The Competition Commission of India (CCI) on Wednesday declined an interim relief order that would restrain Google from levying service fees on app developers until a final decision is made by the regulator.

The CCI also said the Director General (DG) would continue its investigation as ordered by the commission in its March 15 order.

British officials on Monday refuted the rumours surrounding the alleged death of King Charles III, heavily reported by multiple media outlets earlier in the day. As many Russian media outlets announced the death of the UK King, the British Embassy in Ukraine issued a response saying that the "news about the death of King Charles III is fake."

"We would like to inform you that the news about the death of King Charles III is fake," the short statement prompted on the embassy's official 'X' (formerly Twitter) handle in the evening.

The rupee declined 5 paise at 82.95 against the US dollar on Tuesday due to firm crude oil prices and foreign fund outflows.

At the interbank foreign exchange market, the rupee opened at 82.94 to a dollar, down 4 paise over the previous close of 82.90.

Non-Banking Financial Company (NBFC) Poonawalla Fincorp on Monday announced the appointment of Arvind Kapil as Managing Director (MD) & Chief Executive Officer (CEO) of the company.

The current MD & CEO of the company, Abhay Bhutada, has been elevated to a group-level role and will be taking up a strategic position at the Cyrus Poonawalla Group, managing its strategy, investment, and finance. He will continue to serve as a non-executive director on the board of Poonawalla Fincorp.

Tata Sons is set to divest a 0.65 per cent stake in its flagship Tata Consultancy Services (TCS) on Tuesday in the open market, according to a term sheet. It will offload 23.4 million shares at a floor price of Rs 4,001.

The base price, which is 3.7 per cent lower than the TCS stock’s last close, will enable Tata Sons to raise Rs 9,362 crore ($1.13 billion). JP Morgan and Citi are the investment banks handling the share sale.

British American Tobacco Plc. started a £1.6 billion ($2 billion) buyback program after selling part of its stake in India’s ITC Ltd.

The maker of Lucky Strike cigarettes, Vuse vapes and Velo nicotine pouches said Monday that net proceeds of the ITC stake sale totaled £1.57 billion and that it will buy back as much as £1.6 billion of its own shares this year and next.

In a third tongue-lashing to the State Bank of India, the Supreme Court on Monday told it to stop being "selective" and make "complete disclosure" of all details related to the electoral bonds scheme by March 21.

The apex court said the details to be disclosed include the unique bond numbers that would reveal the link between the buyers and the recipient political parties.

The Supreme Court (SC) has dismissed the bail plea of Aam Aadmi Party (AAP) leader Satyendar Jain, directing him to surrender immediately.

The decision came after a bench comprising Justices Bela M Trivedi and Pankaj Mithal reserved its judgment on January 17, following arguments presented by senior advocate Abhishek Singhvi, representing Jain, and Additional Solicitor General S V Raju, representing the Enforcement Directorate (ED).

Shares of Anup Engineering surged 15 per cent on BSE to Rs 3,115 in Monday’s intra-day trade after the company announced its board will meet on Wednesday, March 20, 2024, to consider a maiden bonus issue. The stock of the industrial products company had hit a 52-week high of Rs 3,168 on February 9.

Since April 2023, so far in the financial year 2023-24, the stock price of Anup Engineering more than doubled or zoomed 110 per cent.

Prime Minister Narendra Modi will hold a roadshow here on Monday, days after Madras High Court green-flagged the event, asking the police to allow it with reasonable conditions.

The PM will take out the roadshow in the city's Mettupalayam Road and is likely to end it at RS Puram later today. This will be his first political engagement in the state after the announcement of the seven-phase schedule of the Lok Sabha polls.

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