Business

In July, the company in a filing, had informed that Mittal's remuneration in 2018-19 was Rs 21.19 crore more than prescribed limits under the Companies Act. However, the pay was within the limits as approved by shareholders on August 19, 2016.

The 30-share index pared some opening losses to trade 248.25 points or 0.67 per cent lower at 37,063.28 at 0930 hours; and the broader Nifty too fell 67.45 points or 0.61 per cent to 10,961.95 in morning trade.

After diving nearly 700 points in the fag-end of the session, the 30-share Sensex settled 623.75 points, or 1.66 per cent, lower at 36,958.16. It hit an intra-day low of 36,888.49 and a high of 37,755.16.

Reliance Industries share prices also rose 12.09 per cent to Rs 1,302.50 compared to previous close of Rs 1,162 on BSE.

The Meesho platform allows re-sellers of everything from jewellery to mobile phones to reach prospective customers via social media platforms such as Facebook, WhatsApp and Instagram.

Sources told PTI that the banksreceived Expressions of Interest (EoIs) from three entities, of which two are financial players and another is a player in the global aviation space.

Analysts said international gold prices breaching USD 1,500 an ounce on Wednesday for the first time in six years amid growing US-China trade tensions, mainly prompted investors to rush towards gold.

During the quarter, the company witnessed total booking value of Rs 897 crore and total booking volume of 1.35 million sqft as compared to Rs 820 crore and 1.17 million sqft, respectively, in Q1 FY19.

The issue got subscribed by 86.49 times, getting a good response from investors across categories. Brokerages were also expecting 20-25% upside in the stock at the time of listing.

HPCL also plans to shut a gasoline deslphuriser at its 150,000 bpd Mumbai refinery in the western state of Maharashtra for 15-20 days in December.

At present, there is a mechanism in place for banks to report all banking frauds to the Central Fraud Monitoring Cell of the Reserve Bank and the proposed dedicated registry will further enable this process.

Home Minister Amit Shah moving a resolution in Rajya Sabha that all clauses of Article 370 will not be applicable to Jammu and Kashmir kept pressure on the Indian rupee.

In its latest edition of Economy Watch, EY said assuming India grows by projected 7% in the current fiscal year ending March 31, 2020, the size of the economy will grow to $3 trillion from $2.7 trillion in the previous year.

Speaking at the Financial Market Conclave organised by CII, SEBI's Executive Director Amarjeet Singh said these practices should be discontinued in the interest of listed companies, promoters and related parties.

The RSS' economic wing alleged that the RBI has been working on the wrong model and faulty framework when all over the world the rates of interest go down as inflation goes down, but not in India.

This is the lowest closing level for both the key indices since early March. Weak economic data, unabated foreign fund outflows and disappointing quarterly earnings also weighed on market sentiment.