Volatility ruled early session as the Sensex fell almost 110 points today after yesterday’s modest recovery, dragged down by infrastructure, PSU and capital goods stocks.

All eyes are on the release of a key US jobs report later in the day, which made investors wait and watch.

NEW DELHI: India's largest real estate developer DLF has shortlisted six potential buyers for 40% stake of the promoters in its rental arm DLF Cyber City Developers Limited that is expected to sell for about Rs 13,000 crore, two people aware of the development said.

The company had invited expressions of interest and received 11offers over the past few weeks.

Mumbai: Indian Oil Corporation Ltd (IOC), Oil India Ltd and Bharat PetroResources Ltd (BPRL), a unit of Bharat Petroleum Corporation Ltd (BPCL), are together looking to raise $2 billion in debt to fund their purchase of stakes in two Russian fields, Vankorneft and Tass-Yuryakh, said four people aware of the development.

The Union Cabinet approved a scheme for BSNL employees which will ensure parity in pension between the serving and the retired staff.

“This decision will benefit over 1.18 lakh pensioners across India,” said Telecom and IT Minister Ravi Shankar Prasad on Tuesday following the Cabinet Meeting which approved pension revision for the public sector firm’s staff who retired prior to June 10, 2013.

Idea expects sufficient supply of spectrum to allow it to augment its holding when required. As regards the entry of RJio, Idea maintained that there is sufficient room for a fourth player, especially given the contraction in share of the peripheral operators.

Idea is expected to roll out a slew of digital content services to compete with the offerings of Bharti

SBI Capital Markets (SBI Caps) has sought proposals from chartered accountant firms to provide independent valuation and the swap ratio for the merger of State Bank of India (SBI)’s subsidiaries and Bharatiya Mahila Bank (BMB) with the parent bank.

According to a request for proposal, swap ratios have been sought for the listed subsidiaries – State Bank of Bikaner & Jaipur (SBBJ), State Bank of Mysore (SBM) and State Bank of Travancore (SBT) along with BMB.

MUMBAI: A consortium of 11 lenders led by Bank of Baroda has filed a complaint with the Economic Offences Wing against C Mahendra Exports for defrauding them by selling assets mortgaged with the banks. Collectively, the banks have an exposure of Rs 1,300 crore, including principle and penal interest, with the firm that manufactures and exports large diamonds.

NEW DELHI: Maruti Suzuki India today said its mid-sized sedan, Ciaz, has crossed the one lakh cumulative sales mark in the domestic market in June, nearly two years after its launch.

Launched in October 2014, Ciaz sold a total of 1,00,272 units till June 2016, Maruti Suzuki India (MSI) said in a statement.

Soon after filling up its coffers by offloading the shares of its subsidiaries, Coal India is set to make the government richer.

The state-owned mining major has decided to go for buyback of its shares and a meeting of the Board of directors has been convened on July 11 to take a final call, Coal India said on Tuesday.

Indian equity, debt and commodity markets are closed today on account of Id-Ul-Fitr (Ramzan Id).

On Tuesday, benchmark share indices snapped their six-day winning as investors booked profits tracking weakness in global stocks while degrowth in services PMI data also dampened sentiment.

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