MUMBAI: The Securities and Exchange Board of India (Sebi) is set to buy IDBI BankBSE -5.54 %'s building in Bandra-Kurla Complex (BKC), Mumbai's financial hub, for close to Rs 1,000 crore.

The capital market regulator will acquire the state-owned bank's seven-storey building, which has 3.21 lakh square feet of super builtup area, close to its existing office, making this the second biggest transaction at BKC since 2013.

Onavo, the data-security app maker that Facebook acquired in 2013, has launched a new Android app that let users lock other apps on their devices using a PIN code, pattern or fingerprint. ‘Bolt App Lock’ — from the Israeli company that provides analytics products for mobile apps — adds to the long list of mobile applications that help users lock other apps on their smartphones.

New Delhi: ONGC Ltd is in talks with Saudi Aramco and Kuwait's Petrochemical Industries Company to sell its 26 per cent stake in ONGC-Petro Additions Ltd (OPaL) to repay the bank loan it has taken to fund the acquisition of refiner HPCL.

The state-owned explorer had been keen to induct a strategic partner in OPaL.

New Delhi: The life of a patient in a permanently vegetative state can be ended with her or her family's consent if there's no hope of recovery, as certified by a medical board supervised by the first-class judicial magistrate, the Supreme Court ruled on Friday.

A five-judge constitution bench said this can be done in keeping with an "advance directive" put down in writing by the person himself on the lines of a "living will".

New Delhi: Debt-laden Reliance Communications’ (RCom) proposal to sell infrastructure assets including towers, optic fibre cable and spectrum to Reliance Jio has been cleared by the Competition Commission of India (CCI).

“@CCI_India approves acquisition of RCOM’s towers, optic fiber cable, right to use spectrum and media convergence nodes by RJIO,” the anti-trust regulator tweeted.

Reliance Retail, a subsidiary of Reliance Industries Limited (RIL) today acquired 16 per cent stake of US-based KaiOS Technologies Inc (KTI) for cash aggregating to USD 7 million (about Rs 45 crore). The company acquired 19,04,781 shares of KTI, mobile operating system provider, at USD 3.675 per share, Reliance Retail said in a statement.

State Bank of India (SBI) on Friday put on sale two non-performing assets (NPAs) worth Rs 787 crore and sought bids from asset reconstruction companies (ARCs) on a cash basis, or through a mix of cash and security receipts (SRs), according to a sale document. The two accounts on the block are the bank’s Rs 647.64-crore exposure to Sona Alloys and its Rs 139.36-crore exposure to Zenith Birla (India).

Bank of Baroda (BoB) on Friday became the second large public-sector bank (PSB) to raise interest rates on retail deposits. Term deposits of under Rs 1 crore will now earn 10-35 basis points (bps) more than earlier. The rate on deposits with a maturity of one year has been raised by 15 bps to 6.6%. The corresponding rate at State Bank of India (SBI), HDFC Bank and ICICI Bank are 6.4%, 6.75% and 6.6%, respectively.

KOLKATA: The telecom regulator has stuck to its guns by reiterating to the government that telcos and tower companies should be mandated to share in-building solutions (IBS) inside residential, commercial complexes and large public places such as malls, hotels and airports, to pre-empt any exclusive contracts, boost quality of indoor mobile coverage and minimise call drops.

Mahindra and Mahindra expects to conclude the financial year with a record sales of medium and heavy duty trucks, Vinod K Sahay, chief executive officer, Mahindra Truck and Bus Division said at a press briefing.

It plans to deliver 10,000 units by fiscal end, the highest since the company entered the heavy duty segment a decade ago. The maker of Blazo branded trucks sold 6714 units in the corresponding period last year.

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