Accommodating passengers from its cancelled flights has become harder for Jet Airways as at least two airlines have cancelled their ‘flight interruption manifest (FIM) agreement’ with the airline.

This comes at a time when the cash-strapped airline is cancelling more than 100 flights daily due to grounding of its planes.

Ravneet Gill took charge as managing director (MD) and chief executive officer (CEO) of YES Bank on Friday for a three-year term, subject to shareholder approval.

A career banker with a long innings at Deutsche Bank, Gill comes in place of Rana Kapoor, the bank’s co-promoter and former MD and CEO.

The Securities and Exchange Board of India (Sebi) tightened the valuation methodology for liquid mutual funds (MFs) and did away with the open offer exemption given to those seeking to acquire assets undergoing insolvency resolution.

To make sure liquid schemes reflect the underlying portfolio risks, Sebi has said all debt papers with maturity of 30 days or more to be marked to market. Earlier, fund houses didn’t have to do so for securities that had less than 60-day maturity.

Tata Motors Ltd on Friday denied media reports that it was exploring options for its ailing luxury car unit Jaguar Land Rover Automotive Plc.

Two media reports said the company was considering options including a minority stake sale in the JLR unit or finding a venture partner that would jointly develop vehicles and lower costs.

Amazon is taking a new initiative called Project Zero in a bid to get rid of counterfeit products on its website. Once approved, Project Zero will allow the brands to directly flag and delete fake listings themselves.

As per the current process, companies need to forward a request to Amazon if they spot fake versions of their products. The e-commerce company then evaluates the claims and removes the counterfeit product. The process is quite similar to the copyright takedown process of YouTube, a tech platform that often sees false or misleading content.

Capital markets watchdog Sebi wants the Government to do away with the practice of its board having a nominee from the Reserve Bank of India, or alternatively provide for a cross-representation of the two regulators on each other’s boards.

Officials said the Securities and Exchange Board of India (Sebi) first proposed to the Ministry of Finance to amend the relevant provisions in the Sebi Act to discontinue RBI’s representation on its board, as it already has adequate presence of the Government nominees and in its over 25 years of existence the regulator has evolved as an “effective and one of the best in the world”.

Fraud-hit Punjab National Bank has been ranked first among public sector banks in the implementation of ’reforms agenda’, followed by Bank of Baroda and State Bank of India, said a report on Thursday.

The BCG-IBA report – EASE Reforms for Public Sector Banks — measures performance of each PSB on 140 objective metrics across 6 themes, including customer responsiveness, credit off-take and digitalisation.

New Delhi: Bajaj Auto on Friday reported a 10 per cent increase in total sales at 3,93,089 units in February against 3,57,883 units in the same month last year.

The company's motorcycle sales were up 10 per cent at 3,27,985 units, against 2,97,514 units during the same period a year ago, Bajaj Auto said in a BSE filing.

The BSE benchmark Sensex rallied about 265 points to 36,132 in early session on Friday as the March derivatives series took off on a strong footing and foreign fund inflows fuelled the uptrend.

The 30-share Sensex spurted by 264.99 points, or 0.75 %, to 36,132.43 in early trade. The gauge had lost over 346 points in the previous three sessions due to geo-political tensions between India and Pakistan.

The Reserve Bank Thursday said it has approved the amalgamation of 'DBS Bank, India' with 'DBS Bank India', the entity which has been granted permission to operate as a wholly owned subsidiary (WOS) of the Singaporean lender.

It can be noted that DBS used to operate in the 'branch model' and is among the first foreign lenders to come forward and operate as a WOS.

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