A Delhi court on Tuesday convicted Uber cab driver Shiv Kumar Yadav for raping a 25-year- old woman executive in his taxi last year in Delhi.

Court convicted driver for offences of endangering woman's life while raping her, abducting and criminally intimidating.

Boosted by a rally in stocks, the total market valuation of listed companies at the BSE regained the Rs 100 lakh-crore mark on Monday. The total market capitalisation (m-cap) of BSE-listed companies stood at Rs 1,00,36,165 crore at the end of trade on Monday. Investor wealth of BSE-listed firms, measured by market capitalisation, had crashed below Rs 100 lakh crore on August 24, when the Sensex plunged by 1,624.51 points. The benchmark BSE Sensex on Monday soared 150.32 points to settle at 27,364.92, continuing its winning spree for the third straight session. The index has now gained over 585 points in the past three sessions.

"Markets started the week on a positive note on the back of strong quarterly corporate earnings, mainly led by index heavyweight Reliance Industries," said Gaurav Jain, Director, Hem Securities.

ICICI Bank, India’s largest private sector lender, has outpaced its peers to record the highest number of mobile banking transactions. According to the Reserve Bank of India (RBI) data, the lender recorded transactions worth Rs 6,885.36 crore in July, higher than any other bank.

In June, too, ICICI Bank had recorded the highest amount of transactions through mobile at Rs 6,160.18 crore.

Indian Oil Corporation (IOC), the nation’s largest fuel retailer, is busy executing a dozen-odd projects at an investment of around Rs 12,000 crore to expand its network of crude oil and products pipeline by 54 per cent to 17,000 km by 2019. This is part of a larger expansion plan involving Rs 1.75 lakh crore that is in the works.

“When commissioned, the projects would increase our transportation network from the existing 11,200 km by an additional 6,000 km by the end of FY19. The projects are primarily meant at transportation of large volumes, while the last-mile connectivity to depots would be ensured through roads,” Anish Aggarwal, director (pipelines), IOC, told Business Standard.

Mumbai: PNB Housing Finance Ltd, the housing finance subsidiary of state-owned Punjab National Bank (PNB), has initiated discussions with investment banks for an initial public offering (IPO) that could see the company raise approximately Rs.2,500 crore ($385 million) from the primary market, according to two people aware of the development.

“The firm has been meeting up with banks over the last couple of months and has requested for proposals from investment banks,” said the first person mentioned above, requesting anonymity as he is not authorized to speak to the media.

Tata Motors was trading lower by over 2% at Rs 377 on the BSE on profit booking after the stock rallied nearly 30% thus far in October.

The stock had outperformed the market by surging 29% during the current month as compared to 4% rise in the Sensex till yesterday on improved outlook for sales of its Jaguar Land Rover (JLR), its luxury vehicle business.

Mahindra and Mahindra's (M&M) agri business division has forayed into branded pulses space with NuPro brand.

The company today launched the NuPro Tur dal in Mumbai and said it will soon expand its footprint in other pulses and related value added products like besan in nearby areas like Pune and Nashik.

Infosys, India’s second largest IT services company, on Monday said that it has signed a definite agreement to acquire Noah Consulting, a provider of advanced information management consulting services for the oil and gas industry.

The acquisition was an all-cash deal, with an aggregate purchase consideration of $70 million (around Rs 454 crore), the company said.

HYDERABAD: In a relief to cash strapped infrastructure developer Lanco Infratech, the Supreme Court on Friday directed the erstwhile Andhra Pradesh power utilities to refund about Rs 175 crore of minimum alternate tax (MAT) collected from Lanco Kondapalli Power (LKPL) from 2001.

Confirming the court's orders upholding orders passed by the Appellate Tribunal for Electricity (APTEL), a senior Lanco Kondapally executive said the issue involved reimbursement of MAT from 2001 to 2012.

Rampant abuse of formal banking channels to illegally remit large sums of foreign exchange outside India is not just limited to Bank of Baroda (BoB) forex scam. The perpetrators have been using the banking channel for the past one-and-a-half year and the amount is well over Rs 50,000 crore, investigating officers from Enforcement Directorate (ED) told dna. According to the ED sleuths, banks are reluctant to lodge First Information Reports (FIRs) on the ground that the money laundering has not caused any loss to them.

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