Biscuit-maker Mrs Bectors Food Specialities and auto-components maker Sansera Engineering have received markets regulator Sebi’s go-ahead to launch initial share-sale offers.

Mrs Bectors Food and Sansera Engineering obtained “observations” from the Securities and Exchange Board of India (Sebi) on November 9 and November 12, respectively, showed the latest update with the markets watchdog.

After coming out with draft regulations for telecommunications operators to stop pesky calls and texts, the Telecom Authority of India (TRAI) has issued the much-awaited consultation paper to debate whether the over-the-top (OTT) players such as Whatsapp, Facebook and Skype, among others, should be brought under the regulatory regime.

Shares of Tata Motors were down 5% at Rs 185 on the BSE after the company’s British arm Jaguar Land Rover (JLR) total retail sales fell 4.6% year-on-year (Y-o-Y) at 44,282 vehicles in October.

JLR’s sales in China decreased by 49% Y-o-Y as market conditions remain challenging amid tariff changes and continued trade tensions with the US, which are impacting consumer confidence and automotive purchases.

State-owned engineering giant BHEL said Monday that with the completion of fourth and final 30 MW unit, it has completely commissioned 120 MW Pulichintala Hydro-Electric Project (HEP) in Telangana.

The other three units of the 4x30 MW Pulichintala HEP, commissioned earlier by the BHEL have been operating successfully, BHEL said in a statement.

Drug major Cipla on Monday said it has received final approval from the US health regulator for Valganciclovir tablets used in the treatment of viral eye infection for AIDS patients.

Valganciclovir is used in the treatment of cytomegalovirus infection (serious viral eye infection of the retina) for AIDS patients and for prevention of cytomegalovirus (CMV) disease after organ transplant.

Shares of PNB Housing Finance were up 5% at Rs 978 per share on the BSE in intra-day trade after the housing finance company said that it has obtained refinance sanction of Rs 35 billion from the National Housing Bank (NHB) in October-2018.

The company said the funds will be utilised for the specific sector wise disbursements/end uses as per norms of the respective NHB refinance schemes.

Air India on Sunday grounded its chief of operations Captain AK Kathpalia after he allegedly failed to clear pre-flight alcohol test. Kathpalia was to operate the airline’s London-New Delhi flight on Sunday afternoon.

Sources said that Air India had to call another pilot to replace him and operate the flight (AI-111) which departed after a delay of 55 minutes, causing inconvenience to passengers.

Mumbai: Yes Bank Ltd has sought guidance from the Reserve Bank of India (RBI) over former finance secretary Ashok Chawla continuing as non-executive chairman of its board after being named in a corruption chargesheet. This follows the National Stock Exchange of India Ltd (NSE)—also chaired by Chawla—scrutinizing his continuance on similar grounds.

Mumbai: Yes Bank Ltd has sought guidance from the Reserve Bank of India (RBI) over former finance secretary Ashok Chawla continuing as non-executive chairman of its board after being named in a corruption chargesheet. This follows the National Stock Exchange of India Ltd (NSE)—also chaired by Chawla—scrutinizing his continuance on similar grounds.

The BSE benchmark Sensex recovered by over 155 points and the NSE Nifty breached the 10,600-mark in opening trade Monday on fresh buying by investors, ahead of release of macroeconomic data later in the day.

Traders said, fresh fund inflows by foreign funds and a bullish trend on other Asian bourses also influenced trading sentiments here.

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