Just Dial, UTI Asset Management Company and IRCTC are among the firms that have made it to the Fortune Next 500 list of Indian companies, which has been topped by Dynamatic Technologies.

Companies featuring in the Next 500 list are mostly mid-sized and termed as the 'small wonders' by the magazine.

Software major Wipro has sought the government's nod to set up an IT special economic zone (SEZ) in Kolkata.

The company's application will be considered by the inter-ministerial body, Board of Approval (BoA), headed by Commerce Secretary Rita Teaotia, in its meeting on June 22.

MUMBAI / NEW DELHI: The "multifold" increase in its fee that the Board of Control for Cricket In India (BCCI) expects from broadcast rights for the Indian Premier League (IPL) may not be a feasible proposition for most broadcasters, considering the revenue the current licence holder makes, media experts say.

New Delhi, Jun 16 () Markets regulator Sebi today added 16 more land parcels of Sahara group, with a reserve price of Rs 1,245 crore, to the list of properties to be auctioned next month for recovery of funds.

This has taken the total number of properties of the beleaguered group to be auctioned to 42 with a combined reserve price of Rs 4,345 crore.

Market benchmark BSE Sensex tanked almost 183 points and the NSE Nifty broke below the crucial 8,200—mark in early trade due to profit-booking by investors after yesterday’s gains amid weak global cues.

The 30-share barometer declined by 182.71 points or 0.68 per cent to 26,543.63 with sectoral indices banking, teck, auto, IT, capital goods and metal, leading the fall.

The price of petrol was increased by 5 paise a litre and that of diesel by Rs. 1.26 a litre on Wednesday, the fourth increase in six weeks.

Petrol will cost Rs. 65.65 a litre in Delhi from Wednesday, Indian Oil said. Diesel will cost Rs. 55.19 a litre as against Rs. 53.93 a litre currently.

Prime Minister Narendra Modi on Thursday asked the tax officials to remove fear of harassment from the minds of taxpayers and focus on five pillars of administration — revenue, accountability, probity, information and digitisation (RAPID).

Inaugurating the two-day Rajasva Gyan Sangam in New Delhi, the Prime Minister asked the officials to “move towards digitisation” in a bid to make tax administration better and efficient and work towards bridging the “trust deficit.”

Key annual report takeaways — corporate book reported a loss due to high loan loss provisions, deterioration increased in the corporate portfolio but the bank is addressing this risk as the share of exposures is not rising but falling in select sectors, retail continues to do exceptionally well in terms of growth, profitability and impairment levels, progress of international subsidiaries are on the right track as India-related exposures have declined. Maintain ‘buy’ with TP at Rs 340 (from Rs 320 earlier).

In a definitive push for consolidation in the banking sector, the Union Cabinet on Wednesday gave a go-ahead to the merger of State Bank of India (SBI) with its five associate lenders and Bharatiya Mahila Bank. The combined entity would create a financial sector powerhouse, with total assets worth Rs 29.7 lakh crore.

SBI has indicated it wants to complete the merger in 2016-17. While India's largest lender would reap benefits of scale and a larger balance sheet, it will be a major challenge to integrate staff and rationalise branches.

Union minister for communications and Information Technology Ravi Shankar Prasad has directed Bharat Sanchar Nigam Limited (BSNL) for upgrading the mobile network in Uttar Pradesh Circle.

He asked officials to upgrade the existing mobile network in all the major cities with IP based technology.

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