Rajkumar Hirani’s latest directorial venture, Sanju, has given actor Ranbir Kapoor the biggest opener of his career at Rs 347.5 million. The biopic on actor Sanjay Dutt’s life released on June 29, and raced to the top of the list of highest openers of the year, beating Padmaavat, Avengers: Infinity War and Race 3 in the process.

MUMBAI: The Insurance Regulatory and Development Authority of India (IRDAI) has agreed to the Life Insurance Corporation (LIC) of India’s proposal to hike its stake to 51 per cent in IDBI Bank from 10.8 per cent at present. The permission is subject to the corporation bringing down its holding to 15 per cent in future.

New Delhi: Private sector lender Yes Bank and Goldman Sachs on Friday settled a Sebi probe into alleged violation of listing and disclosure norms as well as merchant banker regulations, respectively.

Individually, Yes Bank has paid Rs 40.8 lakh, while Goldman Sachs (India) Securities has remitted Rs 20.80 lakh towards settlement fees, the regulator said in separate orders.

Mortgage lender HDFC is set to launch a $600-million equity fund, targeting investments in middle income, urban and affordable housing. Of the total corpus, the National Infrastructure Investment Fund (NIIF) is in talks with HDFC to commit $100 million.

To be managed by its real estate investment advisory arm HDFC Capital Advisors, this will be the lender’s second equity fund in the housing space.

Despite, the charter aircraft owners and officials from Juhu airport claiming that crashed aircraft had required permissions from Directorate General of Civil Aviation (DGCA) for test flying, the aircraft met with an accident on Thursday afternoon killing five people. However, the fact remains that aircraft was not airworthy yet and was grounded since 2008 when it met with an accident in Uttar Pradesh.

Tata Consultancy Services has informed that its promoter, Tata Sons, will be participating in the proposed share buyback initiative, in an exchange filing.

"We would like to inform you that the promoter and promoter group of the company have communicated the intention to participate in the proposed buyback," said the company in a statement.

The Reserve Bank of India (RBI) has decided to crack the whip on banks’ statutory auditors whose certification of banks’ books has later been found to have lapses.

“In the interest of improving audit quality and with a view to instituting a transparent mechanism to examine accountability of statutory auditors (SA) in a consistent manner,

Even as speculation continues around the launch of WhatsApp Payments in India, the company seems to be at loggerheads with the authorities over storage and processing of user data. The company’s privacy policy specifies that users in the country should agree to their payments data being stored in the US and other countries.

New Delhi: Air India will not be sold during the remaining tenure of the Modi government and the process could be started afresh only after 2019 general elections, a top government source told Financial Chronicle.

The source, who is directly involved in the strategic disinvestment process of the loss-making carrier, said there is a broad thinking in the government to retain the ‘swadeshi’ tag for the national carrier and hence investment proposals from a foreign carrier would neither be pursued nor entertained.

The Congress on Thursday came out all guns blazing against the Modi Government and said that it is trying to politically exploit the surgical strikes by the Army against terror launch pads in Pakistan-occupied Kashmir (PoK) in 2016.

The party reacted after some TV channels telecast a video of the surgical strikes on Wednesday night. The Congress alleged that the surgical strikes were “shamelessly politicised” by the BJP for the March 2017 Uttar Pradesh Assembly elections.

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