The Securities and Exchange Board of India (Sebi) has received complaints that PACL (Pearl Agrotech Corporation Limited) continues to collect money from investors, defying the market regulator’s ban.

The market regulator, also entrusted with the responsibility of cracking down on illicit money collection schemes, plans to issue an advisory, cautioning investors against investing in schemes offered by the Delhi-based company.

The central government's list of 627 black money accounts may prove to be another damp squib as the account holders got enough time to transfer the money or even close their accounts.

The list submitted before the Supreme Court also includes around 150 account holders, who have already paid fines and clarified other taxation formalities. Thus their accounts can no longer be categorised as black money accounts. Besides, many accounts have been opened in the name of trusts abroad and thus the money could never be traced back to the original owners in India.

State-owned Oil and Natural Gas Corp (ONGC) has edged past Reliance Industries (RIL) to be the highest-ranked Indian energy firm on this year's Platts Global 250 Rankings.

ONGC, ranked 22 in 2013, improved one position this year on the list led by global firms Exxon Mobil Corp, Chevron and Royal Dutch Shell. RIL slipped from the 19th rank in 2013 to 22nd.

India’s largest information technology services provider, Tata Consultancy Services (TCS), has, for the first time, made it to The Boston Consulting Group(BCG)’s top 50 most innovative companies of 2014 across the globe. TCS is the only Indian company to have made it to the list.

This is not all. Bangalore-based Wipro is ranked fifth among the top 10 up and coming companies that have the potential to join the Top 50 Most Innovative Companies in the world.

Sri Lankan Prime Minister D.M. Jayaratne said President Mahinda Rajapaksa would be able to contest the upcoming presidential elections despite the opposition saying he does not have the legal right to do so.

Mr. Jayaratne said Mr. Rajapaksa will be able to contest for a third term in office as a result of the constitutional changes brought in by the government through the parliament, Xinhua reported.

The central government submitted the names of all illegal foreign bank account holders to the Supreme Court on Tuesday.

Attorney General Mukul Rohatgi filed set of three documents to Apex court in a sealed cover. The documents include 627 names and status report of their investigation in these cases

Maruti Suzuki on Tuesday announced a significant engine upgrade and a bevy of new features for its top-selling premium hatchback Swift in order to challenge rival Hyundai’s new i20 that has seen strong demand with over 40,000 bookings since its launch in August. At Rs 4.42 lakh (petrol) and Rs 5.56 lakh (diesel), the starting prices for the new Swift is lower by almost Rs 50,000 over the new i20.

The Swift, currently the second top-selling car in the country with average monthly volumes of 17,000 units, will now be around 10% more fuel efficient in both its petrol and diesel versions. In terms of features, it gets push button engine start, electric retractable outer rear-view mirrors, reverse parking sensor and bluetooth connectivity for the audio system. It is also given a new bumper design and alloy wheels, and a new colour — Mysterious Violet.

Zambian President Michael Sata has died in London, where he had been receiving treatment for an undisclosed illness, three private Zambian media outlets said on Wednesday.

Devendra Gangadharrao Fadnavis, 44, was on Tuesday unanimously elected as the Bharatiya Janata Party (BJP) legislature party leader in the Maharashtra Assembly. This has paved the way for the BJP state unit president — a law graduate — to become the chief minister. The BJP is short of a majority by 23 seats in the 288-member Assembly.

Accompanied by party General Secretary Rajiv Pratap Rudy, Union minister Prakash Javadekar, state Core Committee members Eknath Khadse and Vinod Tawde, besides allies RPI leader Ramdas Athawale and RSP's Mahadev Jankar, Fadnavis later called on Governor C Vidyasagar Rao to stake claim to form the government. We gave the governor a letter seeking opportunity for BJP to form government. The governor has asked us to prove majority in 15 days after the swearing-in on October 31, Fadnavis told reporters after meeting Rao.

With an aim to enhance focus on core business, L&T Infotech, provider of IT services and solutions, and a wholly-owned subsidiary of the $14.3 billion Larsen & Toubro (L&T), has completed the acquisition of Information Systems Resource Centre. Financial details of the deal were not disclosed.

Information Systems Resource Centre (ISRC) was a subsidiary of Otis Elevator, which is a part of UTC Building & Industrial Systems, a unit of United Technologies Corp.

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