To make REITs and InvITs more attractive, markets regulator Sebi has allowed strategic investors like registered NBFCs and international multilateral financial institutions to invest up to 25 per cent of the total offer size of such trusts.

"The strategic investor(s) shall, either jointly or severally, invest not less than 5 per cent and not more than 25 per cent of the total offer size," Securities and Exchange Board of India (Sebi) said in a circular.

Consolidated profit of IT major Wipro Ltd dropped 12 per cent to Rs 19.3 billion for the quarter ended December 2017 as against Rs 21.89 billion in the previous quarter.

However, revenue from operations rose 2 per cent to Rs 136.69 billion as against Rs 134.23 billion in September 2017.

NEW DELHI: Telecom service provider Idea Cellular on Thursday announced "cashback offer" worth Rs 3,300 on online recharges of Rs 398 and above till February 10, 2018.

"On all 'Unlimited' plan recharges of Rs. 398 and above, done through any online channel, Idea customers will get eight discount vouchers of Rs. 50 each," the company said in a statement here.

New Delhi: The Supreme Court on Thursday cleared the nationwide release of Sanjay Leela Bhansali's film Padmaavat, staying the bans imposed by four BJP-ruled states and observing that "creative content" is a constitutional right.

The bench of Chief Justice Dipak Misra and Justices A.M. Khanwilkar and D.Y. Chandrachud said that all the states and Union territories must ensure peaceful screenings of the film, scheduled for a January 25 release, and provide protection to its crew.

Mumbai: India’s most-valued lender HDFC Bank Ltd on Thursday crossed Rs5 trillion market capitalisation for the first time, making it only the third Indian company to achieve this milestone.

In intraday trade, the stock touched a fresh record high of Rs1,53.75 on the BSE, up 3.31% from its previous close. The scrip closed at Rs1,931.80, up 2.15% with a market cap of Rs5 trillion.

The benchmark BSE Sensex rose by about 131 points in early trade today, extending gains for the third session on continued foreign fund inflows amid encouraging quarterly results.

Besides, a firm trend at other Asian bourses influenced the sentiments here.

To provide safe and plentiful energy for future robotic and human missions for Mars and beyond, NASA is conducting experiments on Kilopower — a small nuclear reactor that can generate a reliable power supply. This pioneering space fission power system could provide up to 10 kilowatts of electrical power — enough to run two average households — continuously for at least 10 years, the US space agency said in a statement on Friday. Four Kilopower units would provide enough power to establish an outpost.

On May 25, 2005, when Maruti Suzuki launched the Swift hatchback, the step, in a way, demonstrated its long-term plans for dominating the Indian passenger vehicle market. However, the company was also taking a risk. The reason was, during those days, there were some set notions about a small car. It had to be reliable, economical and somewhat basic in its features. Design would receive minimal attention; while a few clamoured for a bold design, it was believed the ‘mainstream’ small car customer would accept pretty much everything—from boxy shapes to bland, simple lines.

We met with the management of Gabriel India. The company is optimistic of healthy growth in revenues on the back of repeat business and new order wins. Exports and aftermarket continue to stay a key focus area. In exports, the focus is both on OEM’s and aftermarket.Gabriel continues to explore inorganic growth opportunities. Management is committed towards double-digit EBITDA margin. Given land bank at existing plant, company can go for brownfield expansions, if required.

Bankers need to protect their interest by strictly enforcing the covenants, properly pricing their risks, and reacting to early warning signals about the incipient stress building up with their borrowers, RBI deputy governor NS Vishwanathan said at an event organised by CARE Ratings on Thursday. “All this should be embedded into the credit culture of the banks,” he said.The deputy governor pointed out that credit analysis should reduce the information asymmetry issues between the borrowers and the potential lender.

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