The Supreme Court on Friday gave further three weeks time to Reliance Communications (RCom) and Reliance Jio Infocomm (RJio) to resolve among themselves as to who will be liable for the past dues of the former once the spectrum trading deal between the two is cleared by the government.

At its last hearing on January 7, the court gave time to the two sides till Friday to resolve the matter after RJio refused to give an undertaking that it would pay the dues of RCom, if any came to light, once the trading deal was through.

Satisfied with the steps that have been taken by the government in compensating victims of faulty implants manufactured by US-based pharma major Johnson and Johnson (J&J), the Supreme Court on Friday accepted the principles of the formula that have been recommended to pay damages between Rs 30 lakh and Rs 1.22 crore to the patients fitted with the controversial hip implants between 2004 and 2010.

Former bureaucrat Ashok Chawla Friday resigned as chairman of the National Stock Exchange with immediate effect, the bourse said, hours after the CBI said the Centre has granted sanction to prosecute him in the Aircel-Maxis case.

The exchange while making the announcement Friday night did not provide specific details.

RBI Governor Shaktikanta Das Friday met representatives of NBFCs to discuss liquidity and other issues facing the sector.

A high-level delegation of Assocham met the RBI Governor here to highlight the issues on liquidity being faced by non-banking financial companies (NBFCs) and housing finance companies (HFCs), the industry chamber said in a statement.

Continuing with the programme it started in FY18, Infosys on Friday announced buyback of shares worth up to Rs 8,260 crore at Rs 800 per share. The firm is offering the repurchase price at a 16.89 per cent premium over Friday’s closing price of Rs 684.35 on the NSE.

“The board has approved a proposal for buying back equity shares for an amount aggregating up to Rs 8,260 crore, which is less than 15 per cent of the total paid-up share capital and free reserves of the company,” Infosys said.

The Indian Space Research Organisation (Isro) is setting up a ‘Human Space Flight Centre’ in Bengaluru, which will support its quest of making country’s maiden manned space mission a success.

“This centre will help in carrying out the job related to all the human space programmes,” said Isro chairman K Sivan.

Lending major Yes Bank on Thursday submitted the names of the potential candidates for its Managing Director and Chief Executive post to the Reserve Bank of India (RBI).

According to the bank, the Board has submitted an application to the RBI to seek its approval for the names of the selected candidates.

Mumbai: Breaking its four-day rising spree, the BSE Sensex ended over 100 points lower on Thursday on selling in banking shares amid negative cues from other Asian markets.

After a volatile session, the 30-share index settled 106.41 points, or 0.29 per cent, down at 36,106.50, while the broader NSE Nifty fell 33.55 points, or 0.31 per cent, to finish at 10,821.60.

Mumbai: Forensic analysis shows 62 broking firms may have enjoyed preferential access to servers of National Stock Exchange of India Ltd (NSE), and not just the three that have been served showcause notices. This is according to three forensic audit reports by EY India Ltd, Deloitte Touche Tohmatsu India Llp and International School of Business (ISB). Mint reviewed excerpts of these reports.

Byculla, a south Mumbai neighbourhood, is known for its crowded and narrow lanes filled with honking cars fighting for space, its rows and rows of vegetable sellers, delicious streetside non-vegetarian food and its non-descript, medium-sized residential and commercial buildings.

One morning in July 2003, a group of four or five men struggled their way through the Byculla chaos to reach an old, worn-out, shabbily painted, medium-sized building.

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