Reliance Industries shares hit an all-new lifetime high on Monday and were the biggest contributor in lifting the key benchmark indices to close higher. The market capitalisation of the Indian stock market leader Reliance Industries is just Rs 6,000 crore from hitting the figure of Rs 6 lakh crore. As per today’s close, it stood at Rs 5.94 lakh crore as per today’s close of Rs 938.1 on BSE while it was Rs 5.95 lakh crore. The stock of RIL hit a fresh all-time high today rising by 3.64% to Rs 943.45 before closing up 3.05% at Rs 938.1. In the intraday trade, its market capitalisation topped Rs 5.97 lakh crore on BSE.

State-run power equipment maker BHEL on Monday said it has commenced execution of Rs 20,400-crore Yadadri supercritical thermal power project ordered by the Telangana State Power Generation Corporation.

"The execution of the 4,000 MW Yadadri Supercritical Thermal Power Project ordered on Bharat Heavy Electricals Limited (BHEL) by Telangana State Power Generation Corporation Limited (TSGENCO) has commenced with the issuance of revised Letter of Intent by TSGENCO," BHEL said in a regulatory filing.

Rejecting Nalco's claim that three units of the PSU's captive power plants were shut due to fuel shortage, the coal ministry on Monday said there is ample dispatch of coal to the PSU which has a regular supply of 4.7 MTPA dry fuel, more than the committed quantity by Coal India.

"It is stated that contrary to the recent media news, attributing the closure of three units of Nalco's captive power plant due to a shortage of coal leading to curtailment of aluminium production, the ground reality is totally different," the Coal Ministry said in a statement.

GMR Hyderabad International Airport Limited(GHIAL) will utilise $75 million (close to Rs 490 crore) out of the total $350 million (Rs 2,276 crore) that it has raised in the international bond market on capital expenditure for the airport expansion. The rest of the proceeds will be used to refinance the existing debt.

GMR Airports Limited president Sidharath Kapur on Monday elaborated on the fund utilisation plan of the subsidiary company after broadly indicating the purpose of $350 million bonds issue couple of days ago.

MUMBAI: The benchmark BSE Sensex recovered about 224 points and the NSE Nifty regained the 10,200 mark in early trade on Monday on fresh buying by investors amid a firm trend in Asian markets.

The 30-share barometer, which had lost 194.39 points on the first day of Samvat 2074 in special 'Muhurat' session on Thursday, was trading higher by 223.86 points or 0.69 per cent at 32,613.82.

MUMBAI: Markets regulator Sebi has launched an investigation into a scam which involves unscrupulous agents who are making a killing by fraudulently transferring shares from the account of a deceased holder, which are in physical form and have not been claimed by the nominee or the legal heir, into illegal accounts.

These agents use unlawful means to get hold of shares unclaimed by legal heir of the deceased, convert them into demat (shares into electronic form) mode to sell in the market, transfer the funds into bank accounts set up for the purpose, and make cash withdrawals. It is suspected that the fraud is being carried out by the agents in connivance with employees of share transfer agencies, companies, banks and some government offices, sources said.

Canara Bank and Kotak Mahindra Bank were the gainers as State Bank of India (SBI) lost market share in debit card spends between April and August, slipping to below its pre-demonetisation level. According to data released by the Reserve Bank of India (RBI), SBI’s share in debit card spends slipped to 29.88% in August from 31.27% in April. This is below the bank’s October 2016 share of 29.96%. SBI clocked debit card spends worth Rs 10,582.86 crore in August, down from Rs 11,720.73 crore in April.

NEW DELHI: After the unsuccessful launch of navigation satellite IRNSS-1H, Indian Space Research Organisation (Isro) is gearing up to launch a remote sensing satellite of Cartosat-2 series along with 30 nano satellites of foreign countries in the second half of December.

Vikram Sarabhai Space Centre (VSSC) director Dr K Sivan said, "Isro will be busy in launching a series of satellites from December onwards. We are targeting to launch Cartosat along with 30 nano satellites of foreign countries in the second half of December."

In a bid to compete with the multitude of private television news channels dominating India's news space, Doordarshan (DD) News has decided to seek professional help for another round of image makeover.

An expression of interest has already been invited to hire a private agency, which will work on "providing creative inputs, technical infrastructure and man power for enhancing look and feel of DD (News) channel".

Geopolitical risk returned to markets this month helping the US dollar to hit a 10-week high before it gave up some gains.

The German and New Zealand general elections resulted in a hung Parliament, pro-Independence referendums in Catalonia (Spain) and Kurdistan (Iraq) strengthened separatist forces, snap polls were announced in Japan (October 22) while the anti-Theresa May lobby in the Conservative Party threatened a coup.

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