Sebi has kept processing of Barbeque Nation Hospitality's proposed IPO in abeyance "pending regulatory action for past violations", the latest update with the markets regulator showed.

However, the Securities and Exchange Board of India (Sebi) did not clarify on whether violations have been committed by the company or related entities.

After the Tiago hatch, the Tigor compact sedan seems to have clicked for Tata Motors as well, helping the company improve its market share in the segment.

Tata Motors has emerged as the second key player in the compact sedan segment, up from the fourth spot a year ago.

State-owned power equipment maker Bharat Heavy Electricals Ltd (BHEL) has paid a final equity dividend of 39 per cent for 2016-17.

With this, the total dividend paid during the year stands at 79 per cent, including an interim one of 40 per cent paid earlier, BHEL said in a statement on Wednesday.

India's second-largest software services firm Infosys on Wednesday said it has bagged a contract from KONE, a leading player in the global elevator and escalator industry.

No financial details of the deal were disclosed.

Chandigarh, Oct. 3 (PTI): Honeypreet Insan, who claims to be the adopted daughter of jailed Dera Sacha Sauda chief Gurmeet Ram Rahim, was arrested today by Haryana police in connection with the violence that followed Gurmeet's conviction on rape charges on August 25.

The arrest came hours after Honeypreet, accused of trying to orchestrate Gurmeet's failed escape bid after the conviction, appeared on two private television channels and interacted with journalists at an undisclosed location. The police had been looking for her for more than a month.

The government knows that if it has to get more suitors for Air India Ltd, it will have to offload a good portion of its gigantic debt. A report in The Economic Times on Monday said that of the airline’s total debt of Rs52,000 crore, about Rs33,000 crore will be transferred to a special purpose vehicle (SPV). The remaining debt, which is against aircraft purchases, will remain on its books, said the report.

Bajaj Auto Ltd has shifted into the fast lane in September, ending a long ride in the slow lane. Motorcycle sales bounced back while its commercial vehicle (three-wheeler) segment revved up growth. This does signal an improvement in prospects, assuming sales growth sustains, but what is equally important is whether this can translate into higher profit margins.

Domestic motorcycle sales in September comprised 58% of total sales during the month, and rose by 7.3% over a year ago. This has come after 10 successive months of declining sales growth. Better still, Bajaj Auto has regained some lost share—rising from 18% a year ago to 20%—and the management is confident that it can increase further to 25% by end-fiscal year 2018 (FY18).

In a bid to bolster its Mixed Reality vision, Microsoft has acquired Redwood City, California-based virtual reality social network AltspaceVR for an undisclosed sum. “With the AltspaceVR team aboard, we look forward to building the world’s pre-eminent mixed reality community,” Alex Kipman, Microsoft’s inventor of HoloLens, said in a post late on Tuesday.

Shares of Reliance Communications (RCom) on Tuesday ended nearly 11% down on the bourses, eroding as much as Rs 523 crore in market capitalisation.

The RCom stock opened on at Rs 18.70 on the BSE, then lost further ground and fell to an intra-day low of Rs 16.75.

Sensex and Nifty opened marginally higher on Wednesday, later extended the morning gains in a muted trade activity as the attention of market participants shifts to the outcome of the Reserve Bank of India’s bi-monthly monetary policy. BSE Sensex gained 25 points to open at 31,522.17 points and NSE Nifty too added 25 points to open at 9,884.35 points. Meanwhile, Japanese shares jumped in the early trade on Wednesday led by auto stocks as US demand for cars rose following damage from recent hurricanes. The benchmark Sensex shuttled in the range of 31,457.78-31,619.82 points till the early morning trade while the broader Nifty 50 rose 41 points to hit 9,900.75 points.

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