A recent order by the Securities Appellate Tribunal (SAT) has brought to the fore the issue of lack of uniformity in actions taken by the Securities and Exchange Board of India (SEBI) in similar offences by different market participants.

Hearing an appeal filed by Almondz Global Securities Ltd, the tribunal quashed the remaining punishment against the merchant banker after highlighting the fact that similar offences by other entities saw a much lenient penal action by SEBI officials.

Giving more credence to reports that ONGC is looking at acquiring a majority stake in the Gujarat government-owned GSPC’s 1,850-sq km KG Basin block, KG-OSN-2001/3, petroleum minister Dharmendra Pradhan said on Tuesday: “Yes, they (ONGC and GSPC) are talking to each other. If ONGC and GSPC can do a joint development, the exploration cost would come down.” Pradhan, however, maintained that the outcome of the negotiations between the companies would be a “commercial decision”.

BENGALURU: It's not just the 194,000-odd employees at India's second largest software exporter who are being put through the paces.

In what would mark the first such instance in India's $160-billion IT industry, board members at Infosys are now being trained and brought up to speed with "design thinking" -an industry parlance that refers to the practice of solving traditional tech problems using newer, different and innovative methods.

Axis Bank’s top management has decided to take home a reduced variable pay, as the lender’s performance came under pressure in the last financial year due to mounting bad loans.

“The top management will take a cut in the variable pay of anywhere between 20 and 50 per cent. The quantum will depend on various factors, including their role and the departments they work for,” said a top Axis Bank official.

Taking a step towards cleaning up its balance sheet, the Punjab National Bank (PNB) has identified 53 corporate non-performing loans worth Rs 6,300 crore for sale to asset reconstruction companies (ARCs).

The state-owned bank, which has substantial exposure to stressed sectors such as steel, will desist from additional lending to these sectors till the tide turns.

NEW DELHI: Moody's Investors Service today said Tata Power's 2015-16 results were within its projections and it expects the company's financial position to remain stable over the next 12-18 months.

" Tata Power Company Limited's (TPC, Ba3 stable) FY2016 results are within Moody's expectations and continues to support its Corporate Family Rating of Ba3," it said in a statement.

The government has announced the names of 13 more cities that will be developed under the Centre's 'Smart City Mission' with Lucknow in poll-bound Uttar Pradesh topping the list, followed by Warangal in Telangana and Dharmashala in Himachal Pradesh.

Twenty-three cities with the higher rankings from as many states and Union terrritories, which failed to get representation in the first round of a competition held in January, participated in the 'Fast Track Competition', the result of which was announced by Urban Development Minister M Venkaiah Naidu.

MUMBAI: The Sensex inched lower by about 38 points in early trade on Tuesday on sustained selling by funds and retail investors, tracking losses in global markets amid fears of a possible hike in US interest rates.

Besides, a further depreciation in the rupee, which fell 18 paise to over 2-1/2 month low of 67.67 against the dollar, weighed on sentiment.

With Indian Railways aggressively focusing on renewable energy, India’s first solar panel-fitted train is all set to commence trial runs shortly. What makes this trial run special is that all coaches of the train would be lit from power generated by the rooftop solar panels.

Last year, Northern Railways had fitted one coach of the Rewari-Sitapur broad gauge passenger train with solar panels. However, this would be the first DEMU (Diesel Electric Multiple Unit) broad gauge train, in which all coaches have solar panels, says Railways.

In a move to strengthen its research & development (R&D), the country's largest carmaker Maruti Suzuki India (MSIL) has said that 40% of its proposed capex of Rs 4,400 crore will be towards new product development. The company's Rs 2,000 crore R&D and testing facility at Rohtak will give further boost to the company, said a senior executive.

In a recent investors call, the company said some of the projects have got deferred to next year. So, the company has proposed a budget of Rs 4,400 crore and 40% of that will be deployed towards new product and development. Capex in 2015-16 was Rs 2400 crore.

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