Makkal Needhi Maiam chief (MNM) Kamal Haasan on Saturday announced that he will contest the Lok Sabha elections in 2019.

Addressing a press conference here after the party's executive meeting to discuss parliamentary elections, the actor said the MNM is willing to form a single-minded alliance in the parliamentary elections.

Benchmark equity indices witnessed heavy selloff Friday after investors booked profits in realty, banking, IT and auto bluechips amid weak signals from global markets.

The BSE Sensex plunged 689.60 points, or 1.89 per cent, to 35,742.07, while the NSE Nifty slipped 197.70 points, or 1.81 per cent, to 10,754.

In a move to protect cable TV consumers’ interest, the Telecom Regulatory Authority of India (TRAI) has capped Rs 500 as installation and activation charges for cable and DTH services.

The amount of Rs 350 will be charged as an installation charge while Rs 150 as an activation charge under the new tariff regime beginning from December 29.

Yes Bank is adequately capitalised to achieve a retail book size of 17.5% of total advances for this fiscal against a current retail book size of around Rs 33,000 crore though it remains fairly risk-averse, staying away from the high-end home loan segment and consumer durables thus far. The bank aims for a retail book size of Rs 55,000 crore or 20% of total advances next fiscal year, group president and group head – branch & retail banking at Yes Bank Rajan Pental said.

Train 18 route confirmed! The state-of-the-art engine-less Train 18 will run between Delhi and Varanasi, Minister of State for Railways Rajen Gohain has confirmed. According to PTI, in a reply to a question in the Rajya Sabha, Gohain said the Delhi-Varanasi route has been proposed for the first Train 18 set. As many as 36 train set coaches have been planned, to be developed during the financial year 2018-2019 at Integral Coach Factory (ICF), located in Chennai, he said.

Hinduja flagship Ashok Leyland said that it is in advanced talks with a select few defence players (OEMs) in the US and Europe to offer its mobility solutions. The sompany, the largest mobility/logistic solutions provider for the Indian Army for more than three decades, sees huge opportunity not only in India but also in the overseas markets, given the wide offerings as well cost advantage it holds among peers.

The Securities and Exchange Board of India (Sebi) on Friday modified its interim order passed against the Fortis Healthcare former promoters, Malvinder Singh, Shivinder Singh, and seven others in connection with the alleged fund diversion and misrepresentation of financial statement of the hospital chain.

A host of measures to simplify the payment of tax, filing of returns, claim of refunds and advance ruling system would be on the anvil as the goods and services tax (GST) Council meets on Saturday. The required changes in the GST laws would be made once the Council achieves consensus on these changes, officials in the know said.

Aurobindo Pharma Ltd Friday said it has got the approval of the US Food and Drug Administration (USFDA) to make and market potassium chloride tablets of 600 mg and 750 mg for the US market.

The tablet, a generic version of Upsher-Smith's Klor-Con extended release tablets, would be launched next month, said a press release here.

Shares of information technology (IT) companies were under pressure on Friday with the Nifty IT index falling over 1 per cent and extending its decline into the fourth straight day, after the US indices extended falls as sentiment remained fragile.

Tata Consultancy Services (TCS), Infosys, Wipro, NIIT Technologies, Larsen & Toubro Infotech, KPIT Technologies, Tata Elxsi and Sonata Software were down between 1% to 2% on the National Stock Exchange (NSE).

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