The Department of Telecom (DoT) will issue notices to five telecom operators, including Tata Teleservices, Telenor and Reliance Jio, to recover Rs 2,578 crore, in the wake of the CAG red-flagging understatement of revenues by the firms.

"The DoT will raise demand of Rs 2,578 crore from the five telecom operators as was mentioned by the CAG in its report this month. The demand will be raised after reconciling the accounts," an official source told PTI.

The Dravida Munnetra Kazhagam (DMK) has played down superstar Rajinikanth's announcement of joining politics and said the actor would not fare well in it as he was aligning with the Bharatiya Janata Party (BJP).

He has knowingly or unknowingly created a perception that he is aligned with the BJP or rather the BJP is aligning with him, DMK spokesperson A Saravanan told ANI, and added that the BJP too has sent out a similar message.

Automobile major Maruti Suzuki India on Monday reported a 10.3 per cent rise in its monthly sales for December.

According to the company, its total sales including exports during the month under review rose to 130,066 units from 117,908 units sold during the corresponding month of 2016.

NEW DELHI: The Central Board of Film Certification (CBFC) has decided to give Sanjay Leela Bhansali's Padmavati a UA certificate and has suggested the director to change the film's title to Padmavat.

According to a release issued by the CBFC, the board had a meeting of their examining committee on December 28 and decided to give the film a UA certification along with some modifications and likely change of the film's title on the basis the attributed material/creative source.

Maruti Suzuki India has bid farewell to the current generation of its highly successful car, Maruti Swift.

The last production model of the second generation Swift rolled off the assembly line in Manesar on 23 December.

Real estate major DLF Ltd announced the appointment of Saurabh Chawla as the Key Managerial Personnel (KMP) and Group Chief Financial Officer (CFO).

The appointment follows the elevation of former Group CFO Ashok Kumar Tyagi as the whole-time director of the company.

Private lender Axis Bank has been in a tight spot for over a year now for more reasons than one, some of which, the bank considers, could have been easily prevented. The Securities and Exchange Board of India’s (Sebi’s) probe into the alleged loopholes in its operations to stop information leaks was the latest.

There were instances of security breaches in some of its branches while handling cash transactions in December 2016. More than 19 employees were suspended for flouting norms.

Mumbai, Dec 30 () Stocks: Market rose for the fourth successive week, as the benchmark Sensex scaled new milestone of 34K to register new closing highs 34,056.70 and gaining 116.53 points, while the broader Nifty ended at 10,530.70.

The truncated, last trading week of the calender year started positive and ended in a cheerful note, though the market did face sluggish momentum due to year-end holiday- mood and F&O derivative expiry day, still witnessing all time record highs on intra-day basis during the week.

NEW DELHI: Ruling out income tax exemption for cooperative banks, Finance Minister Arun Jaitley on Friday said they were no different from commercial banks and were, therefore, required to be treated at par with them.

"Most of these banks are providing standard banking facilities like opening of letters of credit, bill discounting and collection, lockers and safe deposit vaults, bank guarantees.

New Delhi, Dec 30 () Gold regained its sheen by surging Rs 175 to a one-month high of Rs 30,400 per 10 grams on the last trading day of 2017 at the bullion market today, driven by a firm trend overseas and increased buying by local jewellers.

Silver maintained its upward march and added another Rs 280 to reach Rs 39,980 per kg backed by increased offtake by industrial units and coin makers.

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