The list of 260 entities barred by the capital markets regulator on Friday contains many habitual offenders. First Financial Services has on previous occasions been pulled up by the BSE, National Stock Exchange (NSE) and the Securities and Exchange Board of India (Sebi).

While Radford Global, another entity barred by the Sebi, has never been pulled up before, at least a dozen entities related to Radford have been pulled up by Sebi and both NSE and BSE on previous occasions, showed an analysis of past orders based on data from an exchange-sponsored investor-protection website.

Flipkart, India’s largest e-commerce marketplace, has raised $700 million investment from new as well as existing investors.

This is the e-commerce giant's third fund rasing in 2014. In May, Flipkart had raised $210 million (Rs 1,200 crore), while it raised $1 billion (Rs 6,000) in July 2014.

Mumbai: Both the benchmark S&P BSE Sensex and CNX Nifty continued to rally for the second consecutive session on Friday led by gains in IT stocks after global rival Accenture Plc raised its revenue forecast, while Reliance Industries Ltd (RIL) rose on bets it will roll out its telecom services in the next few months.

The 30-share Sensex closed 0.9%, or 245.27 points, higher at 27,371.84, while the National Stock Exchange’s broader barometer 50-share Nifty rose 0.81%, or 65.90 points, to end at 8,225.20 points.

Mumbai: In an effort to make customers aware about the technology channels available with the lender, State Bank of India (SBI) will be training its customers, with hands-on demo, of the various ways banking can be done using technology.

The bank has set up 385 tech-learning centres throughout the country, which will be conducting interactive learning sessions and demonstrations of the bank’s tech-channels on the third Friday of every month between 4pm and 6pm.

Bajaj Auto Ltd, India’s largest exporter of motorcycles and three-wheelers, has secured an order for 125,000 units of its Discover 125M motorcycle from the Sri Lankan government through its distributor, David Pieris Motor Co. Ltd, the company said in a filing to BSE on Friday.

This is a repeat order by the Sri Lankan government. Bajaj Auto had earlier secured an order for 50,000 units of the model. Of this, it has already supplied 48,000 units. The company expects to execute the fresh order over the next three to four months.

ITC is gearing up for a foray into the branded dairy and fruit juice sectors over the next few months. To start with, the company is setting up its first dairy plant in Munger district in Bihar to manufacture value-added milk products.

“The company is developing a back-end structure to ensure an increase in milk yields and milk-processing capacity for our dairy business,” said Chitranjan Dar, CEO of ITC Foods. With this move, ITC will directly compete with established players like Amul, Nestle and Mother Dairy.

IT major Infosys' decision to appoint Ritika Suri as its head of mergers & acquisitions reflects the new found aggression of the Bangalore-based company in the M&A landscape.

Suri, who had joined Infosys couple of months ago from German software maker SAP where she was a senior VP, is based out of the US and brings to the table her knowledge about client geographies where most of the acquisition targets are located, according to senior official sources.

The ban on fracking by New York state is a double whammy for India’s largest private firm, Reliance Industries, which has invested $7 billion in the US shale gas sector after the 45% fall in crude oil prices.

Analysts say the falling crude oil price is making shale gas sector unviable as the massive investments in shale gas need at least $60 a barrel to sustain operations.

Kolar Biotech Chairman Vinod Hingorani had told his mother he would return to his rented apartment on Mira Road here by 2 pm on Thursday. But by evening, he found himself in Byculla Jail, the first person to be sent to jail by the Securities and Exchange Board of India (Sebi).

The market regulator said Hingorani had defaulted on penalties of Rs 1.65 crore.

HDFC Bank and Ratnakar Bank (now known as RBL Bank) on Friday got clearance from the Foreign Investment Promotion Board (FIPB) for their respective foreign direct investment (FDI) proposals.

HDFC bank had applied for yet another FIPB approval, this time for expanding its equity base by up to Rs 10,000 crore, sources said.

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