The Securities and Exchange Board of India (Sebi) will complete its investigation into complaints against Financial Technologies India Limited (FTIL, now 63 Moons) and several other entities associated with it by the end of next month.

In an order passed earlier this week, the bench of RM Sawant and Sadhana S Jadhav of the Bombay High Court said that the market regulator has agreed to complete the investigation "latest by 31/07/2017" and submit the findings to the court in the next hearing. The regulator has also submitted another report in a sealed cover to the court in compliance with its directions in December.

State-owned oil firms IOC, BPCL and HPCL on Wednesday signed an agreement to jointly set up India's biggest refinery at Ratnagiri district of Maharashtra at a cost of $30 billion or Rs two lakh crore.

Indian Oil Corp (IOC) will be the lead partner with 50 per cent stake while Hindustan Petroleum Corp Ltd (HPCL) and Bharat Petroleum Corp Ltd (BPCL) will take 25 per cent stake each.

State-run power giant NTPC has awarded Mine Developer-cum-Operator (MDO) contract for its Dulanga coal mine in Odisha, as part of its plan to produce 3 million tonnes of the dry fuel this fiscal.

NTPC made a debut in coal mining during the last fiscal.

London: A deadly night-time fire raced through a 24-story apartment tower in London early Wednesday, killing at least six people and injuring dozens more. Some desperate residents threw their children from high windows, hoping someone on the ground would catch them.

Police commander Stuart Cundy said there were six confirmed fatalities, adding that the figure was likely to rise “during what will be a complex recovery operation over a number of days.”

With petrol and diesel prices set to change on a daily basis across the entire country from 16 June, oil companies have made provisions for consumers to check the revised rate of fuels through various methods, such as LED screens at petrol pumps, toll-free number, social media posts, price revision alert on app as well as SMS facility.

The state-run oil marketing company Indian Oil Corporation Ltd., (IOC) said that for the convenience of customers, every petrol pump will now have its dealer’s code prominently displayed, to allow consumers to verify prices through SMS.

The Sensex washed out initial gains and the NSE dropped below 9,600 in the late morning trade on Wednesday on account of selling pressure, mainly in the metal counter.

The 30-share gauge resumed higher before dropping to 31,079 at 1209 hours, down 24.49 points, or 0.08%.

German luxury car maker Mercedes- Benz on launched two SUVs -- Mercedes-AMG G 63 'Edition 463' and Mercedes-AMG GLS 63 priced at Rs 2.17 crore and Rs 1.58 crore (ex-showroom Pune), respectively.

The launch boosts the company's presence in the performance SUV segment and takes Mercedes-Benz's SUV portfolio to eight products, Mercedes-Benz India said in a statement.

Air India and other domestic airlines are "running in profit", Union Minister Jayant Sinha said today, even as the government mulls possible privatisation of the debt-laden national carrier.

He said the government would have to bring a "transformation" in Air India to make it a "good" airline.

The Securities and Exchange Board of India (Sebi) has issued a circular allowing commodity exchanges to launch options trading in commodities. Initially, an exchange can launch options in only one commodity and the position limits for options will be double that of the respective futures contract. The settlement of commodity options will be complex as they become futures contracts on settlement. This mechanism has been introduced to allow option-holders to give or take delivery, which is not possible in the current legal framework.

Private sector lender ICICI Bank on Tuesday increased its authorised capital by Rs 775 crore to Rs 2,500 crore.

“The authorised capital of the company shall be Rs 2,500 crore divided in to 1,000 crore equity shares of Rs 2 each, Rs 150,00,000 shares of Rs 100 each and 350 shares of Rs 100,00,000 crore each with rights privileges and conditions attached thereto...,” the company said in a regulatory filing.

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