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Paradise Papers: Firms named in leak under Sebi lens for fund diversion

Paradise Papers: Firms named in leak under Sebi lens for fund diversion

Markets regulator Sebi will look into alleged fund diversion and corporate governance lapses at various listed firms and their promoters, including those linked to Vijay Mallya, named in the leaked 'Paradise Papers'.

While some entities linked to Mallya are already being probed by Sebi and other agencies, any fresh disclosure in the leaked documents made public by ICIJ (International Consortium of Investigative Journalists) would be thoroughly looked into, senior officials said.

Mahindra & Mahindra up 3% as board mulls bonus issue

Mahindra & Mahindra up 3% as board mulls bonus issue

Mahindra & Mahindra (M&M) was up 3% at Rs 1,373 on the BSE in an otherwise range-bound market as the company said that its board will consider bonus issue in their forthcoming meeting on Friday, November 10, 2017 after a gap of 12 years.

Earlier, in August 2005, M&M had issued bonus shares in the ratio of 1:1 i.e. 1 (one) bonus equity share for every 1(one) existing equity share held by the shareholders as on the "Record date".

Indian Oil to raise Rs700 crore via bonds to fund Ennore LNG terminal

Indian Oil to raise Rs700 crore via bonds to fund Ennore LNG terminal

Indian Oil Corp. Ltd (IOCL) is planing to sell bonds worth Rs700 crore to part-finance the construction of its upcoming natural gas terminal at Ennore in Chennai, two people familiar with the development said.

The country’s largest oil marketing company is building the Rs5,000-odd-crore terminal for import, storage and regasification of liquified natural gas (LNG) at Ennore’s Kamarajar Port.

Indian Railways launch main arch on world's highest bridge on Chenab

Indian Railways launch main arch on world's highest bridge on Chenab

The Indian Railways has launched the main arch of the world's highest bridge on the River Chenab in Jammu and Kashmir's Reasi district which will provide direct connectivity to the Kashmir Valley.

The iconic bridge will soar 359 metres above the bed of the River Chenab and will be 30 metres higher than the iconic Eiffel Tower in Paris.

Air India floats tender to raise $535 million to buy 3 Boeing planes

Air India floats tender to raise $535 million to buy 3 Boeing planes

National carrier Air India has floated a tender to raise $535 million to bridge finance a loan raised to acquire three Boeing 777-300ER (extended range) planes.

Two of the planes will be used by the government for ferrying important officials, a spokesperson said.

Breaking its success spree, Sensex slips from record level in early trade

Breaking its success spree, Sensex slips from record level in early trade

The BSE Sensex on Monday fell by over 97 points in early trade, retreating from its record highs, on profit booking in metal, oil & gas, banking, teck and PSU stocks after a recent rally.

Besides, capital outflows by foreign funds and a mixed trend at other Asian bourses and caution ahead of earnings from some more bluechip companies this week influenced the sentiment, brokers said.

Govt to give 60% stake in ONGC fields to private firms

Govt to give 60% stake in ONGC fields to private firms

Nearly 25 years after ONGC's prime discovered oilfields were privatised, the oil ministry has identified 11 more producing oil and gas fields of the state-run firm for handing over to private firms to raise output.

The ministry is approaching the Cabinet to allow private companies take 60 per cent stake in producing oil and gas fields of national oil companies, ONGC and OIL, with the view that they would raise production above the baseline estimate.

Supreme Court directs mobile service providers, banks to include last date for Aadhaar enrolment in alert messages

Supreme Court directs mobile service providers, banks to include last date for Aadhaar enrolment in alert messages

The bench said that the banks and telecom service providers should indicate the last date of linking bank accounts and mobile numbers with Aadhaar in the messages sent by them to their customers.

Seeking the government’s response on four petitions challenging the constitutional validity of the Aadhaar Act, the Supreme Court on Friday said the banks and telecom service providers should indicate the last date of linking bank accounts and mobile numbers with Aadhaar in the alert messages sent by them to their customers.

2017 ozone hole smallest since 1988: NASA

2017 ozone hole smallest since 1988: NASA

The hole in Earth's ozone layer that forms over Antarctica each September was the smallest observed since 1988, NASA satellite measurements from this year have revealed.

The hole in Earth’s ozone layer that forms over Antarctica each September was the smallest observed since 1988, NASA satellite measurements from this year have revealed. The ozone hole reached its peak extent on September 11, covering an area about two and a half times the size of the US – 7.6 million square miles in extent – and then declined through the remainder of September and into October, according to scientists from NASA.

Yes Bank signs MoU with government for financing Rs 1,000 crore

Yes Bank signs MoU with government for financing Rs 1,000 crore

The funding will be provided to around 100 food processing projects with an average ticket size of Rs 10 crore each, the bank said in a statement.

Private sector lender Yes Bank today signed an agreement with the government to provide Rs 1,000 crore financing for food processing projects.

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