The promoter group family of Apollo Hospitals Enterprise Ltd (AHEL) will be issuing five million shares through secondary placement to raise around $101 million (Rs 720 crore).

The aim is to reduce the promoters' pledged shares in the company. The deal, for which Citi Group is acting as placement agent and building the book (the term for getting enough investors to buy into a new share issue), is expected to happen in a day or two.

State-run power giant NTPC has been allocated Badam coal block in Jharkhand by Ministry of Coal following the acquisition of Barauni thermal plant, an official said.

"The Ministry of Coal has transferred the Badam coal block, located in Jharkhand, to the NTPC Ltd, on September 2, 2019," a senior company official said. The Badam coal block was earlier allocated to Bihar State Power Generation Company Ltd (BSPGCL).

Markets regulator Sebi has levied a fine of Rs 6 lakh on sub-broker SRU Securities for indulging in manipulative trading in the shares of Cerebra Integrated Technologies.

The order follows an investigation conducted by the Securities and Exchange Board of India (Sebi) between December 2014 and January 2016.

Passengers travelling by the Indian Railway Catering and Tourism Corporation (IRCTC) operated Delhi-Lucknow and Mumbai-Ahmedabad Tejas Express trains can now enjoy facilities including hotel bookings, taxi services and baggage pick-and-drop among others. Apart from this, IRCTC would also provide wheelchair facility to the sick and needy people, Railway Board Chairman V K Yadav said. "The IRCTC has come up with so many things.

While central government employees wait for the announcement of DA hike as per the seventh pay commission recommendations for the second-half of the fiscal year, the state government employees of Himachal Pradesh will get increased DA of 4% from October 2019.

Azim Premji and other promoter group entities sold about 22.46 crore shares worth over Rs 7,300 crore during the Wipro buyback offer that closed last month.

In a regulatory filing on Wednesday, Wipro said it had bought back 32.3 crore equity shares under the buyback scheme at Rs 325 apiece, and the total amount utilised was about Rs 10,499.99 crore.

The Oil and Natural Gas Corporation (ONGC) on Wednesday announced it will invest more than Rs 13,000 crore in exploring oil and gas by drilling over 220 wells across Assam in the next five years.

The company said in a statement that it has signed an MoU with the Assam government for enhancing its exploration and production activities in the state.

Tata Motors on Wednesday reported a 32 per cent decline in global sales, including that of Jaguar Land Rover, to 72,464 units in August.

It had sold 1,07,030 units in August last year.

Mumbai: The rupee opened on a cautious note and fell 13 paise to 71.84 against the US dollar in early trade on Wednesday amid rising crude oil prices and unabated foreign fund outflows.

At the Interbank Foreign Exchange, the rupee opened at 71.82 then fell to 71.84 against the US dollar, showing a decline of 13 paise over its previous closing. The Indian rupee on Monday had closed at 71.71 against the US dollar.

Mumbai: Indian stock markets rose in early trade on Wednesday tracking gains in Asian equities. At 11.25 am, benchmark Sensex gained 0.4% at 37288.64 points and Nifty was up 0.4% at 11045.20 points.

The S&P BSE Mid-Cap index was up 0.71%. The S&P BSE Small-Cap index was up 1.04%. Both these indices outperformed the Sensex.

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