To protect investors from illegal mobilisation of funds, the Securities and Exchange Board of India (Sebi) has barred four companies and their directors from raising money by issuing securities.

The move follows Sebi receiving a complaint against these companies -- Bishal Horticulture & Animal Projects, Bishal Distillers, Bishal Agri-Bio Industries and Bishal Abasan India -- alleging illegal mobilisation of funds.

NEW DELHI: Country's largest power producer NTPC is planning to raise rupee denominated 'Global INR' bonds worth USD 1 billion to finance its capital expenditure.

NEW DELHI: Country's largest power producer NTPCBSE -0.18 % is planning to raise rupee denominated 'Global INR' bonds worth USD 1 billion to finance its capital expenditure.

The first year of the new Bharatiya Janata Party (BJP) government is one of the best years for India in terms of liberalisation and economic reforms, a top US expert has said.

“While we cannot claim this has been a perfect year in terms of liberalising the economy, it has been one of the best years on record. Certainly well ahead of the first year of either the Vajpayee or the Singh governments,” said Rick Rossow, senior fellow and Wadhwani Chair at the Center for Strategic and International Studies – a prominent think-tank.

The BSE Sensex surged over 574 points to trade above the 27,000 level while the Nifty reclaimed the 8,200 mark in the afternoon trade today as funds and retail investors went about creating fresh positions, driven by the government’s decision to refer MAT issue to a high-level committee.

Besides, a rebound in the rupee from the 20-month low also boosted sentiment.

Country’s largest car maker Maruti Suzuki India (MSI) on Friday said its premium hatchback Swift has crossed 13 lakh sales milestone since its launch in 2005.

“Over 1.3 million Swift cars have been bought in India so far, transforming the landscape of the Indian auto industry and inspiring new products, market segments and categories,” MSI Executive Director (Marketing & Sales), R.S. Kalsi said in a statement.

A 20-year-old student has become Britain’s youngest lawmaker for centuries, defeating one of the country’s most senior politicians to do it.

Mhairi Black of the Scottish National Party defeated Labour’s Douglas Alexander in the seat of Paisley and Renfrewshire South. Alexander, 47, was the opposition Labour’s foreign policy spokesman.

New Delhi: Former Gujarat chief secretary Achal Kumar Joti has been appointed as an election commissioner to the Central Election Commission (CEC), the government said in an official release on Friday.

The Bharatiya Janata Party (BJP)-led government has moved swiftly to fill the vacancy at the three-member apex body. Joti will now join chief election commissioner Nasim Zaidi at the Commission. There’s still room for another election commissioner.

Mumbai: After making losses for five consecutive sessions, the Indian rupee on Friday strengthened against the dollar with the equity markets trading 500 points higher in afternoon session.

Traders are cautious ahead of the US job report data, which is due later today. Earlier, the Fed Reserve said that it won’t tighten policy until it is “reasonably confident” that inflation will return to its target and the labour market will improve further, Bloomberg reported.

Mumbai: Shares of Tata Motors Ltd rose as much as 4.5%, the sharpest gain since 10 February, on Friday after its rights issue got an encouraging response from its shareholders.

Shares of Tata Motors Ltd—DVR rose as much as 3.6% to Rs.306.

Mumbai: Punjab National Bank (PNB) shares fell as much as 6.5% on Friday after the bank reported a 62% drop in its net profit due to higher provisions and bad loans.

The company reported a net profit of Rs.306.56 crore in the March quarter as against Rs.806.35 crore a year ago.

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