Benchmark indices started on a choppy note Tuesday as investors turned cautious amid selling by domestic and foreign funds ahead of RBI’s monetary policy review.

The 30-share index was trading 42.81 points, or 0.12 per cent, lower at 36,539.93.

Similarly, the 50-share NSE Nifty fell 16.45 points, or 0.15 per cent, to 10,895.80.

With outstanding dues spiralling to nearly Rs 6,000 crore, state-owned power generation company NTPC has threatened to cut supplies to the electricity distribution companies of Andhra Pradesh, Karnataka and Telangana from Wednesday if the bills are not cleared soon. The cumulative dues, pending for more than 60 days, stood at Rs 4,138 crore as on January 30. If immediate arrangements are not made, the three states could lose 3,470 MW of power supply from NTPC’s Ramagundam, Simhadri, Talcher and Kudgi power plants.

The Trai’s new regulatory framework for broadcasting and cable services industry, which the regulator said is intended to bring in more transparency and uniformity as well as offers greater freedom of choice to viewers, is expected to increase the monthly TV bills of majority of subscribers by around 25%, ratings agency Crisil said in a report.

Reeling under severe financial stress, the telecom industry has once again approached the government seeking relief in the form of adjusting around Rs 35,000 crore worth of excess GST credits in lieu of deferred-payment obligations, licence fee and spectrum charges. As per the incumbent telecom operators, over the past couple of years, their capex has increased tremendously but revenues have come down by over 30%, which has created a mismatch in output liability and input credit.

After almost a month of no cases, Delhi reported a dengue case in the last week of January 2019, first of the year as per the latest Municipal Corporation report on vector-borne diseases. As per the earlier reports from the year, no cases of malaria, dengue or chikungunya were reported in the first three weeks. Malaria and chikungunya still have not seen any cases this year.

Two days after one of its passengers found a cockroach in the food served aboard a Bhopal-Mumbai flight, Air India on Monday apologised and said it has initiated "corrective action internally".

"We sincerely apologise for the incident where our valued pax (passenger) had a disappointing experience with the meal served on board our Bhopal-Mumbai flight.

The rupee on Tuesday opened 10 paise higher at 71.70 against the US dollar ahead of three-day RBI's monetary policy meeting, that starts later in the day today.

The domestic unit on Monday dropped by 55 paise to close at 71.80 to the US dollar, the lowest level since December 17. This was the second straight session of loss for the domestic unit, during which it lost a total 72 paise.

It’s been less than three months since Binny Bansal’s shock ouster from Flipkart, the e-commerce giant he founded over a decade ago. The entrepreneur once celebrated for jumpstarting India’s internet retail industry is now dedicating himself to helping other founders get their startups off the ground.

Bansal, who departed after Flipkart’s new owner Walmart Inc. investigated alleged personal misconduct, is now focused on xto10x Technologies, a startup he co-founded with former colleague Saikiran Krishnamurthy. It’s aimed at helping entrepreneurs navigate the often-tricky Indian startup scene.

With the Life Insurance Corporation of India (LIC) picking up 51 per cent stake in IDBI Bank, the lender's board wants to change its name to LIC IDBI Bank or LIC Bank.

The bank informed BSE that the board, at its meeting held on February 4, has approved a proposal for change of name of IDBI Bank.

State-owned power producer NTPC Ltd (National Thermal Power Corporation Limited) said it would “take up legally” the arbitration tribunal’s order against it to shell out over Rs 2,000-crore to Jindal ITF in interest payments.

Jindal ITF is a subsidiary of Jindal SAW.

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