In the first ever merger of two regulators, over 60-year-old commodities regulatory body FMC today merged with the capital markets watchdog Sebi with Finance Minister Arun Jaitley ringing the customary stock MARKET bell to formalise the amalgamation.

The Securities and Exchange Board of India (Sebi) Chairman U K Sinha said that the commodities market entities would get a timeframe of up to one year to adjust to the new regulations as they would have to follow the same norms that are applicable to their peers in the equity segment.

Prime Minister Narendra Modi arrives in Silicon Valley tonight where he will learn firsthand the success story of iconic companies and their leaders with the objective of building a similar ecosystem of innovation and entrepreneurship in India.

During his two-day stay in Silicon Valley, he would begin and conclude his engagements with the Indian-American community, the last one being addressing a strong crowd of over 18,500 Indian-Americans at the SAP Centre in San Jose.

New Delhi: Gold prices retreated from one-month high to slip below the Rs27,000-mark by falling Rs260 per 10 grams, snapping its three-day rising streak, in Delhi bullion market on Saturday, largely in tune with weak global cues and fall in demand from jewellers.

Bullion traders said besides a weak global trend, easing demand from jewellers and retailers at the existing levels dragged down the precious metal from its one-month high.

Bajaj Auto has launched the qualicycle RE60 for export to 16 countries even as the automaker awaits a supreme court verdict before it launches the vehicle in India.

Now called 'Qute, the quadricycle will be exported to Latin America, Africa, Europe and Asia at price of around $2000.

The Andhra Pradesh Government has signed a Rs 40,000-crore memorandum of understanding (MoU) with the Oil and Natural Gas Corporation (ONGC) for setting up a LNG Regasification Terminal in Kakinada Deep Water Port.

The Andhra Pradesh Government has signed a Rs 40,000-crore memorandum of understanding (MoU) with the Oil and Natural Gas Corporation (ONGC) for setting up a LNG Regasification Terminal in Kakinada Deep Water Port.

Microsoft India on Friday unveiled three new Xbox one console bundles that will launch on October 2, to celebrate their first anniversary. Customers can pre order from September 25 on Amazon.in.

Xbox One Forza Motorsport 6 limited edition console is the first of its kind with a racing theme. The bundle has 1 TB hard drive, matching wireless controller and a tenth anniversary car pack. The bundle is priced at Rs 39,990.

Hyderabad: Lanco Infratech Ltd on Friday said its subsidiary Lanco Kondapalli Power Ltd has entered into power purchase agreements (PPAs) with Telangana and Andhra Pradesh electricity distribution companies to sell about 1,108 megawatt (MW) of gas-based power for six months starting October.

Lanco has secured gas under the pooling mechanism for 1 October to 31 March 2016 to supply power at Rs.4.70 per kilowatt hour (kWh) and at 50% plant load factor (PLF), a measure of capacity utilization.

Almost 12 years after it was first suggested, the Securities and Exchange Board of India (Sebi) will complete the merger of Forward Markets Commission (FMC) with itself on Monday. This will bring the commodities derivatives market and its brokers under Sebi norms and integrate the commodities derivatives and securities trading markets in an orderly manner.

Ironically, the Bombay High Court on the same day will hear a petition filed by a group of employees of the commodites market regulator opposing the merger as they have been left out of the merged entity.

Giving a thrust to local manufacturing of luxury cars, automaker Mercedes-Benz rolled out the Maybach S500 sedan from its India plant, making the facility on the outskirts of Pune only the second outside Germany to produce the car.

Apart from the locally-manufactured Maybach S500, which will sell for Rs 1.67 crore, the German car major also introduced the imported Maybach S600 in the domestic market, which comes with a price tag of Rs 2.6 crore. Both prices are ex-showroom, Pune.

ICICI Bank, the country's largest private sector lender, has been aggressive on unsecured lending, especially personal loans. (An unsecured loan is one that is obtained without the use of property as guarantee for the loan. Borrowers generally must have high credit ratings to be approved for an unsecured loan. Personal loans (in spite of their high interest rates) are probably the best way to go for individuals looking to borrow relatively small amounts of money, and who are able to repay the loan within a couple of years.)

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