In a humiliation 12 days before retirement, Central Bureau of Investigation (CBI) Director Ranjit Sinha was on Thursday removed by the Supreme Court from the telecom scam cases, saying the allegations against him of protecting some accused appear to be prima facie credible.

Prima facie, the allegations made in the application (by non-governmental organisation Centre for Public Interest Litigation against Sinha of scuttling a probe) are credible and required to be accepted, the court said.

A doctor in Mali died of Ebola after treating an imam who succumbed to the disease, taking the total toll in the west African country up to seven, health authorities have said.

The World Health Organisation said the virus was 'almost certainly re-introduced into Mali by a 70-year-old Grand Imam from Guinea, who was admitted to Bamako's Pasteur clinic on 25 October and died on 27 October'.

Kotak Mahindra Bank has surged 7% to Rs 1,242, extending its previous day’s 7% rally on National Stock Exchange (NSE), after the Kotak Mahindra Bank announced it was acquiring ING Vysya Bank in an all-stock deal.

ING Vysya Bank shareholders will get 725 Kotak Mahindra Bank shares for every 1,000 shares they hold.

Benchmark indices are likely to open lower tracking the weakness in select Asian markets which remain subdued despite sharp overnight gains on Wall Street.

At 8:35AM, the early indicator SGX Nifty was down 3 points at 8,420.

Shares of Yes Bank is trading higher by 4% at Rs 700 on NSE after the Reserve Bank of India (RBI) said foreign institutional investors (FIIs) can buy equity shares in private lender as shareholding by foreign investors has gone below the prescribed limit.

On November 20, the RBI notified that it has removed Yes Bank from its caution list as the aggregate share holdings in bank by Foreign Institutional Investors (FII)/Registered Foreign Portfolios Investors (RFPI)/Non-Resident Indians (NRI)/Persons of Indian Origin (PIO) and through American Depository Receipts (ADR)/Global Depository Receipts (GDR)/Foreign Direct Investment (FDI) have gone below the prescribed threshold caution limit stipulated under the extant FDI policy.

CHENNAI: Nearly two months after her conviction and sentencing in the wealth case, AIADMK chief J Jayalalithaa is back in action with a series of measures to restructure the party and strengthen it in the run-up to the 2016 assembly election. The move is also aimed at reinforcing her position within the party despite the legal setback and meant to convey to the rank and file that she is still at the helm.

Real estate company DLF has moved the Supreme Court seeking exemption from paying the balance amount of R580 crore from the R630-crore penalty imposed by competition watchdog CCI for abusing its dominant market position with regard to a residential society in Gurgaon. Instead, it wants to offer land worth R580 crore as security for the balance amount.

The abrupt exit of Infosys BPO chief executive officer (CEO) and chief financial officer (CFO) has raised further questions on the procedures and financial controls at India’s second-largest IT services exporter, according to an anonymous e-mail sent to media houses here. The e-mail claims that the issue relating to over-billing of Infosys BPO customer — Apple — over a period of 18 months had the oversight of the top management.

Shares of ING Vysya Bank and Kotak Mahindra Bank have rallied by up to 6% in early trade on BSE on reports that Kotak Mahindra Bank in final stages to buy the bank.

The BSE said that the Exchange has sought clarification from Kotak Mahindra Bank Ltd with respect to the media report appearing on ETNOW on November 19, 2014 titled "Kotak Bank may merge ING VYSYA with itself in the ratio 2:2.5, deal likely to close within one month.”

Shares of State Bank of India (SBI) is trading higher by 1% at Rs 294 in early trade on the National Stock Exchange (NSE) after the stock turned ex-stock split today.

The stock opened at Rs 295 and touched a low of Rs 291 so far. A combined around one million shares changed hands till 0917 hours on NSE and BSE.

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