Coal India’s offer for sale garnered Rs 16.5 billion worth of bids from retail investors on Thursday.

Bids for 61.91 million shares were received from individual investors, as against the base issue size of 39.6 million.

New Delhi: ICICI Bank today launched a new short-term digital credit facility for its customers under which they can get instant pre-approved loans of upto Rs 20,000 for online shopping, paying bills and also for settling bills at offline stores using UPI platform. Currently an invite-only feature, ICICI Bank’s new offering is aimed at the young and millennial customers who want everything digitally and instantaneously, including credit.

Mumbai: Maruti Suzuki India Ltd, India’s largest passenger carmaker, on Thursday reported a marginal drop in domestic sales of passenger cars in October to 122,280 units, against 122,459 a year ago.

These figures do not includes sales of commercial vehicles and vans.

The Securities and Exchange Board of India (Sebi) has barred Sahara India Commercial Corporation (SICCL), its chief Subrata Roy Sahara and 13 other persons from dealing in the securities market for a period of four years, directly or indirectly, for allegedly breaching securities norms by raising money from the market through optionally fully convertible debentures (OFCDs).

WhatsApp Vice President Chris Daniels Wednesday said the company is focused on values like security and privacy to ensure that its product remains a utility that helps users communicate in everyday life.

The Facebook-owned company, which has been asked by the Indian government to put in place a mechanism to clamp down fake messages on its platform, also announced its partnership with Invest India to help entrepreneurs and small and medium enterprises expand their businesses.

Commercial vehicle major Ashok Leyland registered a 17 per cent increase in auto sales in October, with total sales of Light Commercial Vehicle (LCV) and Medium and Commercial Vehicle (M&HCV) at 15,149 units.

M&HCV sales rose 7 per cent to 9,797 units as compared to 9,140 units, a year ago.

The dramatic sacking of Cyrus Mistry as chairman and director of Tata Sons and TCS violated provisions of Companies Act, RBI rules and more importantly, Tatas’ own articles of association, RoC, Mumbai said in an RTI reply, a charge that the Tatas have vehemently denied.

Mumbai: The BSE Sensex rose over 100 points on Thursday, but turned choppy after investors began booking profits at higher levels.

The benchmark indices opened higher led by banking and auto stocks amid sustained buying by domestic institutional investors (DIIs), better-than-expected corporate earnings and positive global cues buoyed sentiment.

Coal India OFS Day 2: After getting fully subscribed by institutional investors on day 1, Coal India OFS will open for retail investors on Thursday. The non-retail buyers put in bids for 15.84 crroe share of the 14.89 crore shares on offer on the first day of OFS on Wednesday, according to the NSE data. It amounts to a subscription of 1.06 times the shares reserved for institutional buyers. The sale of 15.84 crore shares amounts to over Rs 4,200 crore at a floor price of Rs 266.

Tata Motors on Wednesday reported a consolidated loss of Rs 1,009.5 crore for the three months ended September, primarily due to the loss emanating from the weak JLR performance. In Q1FY19, the company had reported a loss of Rs 1,862.6 crore.

Consolidated revenue rose 3% y-o-y to `72, 112 crore in the September quarter. Revenues from the sales of commercial vehicles were `15,056.9 crore, up 31% y-o-y.

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