The dramatic sacking of Cyrus Mistry as chairman and director of Tata Sons and TCS violated provisions of Companies Act, RBI rules and more importantly, Tatas’ own articles of association, RoC, Mumbai said in an RTI reply, a charge that the Tatas have vehemently denied.

Mumbai: The BSE Sensex rose over 100 points on Thursday, but turned choppy after investors began booking profits at higher levels.

The benchmark indices opened higher led by banking and auto stocks amid sustained buying by domestic institutional investors (DIIs), better-than-expected corporate earnings and positive global cues buoyed sentiment.

Coal India OFS Day 2: After getting fully subscribed by institutional investors on day 1, Coal India OFS will open for retail investors on Thursday. The non-retail buyers put in bids for 15.84 crroe share of the 14.89 crore shares on offer on the first day of OFS on Wednesday, according to the NSE data. It amounts to a subscription of 1.06 times the shares reserved for institutional buyers. The sale of 15.84 crore shares amounts to over Rs 4,200 crore at a floor price of Rs 266.

Tata Motors on Wednesday reported a consolidated loss of Rs 1,009.5 crore for the three months ended September, primarily due to the loss emanating from the weak JLR performance. In Q1FY19, the company had reported a loss of Rs 1,862.6 crore.

Consolidated revenue rose 3% y-o-y to `72, 112 crore in the September quarter. Revenues from the sales of commercial vehicles were `15,056.9 crore, up 31% y-o-y.

Venezuela’s state-run PDVSA has shipped a crude cargo valued at $35 million as partial payment to Indian oil company ONGC Videsh Ltd for overdue dividends from a joint venture, according to two people familiar with the matter.

The payment is based on an agreement signed in 2016 by PDVSA and ONGC Videsh, the overseas investment arm of India’s Oil and Natural Gas Corp, to repatriate about $530 million in dividends due from their San Cristobal oil project in Venezuela.

Shares of Larsen & Toubro ((L&T) were up by 6% at Rs 1,379 per share on the BSE in early morning trade after the company reported 23% year-on-year (Y-o-Y) jump in its consolidated net profit at Rs 22.30 billion in September quarter (Q2FY19). The consolidated gross revenue during the quarter grew 21% at Rs 320.81 billion on a Y-o-Y basis.

Even if the 13 completed and incomplete projects of IL&FS are sold, the lenders — and not the Ministry of Road Transport and Highways and the National Highways Authority of India (NHAI) — will have the first right on the funds.

These disputed projects include three in Assam, two each in West Bengal and Maharashtra, and one each in Meghalaya, Gujarat, Jharkhand, Karnataka, Jammu & Kashmir, and Uttar Pradesh. The arbitration claims in these projects are worth Rs 38.54 billion.

The country's largest lender SBI has halved the daily cash withdrawal limit from ATMs for certain debit-card holders to Rs 20,000 from Wednesday.

The withdrawal limit has been curtailed on Classic and Maestro debit cards, held by a large number of the bank customers.

New Delhi: India is known for its diversity and Sardar Vallabhbhai Patel had ensured that the country remains united with its uniqueness, Home Minister Rajnath Singh said Wednesday.

Flagging off the 'Run For Unity', organised here on the occasion of 143rd birth anniversary of Patel, he said Prime Minister Narendra Modi has been working relentlessly with the country's first home minister's objective of making India strong and keeping it united.

Jalpaiguri: 26-year-old Kalpana Roy, who represented the country as a part of the Indian women's football team 10 years ago, is now running a roadside tea stall in West Bengal's Jalpaiguri district.

She also coaches around 30 boys and trains them twice a day in order to keep herself fit as she still nurtures the dream of playing for the team again.

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