FMCG major ITC Ltd had acquired Technico Agri Sciences Ltd India (Technico India), the company announced on Thursday.

"The company has acquired the entire equity share capital of Technico Agri Sciences Limited, India, from Technico Pty Limited, Australia," the company said in a BSE filing.

Reliance Communications (RCom) and the shareholders of Aircel are going to discuss a potential merger exclusively for another two months.

Rcom said on Wednesday it had extended the exclusive period to negotiate a possible merger with Aircel to May 22, 2016. The decision to merger is part of the consolidation witnessed by the industry to derive benefits in opex and capex synergies and revenue enhancement.

Air India is in the process of evaluating several options to bring down the government's stake once it turns profitable. The national carrier expects to turn profitable in 2018-19, two years ahead of the original turnaround target of 2020-21 through better revenue generation and restructuring of the Rs 10,000-crore term loans with government guarantee backed non-convertible debentures.

One of the options being considered is conversion of debt into equity such that the government's stake comes down to 51 per cent. Aviation ministry officials said in every internal meeting of Air India, privatisation was discussed at length, though there is no clarity on how the airline plans to rope in private investors.

Apple’s plan to target buyers in emerging market with its smaller and cheaper iPhone SE could boomerang in India as the country’s mobile first population, whose primary computing device is a smartphone, has already shifted to larger screen phones or phablets.

With similar specifications to its outgoing flagship iPhone 6s Plus and a price tag of Rs 39,000, the iPhone SE costs approximately Rs 5,000 more and Rs 2,000 less than the base variants of the iPhone 6 and 6s respectively on popular e-commerce websites. The device is slated for launch in India sometime in April.

Shares of automobiles companies are on a roll with Hero MotoCorp, Ashok Leyland and TVS Motor Company touching their respective 52-week highs on the BSE in intra-day today.

The S&P BSE Auto index ended up 1% at 17,731 as compared to 0.18% rise in the S&P BSE Sensex which ended at 25,330. Thus far in March, auto index rallied 12% against 10% gain in the benchmark index.

State-owned IDBI Bank said Tuesday it plans to raise Rs 20,000 crore from bonds in one or more tranches next fiscal to fund business growth.

The bank, at its board meeting held today, approved in-principle the rupee bond issuance limit of Rs 20,000 crore, IDBI Bank said in a regulatory filing to stock exchanges.

European stocks fell on Tuesday and safe-haven assets, gold and government bonds rose in price after two explosions at Brussels airport killed at least one person and left several others injured.

Travel sector stocks including airlines and hotels fell the most, pulling the broader indices down from multi-week highs as reports on the scale of the carnage in the Belgian capital unfolded.

Twin explosions rocked the main hall of Brussels Airport today killing at least 13 persons and wounding several others, officials said.

Minutes after the two explosions, another blast took place at a Metro station here. RTBF, a Belgian TV channel, reported that the deafening explosion took place at Maelbeek Metro station. There were no immediate reports of any casualties.

Government has extended by three months the tenure of A P Shah Committee looking into the dispute over natural gas migrating from state-owned ONGC's idle blocks in KG basin to neighbouring fields of Reliance Industries.

The committee has been asked to submit by July 31 its report on "acts of omission and commission" as well as compensation to ONGC, an oil ministry official said.

The country's largest lender, SBI on Tuesday said it has raised Rs 500 crore from issue of bonds on a private placement basis.

"The bank on March 21, 2016 issued 5,000 Basel III compliant, tier-ll bonds in the nature of debentures of face value of Rs 10,00,000 each at par with 10-year tenure, bearing 8.45 per cent per annum coupon payable annually and with a call option after 5 years aggregating Rs 500 crore on a private placement basis," State Bank of India said in a BSE filing.

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