Fair trade regulator CCI has approved Singapores sovereign wealth fund GICs proposal to acquire 33 per cent stake in realty major DLFs rental arm DCCDL for Rs 8,900 crore.

At 2:28 pm, the stock was up 8 percent or 39 points at 523.50 level on the BSE. The stock is up 12.45 percent since the beginning of this year and rose 4.01 percent on an yearly basis.

The Bharti Airtel stock closed 1.29 percent or 6.35 points higher at 499.15 level ahead of its Q2 earnings to be announced today. Meanwhile, Hindustan Petroleum Corp Ltd (HPCL) is likely to buy Mangalore Refinery and Petrochemicals (MRPL) in a share-swap deal to become country's second-largest oil refiner.

Terming tax-paying as a \"patriotic duty\", Finance Minister Arun Jaitley today said given our aspiration to be a dominant player on the world stage, we cannot afford to be a place where the shadow economy is bigger than the real economy.

ICICI Bank, which is among the three domestic banks considered \"too big to fail\" by the RBI , said net profit was Rs 2,058 crore in the second quarter down from Rs 3,102 crore in the same quarter last year.

The government on Tuesday gave the go-ahead for a mega plan to build 83,677 km of highways with an investment of Rs 6.92 lakh crore over the next five years which will give a major push to the country's infrastructure and create more jobs.

Fitch today said that weak capital positions have a major negative influence on banks' Viability Ratings which will come under more pressure if the problem is not addressed.

After the new investment,  Flipkart will have more than USD 4 billion cash reserve which may allow the e-commerce giant to expand its consumer base by offering mega discounts through its periodic sales.

The Comptroller and Auditor General of India (CAG) has expressed doubts over the public sector banks' ability to raise Rs 1,10,000 crore from markets by 2018/19 as part of their recapitalisation exercise.

Older telcos want floor price and other measures to check losses. The government will not find it easy to meet their demands.

The Rs 15,000 crore fund-raising by the country's largest lender SBI is credit positive for the bank and will eliminate its dependence on capital infusion from the government, Moody's said today.

As debt hits Rs 1.38 lakh crore, the Ruias are looking to recast the group once again.

It may also consider some stake sale in its non-core assets including CCIL, NSE and UTI MF.

Paytm on Tuesday said that it has launched 'movies under Rs 100' segment for shows with ticket prices below Rs 100.

Public sector banks, including SBI, Bank of Baroda and IDBI Bank, plan to raise Rs 58,000 crore through equity dilution during the current fiscal to meet Basel-III norms and clean up their balance sheets.

Most mutual fund investors in our country end up holding too many funds at once, and this can work to the detriment of their investment portfolios in the long run.

This is Softbanks largest investment in a single company in India. While both the companies have declined to comment on the valuation, market watchers say that the deal values Paytm at about USD 8 billion.

After ploughing about $2 billion into minority stakes in Indian e-commerce businesses over the past few years, Japan's SoftBank is upping the stakes, looking to play consolidator and take a more active role at a trio of leading start-ups.

\"It is up to individual banks to decide when they want to raise capital and how much, but in our assessment, there are a few fit candidates for this, including State Bank of India, Bank of Baroda and Punjab National Bank,\" the official said.

Kotak Mahindra Bank (KMB) vice-chairman Uday Kotak said banks need $100 billion in fresh capital to come out of the present stressed balance-sheet as the bad loans have crossed Rs 14 trillion, or over 9.3 per cent of the system.