New Delhi: Markets regulator Sebi on Thursday asked all listed banks to make disclosures about any divergence in provisioning of bad loans beyond specified threshold within 24 hours of receiving a risk assessment report from the Reserve Bank.

The decision has been take in consultation with the Reserve Bank of India (RBI), the Securities and Exchange Board of India (Sebi) said in a circular.

Mumbai: At a time when consumption demand in India has been hit hard, renewed focus on small towns such as Sikar in Haryana and Gulbarga in Karnataka is helping billionaire Mukesh Ambani’s Reliance Industries Ltd clock higher revenues in its retail businesses.

NEW DELHI : The Competition Commission of India (CCI) has approved a proposed $300 million investment by Hyundai Motor Company (HMC) and Kia Motors Corporations (KMC) for stake acquisition in ANI Technologies, which operates ride-sharing company Ola and Ola Electric, under the Competition Act, 2002.

Vodafone idea, which is reeling under $14-billion net debt, mounting losses and dwindling subscribers, has approached creditors for better payment terms to revive the company, people with direct knowledge of the matter said.

Vodafone Idea, formed by last year’s merger of the British telecom firm’s local unit with Idea Cellular, has warned lenders that it won’t be able to honour its commitments for long under current conditions, the people said, asking not to be named as the discussions are private.

Taking the Cellular Operators Association of India (COAI) head on for writing to telecom minister Ravi Shankar Prasad, late on Tuesday evening, urging his urgent intervention to avert a crisis in the telecom sector, Reliance Jio on Wednesday wrote a scathing letter to the director-general of the industry body. Lambasting the DG, Rajan Mathews, for the undue haste in issuing the letter without waiting for its view, Jio also said that the move was a serious breach of trust on COAI’s part.

The stock prices of Indian multinational Infosys fell by 16% on Tuesday, following an anonymous letter by whistleblowers accusing Chief Executive Officer (CEO) Salil Parekh and Chief Financial Officer (CFO) Nilanjan Roy of indulging in unethical practices to boost revenue and profits in recent quarters.

Market benchmark Sensex on Tuesday gained almost 582 points to close at 39,831.84 while the broader NSE Nifty settled at 11,786.85 after surging 159.70 points.

The 30-share Sensex rose over 666 points before settling at 581.64, or 1.48% higher at 39,831.84. It hit an intra-day high of 39,917.01 and a low of 39,254.12.

Private lender YES Bank is slated to report its September quarter earnings for FY20 (Q2FY20) on Friday, November 1 amid expectations of a loss up to Rs 1,907.3 crore due to exposure to bankrupt companies like DHFL, McLeod Russel, and Cox & Kings.

The lender reported a profit of Rs 113.8 crore in the June quarter of FY20 (Q1FY20), and that of Rs 964.7 crore in Q2FY19. The net interest income (NII) came in at Rs 2,280.9 in the June quarter of the current fiscal, which was Rs 2,417.6 in Q2FY19.

Cognizant Technology Solutions Corp , one of Facebook Inc's content review contractors, said on Wednesday it would shut some content moderation business, including those focusing on identifying objectionable content, resulting in about 6,000 job cuts.

The information technology services provider will also eliminate up to 7,000 jobs in its other units to invest in growth areas such as cloud and internet of things to cushion the impact from a decline in spending by its financial customers.

Ramco Cements, the fifth largest cement producer in India, said on Wednesday its consolidated revenue in the second quarter of current financial year moved up to Rs 1,332 crore from Rs 1,196 crore in the corresponding period of last year.

The profit after tax too moved up to Rs 172 crore from Rs 120 crore despite finance costs going up to Rs 15 crore from Rs 13 crore in the same period. Earnings before interest, tax, depreciation and amortisation (EBITDA) increased to Rs 308 crore in Q2 FY20 from Rs 259 crore in Q2 FY19.

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