Close to a third of Punjab National Bank’s gross non-performing assets (NPAs) of Rs 34,338 crore have resulted from wilful defaults, the lender has said. Of this amount of Rs 10,869 crore, the top 10 wilful defaulters together owe the New Delhi-headquartered bank Rs 3,554 crore.

As at the end December last year, PNB had identified 904 companies as being wilful defaulters and filed cases against some of them. The number at the end of September 2015 was 764 companies and the value of unpaid loans then was Rs 9,204 crore.

Sector regulator Trai has put forth recommendations to the Department of Telecom (DoT) to allow electronic KYC of Aadhaar as one of the valid documents for getting a new mobile connection.

The Authority sent the recommendations around 15 days ago after taking on board the views of the Solicitor General and the Attorney General.

State-owned Coal India Ltd's (CIL) supply of coal to the power sector increased by 6.7% to 336 million tonnes during the first 10 months of the ongoing fiscal amid the government aiming to provide round the clock electricity.

The company, which accounts for over 80% of the domestic coal production had dispatched 314.84 million tonnes (MT) of the dry fuel in the April-January period of the previous fiscal, the official data showed.

TVS Motor company is expecting 16% market share in the two-wheeler segment next year, helped by robust sales of the newly-launched TVS Victor motorcycle.

The company, having 14% market share in the segment, is targeting to sell 25,000 units of TVS Victor per month this year. The motorcycle was relaunched in January after being discontinued in 2007.

From June 2016, Microsoft CEO Satya Nadella will be immortalised in textbooks of school students in Andhra Pradesh. A report in The Hindu states that the Andhra Pradesh government has revised Telugu non-detailed books from the sixth to the 10th standard and English textbooks from first to fifth standard.

Satya Nadella will be one among some of the new people featured in the new textbooks.

Tata Motors' Differential Voting Rights (DVR) has surged 7% to Rs 260 on the National Stock Exchange (NSE) in early morning trade after the stock along with three other companies would be added in the benchmark Nifty50 index with effect from April 1.

Aurobindo Pharma (up 3% at Rs 673), Bharti Infratel (3% at Rs 386) and Eicher Motors (1.5% at Rs 19,195) were gained more than 1% each in intra-day trade.

The 412 million shares, worth around Rs 5,000 crore, put on the block by the government in power utility NTPC have been fully subscribed.

The offer for sale (OFS) has so far seen (as of 11:45 am) 432 million bids — 1.3 times shares on offer. The indicative price, or the price at which most bids were received, was Rs 122.05 compared to the floor price of Rs 122 per share, data provided by the BSE showed.

Capital markets regulator Sebi has sought clarification from merchant bankers of four companies including Advanced Enzyme Technologies regarding their proposed initial public offerings.

KPR Agrochem, S P Apparels and Thyrocare Technologies are the other companies from which Sebi has sought information.

NEW DELHI: Billionaire Mukesh Ambani, owner of the world's largest refining complex, on Sunday said global oil prices are likely to remain low for 3-5 years, benefiting a net importing nation like India.

"As we see the situation (oil prices), it's low for long. And this is really the first time in the world that oil prices have gone down on incremental supply," he told CNN's Fareed Zakaria in an interview. Ambani, the richest Indian, said there have been spikes in oil prices in past. "But never has it (fallen) because there has been more supply than demand.

An arbitral tribunal consisting of Justice (Retd) Ajit Prakash, Justice Rekha Sharma and Justice SN Aggrawal on February 16 ruled in favour of real estate company DLF Commercial Developers Ltd in their dispute with the New Delhi Municipal Council (NDMC) over non-payment of monthly concession fee of Rs. 1 crore for the construction of a multiplex-cum-commercial facility at Yashwant Place in Chanakyapuri.

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