Two high-profile RBI exits - Urjit Patel and Viral Acharya - have again opened the debate on the central bank's independence

The Indian government on Friday announced a fresh capital infusion of about $10 billion into debt-burdened state banks and credit guarantees to support shadow lenders in a bid to boost lending and revive the economy.

Sensex Live Today: Sensex and Nifty closed on a negative note, as market participants turned cautious post the outcome of Union Budget 2019 amid globally weakened markets.

Budget 2019: Indian economy will reach $3 trillion in current year, it is well within our capacity to reach $5 trillion economy in few years, says FM

Union Budget 2019 Live: With today's budget, the Modi government seeks to reverse weakening growth and investment to regain India's fastest growing economy tag

The beleaguered auditors Deloitte Haskins and Sells, and BSR and Co (a KPMG affiliate) are faced with several chargesheets, petitions, show-cause notices and requests for information from six probe agencies.

In the past 14 years Jet shareholders have lost Rs 11,397.18 crore from its peak market capitalisation of Rs 11,856.68 crore as on April 26, 2005. At that time, the share price of the airline had clocked an all-time high of Rs 1,373.35.

Share Market LIVE: On the sectoral front, indices trading in the green are IT, FMCG, Auto, Metal, Infra and Pharma. In declining indices, PSU bank and Media tops the list with 1.40% decline each, followed by Financial services, Energy, Bank and Realty.

According to industry source, Vodafone Idea has reportedly received a valuation of around Rs 15,000 crore for its around 1.56 lakh kilometre long telecom fibre assets

The bank is in the middle of a legal battle with the central bank, which last year ordered Uday Kotak, the billionaire head of Kotak Mahindra Bank, to lower his holdings in the private-sector lender.

The deal will be completed in three transactions with the Blackstone-Embassy combine taking a 15% stake this week, followed by the purchase of the residual stake over the next 6-8 weeks. This will be followed by an open offer to the existing shareholders of IBREL.

The award by Washington-based US-India Business Council (USIBC) would be conferred upon Indian-American Pichai, 46, and Friedman, 50, during the next week's 'India Ideas Summit'.

Share Market Live: Nifty 50 has made an intraday high as well as new high of 12,098 after crossing the earlier high of 12,041.5, whereas Sensex is trading at the all time high of 40,283, a rise of 569 points.