The Centre on Friday moved the Supreme Court against the Uttarakhand High Court decision to quash the declaration of President’s rule in the State.

A bench of Justices Dipak Misra and S.K. Singh heard Attorney-General Mukul Rohatgi mention the matter seeking an urgent hearing and stay of the High Court verdict.

Business tycoon Vijay Mallya told the Supreme Court on Thursday that he was not obliged to reveal the details of his overseas assets to the 17-bank consortium of lenders since him and his entire family were non-resident Indians, and because none of his overseas assets were taken into stock while approving the loans that have now turned sour.

However, Mallya, as a bona file of his intention of resolving the bank loan default case along with several other cases against him, upped the settlement amount he would pay the banks to Rs 6,868 crore, according to reports.

Mumbai: The Indian rupee weakened against the US dollar on Thursday, tracking the losses in Asian currencies market.

The home currency closed at 66.40, down 0.26% from its previous close of 66.22. The rupee opened at 66.33 per dollar and touched a high and a low of 66.18 and 66.42, respectively.

New Delhi: The Uttarakhand high court on Thursday struck down the central government decision to impose President’s rule in the state and ordered a fresh floor test on 29 April.

The court also ordered restoration of status quo as on date of proclamation of President’s rule and revival of the government led by petitioner and ousted chief minister Harish Rawat. During the proceedings, the court asked the Centre to ensure that a floor test is held.

Mumbai: IndusInd Bank Ltd on Thursday reported a rise of 25.25% in its net profit for the quarter ended 31 March on account of higher net interest income (NII) and other income.

Net profit stood at Rs.620.35 crore as compared with Rs.495.27 crore a year ago. The earnings were slightly higher than the Bloomberg poll of 27 analysts which had forecast a net profit of Rs.618.30 crore.

Edible oil industry body Solvent Extractors' Association of India (SEA) is approaching food safety regulator Food Safety and Standards Authority of India (FSSAI) as well as advertising industry watchdog Advertising Standards Council of India (ASCI) against yoga guru Ramdev promoted Patanjali alleging that its ads for mustard oil are "false and misleading".

Stating that it doesn't "appreciate derogatory remark for other edible oils", SEA claims that Patanjali's advertisement of its 'kacchi ghani mustard oil' is "not in good taste".

New Delhi: The road transport and highways ministry has decided to more than double the rate at which national highways are being built—from 16 km a day to 41 km a day in 2016-17.

This is around 2.5 times the current rate of construction.

Market benchmark Sensex recaptured the crucial 26,000-mark by climbing over 219 points in early trade today as investors engaged in widening their bets amid firm global cues.

The 30-share barometer advanced by 219.02 points or 0.85 per cent to 26,063.20. The gauge gained 1,170.34 points in the previous five sessions.

Reliance Industries-backed startup programme GenNext Hub today entered into a partnership with Invest Ottawa for creating a bridge to engage innovative startups from both India and Canada.

The memorandum of understanding, includes co-branding, events invitation and information sharing between the two entities.

Securities and Exchange Board of India (Sebi) chairman UK Sinha will meet stock market brokers on Thursday to discuss methods to improve retail participation in the capital markets, especially in derivatives segment. The meeting will be attended by representatives of the BSE Brokers’ Forum and the Association of National Exchanges Members, sources told FE.

This meeting is a part of the regulator’s effort to increase penetration of capital markets in the country. The same issue was discussed in the annual brainstorming session of Sebi held from April 6-8 at Lonavala.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.