The State Bank of India (SBI) on Thursday said that the current and sudden surge in Currency in Circulation (CIC) could be superficial.

The leading Public Sector Bank (PSB) added that ATM withdrawals have declined in quarter four (Q4) on a sequential basis.

To catch manipulators, markets regulator Sebi has started looking at Facebook accounts of suspected persons, with 'friends' and 'likes' for posts being scanned in insider trading cases.

The watchdog checked the Facebook profiles of suspected persons to ascertain whether they were 'connected' in a case related to violation of insider trading norms.

With the National Company Law Tribunal (NCLT) rejecting the second round of bidding in the insolvency process of Essar Steel and asking the resolution professional (RP) and the committee of creditors (CoC) to review the first round of bidding, there is once again uncertainty on what to expect.

“The Insolvency and Bankruptcy Code (IBC) is a new law and today’s order would just help to make the IBC more robust,” said Alok Dhir of Dhir & Dhir Associates.

UltraTech Cement has indicated it would increase its offer yet again for acquiring bankrupt Binani Cement if the Dalmia Bharat-led consortium matched its last offer.

UltraTech Cement recently upped its offer to Rs 79.6 billion after a second round of revision, outbidding Dalmia Bharat’s offer by Rs 11 billion.

Mukesh Ambani's Reliance Industries (RIL) and global energy major BP said the two companies had sanctioned the second phase of integrated development for their D6 oil and gas block in the Krishna-Godavari (KG) basin.

"The companies are moving forward to develop the block's discovered deepwater gas fields in an integrated series of projects, bringing new gas production for India," it was stated. This 'satellite cluster' is the second of three projects in the KG-D6 block's integrated development.

Richest Indian Mukesh Ambani and human rights lawyer Indira Jaising have been named by Fortune magazine as the World's Greatest Leaders of 2018.

The Fortune's 2018 ranking of the 50 Greatest Leaders released today also has architect Balkrishna Doshi in the list which includes Apple CEO Tim Cook, New Zealand Prime Minister Jacinda Ardern and football coach Nick Saban.

Amid reports of Indian civil aviation companies being lukewarm to buying Air India, the government says it has received many queries from a number of aviation and non-aviation companies for the flagship national carrier.

The queries have been addressed to EY, the transaction advisor for the sale of Air India, Air India Express, and the flagship’s 50 per cent stake in Air India SATS. The last date to submit queries by interested parties was April 16.

TCS Q4 Results 2018: The total attrition rate in Tata Consultancy Services (TCS) fell to 11.8%, while that of IT fell to 11% in the fourth quarter of the fiscal year 2018-19. India’s largest IT services company, beating estimates, posted a net profit of 4.5% on year to Rs 6,904 crore in the quarter ended March.

Idea Cellular hit a 52-week low of Rs 70, down 2% on the BSE, on concerns of delay in merger between the company and Vodafone India.

The stock of telecom services provider trading at its lowest level since January 20, 2017, has fallen 35% thus far in the current calendar year 2018. On comparison, the S&P BSE Sensex was up 1% during the period.

Procter & Gamble will acquire 51.80 per cent stake for Rs 1,289.88 crore in India listed drug firm Merck Ltd as part of a global deal under which it is taking over German firm Merck KGaA’s international consumer health business. The global deal is for about 3.4 billion euro (Rs 27,677 crore) in cash. P&G will acquire Merck’s majority shareholding in Merck Ltd. (India) and make a mandatory tender offer to minority shareholders.

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