The Mumbai bench of the National Company Law Tribunal (NCLT) on Thursday asked Ericsson India, the telecom equipment vendor of Reliance Communications (RCom), to file a bank certificate in relation to the payment details from RCom within 10 days. The case will be heard on November 23. The NCLT is hearing an insolvency petition filed by Ericsson as an operational creditor against RCom, Reliance Infratel and Reliance Telecom.

India cricket captain Virat Kohli said he will exit brand associations that he does not believe in.

The 29-year-old cricketer, a youth icon who is famously passionate about fitness, had recently ended a long-standing association with cola maker PepsiCo by not renewing his endorsement contract.

Larsen & Toubro (L&T) today said its construction arm has won orders worth Rs 4,023 crore across business segments.

"The construction arm of L&T has won orders worth Rs 4,023 crore," the engineering and construction major said in a BSE filing.

The benchmark BSE Sensex dropped by 57 points to 33,194.35 in early trade today after banking, telecom, auto, oil & gas, and pharma stocks declined following weak global cues.

The 30-share index declined by 56.58 points or 0.17 per cent to 33,194.35. The gauge had gained 32.12 points in yesterday's highly volatile session. The NSE Nifty too was trading lower by 36.20 points or 0.35 per cent to 10,272.75. All the sectoral indices led by metal, auto and oil & gas were trading in the negative terrain, falling by up to 0.92 per cent.

In a move likely to benefit around 47 lakh central government employees and give a boost to the housing sector, the Centre on Thursday revised House Building Advance (HBA) rules, that will allow them to borrow more than triple the amount from the government. The earlier Rs 7.50 lakh could has been increased to a ceiling of Rs 25 lakh now.

The move is on the lines of the accepted recommendations of the 7th Pay Commission.

Declaring that his working hours were over, an Air India pilot abandoned the plane on the runway at Jaipur airport on Wednesday night, leaving 48 passengers stranded

Flight 9I 644 was meant to fly from Lucknow to Delhi, going via Jaipur. It was supposed to arrive at Jaipur airport at 9 pm, but it was delayed and arrived only at about 1:30 am. Due to the smog at the capital and other technical issues at Delhi airport, it couldn't take off till 2 am.

The odd-even car rationing scheme will be rolled out in Delhi for five days from Monday as part of a graded response plan to tackle the alarming pollution situation in the city, the state government announced on Thursday.

The scheme would be in place from 8 am to 8 pm and there would be exemptions for women drivers and two-wheelers, Delhi Transport Minister Kailash Gahlot said.

State Bank of India Chairman Rajnish Kumar on Thursday said there was limited room for further easing the lending rate. It seems so, he said in reply to a question if the rate cut cycle is over for now. “If you look at the bond yields, they have gone up in the recent past. So, I think the headroom available for cutting down interest rates, both deposit and lending (seems limited). Unless you cut the deposit rate, you cannot cut the lending rate. For the time being, we are in for a much more stable interest rate,” he said.

Last week, the country’s largest lender reduced its lending rate for home and auto loans by 0.05 percentage points. To a question if recapitalisation in public sector banks (PSBs) by the government could lead to increase in interest rate, he said, “quite possible.”

Reliance Industries Ltd said on Thursday that the company has proposed to offer non-convertible debentures worth Rs 2,500 crore on a private placement basis. “Pursuant to the authority given by the shareholders of the company at the Annual General Meeting held on 21 July 2017, it is proposed to make an offer for the issuance of non-convertible debentures (NCDs Series E) (5th Tranche) on private placement basis on Tuesday, 14 November 2017 aggregating Rs 2,500 crore, to be listed on the stock exchanges,” RIL said in an exchange filing.

Shares of two Larsen & Toubro (L&T) Group companies – Larsen & Toubro Infotech (LTI) and L&T Technology Services (LTTS) – hit their respective 52-week highs on the BSE in an otherwise subdued market.

LTI is a global technology consulting and digital solutions company, while LTTS focuses on engineering and R&D (ER&D) services.

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