To make delisting easier and faster, market regulator Sebi will soon announce a new set of regulations wherein time required to complete such an exercise may be more than halved from a minimum of 137 days at present.

The changes are being made after taking into account suggestions made by the industry and other stakeholders, including market entities and investors.

Shares of the country’s largest cigarette maker ITC is trading higher by 3% at Rs 367 on National Stock Exchange (NSE) in otherwise subdued market on back of heavy volumes.

The stock opened at Rs 356 and touched a high of Rs 368 on NSE so ar. At 1149 hours, a combined 9.12 million shares changed hands against an average sub 6 million shares that were traded daily in past two weeks on NSE and BSE.

Hours after the Union Council of Ministers was expanded on Sunday, a slighted Shiv Sena, which has been refused a Cabinet berth, declared it would sit in the opposition if the newly elected Bharatiya Janata Party-led minority government in Maharashtra sought the support of the Nationalist Congress Party (NCP) to survive the trust vote on Wednesday.

Star batsman Virat Kohli on Sunday became the quickest cricketer to reach 6,000 runs in ODIs, bettering legendary West Indian Vivian Richards’ record during his 53-run knock in India’s third ODI against Sri Lanka.

Playing in his 144th match and 136th innings, Kohli reached the milestone with a single off left-arm spinner Chaturanga de Silva in the 39th over at the Rajiv Gandhi International Stadium. Vivian Richards took 156 matches and 141 innings to reach the milestone in 1989.

Senior Bharatiya Janata Party (BJP) leader Subramanian Swamy today expressed hope that the black money stashed in foreign banks would return to the country in about one year.

“We are optimistic that the black money stashed in foreign banks would return to the country in about one year time, much before the expectation of the people,” Swamy told reporters here.

Larsen and Toubro (L&T) has dipped nearly 3% to Rs 1,611 in early morning deals on NSE on reports that the company management has said it might miss the annual revenue and margin forecast owing to delays in projects and problems in execution of hydrocarbon projects.

The company management has said it might miss the annual revenue and margin forecast owing to delays in projects and problems in execution of hydrocarbon projects, a Business Standard report suggests.

The benchmark BSE Sensex hit new record-high of 28,027.96 and the NSE Nifty touched another peak of 8,383.05, respectively in opening trade on Monday as investors cheered expansion of the Union Cabinet amidst continued foreign capital inflows.

Besides, a mixed trend at other Asian markets influenced trading sentiments.

The Narendra Modi government made the first major expansion and restructuring of its council of ministers on Sunday, six months after taking charge. With 21 ministers taking oath of office and secrecy - four in the Cabinet rank, three as ministers of state with independent charge and 14 as ministers of state - the government's bench strength has now reached 66.

According to a late-evening announcement, former Goa chief minister Manohar Parrikar (to be elected to the Rajya Sabha from Uttar Pradesh) will take over as defence minister from Finance Minister Arun Jaitley, who until now held defence as an additional portfolio. Suresh Prabhu (yet to be elected to either House) replaces D V Sadananda Gowda as railway minister. J P Nadda has been given the health & family welfare portfolio and Birender Singh has become the Union minister for rural development, panchayati raj, drinking water and sanitation.

The Securities and Exchange Board of India (Sebi) is set to overhaul the insider trading norms, first framed two decades ago. The regulator is expected to approve the new norms at its board meeting on November 19.

Sources in the know said the new rules would be far more stringent than the regulations currently in place but not as strict as those mentioned in the draft document circulated in December last year.

Bandaru Dattatreya from Telangana and Sujana Chowdary from Andhra Pradesh are likely to be inducted into the union cabinet, which is likely to be expanded Sunday.

Dattatreya, national vice president of the Bharatiya Janata Party (BJP), is a member of Lok Sabha from Secunderabad, while Y S Chowdary, popularly known as Sujana Chowdary, belongs to the Telugu Desam Party (TDP) and is a member of Rajya Sabha from Andhra Pradesh.

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