Banking, healthcare and FMCG stocks weighed heavy on markets on Friday as the Sensex faltered and the Nifty dropped below the key 10,000-mark in early session.

Asian shares were a mixed bag.

The 30-share Sensex fell 76.20 points — or 0.23 per cent — to 32,161.68. The gauge had lost 337 points in the previous two sessions.

Air India Chairman and Managing Director (CMD) has passed an order to recover unauthorised payments made to carrier’s employees. The order paves the way to recover money from the salary of carrier’s Chief Vigilance Officer (CVO), was has been charged of misusing her position and mistreating public fund. Ms. Shobha Ohatker, CVO of Air India, is facing charges of corruption against her. She has been accused of staying in hotels and flying to different destinations from the funds of Air India. Ohatker, an IPS officer from the batch of 1990, has been with Air India since 2015.

KOLKATA: Idea CellularBSE -0.70 % and Vodafone India plan to shortly kick off operational integration of their networks following the go-ahead by the competition regulator. But the exercise is likely to be fraught with challenges, possibly requiring tough and costly calls leading to consolidation of their ecosystem partners, experts said.

The Idea management, at an earnings call last week, said the company can “now plan the integration aspects” with approvals in place from the Competition Commission of India (CCI) for its merger with Vodafone India.

The Securities and Exchange Board of India (Sebi) has made it compulsory for listed companies to make a disclosure to the stock exchanges if they default on any interest or principal payment obligation to banks.

At present, under Sebi’s Listing Obligations and Disclosure Requirements, companies have to make specific disclosures if there is a delay or default in payment of interest or principal on only debt securities such as non-convertible debentures, listed non-convertible redeemable preference shares or foreign currency convertible bonds.

The country’s largest oil and gas producer Oil and Natural Gas Corporation (ONGC) has said it has completed the Rs 7,738-crore acquisition of an 80 per cent stake in Gujarat State Petroleum Corp’s (GSPC’s) KG basin gas block.

ONGC had, in December last year, agreed to buy the entire 80 per cent interest of GSPC along with operatorship rights, in Deen Dayal West (DDW) gas field in Block KG-OSN-2001/3 in the Bay of Bengal for $995.26 million (Rs 6,443 crore).

The Women’s World Cup final between India and England grabbed eyeballs in India, raking in 19.53 million impressions during the telecast. It was by far the most-watched match of the International Cricket Council (ICC) Women’s World Cup this year, bringing in viewers from rural and urban India.

According to data provided by Broadcast Audience Research Council (BARC) India, the viewership from rural India was 9.9 million impressions, marginally more than the 9.5 million impressions registered in the urban audience.

The government has made Aadhaar number mandatory for the registration of death from October 1, to prevent identity fraud. The home ministry said today that it would be applicable for the residents of all states except Jammu and Kashmir, Assam and Meghalaya, for which a date would be notified separately.

"Aadhaar number will be required for the purpose of establishing the identity of the deceased for the purpose of death registration with effect from October 1," according to a notification issued by the home ministry.

State-run Hindustan Petroleum Corporation posted a 56% drop in net profit for the first quarter of the financial year 2017-18 ended June 30 at Rs 924.75 crore, as against Rs 2,098.38 crore during the same time last year.

Meanwhile, the company's revenue for the period under review saw a 13 per cent increase to Rs 59,891.27 crore compared to Rs 51,599.52 crore during the April to June quarter of 2016-17.

Hyundai Motor India on Friday unveiled the all new version of its mid-sized sedan, Verna which is slated to be launched later this month.

The fifth generation Verna is based on a newly developed K2 platform and has been developed with an investment of Rs 1,040 crore.

The new telecom policy in the works should ensure equal policies for competing technologies, an advance yearly road map for spectrum allocation, and cut levies for operators, industry body COAI has said. The policy should have some “permanent fixes” for the failing financial health of the sector and the industry cannot be treated “as a place to go for revenue”, COAI Director General Rajan Mathews told PTI. The policy — the work on which has already started at the telecom department — should ensure level-playing-field between mobile operators and over-the-top players (Internet- based calling and messaging providers like WhatsApp).

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