Markets regulator Sebi has imposed a penalty of Rs 9 lakh on ING Vysya Bank’s former official for violating insider trading regulations. The fine was levied on Vinay Agrawal, who was regional head of business banking in ING from August 2011 till June 20, 2012. Later, he held the position of zonal head of cluster business banking till October 10, 2013. The Securities and Exchange Board of India (Sebi) had initiated adjudication proceedings against Agrawal, who was alleged to have not complied with PIT (Prohibition of Insider Trading) Regulations.

Microsoft has supported over 4,000 Indian start-ups, skill training for 30,000 youth and helped train 26,000 teachers while working with several state governments and not-for-profit organisations between April 2016 and March 2017 in India, a new report said on Friday. In its 2017 India Citizenship Report, Microsoft India said it recognises that India’s entrepreneurial landscape would aid robust economic growth in the coming years and was committed to contributing to the Indian start-up growth story.

NEW DELHI: State-owned power equipment maker BHEL-2.52 % today said it will create a diversified portfolio for its next wave of growth that will include areas like solar energy, transportation and water business.

Going beyond thermal power, other areas for capitalising on emerging opportunities include defence and aerospace "to increase the share of business from non-coal areas", BHEL CMD Atul Sobti said at the 53rd Annual General Meeting here.

Power giant NTPCBSE -1.34 % today said it has received shareholders' approval to raise Rs 15,000 crore via non-convertible bonds on private placement basis for capex, working capital and other corporate purposes.

The special resolution, listed on the agenda of the annual general meeting held, was passed by the requisite majority, NTPC said in a BSE filing.

NEW DELHI: BSE is likely to receive a license for commodity exchange by December, according to an exclusive report by ET Now.

The bourse has already applied with the market regulator Securities and Exchange Board of India (Sebi) for launching commodity exchange.

Lenders from India and abroad on Thursday said that enough capital is available to finance the realty sector.

However, they cited that the real challenges, where the government participation is required, are in the simplification of processes, digitisation of records, lowering of taxes and a new way to find lowering of the land cost.

Gold prices have outperformed the markets – S&P 500 – thus far in this century (i.e. since 2000), returning 86% more than the market if both asset classes were indexed at 100 levels starting December 31, 1999, suggests the latest World Gold Council’s ‘Gold Investor’ report for September 2017.

“The current equity bull market, now in its eighth year, is one of the longest in US history – it could very well become the longest. Even so, gold has outperformed the S&P 500 so far this century, returning 86% more than the market if we index both asset classes at 100 on 31 December 1999.

E-commerce majors Flipkart, Amazon, and Paytm Mall have seen a huge spurt in smartphone purchases on the first day of their festive season sales, beating last year's figures.

Flipkart, which kicked off its 'The Big Billion Days' (TBBD) sale on Wednesday, said it has sold 1.3 million smartphones within the first 20 hours of the category opening for sale.

The revised Mega Power Policy (MPP), which was announced by the Cabinet Committee of Economic Affairs (CCEA) in May this year, is yet to be notified. Close to 32,000 Mw of coal-based power plants are waiting to receive funds totalling Rs 6,500 crore.

The funds are required for duty refund that power developers get on the tax duties they pay for importing equipment. The CCEA extended the time period for thermal power producers to receive 'mega power' certificate to 10 years from the existing five years.

Private lender YES Bank has gone in for "rationalisation" of workforce to address certain "redundancies", the company has said.

According to reports, the bank has reduced its workforce by nearly 2,500 on account of digitisation and automation.

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