The Securities and Exchange Board of India (Sebi) has written to the Reserve Bank of India (RBI) to explore the possibility of mutual fund schemes being granted an ongoing window to meet liquidity needs.

Such windows have previously been made available to mutual funds during times when the industry has faced a severe cash crunch. The stock market regulator has invited the central bank's feedback on whether such a repo window can be used to provide stability on an ongoing basis in addition to in times of such crises.

In the early 1990s, the darling at Lyons Range, where the Calcutta Stock Exchange was located, was Hindustan Motors, or just Motor as the brokers called it. In the bourse where 3,400 companies were listed, Motor traded at around Rs 150. Old timers at the exchange recall the buzz surrounding the stock. Today, just a decade and a half since, the stories of both the stock exchange and Hindustan Motors are headed for an ignominious end.

In his maiden Parliament speech, Prime Minister Narendra Modi on Wednesday said the social and economic development of minority communities did not amount to appeasing them but would be an element in restoring India's place in the world. He was replying to the 'motion of thanks' to the President's speech outlining the Bharatiya Janata Party (BJP) -led government's road map.

New Delhi: Tata Motors-owned Jaguar Land Rover on Wednesday reported a 20% increase in global sales to 38,831 units in May.

The Jaguar brand sold 6,450 units, up 4%, while the Land Rover sold 32,381 units, a growth of 23%, the company said in a statement.

Mumbai: The 30-share bellwether BSE Sensex on Thursday was trading flat tracking weak cues from Asian equity markets.

At 09.17am, the Sensex was trading lower by 0.03%, or 8.09 points, at 25,481.98 points, while the National Stock Exchange’s (NSE’s) broader 50-share Nifty was trading down 0.03%, or 2.45 points, at 7,624.40 points.

Mumbai: R eliance Jio Infocomm Ltd, the telecom unit of Mukesh Ambani’s Reliance Industries Ltd (RIL), is setting up 14 data centres across India to create a cloud-computing infrastructure that can take advantage of, and complement, its long-delayed roll-out of fourth generation, or 4G, telecom services, finally expected this year.

The cloud-based services, three company executives familiar with the plan said, will span healthcare, education and entertainment, and build synergies with the home shopping and content businesses of Network18 Media & Investments Ltd, in which RIL is acquiring a majority stake.

Infosys has opened higher by nearly 3% at Rs 3,280 on the NSE after the board has appointed former SAP executive Vishal Sikka as the Chief Executive Officer and Managing Director (CEO & MD) of the company. Sikka will take over from August 1, 2014.

The board of directors of the company has also elevated U B Pravin Rao, president and whole-time director, as the Chief Operating Officer, with effect from June 14, 2014, Infosys said in a statement.

Shares of India's Kotak Mahindra Bank Ltd up as much as 3 percent after Deutsche Bank upgrades the stock to "buy" from "hold" and increases the price target to 1,080 rupees from 770 rupees. High operating leverage in banking, broking and other sectors is driving strong earnings, while investments in its distribution network is resulting in sustained growth, Deutsche said in a note.

India's exports rose 12.4 per cent in May over the previous year - the sharpest rise in 6 months - helped by a weaker rupee, government data showed on Wednesday.

Exports in May reached $28 billion, data released by the Ministry of Commerce and Industry showed.

New Delhi: Taking its cue from Rajasthan, as it were, the Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) government has initiated action on the sensitive subject of labour law reforms. To begin with, the labour ministry has sought suggestions from all stakeholders, including industries, trade unions and experts, on its proposal to amend the 66-year-old Factories Act.

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