The central government might decide to list the National Highways Authority of India (NHAI) on the stock exchanges, as a way to bypass the need for bank funding.

And, perhaps also use the engineering, procurement and construction (EPC) model for financing road construction, said Nitin Gadkari, the minister in charge. “It (NHAI IPO) is in the process now. I'm thinking, but I need approval from the finance ministry,” he said. The minister did not reveal details of a plan to list the NHAI, beyond saying he needed approval from the ministry for this. He complained banks were taking up to 12 months to approve financial closure for highway projects.

Mumbai: The rupee on Monday erased all the gains and closed over fresh one month low as traders turned cautious ahead of the Federal Reserve meeting that begins on Tuesday.

The rupee closed at 64.14 a dollar—a level last seen on 18 August, down 0.09% from its Friday’s close of 64.08. The home currency opened at 64.07 a dollar and touched a high and a low of 64 and 64.15 respectively.

Bengaluru: After winning last year’s make-or-break Diwali sale battle, online retailer Flipkart Ltd plans to add a large number of new customers for the first time in more than a year and extend its slender lead over arch-rival Amazon.com Inc. in this week’s Big Billion Days sale.

Flipkart is betting on smartphones, televisions and refrigerators to drive sales to existing customers and on fashion, accessories and home and furniture products to lure new users, a majority of whom will be women, according to its estimates.

The Government has been mulling over making Pan Card mandatory for NGOs and business entities. According to reports, the Ministry of Corporate Affairs (MCA) has proposed amendments to the I-T and PMLA Acts and making it compulsory for companies/NGOs to get a PAN at the time of incorporation.

The company's top executives might also have to submit their Aadhaar details. Experts believe that the move would help in curbing black money and would make it difficult for benami properties to survive.

Bajaj Auto hit a record high of Rs 3,129, up 3.5% on BSE in intra-day trade to regain its status as the country’s most valued two-wheeler company in terms of market capitalisation (market-cap).

The stock surpassed its previous high of Rs 3,122 touched on September 9, 2016 in intra-day trade.

MUMBAI (Reuters) - Ford Motor Co and Indian automaker Mahindra and Mahindra Ltd announced they are exploring forming a strategic alliance, as traditional automakers increasingly collaborate to meet the threat of competition from technology-focused firms.

The companies said in a joint statement on Monday the areas of potential co-operation include connected cars, mobility programs, electric vehicles and sourcing among other areas.

NEW DELHI: The government has decided to sell some of Air India's real estate directly to expedite the state-owned carrier's divestment. This follows the discovery that some of the assets are not owned by the carrier but on a 99-year lease from the government.

"Properties where the government has the ownership will go back to the government, which will sell it on behalf of Air India," said a senior aviation ministry official who did not want to be named. Air India officials confirmed that two such properties in Delhi owned by the urban development ministry have already been identified.

New Delhi, Sept. 17 (PTI) Market regulator Sebi will update its board tomorrow on action being taken against suspected shell companies allegedly abetting the routing of illicit funds through stock markets. Those under the scanner include over 300 listed companies as also hundreds of unlisted entities and individuals, suspected to be misusing the stock exchange platform for tax evasion, among other wrongdoings, a senior official said.

Besides, the board would consider other proposals including expediting settlement proceedings and streamlining its internal mechanism to better decide on whether they need soft or hard enforcement actions.

JLR retail volumes increased by only 4% y-o-y in August 2017, which was weaker than our estimates due to lower-than-expected ramp-up of new Discovery and Velar. JLR China volumes continue to grow at strong pace (30% y-o-y) but volumes in other markets declined on a yoy basis. Range Rover Velar has received strong response from customers and has a three-month waiting period across markets. We expect double-digit growth in JLR volumes from October 2017 onwards. We maintain Buy rating.

NEW DELHI: State-owned telecom operator Bharat Sanchar Nigam Limited (BSNL) is partnering with homegrown mobile device makers— Lava and Micromax— to unveil co-branded feature phones at a close to Rs 2,000 price point with bundled freebies in October.

“Our strategy is away from procurement. We are trying to come up with our own bundled phone equipments and in about a month time, you will see co-branded feature phones with various manufactures will come,” BSNL chairman Anupam Shrivastava told ETTelecom.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.