Prime Minister Narendra Modi on Saturday said even as India is now the fastest growing economy and ranks at the top in terms of favoured investment destination, reforms will continue to be pursued in the right earnest.

“My agenda for reform to transform is yet to be finished,” the prime minister told the “Advancing Asia” summit here co-hosted here by the International Monetary Fund (IMF) and the government of India. “Entrepreneurship is also booming, following a series of steps we have taken.”

Capital market regulator Securities and Exchange Board of India (Sebi) has provided in-principle not to BSE Ltd for an initial public offering (IPO).

BSE, the country's second-largest exchange in terms of volume, has written to market regulator Securities and Exchange Board of India (Sebi) seeking an approval for the IPO and to list its shares on a recognized stock exchange.

Amid a raging row at JNU, it has now emerged that its students' union president Kanhaiya Kumar, who is facing sedition charge, was fined by the varsity administration last year for allegedly misbehaving with a girl student and threatening her.

The incident had occurred on June 10, 2015, when the girl student asked Kanhaiya, who at the time was not the students union president, to not urinate in the open inside the campus.

After writing to Prime Minister Narendra Modi seeking his intervention in safeguarding their interest, employees of Vijay Mallya's now defunct Kingfisher Airlines are set to file a case in the Supreme Court in order to get their dues from the company.

The employees are in touch with senior lawyer MV Kini to put their case before the apex court and they have been assured by him that their case will be fought pro bono (for free), given their financial condition.

Finance Minister Arun Jaitley is addressing the boards of The Reserve Bank of India and Securities and Exchange Board of India today to discuss the feasability of introducing various financial sector reforms announced in the budget proposals for 2016-17.

The address of the finance minister comes in the backdrop of the government's announcement of meeting the current year's fiscal deficit target and sticking to the target of 3.5%.

Two BSF jawans were today killed while four others injured in a Naxal encounter in Chhattisgarh's Kanker district.

The encounter broke out early today between a Border Security Force patrol and armed Naxal cadres near the Chhotebethiya-Pakhanjore jungle axis of the Maoist violence- hit district, officials said.

Rating agency Moody’s said thin loss-absorbing buffers are a key weakness in State Bank of India’s credit profile, with a provision cover for bad loans of 65 per cent, much lower than similarly rated global peers and down from 69 per cent at end-March 2015.

SBI’s reported gross non-performing loans (NPLs) rose to 5.1 per cent of the total at end-December 2015 from 4.25 per cent in March, following the Reserve Bank of India’s asset quality review. And, is expected to be around six per cent for the year ending March 2016.

The Securities and Exchange Board of India (Sebi) has issued a letter to United Spirits Ltd (USL) seeking details on the severance deal between Vijay Mallya and London-based spirits firm Diageo.

"Sebi is examining intricacies of the deal and may summon officials from USL," said a source.

New Delhi: Ford India Pvt. Ltd on Friday said that it has cut prices of its best-selling model EcoSport by up to Rs.1.12 lakh.

The move is prompted by introduction of Maruti Suzuki India Ltd’s Vitara Brezza that will take on the EcoSport in the small sports utility vehicle segment.

Mumbai: Indian stock markets edged higher on Friday in a volatile session as energy companies such as Reliance Industries Ltd (RIL) rallied after the country simplified oil and gas licensing rules, while property developers gained after Parliament passed a real estate bill.

The S&P BSE Sensex closed 0.38%, or 94.65 points, higher at 24,717.99, while the Nifty closed 0.32%, or 24.05 points, higher at 7,510.20, after spending the day swinging between gains and losses as investors also booked profits in recent outperformers.

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