In two successive offers, Reliance Capital has sold 10.75 per cent of its shareholding in RNAM, aggregating over Rs 1,450 crore and has achieved the minimum public shareholding of 25 per cent in RNAM by reducing the promoter stake, the company said in a statement.

Reliance Capital Monday said it has sold 10.75 per cent in Reliance Nippon Life Asset Management Ltd (RNAM) for over Rs 1,450 crore.

Private sector lender ICICI Bank Monday approached the National Company Law Appellate Tribunal (NCLAT), seeking a direction to NCLT, Allahabad to expedite the hearing on its insolvency petition against Jaypee group firm Jaiprakash Associates Ltd (JAL). In September 2018, ICICI Bank had filed a petition before the Allahabad bench of National Company Law Tribunal (NCLT) seeking to start insolvency proceedings of JAL, which is into infrastructure and real estate.

With all private hospitals, nursing homes and clinics having closed down their outpatient department services in Udupi district in response to a strike call to protest against the recent assault on two doctors in West Bengal, on June 17, the Department of Health and Family Welfare has made all arrangements to deal with the situation.

With all private hospitals, nursing homes and clinics having closed down their outpatient department services in Udupi district in response to a strike call to protest against the recent assault on two doctors in West Bengal, on June 17, the Department of Health and Family Welfare has made all arrangements to deal with the situation.

Domestic equity benchmark BSE Sensex fell over 150 points and the NSE Nifty slipped below the 11,800 mark in early trade on Monday tracking dragged down by losses in index heavyweight RIL, ITC and HDFC stocks.

The 30-share index was trading 175.29 points, or 0.44%, lower at 39,276.78 at 9.30 a.m. Similarly, the broader NSE Nifty was quoting 50.20 points, or 0.42%, down at 11,773.10.

Under Manchester skies, bright one moment, brooding the next second, India found its sunshine at Old Trafford here on Sunday. In their World Cup clash against Pakistan, Virat Kohli’s men proved they are far too superior with an 89-run triumph.

Rohit Sharma’s masterly 140 (113b, 14x4, 3x6), his second in the current championship, helped India post 336 for five.

Mahindra & Mahindra (M&M) and Ford India will jointly develop nine sports utility vehicles (SUVs) starting 2020, with a combined investment of over $600 million (`4,300 crore approx), people aware of the development said.

While six models, including compact and large size SUVs, will be shared by both the companies under a rebadging format, three will be made exclusively for Ford, which will be used by the company in both India and export markets.

In view of its worsening financial condition, Mumbai-based Mercator Ltd is looking at restructuring its loans. The company's total liabilities at the end of the last financial year (FY) stood at Rs 2,370.86 crore, an increase of Rs 168.68 crore from a year ago.

The Ministry of Corporate Affairs (MCA) will soon send notices to the country's top non-banking finance companies (NBFCs), including Dewan Housing Finance Ltd, Shriram Transport Finance Company and Mahindra & Mahindra Financial Services Company known as Mahindra Finance, over non-transfer of fixed deposit money of small investors to the government as mandated under the law, a person privy to the development said.

With the farm sector facing headwinds, Prime Minister Narendra Modi on Saturday stressed upon the need for structural reforms in agriculture which would boost private investment, strengthen logistics and provide ample market support to farmers.

Delivering the opening address during the fifth Governing Council meeting of NITI Aayog, PM Modi said that the food processing sector should grow at a faster pace to benefit the farmers.

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