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.

Key indices on Monday open in green with Nifty reaching up to record high of 10,154.35 and Sensex gains180.15 points to trade at 32,452.76 following Asian markets which hit 10-year high on Monday.

At 9:17 am, the S&P BSE Sensex was trading at 32,458, up 185 points while the broader Nifty50 index was ruling at 10,150, up 65 points.

Infosys Senior Vice-President Sanjay Rajagopalan has resigned from his post, a month after Vishal Sikka stepped down as the company's managing director and CEO.

In his LinkedIn profile, Rajagopalan described himself as a "free man".

The government has formed an advisory panel that would decide the valuation for Oil and Natural Gas Corporation (ONGC) buying the 51 per cent stake in Hindustan Petroleum Corporation (HPCL), said its Chairman and Managing Director M K Surana.

Union Finance Minister Arun Jaitley is heading the three-member ministerial panel to oversee and expedite the sale of the government stake.

Indian markets ended little changed after a volatile trading session on Friday, as global markets weakened amid elevated military tensions over a new missile launch by North Korea.

The BSE Sensex closed up 30.68 points, or 0.1%, at 32,272.61 points and the National Stock Exchange’s Nifty edged down 1.20 points, or 0.01%, to close at 10,085.40.

Mahindra & Mahindra has confirmed to Autocarindia.com that it will launch the new SsangYong Rexton in the country by the second month of next year. We also reported in March this year that SsangYong revealed the official sketches of the 2018 Rexton then unveiled the new SUV at the 2017 Seoul Motor Show. The new SsangYong Rexton is based on the LIV-2 Concept showcased at the 2017 Paris Motor show and will be lighter than the predecessor model. The all-new G4 SsangYong Rexton will be locally manufactured in that will include welding parts and paint jobs.

The government will soon start linking driving licences with Aadhaar cards, Electronics and IT Minister Ravi Shankar Prasad said on Friday. "It would be done soon to check the menace of multiple licensing," he said while inaugurating the Haryana Digital Summit-2017.

"I have already had a word with Minister for Road Transport and Highways Nitin Gadkari, and the process to link the two would be set in motion soon," he added.

New Delhi: NTPC Ltd., India’s biggest electricity producer, has boosted natural gas-fired generation as a drop in hydropower, nuclear and wind energy increases demand for thermal power, according to company officials with knowledge of the situation.

Plant utilization at NTPC’s gas-fired stations has almost tripled to 60% in the past three to four days, said the officials, who asked not to be identified, citing company policy. That compares with an average plant utilization of about 24% for NTPC’s gas-fired stations in the three months ended June, when summer demand peaks.

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