Reliance Infrastructure (RInfra) on Tuesday said it has won an arbitration award of Rs 16.14 crore

against the National Highways Authority of India (NHAI), bringing the total amount it has won in arbitration awards in all infrastructure projects, to Rs 6,300 crore, till date.

Market regulator Sebi tightened disclosure and review norms for credit rating agencies (CRAs) on Tuesday, following concerns this year after they failed to raise timely red flags ahead of collapse of IL&FS.

The Securities and Exchange Board of India (Sebi) ordered CRAs to analyse deterioration in the liquidity conditions of an issuer, while monitoring its repayment schedules and taking into account any asset-liability mismatches.

US President Donald Trump on Tuesday described India as "very good negotiators" as he celebrated Diwali in the White House along with top Indian-Americans and said he is "grateful" for his friendship with Prime Minister Narendra Modi.

"The United States has deep ties to the nation of India and I am grateful for my friendship with Prime Minister Modi," Trump said before lighting the ceremonial Diya in the historic Roosevelt Room of the White House.

The Reserve Bank Tuesday announced it will inject Rs 12,000 crore into the system through purchase of government securities on November 15.

"Based on an assessment of prevailing liquidity conditions and also of the durable liquidity needs going forward, the RBI has decided to conduct purchase of the following government securities under Open Market Operations for an aggregate amount of Rs 120 billion on November 15, 2018 (Thursday)...," it said in a statement.

Cash-strapped Jet Airways Tuesday said it is at various stages of discussions with multiple "interested parties" for capital infusion and partial stake sale in its loyalty programme Jet Privilege.

The Naresh Goyal-run airline is looking for investors to tide over the liquidity crisis, which has resulted in delayed payments to some vendors and salaries to a section of its over 16,000 employees.

Mumbai: State-owned Vijaya Bank, Dena Bank and Bank of Baroda have set 15 December as the deadline to agree a preliminary share swap ratio for the combined entity, said Sankara Narayanan, managing director and chief executive officer, Vijaya Bank.

On 10 September, the government proposed to merge the three state-owned banks.

MUMBAI: Vodafone Idea, India’s newest and largest telecom operator, will on November 14 announce its first results since its inception, with analysts predicting a sizeable loss in its fiscal second quarter ended September 30, dragged down by low subscriber additions and rising 4G network expansion costs.

Cipla has entered into an agreement to acquire US-based specialty pharma company Avenue Therapeutics Inc for $215 mn or around Rs 15.6 bn. This is in line with Cipla's strategy of building a specialty drugs pipeline in the US.

Cipla's US subsidiary InvaGen Pharmaceuticals Inc will make the acquisition in two stages, the company said.

Mumbai: The benchmark indices turned choppy in morning trade Tuesday and oscillated between gains and losses, driven by better-than-expected macro economic data and fresh foreign fund inflows amid global sell-off.

The 30-share index fell over 140 points in opening trade but soon recovered the lost ground to quote higher by 46.12 points or 0.13 per cent at 34,859.11.

Higher sales and a better realisation have powered the earnings of Coal India for the quarter ended September 30, 2018. The consolidated net profit of the public sector miner for the quarter was Rs 3,084.70 crore against Rs 370.43 crore in the corresponding quarter previous year.

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