Business

The ministerial panel formed for the purpose of Air India divestment is also likely to meet soon to clear the privatization process, said the report.

WeWork India currently has 26 operational coworking centres with 46,000 seating capacity. It has 9 centres in Bengaluru, 10 in Mumbai, 6 in Gurugram and one in Pune.

Oyo, which operates in over 80 countries, is expanding in the United States and Europe, where it runs vacation rentals. Most of the money will be used for this expansion.

The European Commission is now racing to wrap up the two-year investigation into the brand owner of IKEA, known for its giant out-of-town budget furniture stores, but the timing may still slip as it weighs the scope of the case.

The backlash against Oyo - while limited to a small share of the more than 10,000 hotel owners in India who work with it - comes at a crucial time for an emerging-market unicorn valued at $10 billion and its major investor.

Each e-store will provide all festival essentials in one place - making shopping for traditional items simple and convenient, said a spokesperson of the online marketplace.

Forex traders said, the domestic unit was trading higher as investors believe the RBI will go for yet another rate cut to boost slowing economic growth.

The former IPL commissioner, who is said to have left India for London in 2010, is already facing a money laundering probe also, though he has been denying any wrongdoing.

On 24 September, the RBI had placed restrictions on the amount that can be withdrawn from the Punjab & Maharashtra Cooperative Bank, Mumbai, setting the limit at Rs 1,000.

The Reserve Bank of India (RBI) recommendation was sent to the Registrar of Cooperative Societies of Maharashtra which has administrative control over the coop banks in the state.

The equity benchmark indices registered their biggest weekly gains in four months for the week ended 27 September. The S&P BSE Sensex rose 2.13% this week to close at 38,822.57, while the Nifty 50 climbed 2.11% to 11,512.40.

The RBI move comes amidst the Delhi Police's Economic Offences Wing registering a complaint against the board of LVB alleging cheating and misappropriation of funds.

Nirmala Sitharaman said state-owned companies have also been asked to set up a portal by October 15 where service providers, vendors and contractors can track bills and payments so that liquidity crunch is mitigated.

The 30-share S&P BSE Sensex closed down 167.17 points, or 0.4%, at 38,822.57 on Friday, while the Nifty 50 index slipped 58.70 points, or 0.51%, to 11,512.50.

Manufacturing incentivized by policies such as Make in India and agriculture by ensuring access to market for farmers are key sectors that are going to drive a significant portion of India's growth over the next few years, he said.

Yes Bank Ltd shares rose 1.2%, while those of Reliance Nippon Asset Management gained 2.3% after Rana Kapoor-controlled Morgan Credits paid Rs 792 crore to RNAM.