Key stock barometer Sensex fell 105 points today after disappointing economic data forced investors to tighten their exposure.

Surging oil prices and a sluggish trend in Asian markets brought pain, too.

The Supreme Court on Tuesday rejected the government's stand of imposing a monetary fine and a jailtermm on restaurant owners and other persons who would sell mineral water bottles over and above their maximum retail price (MRP).

The apex court held that hotels and restaurants can charge to their customers more than the MRP marked on a bottle of the mineral water.

The Aditya Birla Group and Vodafone Group PLC have started talks on the “closing adjustments” of the merger between Idea Cellular and Vodafone India, and the discussions are focused on how to resolve Idea’s losses incurred since the announcement of the deal in March. The deal is expected to close in the first half of 2018.

Idea’s consolidated loss went up from Rs 328 crore for the three months ended March 31, 2017, to Rs 1,107 crore for the September quarter — thanks to increased competition from Reliance Jio, which is offering free voice calls to its customers.

The turnover of Maruti Suzuki for 2016-17 is more than the total of turnovers of three major brands — Hyundai, Ford and Nissan — put together.

Except Maruti Suzuki, no original equipment manufacturers are listed in India. Maruti Suzuki in 2016-17 clocked a revenue of Rs 77,266.20 crore as against Rs 57,746.30 crore in 2015-16, up by 34 per cent.

Profitability or the return on equity for the highway monetisation contracts that the National Highways Authority of India (NHAI) is offering to the concessionaires is 12-13% of the equity, according to a report by rating agency CRISIL.

equity IRR (internal rate of return) of the first bundle of highways being auctioned under the toll-operate-transfer (TOT) model would range between 12% and 13%, based on NHAI's initial estimated concession value, an analysis by CRISIL Research shows. The level of bidding intensity will drive the final returns earned by the concessionaire," Crisil Research report said.

Top shuttlers P V Sindhu and Kidambi Srikanth would be aiming for a great finale to what has been a good year for Indian badminton when they take the court at the USD one million Dubai Super Series Final starting on Wednesday.

Only the very best participate in this prestigious tournament with only the top eight in the respective men's and women's singles rankings earning the right to compete.

State-owned Oil and Natural Gas Corp (ONGC) has sought access to a data room to help fix the price at which it can acquire government's 51.11 per cent stake in HPCL.

India's largest oil and gas producer has so far been given an information memorandum (IM) by government's transaction advisor which ONGC feels is not sufficient to arrive at a valuation of Hindustan Petroleum Corp Ltd (HPCL), sources privy to the development said.

Leading commercial vehicles maker and Hinduja Group flagship Ashok Leyland said it would invest Rs 400 crore over the next two years in developing new products, including left-hand-driving trucks.

"We are coming up with a new product every six months, so the next product would be launched in April or May next year. Ashok Leyland would invest Rs 400 crore on new models in the next two years. The new products are also targeted for export markets", Nitin Seth, president (light commercial vehicles), Ashok Leyland Ltd.

Mukesh Ambani-controlled Reliance Industries Ltd (RIL) is said to be in talks for an initial public offering (IPO) for its mobile operator Jio. According to a Bloomberg report, Reliance is holding internal discussions about preparing to list Jio as early as late 2018 or early 2019. An RIL representative approached by Bloomberg for its report declined to comment.

Jio, which hasn’t made a profit since its official launch last year, is aiming to improve its financial performance before any share sale, said Bloomberg quoting people close to the development refusing to be named as the information was private.

New Delhi: IT industry association Nasscom on Monday said it has got an assurance from the government that the service tax notices served to several IT companies has been "corrected" and the issue has been resolved.

However, it could not be confirmed from the tax department whether the government is withdrawing or amending the reported Rs 10,000 crore demand notices served to some 200 companies.

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