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The Tata bid is about ₹3,000 crore higher than the reserve price set by the government and about ₹5,000 crore more than the bid by Singh, said the people cited above. Government sources have declined to comment on reports that have put the reserve price at ₹15,000-20,000 crore.

In response to a query from ET, a Srei Group spokesperson said the economic downturn and loan moratoriums provided by the regulator had affected operations. The group is now in discussions with banks to implement a restructuring scheme.

The maker of the Brezza SUV had earlier kept the door open for the diesel powertrain for mid-size vehicles, though it had stopped producing small diesel-run cars. But the shift of consumer preference towards petrol has triggered the company to finally bid adieu to diesel.

Paras Defence and Space Technologies will be listed today. The manufacturer of defence and space engineering products is expected to make a super solid Dalal street debut.

Gold prices eased on Friday after rallying to a one-week high above the key $1,750 level in the previous session, as the dollar rebounded and made the metal expensive for holders of other currencies. Spot gold fell 0.1% to $1,754.64 per ounce by 0139 GMT, after rising nearly 1.8% on Thursday as the dollar index slipped.

“T S Global Holdings (TSGH), an indirect subsidiary of Tata Steel has entered into a definitive agreement with TopTip Holding Pte Ltd for the s NatSteel Holdings,” the company said in a BSE filing on Thursday.

Equity mutual funds betting on information technology stocks, mid-caps and small caps have yielded the highest returns for investors who put money in these products through Systematic Investment Plans (SIPs) in the past decade.

The fines are for flouting licence conditions by denying Jio adequate points of interconnection (PoIs) in 2016, which affected the quality of services. This comes shortly after the government unveiled a series of measures to help the debt-laden sector.

While State Bank of India (SBI) and Union Bank of India picked up 13.27 per cent stake each, representing a cumulative 3.88 crore shares in the National Asset Reconstruction Company Ltd (NARCL), PNB subscribed to 12.06 per cent stake (1,80,00,000 shares).

In another transaction, Kotak Mahindra International sold 680,000 shares of Banswara Syntex at Rs. 153.2 apiece through a bulk deal on the NSE.