The Securities and Exchange Board of India (Sebi) on Friday directed Mukesh Ambani’s Reliance Industries Ltd (RIL) to disgorge Rs 447.27 crore, made “unlawfully” by dealing in shares of its erstwhile subsidiary, Reliance Petroleum (RPL).

The markets regulator also barred RIL from the futures and options (F&O) segment for a year and asked it to settle all existing open positions. It will also have to pay 12 per cent interest on the disgorgement amount since November 29, 2007.

NEW DELHI: The government on Friday said it has no plans to come out with Rs 5,000 and Rs 10,000 banknotes.

"The matter was examined in consultation with the Reserve Bank of India and it has not been fund suitable to introduce of Rs 5,000 and Rs 10,000 note," minister of state for finance Arjun Ram Meghwal said in a written reply to the Lok Sabha.

Consulting and outsourcing services provider Accenture Plc slightly raised its full-year profit forecast, but the revised outlook was still largely below market expectations, sending the company’s shares down as much as 4.5 percent. Accenture has invested heavily in its fast-growing businesses, such as digital and cloud services, amid stiff competition from Cognizant Technology Solutions Corp and IBM Corp.

Coal India, ONGC and Indian Oil Corporation emerged as star financial performers among India’s central public sector enterprises in 2015-16, whereas SAIL, BSNL and Air India incurred most losses, a government survey has showed. The Public Enterprises Survey, tracking the performance of CPSEs in 2015-16, revealed that the top three loss-making CPSEs — SAIL, BSNL and Air India — incurred a loss equal to 51.65 per cent of the total loss made by the top 10 loss-making CPSEs in 2015-16.

Despite extended monsoons and demonetisation, the National Highway Authority of India (NHAI) has achieved the best track record in completing highway projects during the current financial year ending March, an analyst report said on Friday.

“Financial year (FY)17 highway completion will be the best ever. On the back of current pickup in execution, we expect NHAI to complete 2,800 km in FY17 (current highest is 2,844 km in FY13), a 41 per cent growth in completion for the full year…,” US investment banking firm Jefferies said in a research note.

Agriculture-commodities bourse NCDEX today said it has sought regulator SEBI’s nod to relaunch futures trading in pulses, especially chana, tur and urad. Tur (pigeon peas) and urad (black gram) were banned in 2007, while chana (gram) was suspended last year after prices soared, leading to a rise in inflation. “Farmers are seriously asking for pulses futures as (wholesale) prices have crashed below the MSP in some parts.

The Central Bureau of Investigation (CBI) on Friday filed a charge sheet against Jindal Steel's advisor Anand Goel, Gurgaon-based Green Infra's vice-president Siddharth Madra, Mumbai-based KE International's Chief Financial Officer Rajeev Aggarwal, Nihar Stocks Limited Director BSN Suryanarayan and Mumbai's Essar Power Limited Executive vice chairman Sushil Kumar Maroo.

MUMBAI: Stock markets opened higher on Friday with the benchmark BSE Sensex advancing by 113 points in early trade on continued buying by investors in banking and FMCG stocks.

The 50-share Nifty of National Stock Exchange also regained 9,100 level by rising 32.80 points to 9,119.10 with 30 of index constituents making advances.

Tata Motors will raise up to Rs 500 crore via issuance of non-convertible debentures (NCDs) on a private placement basis.

“A meeting of duly authorised committee was held today approving offering for subscription on a private placement basis, up to 5,000 rated, listed, unsecured, 7.84 per cent coupon, redeemable, non-convertible debentures aggregating up to Rs 500 crore,” Tata Motors said in a BSE filing.

As part of the plan to become India’s biggest renewable energy producer, National Thermal Power Corporation (NTPC) is looking at buying stake in government’s Miniratna company – SJVN Ltd.

SJVN is a joint venture of government of India and government of Himachal Pradesh to generate clean electricity through hydro and wind power projects. The central government holds 64.46% stake in the company, followed by 25.51% held by the government of Himachal Pradesh and the balance 10.03% by public.

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