Bharti Airtel is set to utilise a portion of its remaining rights issue proceeds to prepay a major part of its balance dues on the spectrum acquired in the 2015 auction, according to a report by The Economic Times (ET). This may have triggered Bharti Telecom (BTL), which owns 38.75 per cent stake in Airtel, to raise around Rs 8,000 crore (under $1 billion) through non-convertible debentures NCDs.

The NCDs will reportedly be raised in three tranches of Rs 2,000 crore, Rs 3,000 crore, and Rs 3,000 crore with two, three, and five-year maturities.

As of the end of November, 97.26 per cent of the Rs 2000 banknote have been returned to the Reserve Bank of India (RBI), according to a notice released by the regulator on Friday. The RBI also announced that the circulation amount of the note had declined from Rs 3.56 trillion in May to Rs 9,760 crore at the end of November.

At the end of October, the RBI had revealed that 97 per cent of the Rs 2000 denomination banknotes had been returned to the regulator.

Shares of ITD Cementation India surged 13 per cent on the BSE to hit a new high of Rs 305 in Friday’s intra-day trade on the back of heavy volumes after the company won new orders worth of Rs 1,001 crore.

The stock of the civil construction company has zoomed 54 per cent in past one month.

Today, the average trading volumes on the counter more than doubled with a combined 3.8 million equity shares having changed hands on the NSE and BSE.

The government has lowered the windfall tax on crude petroleum by Rs 1,300 to Rs 5,000 per tonne. The levy on jet fuel (ATF) has also been reduced to Rs 1.06 lakh per kilo litre (kL) from Rs 1.11 lakh/kL, according to media reports.

The Centre had earlier reduced the windfall tax on diesel and crude oil on November 16. The windfall tax on crude oil had been slashed to Rs 6,300 ($75.70) per tonne from Rs 9,800 a tonne, while for diesel, it was halved to Rs 1 per litre from Rs 2 per litre. The levy on the export of jet fuel and petrol was kept unchanged at zero.

The JSW group and SAIC Motor of China on Thursday signed a strategic joint venture (JV), with the Sajjan Jindal-led conglomerate holding a 35 per cent stake in the new entity. This marks the JSW group’s foray into the automobile sector -- a long-cherished dream of the 63-year-old billionaire.

A subsidiary of SAIC Motor, MG Motor India currently sells the MG Hector and Astor models of SUVs and the ZS and Comet models of electric vehicles.

Most exit polls on Thursday predicted a photo finish in Rajasthan, with a couple of them suggesting that the Congress could be on the cusp of breaking a quarter-century trend of the state’s electorate throwing out the party in power, and that the party was ahead of the ruling Bharat Rashtra Samithi (BRS) in Telangana and set to return to power in Chhattisgarh.

The surprise, according to at least two exit polls, could be Madhya Pradesh (MP) where the Bharatiya Janata Party (BJP) might secure a historic landslide and the Zoram People’s Movement, contesting its first Assembly elections, likely to cross the majority mark in Mizoram.

Gandhar Oil Refinery (India) has made a robust stock market debut, with shares listed at Rs 298, a 76 per cent premium over its issue price of Rs 169 per share on the National Stock Exchange (NSE) on Thursday. The stock of lubricants company started trade at Rs 295.40 on the bourses.

Post listing, the stock price of the company more-than-doubled or zoomed 104 per cent to Rs 344.60 on the BSE. At 10:02 AM; it was quoting at Rs 328.85, a 95 per cent premium over its issue price. In comparison, the S&P BSE Sensex was down 0.33 per cent at 66,684.

Prime Minister Narendra Modi Thursday urged the people of Telangana to vote in record numbers in the assembly polls and strengthen the festival of democracy.

Polling is underway to elect 119 members of the Telangana Legislative Assembly, with voters queuing up to exercise their franchise amid tight security on Thursday.

The automotive engineering service provider Tata Technologies made its stock market debut with a bang on Thursday, far exceeding expectations on Dalal Street.

The stock listed at Rs 1,200, more than doubling investors' money. This was a premium of 140 per cent over the issue price of Rs 500. Just prior to its debut, the share was commanding a premium of 86 per cent or Rs 430 in the grey market. The share extended the rally and touched an intra-day high of Rs 1,400, up 180 per cent over the issue price.

The price of 24-carat gold jumped Rs 820 during early trade on Monday, with ten grams of the precious metal selling for Rs 63,380, according to the GoodReturns website. The price of silver rose Rs 700, with one kilogram of the precious metal selling at Rs 79,200.

The price of 22-carat gold climbed Rs 750, with the yellow metal selling at Rs 58,100.

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