The Securities Appellate Tribunal (SAT) on Wednesday stayed Sebi rulings that directed the National Stock Exchange to disgorge profits of over Rs 625 crore in the co-location case.

However, the tribunal directed the bourse to deposit Rs 625 crore with Sebi in two weeks. The exchange would have to continue to deposit revenues from the co-location facility to an escrow account.

The rupee appreciated by 26 paise to 69.40 against the US dollar in opening trade Thursday, as counting of votes for the seven-phase Lok Sabha elections began across the country.

The counting exercise is on in over 4,000 counting centres. Most of the exit polls have predicted that the BJP-led National Democratic Alliance (NDA) is on course to retain power for a second term.

New Delhi: Hulst BV has acquired additional 98,100 shares of NIIT Technologies from the open market, taking its shareholding in the mid-sized Indian IT firm to 32.04 per cent, a regulatory filing said on Thursday.

On Wednesday, Hulst BV had acquired 1.23 lakh shares of NIIT Technologies taking its shareholding in the company to 31.88 per cent.

Mumbai: The benchmark BSE Sensex hit the 40,000 mark for the first time ever and NSE Nifty breached the 12,000 level in morning trade, as early trends suggested a huge majority for the ruling NDA.

According to traders, investor sentiment was boosted by initial trends that suggested a win for the ruling NDA.

New Delhi: Sebi and stock exchanges have enhanced their surveillance measures to curb possible manipulative practices as well as excessive volatility in the market on Thursday when the general election results will be announced.

Markets are likely to witness significant movements on Thursday, especially after a rally on Monday following exit polls showed that the BJP-led NDA is expected to come back to power.

State owned ONGC is likely to spend about Rs 65,000 crore over the next three years to ramp up production and development of its fields, including those in the KG Basin.

Production will be ramped up in 13 field development projects and three enhanced oil recovery/improved oil recovery (EOR/IOR) projects, a research report of Motilal Oswal said.

Public sector lender Bank of Baroda has reported a net loss of Rs 991 crore in the last quarter of FY19, much less than the Rs 3,102-crore net loss that it reported during the same period last year.

The loss reported by the lender is on account of accelerated NPA provisioning for its telecom and IL&FS exposure. It has also provided fully for its exposure to Bhushan Steel and Alok Industries. The bank, however, had posted a profit of Rs 471.25 crore in Q3FY19.

RISAT-2B (Radar Imaging Satellite-2B), an earth observation satellite, was placed into orbit early on Wednesday by the Indian Space Research Organisation (Isro).

It was launched at 5:30 am from the Satish Dhawan Space Centre at Sriharikota, off the southern Andhra coast, about 100 km from here. About 15 minutes into flight, the rocket placed RISAT-2B into orbit.

New Delhi: The Election Commission of India (EC) has rejected the demands of the opposition regarding Voter Verifiable Paper Audit Trail (VVPAT) on Wednesday.

The issue to change the protocol for counting was discussed by the Chief Election Commissioner Sunil Arora at his meeting with election commissioners Ashok Lavasa and Sushil Chandra.

The government is planning to merge state-run Punjab National Bank with two other PSU banks — Oriental Bank of Commerce, Andhra Bank and Allahabad Bank after the new administration is in place following the 2019 Lok Sabha elections, Reuters reported citing unidentified sources. This is in a bid to keep 5-6 larger banks in the country, which the ruling Narendra Modi-government has been advocating for some time.

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