Dozens of Indian securities officials descended on the homes of brokers and others on Friday in a widespread early morning raid in Mumbai, and possibly other cities, a regulatory source said.

The Securities and Exchange Board of India (SEBI) raids are a sign that a probe by the regulator is gathering steam. The investigation is looking into who was responsible for circulating prescient messages about major Indian companies' corporate announcements in social media chatrooms, according to the regulator.

IT services major Infosys on Saturday said it has completed its Rs 13,000 crore buyback programme that saw participation from Sudha Gopalakrishnan, Rohan Murty and LIC among others.

The buyback scheme - a first in the company's over three decade history commenced on November 30 and closed on December 14.

Private sector lender Yes Bank today said it has established a Medium Term Note programme to raise $1 billion (over 6,400 crore) by issuing debt securities on private placement basis. “…The Bank has, on December 22, 2017, established a Medium Term Note programme for an amount of $1 billion, in order to enable the bank to issue debt instruments in the international capital markets, to eligible investors, from time to time, in one or more tranches and/or series,” Yes Bank said in a regulatory filing.

Looking to ride the economic boom, Air Deccan will aim to stimulate air travel demand in smaller cities rather than compete with big players, its founder Captain G R Gopinath said today ahead of the launch of its maiden flight under the regional air connectivity scheme. Nearly a decade after bidding adieu to scheduled air services, Air Deccan would today start services on Mumbai-Jalgaon route.

Two days after a special court found the UPA telecom minister A Raja, DMK leader, and MP Kanimozhi were not guilty in the 2G spectrum case, the duo arrived in Chennai. The Chennai International Airport was swamped with DMK supporters with huge posters of Kanimozhi, A Raja along with DMK leader MK Stalin was seen at the venue.

The Bharatiya Janata Party (BJP) victory in Gujarat was largely based on the support it received in the urban areas. In rural areas, however, the Congress generally held sway. As a result, the urban-rural divide, or what has been called the gulf between “India” and “Bharat”, was quite prominent in the state.

The Rewa Ultra Mega Solar (RUMS) park will save Rs 2,086 crore for Madhya Pradesh government's power utilities and Rs 1,220 crore for Delhi Metro over 25 years. The marque project of the state government in February 2017 threw up record low tariff of Rs 2.97 a unit (kilowatt/hour) during bidding.

The National Stock Exchange of India (NSE) hosted many of India's initial public offerings (IPO's) in what's been the best-ever year for new listings. Unfortunately for its shareholders, the NSE itself missed out on the party.

The operator of the country's dominant bourse shelved plans to list this year because of an investigation into whether the exchange gave high-frequency traders unfair access to its systems.

Bitcoin plunged by a quarter to below $12,000 on Friday as investors dumped the cryptocurrency in manic trading after its blistering ascent to a peak close to $20,000 prompted warnings by experts of a bubble.

It capped a brutal week that had been touted as a new era of mainstream trading for the volatile digital currency when bitcoin futures debuted on CME Group, the world’s largest derivatives market on Sunday.

The Reserve Bank of India has asked agency banks, banking entities engaged in government business, to promptly execute instructions from central and state governments.

They should not wait for RBI directives . “It has been brought to the government’s notice that some agency banks are not adhering to instructions/notifications issued by the government promptly.

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