Country's leading retailer Reliance Retail on Friday said it will reduce the equity share capital to the extent held by shareholders other than its promoter and holding company.

The board of Reliance Retail, on July 4, 2023, approved the proposal in which shares held by such shareholders shall stand cancelled and extinguished as per the capital reduction plan.

Prime Minister Narendra Modi will lay the foundation stone for several crucial infrastructure development projects worth around Rs 6,100 crore in Warangal on Saturday, according to official sources.

Modi would visit the famous Bhadrakali temple in the district before attending the events and would also address a public meeting, they said.

Karnataka Chief Minister Siddaramaiah is set to present the State Budget today at 12 noon, the first after Congress assumed power in the state following its sweeping victory in the May 10 assembly elections.

Chief Minister Siddaramaiah has arrived at Vidhana Soudha in Bengaluru to present the state budget.

Hospitality technology platform OYO on Friday said it will add 500 new hotels in the next three months in host cities of the upcoming men's cricket world cup in India, to meet the anticipated increase in booking demand.

The new hotels will be strategically located near the stadiums, ensuring ease of access for cricket fans traveling from around the world to witness their favourite teams in action, OYO said in a statement.

Shares of Praj Production soared 10 per cent to Rs 405.90 on the BSE in Friday's intra-day trade amid heavy volumes, in an otherwise subdued market, after the firm signed a term sheet with Indian Oil Corporation (IOC) to advance plans to strengthen biofuels production capacities in India.

At 11:07 AM, the stock was trading 8 per cent higher at Rs 400.20, as compared to 0.35 per cent decline in the S&P BSE Sensex.

State Bank of India, the country’s largest lender, is re-jigging its senior leadership positions with at least four key executives getting new roles, according to people familiar with the matter.

Rajay Sinha, chief general manager in charge of global markets, will become managing director and chief executive at the brokerage arm SBI Capital Markets Ltd., the people said, asking not to be identified as the details aren’t public.

Reliance Industries Ltd on Thursday said the National Company Law Tribunal has given its nod to the demerger of the company's financial services undertaking and its listing.

Reliance had previously announced plans to demerge its financial services undertaking into Reliance Strategic Investments Limited (RSIL) and rename and list it as Jio Financial Services Limited (JFSL).

The Securities and Exchange Board of India (Sebi) has sought an explanation from the National Stock Exchange (NSE) over allegations of some traders misusing its trading access point (TAP) software, The Economic Times (ET) reported on Thursday.

Allegedly, some high-frequency traders manipulated the platform in 2013 to execute "thousands of orders" without being detected and crowding out other users.

On Wednesday, with at least 32 of the Nationalist Congress Party (NCP) legislators turning up to support him, Maharashtra Deputy Chief Minister (CM) Ajit Pawar said he aspired to be the state’s CM someday. Of the NCP's 53 Members of Legislative Assembly (MLAs), 18 were paraded at the meeting that party chief Sharad Pawar called.

Ajit sought his 83-year-old uncle Sharad Pawar’s blessings and urged him to retire from active politics. The 63-year-old asserted that he, not his uncle, was the national party chief of the NCP.

Maharashtra BJP president Chandrashekhar Bawankule on Wednesday said that opposition parties are creating confusion regarding the Chief Ministership of Eknath Shinde but he will continue as the CM of the state.

Addressing the media, Chandrashekhar Bawankule said," All our senior leaders including Devendra Fadnavis have already told that Eknath Shinde will remain as CM. He is doing a good job for the state. Opposition parties are creating confusion."

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