New Delhi: The State Bank of India (SBI) has defended financing a US cluster bomb manufacturer, saying its investments were legal, after being put in a “Hall of Shame” along with several other major banks by a Dutch campaign group.

A report by PAX last week listed the government-owned bank as one of 158 lenders—including JP Morgan Chase, Barclays, Bank of America and Credit Suisse—that violated an international ban for investing in cluster bomb firms.

The market regulator is reworking its plans for a capital-raising platform targeted exclusively at start-ups after the concept failed to take off a year after it was proposed.

Now, the Securities and Exchange Board of India (Sebi) is considering sweeping changes to the listing framework for technology-focused start-ups that will allow them to trade publicly on regular stock exchange platforms, said two people familiar with the matter.

YES Bank has moved higher to its record high of Rs 1,092 on the BSE in an otherwise subdued market, after Nomura maintained a ‘buy’ rating on the stock with revised target price of Rs 1,300 from its earlier target of Rs 1,125.

YES Bank’s asset quality, according to the research firm, has held up better than most corporate banks.

Exactly a decade ago, National Institute of Design-graduate Pratap Bose made a daring presentation to Tata Group scion Ratan Tata about what Tata Motors design stands for and what it should be.

At that time, Tata Motors was the country's second-largest car maker, but its designs were not really hot favourites. Bose, who had by then worked with Daimler and Piaggio, rooted for a sharper and more aggressive change to Tata design in his vision statement.

Markets edged higher in late trades on Thursday after European shares extended gains after voting started in a historic referendum whether Britain should remain as the member of the European or not.

At 2:40pm, the S&P BSE Sensex was up 212 points at 26,978 and the Nifty50 was up 56 points at 8,260.

ITC Ltd. said it has been advocating compulsory licensing of all cigarette-making units irrespective of size, and increase in customs duty on imported cigarettes to rates fixed by the World Trade Organization (WTO).

"Your company continues to make representations to policy-makers recommending compulsory licensing of all cigarette manufacturing units irrespective of size, increase in customs duty on imported cigarettes to WTO bound rate levels," said ITC, India's largest cigarette maker, in its Annual Report.

Tata Consultancy Services (TCS), India’s largest IT service provider, on Thursday announced that CHROMA — TCS’ cloud-based HR solution platform will be implemented at Bajaj Finance, a non-banking financial company in India.

The platform will enable and enhance the new generation HR experience to over 6,000 employees in BFL. With integrated processes on a single platform, Bajaj Finance can automate talent management process and cross functional view.

Subscribers of Reliance Communications' CDMA devices, who have a 4G SIM, will now be able to access the service as the company had received the legal intercept and monitoring (LIM) approval from the department of telecom in 12 out of 22 circles.

The first 12 circles are Andhra Pradesh, Delhi, Gujarat, Kolkata, Maharashtra, Punjab, east and west Uttar Pradesh, Mumbai, Orissa, Madhya Pradesh and Bihar.

Mumbai: Indian stocks fell for a second day before the UK votes on whether to leave or remain in the European Union (EU).

Tata Motors Ltd, owner of Jaguar Land Rover that gets about 25% of its revenue from Europe, tumbled for the first time in seven days. ITC Ltd, India’s biggest cigarette company, slid for a second day this week after its chief said he will step down next year.

New Delhi: The Aam Aadmi Party (AAP) is set to contest elections in the states of Punjab and Goa next year. In the run-up to these elections, the party is banking on the campaign strategies it used before the Delhi elections, including crowd sourcing their manifesto and door-to-door campaigning.

In Delhi, the AAP managed to secure a historic victory by winning 67 out of the 70 seats in the assembly. Punjab and Goa will be the first states the party will contest after their Delhi win.

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