MUMBAI: State-run banking giant SBI has settled a probe by markets watchdog Sebi into alleged violations of debenture trustee regulations during certain public and private bond issues four-and-a-half years ago.

The case has been settled after State Bank of India (SBI) agreed to pay Rs 6.8 lakh towards 'settlement charges', Sebi said today while disposing of the ongoing adjudication proceedings against the bank in this matter.

MUMBAI: Sebi on Thursday barred two companies, Chakra Infrastructure and Krutibibha Corp, as well as their directors from the securities market for illegally raising more than Rs 14 crore from investors.

In two separate orders, the Securities and Exchange Board of India (Sebi) has restrained these entities from the capital market and from soliciting funds from public till further directions.

The Securities and Exchange Board of India (Sebi) has sought clarification from the merchant banker of Zee Media Corp on the firm’s proposed Rs 200-crore rights issue.

Without disclosing the details, Sebi has said “clarifications (are) awaited from lead manager” for the proposed rights issue.

Idea Cellular Ltd posted a 64 percent rise in quarterly profit as it added more subscribers than rivals did, boosting data and talk time usage.

Idea Cellular, the first telecoms carrier to report results for the December quarter, said it earned 7.67 billion Indian rupees ($125.57 million) in its third quarter, compared with 4.7 billion rupees in the same quarter last year.

State Bank of India (SBI) will raise Rs 15,000 crore through a public offer including rights issue to fund business and meet global capital adequacy norms.

“The committee of the Directors for capital raising has decided to seek government or RBI approval for raising capital up to Rs 15,000 crore by way public issue…,” SBI said in a statement.

The government will sell a stake in state-owned Oil and Natural Gas Corp (ONGC) this fiscal even though falling global oil prices pose a challenge, Oil Minister Dharmendra Pradhan said today.

Government was to sell 5 per cent of its stake in the country’s biggest oil and gas producer ONGC to raise Rs 17,000-18,000 crore.

The International Cricket Ccouncil (ICC), in partnership with Reliance Communications, on Wednesday launched the official ICC Cricket World Cup 2015 app.

The app is now available for free download from the App Store and Google Play.

After its recent collaboration with World Innovation Labs (WiL) and LetsVenture in the last quarter of 2014, Green house Ventures (GHV) has now tied the knot with NASSCOM and Google India’s MD Rajan Anandan, in its ongoing effort to further strengthen the startup ecosystem in India.

Rajan Anandan, who is already associated with NASSCOM’s 10,000 Startups initiative, will also be joining the mentor board at GHV and will also provide valuable insights and perspectives on the Indian entrepreneurship ecosystem.

New Delhi, Jan. 27: India's largest car maker Maruti Suzuki India today reported a 17.8 per cent increase in net profit at Rs 802.2 crore for the third quarter ended December 31, 2014 against Rs 681.15 crore in the same period last fiscal.

Net sales during the quarter stood at Rs 12,263.14 crore, up 15.5 per cent from Rs 10,619.68 crore a year ago.

MUMBAI: Weighed down by debt and losses in its India business, Tata Motors, the world's fourth largest truck maker, plans to raise up to Rs 7,500 crore via a rights issue over the coming months, its third such offering in the company's history since it got listed in 1955.

Cyrus Mistry-led Tata Motors will be approaching shareholders for their approval to allow the vehicle manufacturer to issue new equity shares to reduce its debt load, which stood at Rs 60,774 crore as on September 30, 2014.

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