Seeking intervention in the case filed by Japanese pharma major Daiichi Sankyo for execution of the HC’s January 31 order that upheld the enforceability of the Rs 3,500-crore arbitral award passed against the Singh brothers and others, the bank told Justice Jayant Nath that it has equal rights over the assets of Singh and its dues shall be recovered from sale of the listed shares.

Call drops deteriorated in May with the percentage inching up to 0.60% during the month compared with 0.52% in April 2018, latest Trai data show. This is against three consecutive months of good performance when the rate fell to 0.54% in February and remained flat at 0.52% during March and April, respectively.

Mahindra’s Truck and Bus Division (MTBD), the commercial vehicle arm of Mahindra Group, on Tuesday unveiled its new range of intermediate commercial vehicles (ICVs) called Furio, in a bid to increase its market presence in the commercial vehicles (CVs) segment.

Under the range, MTBD will be launching 21 products ranging from 6.5T to 16T, seven of which will be launched with BS-IV engine and the rest complying with BSVI norms.

Maruti Suzuki India (MSI) today said it is recalling 1,279 units of new Swift and Dzire models to inspect for a possible fault in the airbag controller units.

MSI in a statement said it will proactively and voluntarily undertake a recall for 1,279 vehicles (566 new Swift and 713 new Dzire) manufactured between May 7 to July 5, 2018.

Aiming to generate revenues from new segments, state-run telecom player BSNL is targeting Rs 650 crore from its partnerships with virtual network operators (VNOs).

BSNL has tied-up with VNOs Plintron and Aerovoyce to start the services. Besides, it has introduced the first robotic process automation in the organisation which will enable the firm to save Rs 300 crore annually.

As Sensex hit another all-time high on Tuesday at 36902.06, three out of four BSE-500 stocks stayed at the other end of the spectrum, bleeding.

While 130 stocks have swung into the positive territory in 2018 (year to date), the remaining 370 have left investors in the lurch with a negative growth during the seven-month period since January 1.

The National Democratic Alliance (NDA) government has asked the Reserve Bank of India (RBI) for its suggestions on specific public sector banks (PSBs) that could be merged in a bid to achieve synergy.

“The government has requested the RBI for views as well as suggestions regarding specific possible combinations to achieve scale and synergy for appropriate consideration,” Minister of State for Finance Shiv Pratap Shukla said in a written reply in the Rajya Sabha on Tuesday.

The Sebi on Tuesday proposed a three-phase process for re-classification of promoters as public shareholders. In the first stage, the concerned promoter shareholder or the company will have to file an application to the stock exchange requesting re-classification. In the next stage, the request will go to the board of directors.

The board will then provide its recommendation, which will be placed before the shareholders.

Four persons of India-origin, including three women, have been named by Fortune among 40 of the most influential and inspiring young people in business under the age of 40.

Instagram Cofounder and CEO Kevin Systrom and Facebook founder Mark Zuckerberg, both 34, are tied for first place on the Fortune '40 Under 40' list.

Bank finance to the gem and jewellery sector has declined by at least 10 per cent, which will adversely impact exports, GJEPC cautioned in a report. The apex body of the gems and jewellery trade in its report today also estimated that the exports in the current fiscal year will see a drastic drop of 10 per cent.

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