Rana Kapoor is seeking shareholder approval for another term as chief executive officer of Yes Bank Ltd., the Indian lender which has set records for both loan growth and the highest proportion of disputed bad debt among its top private-sector peers. Shareholders are due to vote Tuesday on whether to grant another three-year term to Kapoor, who has helmed Yes Bank since 2004.

PSU bank stocks rose on Tuesday, with India’s largest bank SBI leading the Nifty PSU Bank index with gains of almost 1.59 per cent. Healthy credit growth target by the largest state-run lender for three years down the line is a positive aspect for the bank and has made SBI stock attractive, said Anita Gandhi, Whole Time Director at Arihant Capital Markets.

Century Metal Recycling has filed draft papers with markets regulator Securities and Exchange Board of India for an initial public offering (IPO). The offer comprises of a fresh issue of equity shares aggregating up to Rs 150 crore and an offer for sale of up to 6,402,650 equity shares of Century Metal Recycling by the promoters including Gauri Shankar Agarwala (up to 793,243 equity shares), Mohan Agarwal (up to 788,955 shares).

The National Highways Authority of India (NHAI), which is currently tendering road monetisation projects, has started of a unique data-sharing plan with prospective bidders. It is undertaking the task of conducting due diligence for the contracts prior to their bidding.

NHAI will ascertain the health of TOT or toll-operate-transfer projects, which would then be offered to international investors for their operation and maintenance.

The Central Bureau of Investigation (CBI) on Tuesday has moved the Madras High Court challenging a trial court order which discharged Kalanithi Maran, Dayanidhi Maran and seven others in the BSNL illegal telephone exchange case.

During the period between 2004 and 2007, Dayanidhi Maran had been accused of misusing his power and allegedly providing the wrong cell phone connections of Chennai BSNL to Sun Telecom, owned by his brother Kalanithi Maran.

ICICI Bank today said it has not received any "specific communication" from the US markets regulator SEC with regard to alleged lapses involving the lender's chief Chanda Kochhar and her family members.

The bank's response was sought by stock exchanges regarding a report that matter of alleged lapses involving Kochhar has come under the scanner of the US Securities and Exchange Commission (SEC).

NEW DELHI: The government has put on hold disinvestment of Indian Railway Catering and Tourism Corporation (IRCTC) as it wants to tap the massive pile of data. The ministry is working out a revamp plan before selling shares in one of the largest e-commerce sites to realise a better value.

India’s largest engineering and construction firm, Larsen and Toubro (L&T), is planning to start bidding for road projects under the hybrid annuity model (HAM), introduced just two years ago. The company will bid for HAM projects through its infrastructure development subsidiary, L&T L&T Infrastructure Development Projects (IDPL), L&T IDPL’s CEO Shailesh Pathak told FE.

Even as India’s largest car-maker Maruti Suzuki is gearing up for the launch of its Ertiga automatic spied, global research firm HSBC says that the development will be a near-term trigger for Maruti Suzuki’s shares. Notably, the new 2018 Maruti Suzuki Ertiga MPV is likely to be launched in the month of October and is already up for sale in Indonesia since April 2018.

BENGALURU: Digital payments major Paytm is all set to enter the physical point-of-sales terminal business and is planning to roll out PoS machines at merchant outlets across the country, according to two people in the know of the matter.

The payments player, which was using QR codes to ramp up offline digital payments, is now opening card payments at merchant locations as well.

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