The Department of Telecommunications (DoT) will seek further clarification from the additional solicitor general (ASG) regarding the Vodafone-Idea merger.

On being asked by Communications Minister Manoj Sinha, the DoT had written to the ASG seeking his opinion on whether the merger should be given a go-ahead without claiming the charges regarding spectrum, which were sub-judice.

Korean carmaker Hyundai, the second-biggest player in the Indian market, will drive into a $100-million (Rs 6.9 billion) corporate office in Gurgaon. The two-acre office complex on the outskirts of Delhi is under construction and will be home to about eight hundred company executives from early 2020.

"It was a dream to have our own corporate office as we complete two decades here in India... We will shift to the new office in January 2020. It is our commitment to the Indian market and to our workforce here.

The CBI on Friday arrested two senior retired officers of Bank of India in connection with alleged loan fraud of Rs 26.54 billion by Vadodara-based Diamond Power Infrastructure Ltd. (DPIL) in the bank.

V V Agnihotri and P K Shrivastava, retired GM and DGM respectively, had allegedly granted undue favours to the company in granting credit limits, the officials said.

US Secretary of State Mike Pompeo began a second day of talks in North Korea on Saturday attempting to agree details on how to dismantle the country's nuclear programme, and both sides said they had things to "clarify" from the previous day.

After spending his first night in the North Korean capital in three visits so far this year, Pompeo left the government guest house where he spent the night to make a secure phone call to US President Donald Trump to provide an update on the talks.

Alternative investment funds cannot convert their existing open-ended schemes to closed-ended and vice-versa, markets regulator Sebi said on Friday.

The clarifications have been given as part of an informal guidance sought by Singular India Opportunities Trust (SIOT), which is managed by Singular Capital India Advisors LLP, regarding certain aspects of AIF regulation.

Microsoft is reportedly working on launching its “Movies & TV” app – only available on Windows-based platforms like Windows 10 PC, Xbox and Windows 10 Mobile – on Android and iOS-based platforms. According to a report in Windows Central late on Thursday, “Microsoft is building these apps to give consumers more of a reason to buy content in the Microsoft Store”.

Shares of Bajaj Auto hit a two month high of Rs 3,029 per share, up 2% on the BSE in early morning trade, extending their 9% rally in the past five days after reporting a healthy volume performance during the month of June 2018. The stock was trading at its highest level since May 2, 2018.

Bajaj Auto on Monday, said that its total sales grew 65% YoY at 404,429 units in June 2018, due to strong domestic performance in two-wheeler (2W) and three-wheeler (3W) segment led by new launches and healthy export 3W sales.

In the high-profile case involving the alleged misuse of algo-trading and co-location facility by some brokers, Sebi is believed to have found serious lapses on the part of NSE and several others including former and existing seniors executives, a preliminary probe suggests.

Locked in a direct fight to acquire Essar Steel, ArcelorMittal on Thursday sought disqualification of Russia’s VTB Capital-backed NuMetal Ltd, alleging that the firm was acting in concert with delinquent promoters of Essar group.

When first bids for loan defaulter Essar Steel were called in February, Rewant owned 25 per cent in Mauritius-based investment vehicle NuMetal.

Mumbai: Indian benchmark indices BSE Sensex and NSE’s Nifty 50 opened lower but soon recovered to trade higher despite faltering Asian markets as US tariffs on $34 billion in Chinese imports took effect on Friday. However, the Indian rupee weakened marginally against the US dollar and was trading past 69 a dollar, tracking losses in Asian peers.

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