NEW DELHI : The NHAI, which is eying an estimated ₹4,995 crore from monetisation of third bundle of highway assets, has extended the deadline for receiving bids by a month on demand from investors, its Chairman NN Sinha said on Friday.

It plans to monetise nine highway stretches totalling 566.27 km in Uttar Pradesh, Bihar, Jharkhand and Tamil Nadu in the third tranche under toll operate and transfer (TOT) model.

Facebook has come forward to put direct equity in technology start-ups in India. Not to be left behind, Twitter co-founder Christopher Isaac Biz Stone too has promised to “get involved”.

It was at the opening function of Huddle Kerala-2019, billed as “Asia’s largest tech start-up congregation”, in Kovalam on Friday that the top brass of the two social media giants made this commitment to Indian start-up eco-system.

The Reserve Bank of India's (RBI) decision to suspend Punjab and Maharashtra Co-operative (PMC) Bank's banking activities for six months was taken in haste and has led to the bank's paralysis, a top executive said on Friday. Ruling out fraud and terming the whole issue as "technical in nature", PMC Bank's suspended managing director K Joy Thomas blamed RBI for creating a panic situation among the bank's depositors.

After passing on benefits to buyers on select car models following the government's corporate tax reduction by reducing Rs 5,000 on ex-showroom price, Maruti Suzuki has now slashed the ex-showroom price of Baleno RS by Rs 100,000.

Following this massive reduction in Baleno RS cost, its ex-showroom price now stands at Rs 7.88 lakh.

Finance Minister Nirmala Sitharaman on Friday asked the ministries and the government departments to clear all the overdue payments to MSMEs and all those who have supplied goods and services to them.

“No overdue payment should be with any ministry… My intention is to make sure that the government does not sit on the payments that are due.

Pakistan Prime Minister Imran Khan warned on Friday there would be a bloodbath once India lifts its curfew in disputed Kashmir and that any all-out conflict between the two nuclear-armed nations would reverberate far beyond their borders.

Khan made the remarks in an impassioned speech to the annual United Nations General Assembly after India last month removed the decades-old autonomy in the part of Kashmir it controls and detained thousands of people.

Bitcoin extended its five-day losing streak on Thursday and dropped below $8,000 for the first time since June as a growing list of concerns weighed on crypto assets.

Bitcoin fell as much as 9% to $7,736 in New York, according to Bloomberg composite pricing, before bouncing off the lows of the day.

The Securities Appellate Tribunal (SAT) on Thursday dismissed an application by ITC in relation to Hotel Leelaventure’s assets sale to Brookfield.

The tobacco-to-hotel conglomerate’s plea had challenged a July 2019 order by the Securities and Exchange Board of India. The order had rejected ITC’s contention that the proposed asset sale to Brookfield qualified as a related-party transaction, except in respect to proposed transfer of ‘Jamavar’ trademark to Brookfield.

The capex intensity of the telecom sector is expected to decline by around 30-35% in FY 2020 to around Rs 65,000 crore as the industry has achieved a sizeable penetration of 4G and peak cycle of capex is over, ratings agency Icra has said.

The capex intensity is expected to witness moderation till the time there is a technology upgrade to 5G.

Ashok Leyland (ALL) has decided to have more production holidays in view of the continuing slump in the auto sector. With no relief in sight, including the CV industry, at the recently concluded GST Council meet in Goa coupled with no sign of early revival in the demand, the CV major on Thursday announced 5 more non-working days at its mother plant in Ennore, Chennai.

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