The Securities and Exchange Board of India (Sebi) board meeting on Friday amended the regulations for infrastructure investment trusts (InvITs) and real estate investment trusts (REITs) to facilitate their growth and allowed foreign portfolio investors (FPIs) to directly trade in debt markets.

The regulator also discussed floating a consultation paper on corporate governance issues in compensation agreements such as non-compete fees at the board meeting held at the new National Institute of Securities Market campus in Navi Mumbai.

Prime Minister Narendra Modi is likely to send a strong message to Pakistan from Kozikokde where the BJP National Council's meeting begins on Friday.

The three-day conclave will start with a meeting of party office bearers and state presidents to finalise the resolutions to be passed by the National Council.

Amazon.in will flag off its 'Great Indian Festival' sale from October 1, a day ahead of rivals Flipkart and Snapdeal.

"These marathon 120 hours of the event mark our continuing commitment to work closely with our partners and together bring the biggest sale yet for our customers, with the best ever shopping experience powered by Prime," Amazon India VP and Country Head Amit Agarwal said.

Mumbai: The Indian rupee on Friday was trading little changed against the US dollar, tracking the flat local equity markets.

At 2pm, the home currency was trading at 66.69 per dollar, down 0.03% from its previous close of 66.67. The rupee opened at 66.70 per dollar and touched a high and low of 66.62 and 66.73, respectively.

Mumbai: ICICI Bank Ltd will continue to bring back capital from its overseas subsidiaries as its international business stagnates, a top executive has said.

According to N.S. Kannan, an executive director at India’s second largest private sector lender, business at its wholly-owned subsidiaries has not been growing because Indian companies are not enthusiastically going abroad and seeking to acquire capacities. This means they don’t require much funding from the bank’s international offices.

The country’s largest carmaker Maruti Suzuki India today announced crossing the milestone of 15 lakh vehicles in its cumulative exports.

“These vehicles have been exported to over 100 countries including Europe, Latin America and Africa. Early this year, the company’s premium hatchback Baleno, manufactured exclusively in India, became the first car to be exported from India to Japan,” the company said in a statement.

The benchmark BSE Sensex opened in the red, down from the over two-week high it hit on Thursday.

The 30-share Sensex was trading at 28,759.51, down 13.62 or 0.05% lower from Thusday's close of 28,773.13.

State-run Bharat Petroleum Corporation Ltd (BPCL) plans an initial public offering (IPO) for its Bina refinery joint venture (JV) company in the next financial year, top company official said.

The company also plans to start full operations of its expanded Kochi refinery project in the fourth quarter of the current financial year.

Rerouting of production, decline in some foreign markets and change of strategy have led to a fall in the share of the top passenger vehicle (PV) exporters of the country.

The share of Hyundai, Maruti Suzuki and Nissan, the top three carmakers who control 86 per cent of PV exports, have collectively seen their share fall by a third to 53 per cent during the last three years.

As it looks to take on private mobile operators, including Reliance Jio, in the 4G services market, state-run Bharat Sanchar Nigam (BSNL) plans to secure 5 MHz spectrum in the premium 700-MHz band across the country.

The operator has already written to the government, expressing its interest in the 700-MHz band and may require financial support for the same. “We have to buy 700-MHz because we don’t have other options,” said Anupam Shrivastava, chairman and managing director, BSNL.

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