Vodafone Idea shares surged 17 per cent to Rs 20.45 on the BSE in early morning trade on Friday on the back of heavy volumes. The stock turned ex-date for rights issue today.

At 10:33 AM, the stock had erased its early morning gain and was trading 6 per cent higher at Rs 18.50 on the BSE. It touched an intra-day low of Rs 17.85, and is just 4.4 per cent away from its record low price of Rs 17.06 (adjusted to rights issue) touched on Thursday, March 28.

New Delhi: Sebi on Wednesday exempted the government from making an open offer for the shareholders of Punjab National Bank but directed reduction in non-public shareholding in the lender post capital infusion.

In February, Punjab National Bank filed an application on behalf of the central government seeking exemption from open offer requirement under takeover regulations.

Facebook Inc on Wednesday banned praise, support and representation of white nationalism and white separatism, a move that drew qualified approval from New Zealand where a massacre of 50 people in mosques was live streamed earlier this month.

Civil rights groups have said social media giants have failed to confront extremism and that was under the spotlight this month after a suspected white supremacist broadcast live footage of his attacks in Christchurch, New Zealand.

The lenders of Essar Steel on Wednesday told the National Company Law Appellate Tribunal (NCLAT) that a decision by the committee of creditors on whether Standard Chartered, an unsecured financial creditor of the bankrupt firm, should get higher payout for its dues from the Rs 42,000 crore coming from the resolution plan of ArcelorMittal, would come by Friday.

After forging a strategic partnership with Microsoft to strengthen cloud-based customer experience management (CXM) tools, software major Adobe has said this partnership is a “complementary” fit for both the companies from the standpoint of business growth.

“The business model is pretty simple I would say. They (Microsoft) will build a lot of platforms and market ecosystem. We focus on selling our solutions.

Hyundai Motor India on Wednesday announced the name of its all-new connected SUV as Venue. Venue, which was earlier codenamed as QXi, is the latest entrant in the Indian compact SUV segment to take on the likes of market leader Maruti’s Vitara Brezza, Tata Nexon, Ford’s EcoSport, M&M’s XUV300.

The Board of Maruti Suzuki has approved plans to source hybrid technology from Toyota for developing future products under a business partnership signed by both the companies. Further the board also approved the reappointment of managing director and CEO Kenichi Ayukawa for a further period of three years with effect from April, 1, 2019.

Staring at a huge shortfall in direct tax collections, the Central Board of Direct Taxes (CBDT) has written to the heads of the regional field offices of the Income Tax Department to take all possible actions urgently to achieve the target for the current financial year 2018-19.

A joint team of the Central Bureau of Investigation and the Enforcement Directorate is heading to London to help the extradition process of fugitive diamond trader Nirav Modi before his bail hearing on March 29. The team will carry all the official documents needed to assist the authorities in London.

Congress General Secretary of Uttar Pradesh East, Priyanka Gandhi Vadra on Wednesday asked party cadres were they preparing for the elections. Not 2019, but she asked Congress workers to start preparation for Uttar Pradesh Assembly polls in 2022.

Priyanka Gandhi seems to be taping voters in Uttar Pradesh, one of the most crucial election states as she has been actively campaigning since her formal induction in the party last month.

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