The Securities and Exchange Board of India (Sebi) has moved the Supreme Court, seeking a restraint order on the plans of realty major DLF to monetise its rental properties. The court has admitted the application and listed it for hearing on October 30.

Last week, debt-laden DLF had said some promoter group entities planned to sell about 40 per cent stake in DLF Cyber City Developers, the company holding its rental assets, to third-party investors. The transaction was to raise Rs 12,000-14,000 crore.

KOLKATA: Some 40,000 officials at Coal IndiaBSE 2.14 % have a reason to splurge this festive season. They are set to receive arrears for eight years of performance related pay which, senior Coal India officials said, will vary from Rs 3 lakh on the lower side to Rs 15 lakh for the top rung.

Officers of the loss-making subsidiaries of the state-run company would benefit the most, as they would be eligible to also receive an additional pay revision, which has been implemented in its profit-making units.

Railways Minister Suresh Prabhu on Wednesday said his ministry would lay out a massive investment plan of $140 billion to modernise the service and improve safety and passenger amenities.

“There is an unprecedented focus on modernisation and safety aspects with the five-year investment plan of $140 billion rolled out,” Prabhu said, addressing a gathering of domestic and international investors during the eleventh International Railway Equipment Exhibition here. He added a large part of the investment would come in the form of institutional financing that would reduce dependence on gross budgetary support (GBS) from the Centre.

TVS Motor Company has roped in Hindi movie actor Amitabh Bachchan as brand ambassador for its Jupiter bike. This is the first time Bachchan will be endorsing a two-wheeler space.

TVS Motor Company has roped in Hindi movie actor Amitabh Bachchan as brand ambassador for its Jupiter bike. This is the first time Bachchan will be endorsing a two-wheeler space.

India’s largest online platform Flipkart, in its ‘Big Billion Days’ sale, sold 500,000 mobile phone handsets in the last 10 hours since sales of mobile phones started at midnight Wednesday, 14th October. This sets a record for the highest number of mobile phones sold in India in a short period of 10 hours in any platform, either online or offline.

Flipkart ‘Big Billion Days’ also set new benchmarks of 4G adoption in India as 75% of the mobile phones sold during this 10-hour period were 4G phones. While metros like Bengaluru, Delhi and Mumbai were the leading cities in terms of sales, FLIPKART also saw huge surge of interest from Tier 2 cities with Nagpur, Indore, Coimbatore, Vishakhapatnam and Jaipur leading in sales.

DUBAI: With Kuwait showing keen interest in India's oil and gas sector, Oil and Natural Gas Corporation (ONGC) has for the first time taken part in the Kuwait Oil and Gas Show (KOGS) 2015.

Minister of Oil Dr Ali Saleh Al-Omair, who inaugurated the ONGCBSE 1.45 % pavilion on October 12, showed keen interest in India's oil and gas sector, Indian embassy in Kuwait said.

NEW DELHI: Leading stock exchange BSE today said it expects 30 initial public offerings on its small and medium-sized enterprises (SME) platform in the next two-three months.

This is on top of 17 SMEs already got listed on capital markets with public issues worth Rs 134 crore in the first five months (April-August) of the ongoing fiscal.

Shares of NIIT were up over 5% at Rs 97 on the Bombay Stock Exchange after the company said it has been awarded a multi-year contract to provide managed training services to leading global bank Citi in Europe, Middle East and Africa (EMEA).

With this new partnership, NIIT's Corporate Learning Group wil source and manage third party training procured by Citi across EMEA, the company said in a release.

Investigative agencies have traced the Rs 6,000-crore MONEY laundering scam involving Bank of Baroda (BoB) to 11 accounts of HDFC Bank, where the fraud might have actually commenced. More arrests of those involved in the case, besides six made by the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED), are expected in the coming days. The investigative agencies have found that the transactions through the 11 HDFC Bank accounts started way back in January, 2014, while those from BoB began sometime in August that year.

The amounts were transferred from HDFC Bank to BoB for making advanced remittances for imports that never took place. Meanwhile, ED is also investigating whether HDFC Bank accounts were used to make foreign transfers.

Tata Motors has rallied 5% to Rs 369 on the BSE after the company-owned Jaguar Land Rover (JLR) sold 47,634 units globally in September, up 3% compared to the same month last year.

A combined nearly 3.2 million shares changed hands on the counter on the BSE and NSE.

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