Business Highlights Of The Day

India has increased customs duty on 29 products, including pulses and iron and steel products, imported from the US as a retaliatory action against the tariff hike by Washington.

SEBI-TAKEOVER NORMS
Mumbai: Markets regulator Sebi today approved changes to takeover regulations wherein entities would get additional time for upward revision of open offer price during share tendering period.

STOCKS
Mumbai: Stocks surrendered early gains to finish with losses today as lingering worries over global trade and lack of definitive domestic triggers held investors back.

SEBI-ICICI BANK
Mumbai: Sebi Chairman Ajay Tyagi today said the regulator is yet to receive reply from the ICICI Bank on allegations involving its CEO Chanda Kochhar.

RBI-ATMS
Mumbai: Taking a serious note of slow progress by banks in addressing security issues, the Reserve Bank today gave them strict timelines to upgrade their ATMs or else face action.

SEBI-WHATSAPP
Mumbai: Sebi has received four reports in the matter pertaining to leak of price-sensitive information of companies through WhatsApp and is carrying out further investigations, chairman Ajay Tyagi said today.

SEBI-IPO NORMS
Mumbai: The IPO price band can be announced two working days before commencement of the offer, with markets regulator Sebi today approving various amendments to the regulations.

POWER-STRESSED-ASSETS-MEET
New Delhi: The Reserve Bank today indicated to the finance ministry that its February 12 circular on new framework for stressed assets provides enough space for resolution of bad loans in the power sector, according to a senior official.

SEBI-LD NSE
Mumbai: Markets regulator Sebi today said it has initiated enforcement actions against various entities in the National Stock Exchange co-location case.

BULLION-LD CLOSE
New Delhi: Gold prices tumbled Rs 145 to Rs 31,570 per 10 grams at the bullion market today on fall in demand from local jewellers and retailers amid a weak trend overseas.

RUPEE CLOSE
Mumbai: The rupee today gained further ground to end at 67.98 against the US dollar, appreciating by 10 paise on sustained selling of the American currency by exporters and local banks even as Fed officials strike a hawkish tone.

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