The proposal envisages selling about 5% equity stake in ONGC, 3% in IOCLand 10% in OIL. 

Tata Sons board to meet today to decide Jet Airways takeoverThe board of Tata Sons is likely to meet Friday to discuss a proposal to take over the Naresh Goyal-controlled Jet Airways, which is looking for investors to tide over liquidity crunch that it has been saddled with, according to people familiar with the development. Airline's deputy chief executive and chief financial officer Amit Agarwal earlier this week had admitted that the company was in talks with \"multiple interested parties\...

FIIs have been on a withdrawing spree in September and October on the back of US providing more attractive options for investing. In September, they pulled out Rs 21,035 crore from the Indian capital market.

Besides Goyal, who along with his family owns 51 percent stake in the carrier, Gulf carrier Etihad Airways holds 24 percent stake in the cash-strapped airline.

ZEE Entertainment's idea of creating long-term value by transforming into a leading global media-tech player comes at a time when the broadcast business at large is beginning to show first signs of dip with advertising revenue getting impacted.

The domestic currency hit an intra day high of 71.86 - a fresh two-month high-in the forex market compared to its previous close of 72.31 to the US dollar.

Media reports earlier this week suggested that the Tata Group had already started its due diligence process in order to pick up a controlling stake in Jet Airways, which recently reported its third consecutive quarterly losses for the quarter ending September.

But broader economic conditions and sustained losses could push Uber to merge with rivals in India and the Middle East, particularly as Uber and India-based Ola share an investor in SoftBank Group Corp.

Sameet Chavan, Chief Analyst, Technicals and Derivatives at Angel Broking, takes viewers through all the market action today. Benchmark equity indices gave up early gains to end a shade lower at 35,141.99 after a highly volatile session Wednesday as losses in pharma and information technology shares offset gains in energy, banking and metal stocks, amid weak global cues. The BSE Sensex swung nearly 365 points both sides on heavy buying and selling during the session.

On Monday, the airline reported its third consecutive quarterly loss at Rs 1,261 crore in three months to September.

Ruchit Jain, Technical Analyst at Angel Broking, takes viewers through all the market action today. The equity benchmark Sensex Tuesday recouped nearly 332 points following robust buying in energy, infra and banking stocks amid easing crude oil prices and strong recovery in the rupee. Similarly, the broader NSE Nifty jumped over 100 points to cross the key 10,500 level.

However, most Asian markets ended lower after a rout in tech stocks, tracking a hefty sell-off on Wall Street, while the dollar hit a 16-month peak on safe haven bets amid China-US trade war worries.