Business

Following the sharp fall in stocks, the market capitalisation (m-cap) of BSE-listed companies dropped by Rs 1,14,676.15 crore to Rs 1,55,22,343 crore. The 30-share key index plunged 505.13 points or 1.33 per cent to end at 37,585.51.

The dollar rose against a basket of major currencies overseas, with investors cautiously awaiting news on the implementation of US tariffs on an additional USD 200 billion of Chinese imports.

On revenue collections, Finance Minister Jaitley said the impact of anti-black money measures, demonetisation and GST are now visible with "phenomenal" increase in tax base.

In August, the growth rate in overseas shipments touched a three-month high of 19.21 per cent. Earlier in May, exports had recorded a growth of 20.18 per cent.

Shivinder had earlier filed an application before the Delhi bench of the National Company Law Tribunal (NCLT) alleging that collective and ongoing actions of Malvinder led to a systemic undermining of the interests of the companies and their shareholders.

Experts are of the opinion that petrol and diesel prices will surge further due to lack of supply in the global oil market.

JLR boss Ralf Speth said that fears of a so-called "no-deal" Brexit and lack of clarity over Britain's post-Brexit plans threatens the UK-based luxury carmaker's entire operational set up.

The former RBI governor noted that the system has been singularly ineffective in bringing even a single high-profile fraudster to book.

Every unlisted company making any offer for issue of any securities or buyback of securities or issue of bonus shares or rights offer are required to comply with certain requirements, as per the rules.

The BSE 30-share barometer dropped by 165.72 points, or 0.43 per cent, to 38,077.09 in opening trade as index major Sun Pharma, Yes Bank, SBI, ICICI Bank, NTPC, ONGC and Maruti Suzuki declined.

The bench directed that forensic audit of 46 group companies of Amrapali and its directors and promoters and their spouses and children will be done in two months.

A Jet Airways' spokesperson said the management is in dialogue with the pilots and other members of its team to resolve some issues including disbursement of salaries.

The Naresh Goyal-promoted private airline, in which UAE national carrier Etihad holds 24 per cent stake, is facing acute cash crunch after posting two back-to-back quarterly losses this year.

The 30-share BSE Sensex is modestly lower by 29.83 points or 0.08 per cent at 38,128.09 at 1100 hours.

Flagging various concerns about the Indian aviation sector, IATA chief Alexandre de Junica said levying GST on international air tickets violates ICAO principles.

Shares of TCS rose by 2 per cent to Rs 2,097 -- its 52-week high -- on BSE.