British American Tobacco plc (BAT plc) is “actively” working on monetising some of its shareholding in the diversified ITC, but will keep a level of “influence” in the Kolkata-headquartered firm.

BAT is the largest shareholder in the cigarettes-to-hotel major with a holding of 29.03 per cent, worth Rs 1.5 trillion.

A Delhi court on Friday granted interim bail to former Bihar chief minister Rabri Devi and daughters Misa Bharti and Hema Yadav till February 28 in the Railways land-for-job case.

Special Judge Vishal Gogne granted relief to the three after the ED claimed that it needed time to file arguments on their regular bail application.

Biocon Biologics has announced a five-year partnership with Sandoz Australia to market its products Ogivri, (biosimilar Trastuzumab) and Fulphila, (biosimilar Pegfilgrastim) in Australia. Both are cancer products.

This partnership will provide Sandoz the exclusive rights to promote, sell, and distribute biosimilar Trastuzumab and biosimilar Bevacizumab in Australia.

The Cabinet on Thursday approved the next spectrum auctions set to be held later this year with a reserve price of Rs 96,317 crore. All the available spectrum in 800, 900, 1800, 2100, 2300, 2500, 3300 megahertz (MHz) and 26 gigahertz (GHz) bands will be put to auction.

"As recommended by the Telecom Regulatory Authority of India (TRAI), the reserve prices for various bands have been revised using suitable indexation," the Cabinet said.

The country's largest securities depository, Central Depository Services India (CDSL), has commenced an examination of Paytm Money's procedures for verifying customers, according to a report by The Economic Times (ET). This scrutiny comes in the wake of regulatory actions against Paytm Payments Bank by the Reserve Bank of India (RBI) and the central bank's directive on January 31.

The RBI's recent directives have resulted in restrictions on most operations of Paytm Payments Bank, including deposits and fund transfers, effective from March 1, 2024.

Injudicious procurement of an additional CNC horizontal boring and milling machine by Patiala Locomotive Works cost a financial loss of Rs 25.43 crore to the Railways, the Public Accounts Committee (PAC) has said in its report in the Lok Sabha.

The PAC, in its report tabled in the Lok Sabha on Wednesday, carried out a detailed examination based on the CAG report, which was laid on the table of the House on December 21, 2022.

Mankind Pharma promoters Sheetal Arora, Arjun Juneja, and Puja Juneja have decided to sell a combined 1.62 per cent equity shares in the company, according to an exchange disclosure released by the company. The company will sell the stake in the open market to comply with the requirements of minimum public shareholding (MPS) rules of the Securities and Exchange Board of India (Sebi).

The MPS rule requires all listed companies in India to ensure that at least 25 per cent of their equity shares are held by non-promoters or the public.

For the first time in more than two decades, Mexico last year surpassed China as the leading source of goods imported to the United States. The shift reflects the growing tensions between Washington and Beijing as well as US efforts to import from countries that are friendlier and closer to home.

Figures released Wednesday by the U.S. Commerce Department show that the value of goods imported to the United States from Mexico rose nearly 5% from 2022 to 2023, to more than $475 billion.

The rooftop solar programme, announced by the finance minister in the interim Budget, can be a "gamechanger" and the State Bank of India (SBI) looks at it as an opportunity for its home loan business, the bank's chairman Dinesh Khara said on Wednesday.

In a fireside chat with Tamal Bandyopadhyay, consulting editor of Business Standard, at the third edition of the India Mortgage Leadership Conclave in Mumbai, Khara said, "We look at it as an opportunity.

India is close to finalising a first-of-its-kind trade deal that could see a small group of European nations invest as much as $100 billion over 15 years in exchange for easier trade access to the world’s most populous nation, according to people with knowledge of the matter.

The European Free Trade Association, which comprises Switzerland, Norway, Iceland and Liechtenstein, made a commitment to invest in India as part of a trade pact that’s in the final stages of negotiations, the people said, asking not to be identified as the talks are still ongoing.

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