Three senior bureaucrats, including Economic Affairs Secretary Shaktikanta Das, are believed to be in contention for the post of capital market regulator Sebi chairman after the extended tenure of incumbent U K Sinha ends early next year.

The process for choosing the next chief of the Securities and Exchange Board of India (Sebi) started in September and the government has received many applications. The current tenure of Sinha, who has been at the helm of the watchdog since February 2011, ends on March 1 next year.

The Nifty settled marginally lower in a dull trading session on Wednesday, in the absence of any major cue. After a flat start, it hovered in a narrow range till late, but a slide in the last one hour of the trade pushed it into negative territory. The Nifty finally closed 21.10 points lower at 8,061. Most sectoral indices also followed suit and closed on a flat note.

Market experts said that the boredom continues in the market for the fifth consecutive session as the participation from strong hands seems missing towards the fag end of the calendar year.

The much awaited film 'Dangal' starring Aamir Khan will not light up the silver screen in Pakistan.

Contrary to reports suggesting that Bollywood films will now enjoy a free run in the neighbouring country, the Nitesh Tiwari directed flick will not be released in Pakistan.

New Delhi: Board exams for Class X are set to become compulsory for all Central Board of Secondary Education (CBSE) students from 2018 as CBSE’s governing body on Tuesday “unanimously approved” a proposal in this regard. At the meeting of the governing body, its members agreed that from the academic session 2017-18, compulsory Board exams should be introduced for all students of Class X, people aware of the development said.

MUMBAI: The Brookfield Group is set to sign as early as Wednesday a definitive agreement with Reliance CommunicationsBSE 8.70 % to buy a majority stake in the Anil Ambani-controlled telecoms company’s tower unit for about Rs 11,000 crore.

The companies signed a non-binding pact on the transaction on October 14. The deal values the tower assets at more than Rs 21,500 crore. As per the understanding, the assets of RCom’s tower unit, Reliance Infratel, will be transferred to a special purpose vehicle.

MUMBAI: State Bank of India's arm is planning to come out with credit cards for anyone who has a Rs 25,000 fixed deposit in any bank. The card will not have any charges and will be available without any proof of income or a credit history. The bank's subsidiary, SBI Cards, also plans to issue credit cards to students of top 100 educational institutions in India without any income proof.

State-owned airline Air India will get only Rs 80 crore as additional budget support in the current financial year from the government – way below its demand of Rs 2,200 crore.

This is despite the fact Air India’s chairman and managing director Ashwani Lohani had written to the government that lack of funds might derail the turnaround process of the airline. “The finance ministry accepted the civil aviation ministry’s argument that additional fund was necessary for the airline but expressed its inability to accept the full demand,” said a senior civil aviation ministry official.

MUMBAI: As the tussle between Cyrus Mistry and Ratan Tata gets closer to the crucial EGM, the workers union at the company's Pune plant are rooting for Ratan Tata’s writ to run..

Their grouse against Mistry is that even after 15 months and 17 meetings with the management, the wage agreement for various plants in Pune is yet to be finalised. The clause on the proposed 'performance linked pay' mooted under Mistry’s regime, is the main point of dispute.

Ravindra Jadeja ripped the heart out of England's batting order to bowl India to a thumping innings and 75-run victory in the fifth and final test on Tuesday. The left-arm spinner claimed seven of the 10 English wickets that tumbled in the final two sessions as India completed an emphatic 4-0 series win.

Ravindra Jadeja ripped the heart out of England's batting order to bowl India to a thumping innings and 75-run victory in the fifth and final test on Tuesday. The left-arm spinner claimed seven of the 10 English wickets that tumbled in the final two sessions as India completed an emphatic 4-0 series win.

Domestic digital payments platform FreeCharge on Tuesday launched an e-wallet protection plan for all its users.

The facility, in partnership with Reliance General Insurance Company Limited, will be offered free of cost to all FreeCharge users, the company said.

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