Mumbai: Reversing early losses, the benchmark BSE Sensex recovered over 100 points and NSE Nifty reclaimed the 11,700-mark ahead of the release of key GDP data scheduled later in the day.

The 30-share Sensex rose 138.06 points, or 0.36 per cent, to 38,828.16 in early trade, after hitting a low of 38,611.46 at the outset. It lost 206.53 points in the previous two sessions.

Delhi’s Patiala House Court on Friday granted bail to former Bihar chief minister Rabri Devi and her son and Rashtriya Janata Dal (RJD) leader Tejashwi Yadav in the IRCTC land scam case. The accused have to furnish a personal bond and surety amount of Rs 1 lakh each.

The CBI court also issued a production warrant against Lalu Prasad Yadav for October 6.

Paytm Mall, the e-commerce venture backed by China’s Alibaba Group, is looking to deepen ties with regional retailers as well as partner with top online grocer BigBasket to compete with Walmart-controlled Flipkart and Amazon’s local unit, a company executive said. Patym Mall, owned by Paytm E-Commerce, is currently the third biggest player in India’s rapidly-growing online retail space.

With the National Company Law Tribunal (NCLT) on Thursday giving its approval to the merger of Vodafone and Idea Cellular, the decks have been cleared for the two to now function as a single entity. An announcement of the date from which the new entity by the name of Vodafone Idea Limited will start functioning will be made as early as Friday.

State Bank of India (SBI) has completed the sale of its Rs 2,261-crore exposure to Bombay Rayon Fashions (BRFL) to JM Financial Asset Reconstruction Company (ARC) for Rs 900 crore, according to persons familiar with the development.

The lender has taken a 40% haircut on the transaction but is hoping for an upside from its 29% equity stake in the company. SBI has received Rs 840 crore in cash while the remaining Rs 60 crore is in the form of security receipts redeemable over three years.

India's long-neglected retail market is turning into one of the world's hottest thanks to Warren Buffett, Jeff Bezos and a frenzy of billion-dollar dealmaking.

Walmart Inc just wrapped up a $16 billion agreement for control of the country's leading e-commerce player, Flipkart Online Services Pvt, while Bezos' Amazon.

The Kishinchand Chellaram College, usually bustling with students, resembled a heavily-guarded fort ahead of the annual general meeting (AGM) of ICICI Securities on Thursday. Here, shareholders were to decide whether Chanda Kochhar should continue to serve on the board of the broking and investment banking firm.

Shares of YES Bank hit an 8-week low of Rs 338 per share, down 7% in early morning trade on the BSE on the back of heavy volumes.

YES Bank on Thursday after market hours said it has received the Reserve Bank of India’s (RBI's) approval for the continuance of Rana Kapoor as managing director and CEO of the bank till further notice from the central bank.

Markets regulator Sebi today imposed a total penalty of Rs 11 lakh on four entities for violating insider trading norms.

The Securities and Exchange Board of India (Sebi) has levied a fine of Rs 4 lakh on Kisan Mouldings, Rs 2.5 lakh each on Surinder Jagannath Aggarwal and Polsons Traders LLP and Rs 2 lakh on Surinder Jagannath Aggarwal HUF.

New Delhi: Punjab National Bank, Ind­ia’s second largest lender, which has Rs 6,000 crore of power NPAs has decided to take the insolvency (IBC) ro­ute to resolve the issue, said an official.

It indicates that PNB will go for the NCLT route of recovery rather than debt restructuring with companies.

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