Private equity fund Carlyle, through one of its arms, has completed the buyout of GE Capital’s stakes in its two credit card joint ventures (JVs) with State Bank of India (SBI), the lender told stock exchanges on Friday. The PE player will hold a 26% stake in each of the two JVs — SBI Cards & Payments Services and GE Capital Business Process Management Services — both of which come under the SBI Card umbrella.

Reliance Communications (RCom) and China Development Bank (CDB) on Friday approached the National Company Law Tribunal (NCLT) in Mumbai for an adjournment of the latter’s insolvency petition till next month, amid talks they have begun negotiations for an out-of-court settlement.

CDB, which had lent $1.78 billion to RCom, had filed the petition under the Insolvency and Bankruptcy Code (IBC) on November 27, after the company defaulted on its dues.

The GMR Group on Friday said it along with its partner Philippines-based Megawide Construction Corporation emerged as the lowest bidder for the $250 million Clark International Airport project in the southeast Asian nation.

Clark airport is being developed by Government of Philippines through a hybrid model with EPC and O&M tenders being issued separately.

YES Bank will join the list of 30 most tracked stocks in the bellwether index S&P BSE Sensex from next week.

YES Bank will be included in the S&P BSE Sensex comprising of 30 companies with effect from December 18, 2017, Yes Bank said in a regulatory filing.

Mumbai: The Indian rupee strengthened against the US dollar ahead of the exit poll predictions of Gujarat election on Thursday.

At 2pm, the home currency was trading at 64.31 a dollar, up 0.20% from its Wednesday’s close of 64.44. The rupee opened at 64.32 a dollar and touched a high and a low of 64.25 and 64.33, respectively.

Power equipment maker Bhel said today that it has won a Rs 7,300 crore order for setting up a Supercritical Thermal Power Project (TPP) in Tamil Nadu.

The order for setting up the 2x660 MW Udangudi TPP has been placed on the state-owned firm by Tamil Nadu Generation and Distribution Corporation Ltd (TANGEDCO), Bhel said in a statement.

If you are an advertiser on Facebook, you now have a bigger audience to cater to as Facebook has launched a click-to-WhatsApp button on its platform that will let advertisers connect with over one billion WhatsApp users.

Facebook that has over two billion users confirmed this to TechCrunch on Friday that it is rolling out the feature gradually, starting with North and South America, Africa, Australia and most of Asia.

NEW DELHI: The equity markets on Friday despite heavy selling in the last hour of trading, managed to close with solid gains.

30-share BSE Sensex closed on 33,462.97, up by 216.27 points while the broader 50-share NSE Nifty gained 81.15 points to finish on 10,333.25. Both the indices gained 0.70 per cent during the day.

Mumbai: The Securities and Exchange Board of India (Sebi) and the Reserve Bank of India (RBI) are in consultations to give a boost to interest rate futures (IRF) which is currently struggling under low volumes, Sebi chairman Ajay Tyagi said on Thursday.

“With RBI we are re-looking at IRF which is currently seeing less traction,” Tyagi said at the NSE-NYU conference on Indian Financial Markets in Mumbai.

New Delhi: Yes Bank Ltd will join the list of 30 most tracked stocks in the bellwether index S&P BSE Sensex from next week.

Yes Bank will be included in the S&P BSE Sensex comprising of 30 companies with effect from 18 December 2017, Yes Bank said in a regulatory filing.

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