The Indian advertising market is expected to become the tenth largest ad market in the world in 2017.

According to IPG Mediabrands-owned Magna report, Italy was the tenth largest ad market in the world up to 2016, but India will leapfrog the country, pushing it out from the top-ten list this year.

Mumbai, June 20: Reliance Communications (R-Com) has started monetising its real estate assets in New Delhi and Navi Mumbai, a move that could bring down its debt by Rs 8,000-10,000 crore.

The Anil Ambani-company is already in the process of reducing its debt by Rs 25,000 crore from two transactions - the merger of its wireless business with Aircel and a 51-per-cent stake sale in its tower assets to Brookfield Infrastructure of Canada.

Mumbai: The Indian rupee on Wednesday weakened for the second session against the US dollar tracking losses in the Asian currencies markets.

The rupee opened at 64.62 and touched a low of 64.64 a dollar. At 9.15am, the rupee was trading at 64.60 a dollar, down 0.2% from its Tuesday’s close of 64.50.

Prime Minister Narendra Modi on Wednesday led the country-wide celebrations in Lucknow, where an estimated 50,000 enthusiasts, including Chief Minister Yogi Adityanath, stretched an extra muscle in various yogic postures.

Addressing a huge gathering at the Ramabai Ambedkar Maidan on the occasion of the third International Yoga Day celebrations, Modi asserted that the traditional practice has now become part of every person's life.

Legendary leg-spinner Anil Kumble has decided against continuing as the head coach of the Indian cricket team, it was announced on Tuesday.

According to reports, Kumble, whose one-year tenure was scheduled to end at the conclusion of the ICC Champions Trophy in England and Wales, stayed back in England instead of travelling with the team for their next assignment in the West Indies.

Larsen & Toubro (L&T) was up nearly 2% to Rs 1,781 on BSE in intra-day trade after nearly 2.5% of total equity of the construction & engineering major changed hands via multiple block deals.

Till 09:41 am; around 22.90 million equity shares representing 2.5% of total equity of L&T have changed hands on the BSE, the exchange data shows.

The I-T Department has charged family members of RJD chief Lalu Prasad, including his wife, son and daughters, under the Benami Transactions Act in connection with its probe into land deals worth Rs 1,000 crore and tax evasion.

The Income Tax (I-T) Department has served notices of attachment of assets to Lalu's daughter Misa Bharti and her husband Shailesh Kumar, his wife and former Bihar Chief Minister Rabri Devi, son and Bihar Deputy Chief Minister Tejashwi Yadav and daughters Chanda and Ragini Yadav.

The GMR group is planning to bid for expansion and modernisation of existing airports in Serbia and Jamaica, as it aims to double airports to 10 under management over the next few years.

"We are looking for opportunities both in India and abroad. We have qualified to bid for Belgrade (Serbia) and Kingston (Jamaica) airports," said Sidharth Kapur, president, GMR airports on Tuesday.

Markets regulator Sebi is likely to amend some existing regulations to ease the insolvency process initiated by the Reserve Bank of India (RBI) and other lenders against companies with high debt.

According to sources, Sebi is planning to reduce the timeline for completion of takeover from six months to 30 days for acquirers in the case of insolvency proceedings. Price discovery and disclosure-related rules in such takeovers are also expected to be relaxed.

Lenders to Monnet Ispat on Tuesday gave the mandate to the State Bank of India, the lead lender, to move an application before the National Company Law Tribunal (NCLT) to start the resolution process for the ailing steel firm.

A senior public sector bank executive said the lenders had given their nod to file the application under the Insolvency and Bankruptcy Code.

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