DLF Thursday deposited Rs.100 crore with the Supreme Court registry - a part of Rs.630 crore penalty imposed on it by the Competition Commission of India for alleged one-sided contracts for flat buyers in Gurgaon.

Senior counsel Harish Salve, while seeking adjournment of the hearing till Friday, told the apex court bench headed by Justice Anil R. Dave that to establish their bonafide, they are depositing Rs.100 crore with the apex court registry.

Australian cricketer Phillip Hughes passed away on Thursday as he succumbed to injuries that he had suffered when struck by a bouncer at Sydney Cricket Ground on Tuesday.

The 25-year-old South Australian batsman, who was pushing for a Test recall against India in Brisbane next week, was knocked out after the ball made impact under his helmet, behind his left ear.

The government's disinvestment plans have put Coal India Ltd (CIL) and Oil and Natural Gas Corporation (ONGC), among others, in the spotlight. The Centre is expected to sell 10 per cent of its stake in CIL and five per cent in ONGC in the near term. This could, however, be in multiple tranches. The sales are estimated to fetch about Rs 15,750 crore and Rs 11,500 crore, respectively. While the stake sale might help the government garner the funds required to keep its fiscal deficit under control, in the interim, the news could weigh on the share prices of the two companies. Analysts believe any correction will be a good opportunity to enter these stocks, given the strong long-term prospects of the two companies.

CIL, which saw a rally on hopes of reforms, touching an all-time high of Rs 423.85 in June, is now being traded at Rs 349.5. Factors such as lower e-auction volumes, lower volume ramp-up and the stake-sale overhang have led to the decline. These concerns could keep the stock under pressure in the coming days, too. While the government has been able to end the strike called by workers opposing the disinvestment, one will have to be watchful till the stake sale is completed.

Several firms listed on the Delhi Stock Exchange (DSE) and thousands of investors in these have been caught off-guard by the Securities and Exchange Board of India (Sebi) move to withdraw its recognition. Many of these firms, which had initiated the process of migrating to other bourses such as the BSE, are now in no-man’s land for no fault of theirs, say company executives and merchant bankers. Corporate actions planned by DSE-listed companies such as open offers have been suspended.

Last week, Sebi withdrew its recognition, citing irregularities in DSE’s demutualisation programme seven years ago. Of 2,500 companies listed on DSE, about 1,700 are not listed on any other bourse, leaving investors in these stranded. Some prominent companies listed on DSE are Delhi Flour Mills, the makers of Shakti Bhog atta, Bajaj Electricals and Bajaj Leasing & Finance. The Birla Cotton and Weaving Mills, belonging to the KK Birla family and industrial refrigeration entity Frick India are others.

According to a United Nations report, global population on the internet has crossed a three billion mark.

The annual report has been compiled by the International Telecommunications Union (ITU), the branch of the UN that is tasked with looking at computer and telecommunications use, reported the Independent. The reports looks at the world's most connected countries as well as the fast spread of internet use across the globe.

Markets rebounded from their day's lows in late noon trades following a recovery in select financials and capital goods shares while FMCG major ITC continues to lead gains.

At 2:15PM, the 30-share Sensex was up 70 points at 28,407 and the 50-share Nifty was up 19 points at 8,482.

Prime Minister Narendra Modi today said India will give business visas for 3-5 years to SAARC countries and called for making procedures simple and facilities better.

"India will now give business visa for 3-5 years for SAARC countries," Modi said at the two-day SAARC summit that began Wednesday.

Ballot triumphed over the bullet on Tuesday when people defied separatists and militants and came in large numbers to exercise their franchise in the first phase of polling in 15 constituencies spread over seven districts of Jammu and Kashmir.

Nearly 70% voters cast votes on Tuesday with Sonawari constituency recording the highest turnout of 80%. The huge turnout broke the 2008 record when Sonawari constituency polled 59.64% of votes.

Even six years after the 26/11 terrorist attack, in which 10 Pakistani terrorists from the Lashkar-e-Taiba (LeT) killed 164 people and injured over 250, the city's coastline is still far from secure.

A few days ago, the Mumbai police carried out a security drill codenamed Operation Sagar Kavach. Its objective was to assess how equipped they were to handle a 26/11-type attempt.

Capital market regulator Securities and Exchange Board of India (SEBI) is concerned with rampant 'dabba trading' and has assured strong action to address the issue, said, U K Sinha, chairman, SEBI here on Tuesday. He said this on the sidelines of conference for SME funding in Rajkot.

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