrary stance from peers, the economists at SBI Research see the government meeting the fiscal targets this year and the same is likely to pegged at Rs 6.72 trillion or 3.2 per cent of GDP next fiscal year, assuming a moderate nominal GDP growth of 11.7 per cent, says a report.

NEW DELHI: Paytm has launched hotel bookings on its platform and acquired NightStay, which offers deals on last-minute bookings at luxury hotels, as the Alibaba-backed payments and ecommerce company expands its travel business.

Paytm said it plans to invest Rs 500 crore in scaling up its travel operations and has partnered with more than 5,000 hotels across the budget, luxury and business segments.

Amazon and Walmart-owned Flipkart have told mobile phones, electronics and other companies, which sell their wares exclusively on these platforms, that they will be able to operate like they do now — albeit with some tweaks and rephrasing of agreements — once the revised ecommerce FDI norms come into effect.

Adversely impacted by the national carrier Air India’s recent switch to single ticketing platform, travel agent industry bodies have written to Central Vigilance Commission (CVC) to reverse the retrograde move and bring respite to lakhs of small travel operators hit hard by airline’s decision.

Maharashtra: Social activist Anna Hazare on Wednesday announced the beginning of his fast to demand the setting up of a Lokpal at the Centre and Lokayuktas in states as the Narendra Modi government "had failed" to set up the anti-corruption bodies.

"Through Lokpal, even the Prime Minister can be investigated if people will give any evidence against him... Similarly, in Lokayukta a Chief Minister and all ministers and MLAs under him can be investigated if somebody gives any evidence against them.

Singapore: Indian Oil Corp (IOC) is seeking a commissioning cargo for its new Ennore liquefied natural gas (LNG) terminal in south India, two industry sources said on Wednesday.

The state-owned company is seeking a partial cargo for delivery on Feb 25, with offers due by Feb 11, one of the sources said.

Mumbai: The rupee depreciated by 25 paise to 71.36 against the US dollar in early trade on Wednesday amid strengthening of the American currency and rising crude prices.

Forex traders said strengthening of the US dollar against some currencies overseas and sustained foreign fund outflows weighed on the local unit. However, fresh foreign fund inflows and positive opening in domestic equities capped the losses for the domestic unit.

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