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Journalist Paranjoy Guha Thakurta and four others have moved a Delhi district court challenging a Rohini court order that restrained them from publishing reports about the Adani Group. The other appellants include journalists Ravi Nair, Abir Dasgupta, Ayaskant Das, and Ayush Joshi.The district court has listed the matter for hearing tomorrow at 10 a.m.

According to M Nagaraju, Secretary, Department of Financial Services, Ministry of Finance, the government has not proposed to cut its stake in public sector banks below 51%.

“They will continue to be majority-owned by the government, because there is a public interest in the government owning a majority in public sector banks,” Nagaraju told CNBC-TV18 at the Banking Transformation Summit. He stressed their critical role in serving neglected and underserved sectors.

From Bloomberg | SMFG Also Agrees To Buy 4.2% Stake In Yes Bank From Carlyle

SMFG Will Acquire Yes Bank Stake From Carlyle For 51 Bn Yen

SMFG Says

Its Stake In Yes Bank Will Be 24.2%

Hyundai India Signs Long-Term Wage Agreement With Union

Vedanta To NCLT In Demerger Case

No legal requirement for any further disclosure, the government is not opposed to the demerger scheme: Vedanta to NCLT in demerger case.

On Wednesday, September 17 (local time), the US Federal Reserve is scheduled to make its policy announcement, which is most likely to be its first rate cut of the year.

Govt on Vedanta Demerger 

Vedanta Demerger in NCLT

Govt doubles down on objection to Vedanta Demerger

Govt argues NCLT needs to see if the demerger scheme is being used as a ruse to frustrate the recovery of the Govt due.

Mansion House Brand Case

LUPIN

These are the top contributors aiding the Nifty 50

The Indian rupee gained 28 paise from its previous finish of 88.09 on Wednesday, September 17, when it opened higher at 87.84 against the US dollar and subsequently reached 87.81 in early trading.

A weakening dollar index and dropping US Treasury yields ahead of the Federal Reserve’s policy announcement have helped the currency reach its best level since August 29.

The Management of Urban Company speaks exclusively to CNBC-TV18

Watch CNBC-TV18 LIVE

Nitij Mangal, Jefferies India On CNBC-TV18

POSITIVE

MCX – SEBI indicates may allow FPIs to participate in non–agri commodities

DEFENCE STOCKS GAIN – BEL/GRSE/PREMIER EXPL/IDEAFORGE/ COCHIN SHIPYARD

MAHINDRA LIFE – Selected as redevelopment partner for 2 housing societies in Chembur. Opportunity size 1700cr

ABFRL – Street Cheers new retail brand launch

IRM ENERGY – Surges on strong volumes

NEGATIVE

Britannia – top NSE 500 lagard

Select hospital stocks under pressure – Fortis/Max Healthcare

Select Telecom stocks see profit booking – Idea/Indus Tower

Fluorochem – under pressure after large block deal

On Wednesday, September 17, holders of the Sovereign Gold Bond (SGB) 2019-20 Series-IV have the option to prematurely redeem their units, resulting in a gain of approximately 183% above the issue price of ₹3,890 per gramme.

When expressed on an annual basis, this amounts to roughly 18.6% annually.

Abhinav Chaturvedi, Accel On CNBC-TV18

Strengthening India’s commodity markets is high on SEBI’s development agenda, constituted a committee to recommend measures for deepening the agricultural commodity

MakeMyTrip ties up with Zomato to roll out ‘Food on Train’ offering

IndiGo Signs Two Contracts With Thales For Avionics Maintenance & Elec Flight Bag Roll-Out

SBI completes divestment of 13.18% in Yes Bank to SMBC for ₹8,889 crore

TVS Motor partners with Noise for EV smartwatch integration, exclusively available on the TVS iQube site

‘It is my deepest wish that Modi ji should continue to serve India when independent India turns 100,’ wishes Mukesh Ambani

Following the announcement by Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey that the regulator intends to permit banks and pension funds to engage in commodity trading, shares of Multi Commodity Exchange of India Ltd. (MCX) surged up to 5% on Wednesday, September 17.

Platinum Industries

KNR Constructions

Mirza International

IRM Energy

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