Devendra Fadnavis-led BJP government on Wednesday won the trust vote in Maharashtra assembly. The confidence motion was passed by voice-vote. Whereas, Shiv Sena's Eknath Shinde accorded the status of Leader of Opposition by the Speaker.

However, Congress and Shiv Sena accused the speaker of being biased towards BJP and demanded that the government should prove majority again.

Markets started the day in green with the benchmark indices up 0.2% each in opening deals. The ones leading the opening gains were L&T, Tata Motors, ICICI Bank and ONGC.

At 0919 hrs, the Sensex was up 58 points at 28,067 and the Nifty added 12 points to trade at 8,395.

The government has sought a report from the Coal Controller on delay in mining by NTPC from a Jharkhand mine which was alloted to the PSU about a decade ago.

The Coal Ministry has asked the Controller to inquire into non-mining of coal by NTPC on the basis of a complaint received from Bhu Visthapit Jagran Samiti, an association of villagers of Pakri Barwadih in Jharkhand.

IT services major Cognizant has acquired enterprise mobility, web and cloud solutions firm, Odecee, for an undisclosed amount.

"This acquisition further strengthens Cognizant's digital business transformation expertise and expands its portfolio of tools and services to help clients create digital enterprises that capitalise on new business models, drive innovative products and services, enhance workforce productivity, and improve customer experience," Cognizant said in a statement.

Aurobindo Pharma's US subsidiary has emerged as the highest bidder for the acquisition of US-based nutritional supplement maker, Natrol Inc, and its other affiliate entities.

Under the auction process, Aurobindo USA emerged as the highest bidder, with a bid of $132.5 million (approximately Rs 808 crore).

Shiv Sena's Ramdas Kadam said that all the 63 MLAs of the party will sit in opposition and will vote against BJP govt during trust vote today.

In its mouthpiece Saamana, Shiv Sena warned its former ally that it will be disrespecting people's mandate if it takes support of NCP which nibbled the state coffers like a mouse.

New Delhi: The acquisition plans of India’s largest power generator NTPC Ltd may not help stranded power plants and financial institutions much, with the state-owned company scaling down its target and demanding that promoters and banks take haircuts.

We expect to acquire around 3,500 megawatts (MW) by March 2015, provided a substantial haircut is taken by the promoters and the banks. The due diligence is on for around seven or eight assets, said Arup Roy Choudhury, chairman and managing director of NTPC.

The central government will have to iron out several issues with the state governments on Goods and Services Tax before it tables the GST Bill in the upcoming winter session of the parliament.

Differences between the state and the Centre continue on the threshold turnover for levying GST. The state governments, under the aegis of the empowered committee of state finance ministers on GST, have also reiterated that alcohol, tobacco and petroleum should be out of the GST regime.

HDFC Bank, the country’s second largest private sector one, has turned even more aggressive in its retail lending this festive season.

The bank is now funding up to 100 per cent of the loan-to-value (LTV) amount for two-wheelers (on-road prices) and for consumer durables. Earlier, it was funding 85 per cent for the former. The new scheme was put in place since the start of the festive season.

If you are have an account with State Bank of India, HDFC Bank or Axis Bank you will have to pay higher charges for using ATM more than five times a month. These banks have hiked the charges for more than five ATM transactions for their own customers and more than three ATM transactions for other bank customers, with effect from November 1. Union Bank of India has hiked the fees for more than eight transactions for its own customers and more than five for other bank customers.

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