Amid the IT giant Infosys coming under the scanner for alleged corporate governance malpractices, Sebi chairman on Friday said the regulator will not spare any violations irrespective of whether the entity found guilty is big or small.

"Any input that we receive from any source is taken to its logical end. Sebi does not believe that just because some allegations have been made, it is true," Sinha told reporters at the international conference of commodity derivatives.

In what could be a tricky situation, some trades of overseas investors in HDFC Bank may have to be reversed, as foreign investors’ prescribed investment limit of 74 per cent in the private sector lender was breached in Friday’s trades before the Reserve Bank of India (RBI) issued a circular banning further purchases in the counter.

HDFC Bank is a favourite stock of foreign portfolio investors (FPIs), and the foreign investment cap of 74 per cent of its equity is typically fully utilised. On Thursday evening, the central bank had lifted restrictions on fresh purchases by foreign investors, as their stake had dropped below the prescribed limit. On Friday, FPIs rushed to buy the stock and the limit was crossed.

MUMBAI: The market benchmark BSE Sensex recovered over 109 points in early trade on Thursday on widespread gains amid a firming trend at other Asian bourses following another record closing of the US markets.

The 30-share barometer was quoting 109.11 points, or 0.38 per cent higher at 28,264.67. The gauge had lost 196.06 points in the previous two sessions.

Mumbai: The Indian rupee on Thursday was trading little changed against the US dollar as dealers awaited fresh global or local cues.

At 2pm, the home currency was trading at 66.93—down 0.03% from its previous close of 66.92. The local currency opened at 66.95 a dollar.

The Indian Space Research Organisation (Isro) started the year 2017 by making history, launching 104 satellites in one go and is expected to continue with the momentum as it lines up a series of important launches this year.

"We are planning to launch two satellites, one each in March and April this year," said ISRO Chairman, A S Kiran Kumar.

New Delhi: The National Highway Authority of India (NHAI) will soon bid out 33 sites across national highways in the country for its ambitious projects of way/road side amenities where convenience clusters for travellers will be build.

The sites shortlisted are Dongargaon in Nagpur, Ramanthapur in Tamil Nadu, Indore in Madhya Pradesh, Bharatpur in Rajasthan and Golara in Uttar Pradesh.

Nestle India Ltd’s need to look beyond noodles is only practical. Between its June and December 2016 financial results, the company’s share of the instant noodles category has risen by three percentage points to 60%. The good news is that it has risen. The pace of increase tells us that it’s been a gradual build-up in share, even as Nestle India has been rebuilding a lost empire since the reintroduction of noodles in November 2015.

Shares of State Bank of India (SBI) and its three listed associate banks State Bank of Mysore (SBM), State Bank of Bikaner & Jaipur (SBBJ) and State Bank of Travancore (SBT) rallied by up to 13% in intra-day trade after the Cabinet approves merger of SBI with five subsidiaries.

Among the individual stocks, SBM has rallied 13% to Rs 638, while SBBJ and SBT surged 11% each at Rs 796 and Rs 619, respectively, on the BSE in intra-day trade. Of these SBJJ hit a record high, while SBT touched 52-week high on the BSE.

Tata Consultancy Services (TCS) has informed the BSE in a filing that its board of directors would consider a proposal for buyback of equity shares of the company at its meeting to be held on February 20, 2017.

The buyback, if approved in the board meeting, would be the company's first since its listing in 2004.

As US president Donald Trump keeps the world on tenterhooks with his protectionist ways that can have a debilitating impact on the Indian IT sector, RIL Chairman Mukesh Ambani on Wednesday advised the industry to look at it as a blessing in disguise to focus on home market.

"Trump can actually be a blessing in disguise. The domestic IT industry can focus on solving problems right here, which is a huge market," Ambani told the three-day Nasscom leadership forum that opened here today.

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.