Reliance Industries today became the first corporate to sign the revised listing agreement with the BSE as mandated under the newly introduced Listing Regulation notified by SEBI.

Earlier, the listing agreement was a bilateral agreement between the stock exchange and the company and market regulatory SEBI didn't have regulations on this. Thus each company's agreement with stock exchange could be at variance and lacking the full force of SEBI's rigour.

No-frills airline SpiceJet today put on sale over three lakh seats across its network with base fares starting as low as Rs 749 (excluding taxes)for domestic flights while Rs 3,999 for the international travel under a limited period bookings scheme.

Based on first-come-first served basis, 'Diwali Sale Dhamaka' offers fliers a nine-months travel window, starting February next year, SpiceJet said in a release.

Indian Railways will receive Rs 2,000 crore from Life Insurance Corporation (LIC) today as part of long-term funding tied-up with the state-run insurer to restart the investment cycle.

The first tranche is part of the total Rs 1.5 lakh crore long-term funding LIC will provide under the institutional financing mechanism.

HDFC Bank, India's second largest private sector lender, has rationalised the number of automated teller machine (ATM) network by 276 in the July-September quarter.

The bank has reduced the number of ATMs to 11,686 at the end of the quarter ended June.

Indian markets have seen their biggest reforms and policy changes happening after a scam reminds policy makers of the loopholes in the system. Open outcry system gave way to electronic exchanges after the Harshad Mehta scam. The dematerialisation scam resulted in strict KYC (Know Your Clients) norms being implemented by brokers. The latest Jignesh Shah--NSEL scam has resulted in tighter norms for commodity exchanges and the commodity regulator FMC (Forward Market Commission) itself being merged with market regulator SEBI.

NEW DELHI: The Reserve Bank of India (RBI) has turned down a proposal from the government to allow up to 100% foreign direct investment (FDI) in banks, a move that may come as a damper for several private sector lenders such as ICICI Bank and HDFC Bank.

Sources said the RBI has not provided a clear reason to turn down the proposal from the department of industrial policy and promotion (DIPP) that deals with FDI policy.

NEW DELHI: India's dairy products (non-fat dry milk) exports are projected to remain flat at 30,000 tonnes next year on expectations of high global supplies and low prices, according to a latest USDA report.

The country's milk output may increase by 4.8 per cent to 154 million tonnes assuming a normal monsoon in 2016, while domestic consumption of milk is forecast to rise by 5 per cent to 62.75 million tonnes in the same period, the US department of Agriculture (USDA) said.

MUMBAI: The rupee depreciated by 16 paise to 64.99 against the US currency in early trade on Monday due to strong demand for the dollar from importers.

The rupee had closed at 64.83 against the dollar at the Interbank Foreign Exchange on Friday last.

Mumbai: The bidding process by anchor investors for buying equity shares in InterGlobe Aviation Ltd will begin on Monday.

The airline firm plans to raise around Rs.1,000 crore via the anchor investor allocation, also known as the anchor book.

New Delhi: With the Reserve Bank of India (RBI) issuing the final guidelines allowing domestic companies to raise rupee-denominated overseas bonds, at least three financial institutions are preparing to raise money through this route.

India Infrastructure Finance Co. Ltd (IIFCL), Indian Railway Finance Corp. Ltd (IRFC) and NTPC Ltd are among the companies laying the groundwork to issue rupee-denominated bonds sometime early next year, according to officials at these institutions.

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