In a bid to tighten the noose around market offenders, the government has directed the Securities and Exchange Board of India (Sebi) to frame a policy on recovery proceedings.

The new rules could help the market regulator seize assets of violators even before a final judgment is passed by appellate bodies.

Digital currency worth around 6.7 billion yen (USD 60 million) has been stolen in Japan following a hacking attack, a virtual exchange operator said on Thursday. Osaka-based Tech Bureau, which operates virtual currency exchange Zaif, said its server had been illegally accessed and money transferred.

Following multiple postponements for the bid submission dates for the forthcoming 10,000 MW manufacturing-linked solar auctions, the Solar Energy Corporation of India (SECI) has eased a few norms for firms potentially participating in the bids.

As per the new amendments, the amount of bank guarantee to be submitted by developers has been reduced by almost 25% to Rs 466 crore.

Shares of Maruti Suzuki, which rose over ten-fold in six years through 2017, seem to have lost the steam. The stock has corrected close to 16% since January after its record-setting run, beating the Nifty returns for six years in a row. Among its most stellar returns were a gain of 88.8% in 2014 and 82.9% in 2017.

In a bid to start a new chapter in India-Pakistan relationship, Imran Khan has reached out to PM Narendra Modi. According to reports, Pakistan PM Imran Khan wants talk to resume between the two neighbours, and as first step, he is hoping that the foreign ministers of both countries can meet at the sidelines of United Nation General Assembly in New York in this month end.

Amazon India’s flagship campaign ‘Apni Dukaan’, to connect with customers in the remotest parts of the country, could run into copyright issues. Pune-based businessman Ravi Jain, who registered apnidukaan.com as a domain name back in 2007, wants Amazon to stop using the campaign.

The nation's largest lender State Bank of India Wednesday raised the first tranche of USD 650 million through a maiden green bond offering, which is part of its planned USD 3 billion in such funds for onward lending to green projects.

The five-year dollar money is priced at the US treasury plus 165 basis points, while from for an British investor the coupon will be 3 Libor plus 151 bps.

Secretary of State Mike Pompeo on Wednesday set a deadline by which North Korea must denuclearise, saying that the process must be completed by January 2021, when President Donald Trump's current term would end.

In a statement, Pompeo also expressed his desire to meet with his North Korean counterpart, Ri Yong-ho, next week in New York during the United Nations General Assembly, Efe reported.

Indian Institute of Technology Madras (IIT-M) has announced a collaboration with Oil and Natural Gas Corporation Limited (ONGC) to enhance the operational life cycle of the latter's existing platforms and reduce running and operating cost by optimum use of offshore survey requirements.

IIT-M is going to develop a database management system for all the more than 280 platforms of ONGC and develop software for structural integrity management system (SIMS) as well.

The country’s largest lender State Bank is in the international bond market to raise nearly USD 500 million in green bonds, making it the maiden issuance for the lender.The tenor of the bonds is expected to be five years and the notes are to be issued by the bank’s London branch.

With this issue SBI will become compliant with the global standards as prescribed by the Climate Bonds Initiative, a global not-for-profit investor-focused organisation.

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