The Securities and Exchange Board of India (Sebi) on Thursday said exchanges would be allowed to deal in both equities and commodities from October 2018, a move that would benefit the National Stock Exchange (NSE), the BSE, and the Multi Commodity Exchange (MCX), which currently trade in either of the two categories.

The capital markets regulator also announced easier access norms for foreign investors and capped cross-holdings in credit rating agencies (CRAs) as well as mutual funds (MFs) to safeguard investors’ interest.

MANGALURU: Slowdown in economy coupled with high stress level in the banking sector is expected to restrict credit growth at around 8 per cent during the current fiscal despite government's thrust on loan expansion, reveals the ASSOCHAM study.

However, this would be slightly better than the five decade low growth of 5.1 per cent in non-food credit recorded for the financial year ended March 2017.

NEW DELHI: For the second day in row, the equity markets witnessed profit booking towards the fag end of the trading session as the benchmark indices could not hold on to the gains made through the day.

30-share BSE Sensex lost 63.78 points to close on 33,848.03 while the broader 50-share NSE Nifty finished on 10,477.90, losing 12.85 points.

Telecom operators have gone all out to tackle the Reliance Jio freebie juggernaut that has taken the country’s fancy. Now, after Vodafone and Airtel, Idea Cellular has come up with a massive new plan. The company has upgraded its Rs 309 plan and will now offer its users 1.5 GB data per day. Previously, Idea was giving 1GB daily data at the same price. This means that in 28 days, which is the validity of the pack, the company will offer a total of 42GB instead.

NEW DELHI: A consortium of Indian state-run oil and gas hunters led by ONGC Videsh Ltd (OVL) appears set to drop anchor in Israeli waters for the first time amid New Delhi's growing closeness with Tel Aviv and a widening chasm with Iran over its recalcitrance in awarding the Farzad-B gas field discovered by the same Indian grouping.

NEW DELHI: The Lok Sabha on Wednesday approved a bill to hike cess on luxury vehicles from 15 per cent to 25 per cent with a view to enhance funds to compensate states for revenue loss following the rollout of GST.

The GST (Compensation to States) Amendment Bill, 2017, was passed by the Lower House amid uproar by the opposition over controversial comments made by Union Minister Anant Kumar Hegde on secularism and the Constitution.

Mumbai: The attempts by realty major DLF to bring down its debt received a boost on Wednesday with its shareholders approving an issue of debentures and warrants to promoters in lieu of a Rs 11,250-crore equity infusion into the company.

This comes a day after the promoters concluded the sale of a 33.34 per cent stake in its rental arm to Singapore's GIC for Rs 9,000 crore.

Maruti Suzuki (MSIL) on Wednesday entered into an agreement with the Delhi government to set up state-of-the-art automated driving test centres across 12 locations in the capital. A memorandum of agreement (MoA) was signed between the department of transport, NCT of Delhi, and Maruti. Under the MoA, Maruti will set up automated driving test centres comprising scientifically-laid driving test tracks, high-definition cameras and an integrated IT system, as approved by the department of transport.

India’s Tata Consultancy Services Ltd. will have to defend itself at a U.S. trial over claims that it’s biased against American workers. A federal judge in Oakland, California, on Wednesday rejected a request from the information technology outsourcing giant to dismiss a 2015 lawsuit accusing it of violating anti-discrimination laws by favoring South Asians. In a further setback for the company, the judge also expanded the case into a class action on behalf of American workers who lost their jobs at TCS offices in the U.S. because they hadn’t been assigned to any of its clients. A TCS representative declined to comment on the ruling.

India will “leapfrog” Britain and France to become the world’s fifth largest economy in 2018, ahead of an oncoming major global economic shift towards Asia, according to a British research organisation. The World Economic League Table (WELT) 2018 released on Monday by Centre for Economics and Business Research (CEBR) said that in dollar terms India will rise from its seventh rank to overtake those European economies next year despite the stumble of demonetisation and the introduction of Goods and Services Tax (GST).

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