It's placement season at the country's top technology and management institutes and many aspirants are all set to bag fat paychecks.

As reported earlier, most of the IITs are set to commence their final placement process on Friday, December 1, with several major recruiters making almost crore-plus annual salaries and international offers.

The Tatas had formally shown an interest in Air India's stake sale, Union Minister of State for Civil Aviation Jayant Sinha said today.

The government has given its nod for the disinvestment of Air India, which has a debt of over Rs 50,000 crore and is staying afloat on taxpayers' money.

Bajaj Auto on Friday reported a 21 per cent increase in total sales in November at 3,26,458 units as against 2,69,948 units in the same month last year.

Motorcycle sales grew by 11 per cent to 2,63,970 units in November 2017 against 2,37,757 units in November 2016, the company said in a BSE filing.

One of the most important stock market participants is making a case for reinstating of long-term capital gains (LTCG) tax on equity investments.

According to sources, the BSE has made a presentation to the Union finance ministry that LTCG exemptions cause huge revenue loss to the government and also lead to market manipulation. LTCG is tax-exempt on the sale of listed securities, since 2005. This had made India one of the most liberal markets in this regard, the BSE said in a presentation last Friday.

The Rs 13,000-crore share buyback programme of Infosys commenced on Thursday. Eligible shareholders can tender their shares till December 14, the last day of the buyback.

The buyback price offered by the company is Rs 1,150. Therefore, investors can pocket 18 per cent more upside (at current market rate) by tendering their shares. The entitlement ratio for retail shareholders works out to 28 per cent. In other words, 28 shares of those holding 100 shares will get accepted in the buyback.

State-owned Punjab National Bank (PNB) has raised its interest rate on bulk deposits over Rs 1 crore by 50 basis points, to five per cent, a day after the country’s largest lender, State Bank of India, decided to raise its rate on these deposits across tenors by 100 bps. Bulk deposits are those of at least Rs 1 crore.

These increases come a few days ahead of the Reserve Bank’s bi-monthly policy review, on Wednesday. The earlier review saw the policy rate unchanged at six per cent.

Majority of lenders to debt-ridden Reliance Communications (RCom) have decided to oppose China Development Bank’s (CDB’s) insolvency petition submitted to the National Company Law Tribunal (NCLT).

RCom said, “At a committee of creditors meeting on 29 November 2017, a majority of RCom’s lenders, foreign and Indian, aggregating 31, decided to oppose CDB’s insolvency petition against RCom before the NCLT, Mumbai.”

The deep depression over Camorin Sea has intensified into a cyclonic storm Ockhi which has triggered heavy rains in Tamil Nadu and Kerala. It is likely to intensify into severe cyclone storm moving towards Lakshwadeep islands in the next 24 hours.

According to latest reports, 4 people have been killed in Kanyakumari district of Tamil Nadu. All 4 were due to uprooting of trees, according to the police. Deceased include one woman.

Amidst allegations levelled by Congress vice-president Rahul Gandhi that Gujarat government has wasted Rs 33,000 crore of taxpayer money on the Tata Motors Sanand project, the company on Thursday chose to clear the air by clarifying the matter of loan extended by the state government to Tata Motors.

A Tata Motors spokesperson said, "The investor-friendly environment created by the Government of Gujarat (GoG) encouraged Tata Motors to set-up its manufacturing plant in Sanand, with a long-term vision to make it one of the leading automotive hubs, further enabling Gujarat to contribute to the prosperity and growth of India.

Describing Aadhaar as a major power to bring about an irreversible change in the common man's life, Prime Minister Narendra Modi on Thursday said that the Unique Identification Number will now be used in cases involving benami properties.

By linking Aadhaar to Mobile and Jan Dhan, we have created such a system that could not have been imagined few years back.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.