ITC Infotech, a subsidiary of ITC Ltd, is looking for buyouts in the automation space to become a futuristic software firm.

The company has set a budget ranging from $25 million to $50 million for this purpose, Sushma Rajagopalan, MD and CEO of ITC Infotech, said.

The ED on Friday said it had attached a three-acre plot worth Rs 45 crore in the Bihar capital in connection with its money-laundering probe in the IRCTC hotel allotment scam case involving RJD chief Lalu Prasad and his family.

Agency sources said the land is allegedly in the name of the family members of Lalu Prasad and a mall was supposed to be constructed there. The market value of the plot is Rs 45 crore, they said.

New Delhi: Tata Motors on Friday reported 22 per cent increase in its total global sales at 1,12,473 units for November.

Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range in November 2017 were at 40,845 units, an increase of 51 per cent over the same month last year, the company said in a statement.

NEW DELHI: The markets on Friday took off from the launchpad of yesterday's positive sentiment as Sensex gained almost 200 points in initial trade.

30-share BSE Sensex gained 84.99 points to start trading on 33,034.20 and 50-share NSE Nifty opened on 10,198.45, up by 31.75 points. In early trading, both indices were gaining more than half a per cent.

Bitcoin rocketed to a lifetime high well above $16,000 on Thursday after climbing some 67 percent over one week, intensifying the debate about whether the cryptocurrency is in a bubble about to burst.

The largest U.S. cryptocurrency exchange struggled to keep up with record traffic as the price surged, with an upcoming launch of the first bitcoin futures contract further fueling investor interest.

After the Narendra Modi-led government announced a massive Rs 2.11 lakh crore for recapitalisation of banks in October this year, former SBI Chairman Arundhati Bhattacharya called for a three-pronged approach to solve India’s NPA mess. Speaking to ET Now, on the sidelines of an event, Arundhati Bhattacharya said, “ The NPA mess needs a three-pronged approach. There has to be recognition, resolution and recapitalisation. All three must go together. The recognition and resolution were over, and now the recapitalisation has also come.”

Coal India reported 5% y-o-y growth in dispatches for the month of November 2017, a drop from the strong-double digit growth of the preceding few months as the favorable-base effect catches up. A demand-supply mismatch and lower inventories led to sharp improvement in supply to the power sector, as well as reflected in improvement in e-auction premiums for October 2017. Maintain REDUCE rating with target price of Rs 255/share.

Observing that a lot of improvement is needed in corporate governance framework, Sebi whole time member G Mahalingam has called for more research work on this issue particularly in the area of board evaluation. “Lot more research and work can be done in the area of corporate governance. Recently Uday Kotak came out with its set of regulations. What are the areas in corporate governance that need improvement is a fertile area for research,” Mahalingam said here late last evening? “Board evaluation guidelines has been issued by Sebi but how is it functioning now is great area of interest.

Vodafone and Idea Cellular seem to be racing against time as they head for a merger that will create the biggest telecom firm in India.

The Street is watching with trepidation the timelines for the merger, which are critical to prevent further erosion in market share and Ebitda of Idea Cellular. The businesses of both Vodafone-Idea has deteriorated since the merger announcement three quarters back.

Gold prices today dipped below the Rs 30,000-mark, falling by Rs 100 to trade at over three-month low of Rs 29,950 per 10 grams at the bullion market, tracking a weak trend overseas amid muted demand from local jewellers.

Silver also went down by Rs 375 to Rs 38,125 per kg due to reduced offtake by industrial units and coin makers.

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