Former Tamil Nadu Chief Minister Jayalalithaa is expected to convey to the Supreme Court on Thursday that she has kept her word that she would not delay her criminal appeal before the Karnataka High Court, challenging the four-year imprisonment awarded in a disproportionate assets case.

A Bench led by Chief Justice of India H.L. Dattu had, on October 17, granted Ms. Jayalalithaa bail, reposing faith in the oral assurances of her lawyer, Fali Nariman, that she would not delay the criminal appeal proceedings in the 18-year-old case.

India will start charging income tax on digital economy firms, such as Facebook, Twitter and Uber, soon after the OECD finalises a framework by April 2015 to tackle the widespread corporate practice of shifting of profits to low-tax countries, government officials said on Wednesday. Tax may be levied on overseas firms that have a ‘significant digital presence’ in the country by treating their domestic activities as ‘a virtual place of business’ akin to permanent establishment.

The Reserve Bank of India (RBI) has imposed penalties on ICICI Bank and Bank of Baroda (BoB) for violating Know Your Customer (KYC) and anti-money laundering norms.

ICICI Bank has been slapped with a fine of Rs 50 lakh, while BoB has been levied a fine of Rs 25 lakh.

Canada Pension Plan Investment Board (CPPIB) has completed its initial Rs 1,000-crore investment in Larsen & Toubro Infrastructure Development Projects (L&T IDPL). The two companies had signed an agreement in June and the investment was concluded on Tuesday.

According to the agreement, CPPIB will invest the second tranche of (a minimum of) Rs 1,000 crore after 12 months. This is the first direct investment by the Canadian pension plan in an Indian infrastructure company.

With an aim to make smartphones accessible to 300 million Hindi speaking population in India at affordable prices, Spice today launched India’s first Android One Hindi smartphone – Spice Dream Uno H Android One Phone. Spice Dream Uno H, a Hindi version of the recently launched Android One from Google, has been at priced of Rs 6499.

The Spice Dream Uno H features for the first time ever a complete Hindi keyboard, voice input along with Hindi versions of popular Google products such as Android OS, Chrome, Search, YouTube and Google Maps amongst other popular applications.

Pakistan Prime Minister Nawaz Sharif convened an all party meeting in Peshawar Wednesday to forge a renewed commitment to fight terror.

"Heads of all parliamentary parties have been invited for the meeting," Dawn online quoted Information Minister Pervaiz Rashid as saying.

HDFC Property Fund, set up by Housing Development Finance Corp Ltd, India's biggest mortgage lender, plans to raise a $500 million fund to invest in residential real estate projects, said people directly involved in the process.

HDFC plans to raise part of the private equity fund from investors, including Government of Singapore Investment Corp (GIC), investment firm Temasek Holdings and Oman's State General Reserve Fund, one of the people said.

Ford India on Tuesday said that it has initiated a voluntary recall of 20,752 of its popular compact sports utility vehicle EcoSport over concerns of fuel and vapour line corrosion in the long term.

Ford India will inspect EcoSport variants, made at the company’s Chennai plant between January 2013 and September 2014, for concerns of fuel and vapour line corrosion and will also check the vehicles for reorienting wiring harness related to the correct deployment of side airbags, a company statement said.

India's equity mutual fund managers have kept their top-10 picks almost intact through 2014, barring three stocks. Despite being giants in their respective sectors, the three failed to make it to the most-invested stocks this year, said Value Research.

The three are telecom giant Bharti Airtel, fast-moving consumer goods major ITC and Housing Development Finance Corporation.

Billionaire Anil Ambani is conscious of the over Rs 1.14 trillion-debt burden his Reliance Anil Dhirubhai Ambani Group (ADAG) companies are shouldering. Naturally, he is making every attempt to infuse equity and pare debt from the overstretched balance sheets of group companies.

For Reliance Capital, the financial services arm of the group, this also serves the objective of getting its focus back on core operations. The company brought down its debt to Rs 20,564 crore at the end of the first half of the current financial year from Rs 25,577 crore a year ago. This improved the debt-equity ratio of the company to 1.61 from 1.93.

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