Infosys will delist its American Depository Shares (ADS) from the Euronext Paris and Euronext London exchanges primarily due to lower trading volume, even as the company’s shares will continue to trade on the New York Stock Exchange (NYSE). In a notice to the exchanges, Infosys stated, “The primary reason for seeking the proposed delisting is the low average daily trading volume of Infosys ADS on these exchanges, which is not commensurate with the related administrative requirements.”

The resolution professional (RP) for Essar Steel is unlikely to take a decision on the resolution plans it has received from ArcelorMittal and Numetal until the government provides more clarification on Article 29A of the Insolvency and Bankruptcy Code (Amendment) Bill 2017, sources said. Article 29 A spells out the criteria on the basis of which a bidder can be considered ineligible to bid for assets admitted by the National Company Law Tribunal for resolution.

NTPC has priced its 10-year dollar bonds at 170 basis points over the corresponding US Treasury yield to raise $400 million, investment bankers aware of the deal told FE. The initial price guidance on the bonds was 180 bps over the US Treasury, which got compressed by 10 basis points at the time of final pricing. The bonds are being issued in the Reg S format, which allows investors from Asia and Europe to participate.

The State Bank of India, on Tuesday morning, cut charges for non-maintenance of average minimum balance. The new charges will be applicable from April 1, 2018. India’s largest bank has specified different monthly average balances (MAB) for accounts and if the holder fails to maintain this balance, he is charged depending on the degree of shortfall. The decision was taken by the bank in view of the feedback from various stakeholders.

BENGALURU: Indian ethical hackers are reaching out to Baptiste Robert, a French cyber researcher, to alert firms of flaws in their online assets as they fear local laws in the country does not give them protection for calling out such vulnerabilities.

Organisations such as Bharat Sanchar Nigam (BSNL), the India Post and Indian Space Research Organisation (Isro) have fixed those flaws after Baptiste Robert flagged the chinks in their online assets.

MUMBAI: State Bank of India (SBI) is likely to drag five Kolkata-based companies, including Burnpur Cement and four Patni group entities, to the National Company Law Tribunal for insolvency proceedings over Rs 3,250 crore in unpaid loans.

Three people familiar with the exercise told ET that the Patni group has defaulted on Rs 3,000 crore of loans and dues, with Burnpur Cement accounting for the rest.

The farmers’ agitation in Maharashtra was called off on Monday evening after the state government conceded most for their demands and agreed to implement the conditions agreed upon in the next six months.

A 12-member delegation representing farmers met a ministers’ committee in the afternoon. It was given a letter, signed by the chief secretary, in which the government agreed to address complaints and appeals under the Forest Act, 2006, in the next two months and relax some of the conditions for loan-waiver eligibility.

Diversified conglomerate ITC Ltd has entered the liquid milk segment with pouches.

Launched in Munger in Bihar, each of the 500 ml packs is priced at Rs 19 and will compete against products from Amul, Mother Dairy and Sudha, among others.

Mobile-first fintech major Paytm is planning a major push in the financial services sector. In the next few months, the Vijay Shekhar Sharma-led company is planning to launch services including mutual funds, general insurance, life insurance and a number of banking services via its payments bank.

The firm, owned by One97 Communications, is also providing the option to transact offline with a physical debit card.

Tata Consultancy Services (TCS) dipped 6% to Rs 2,872 on the National Stock Exchange (NSE) after the promoter Tata Sons sold around 1.5% stake in information technology (IT) major through block deals.

Till 09:27 am; a combined 34.74 million equity shares representing 1.8% holding of TCS have changed hands on the NSE and BSE.

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