Future Enterprises Ltd (FEL) plans to prepay the Non-Convertible Debentures (NCDs) from the Rs 24,713 crore Reliance deal. The company will receive the fund after selling its retail and other businesses to Reliance Industries' step down firm Reliance Retail Ventures. FEL is convening a meeting of its debenture-holders of Series XV on January 7 next year to consider and approve the prepayment.

Axis Bank denied allegations on Srei Group exposure and said that it followed underwriting practices and approval processes while extending loans to Srei Equipment Finance Ltd and Srei Infra Finance Ltd. In a notice to the stock exchanges, the bank said its outstanding exposure to Srei group stands at ₹800cr as against the ₹44,000cr alleged by Sydney-based Scams Breaking on its website.

Bharat Petroleum Corporation Ltd (BPCL) will consider buying out Oman Oil Company in the Bina refinery project in Madhya Pradesh. BPCL board will also consider merging Bharat Gas Resources Ltd(BGRL) with itself, the company said in a filing to the stock exchanges on Tuesday. BPCL currently holds 63.68% stake in Bharat Oman Refineries Ltd, operating a 7.8 million tonne oil refinery at Bina, MP.

Embassy Office Parks, backed by Blackstone and Bengaluru-based realty player Embassy on December 15 approved the launch of its mega fundraising plans with the first institutional placement by a REIT in the country. Embassy is India’s first publicly listed Real Estate Investment Trust (REIT) and also the largest REIT in Asia by area. It owns and operates a 33.3 million square feet (msf) portfolio.

Ramco Systems Ltd on Monday announced that its various business units in Europe, Asia and America have signed large multi-million dollar deals with multiple companies. The company’s Ramco Aviation, Aerospace and defence business unit in Europe has signed an agreement with a leading European MRO for delivering full suite Ramco Aviation Software, to digitally transform their MRO Business.

Tata Consultancy Services revealed on Tuesday that its award-winning AI-based merchandise optimisation suite for retailers, TCS Optumera, is named as a Representative Vendor in the Gartner Market Guide for Retail Assortment Optimization Applications in Merchandising. The guide has recognized TCS Optumera Assortment Optimization, Competitive Assortment and Fashion Assortment offerings.

SBI Card, India's largest pure-play credit card issuer, and Bharat Petroleum Corporation Ltd, a Maharatna Company and the second largest petroleum company in India today announced the launch of the BPCL SBI Card OCTANE. The card has been designed to offer maximum savings to the well-heeled consumer segment which spends a significant amount on fuel.

Hindustan Coca-Cola Beverages (HCCB) launched 7 additional renewable energy projects into service to develop 23.5 million units of clean electricity. Powered essentially by wind, solar and biomass, the renewable energy projects can achieve a reduction of around 2 lakh tonnes of carbon emission every year. Now, the total power generation from renewable energy sources in HCCB is 93 million units.

Punjab & Sind Bank informed exchanges about an NPA account- SEL Manufacturing Company with outstanding dues of Rs77.82cr as a fraud. The bank reported to RBI as per regulatory requirement. It said, "regard to the Bank's policy on determination and disclosures of material events, it is informed that an NPA Account, viz. SEL Manufacturing Company Limited with outstanding dues of Rs77.82cr as fraud.

Airtel Business, the B2B unit of Bharti Airtel, today introduces Customer Advisory Board with the objective of making its customers equal stakeholders in its product development journey. The Board will have representation from Airtel's top enterprise customers cutting across a diverse set of industries/sectors. It will meet at regular intervals to deliberate and offer counsel on customer issues.

Edtech platform upGrad acquired recruitment and staffing solutions firm Rekrut India. The financial details of the deal are yet to come to light. This is part of a slew of acquisitions by upGrad to expand its presence in professional learning and human capital space. The first such acquisition was of The GATE Academy (TGA) on November 24 through which upGrad entered the test-preparation space.

Bajaj Finance crossed the Rs 3 trillion market capitalization for the first time on Tuesday, as the stock price of the country’s largest non-banking finance company (NBFC) hit a record high in an otherwise lacklustre market. At 2:19 pm, the stock was up 4.57%t at Rs 5,122.10, and the market capitalization of the stock stood at Rs 3.08 trillion.

Apple, staying true to its promise to provide transparency around iOS app data collection has launched new privacy labels on the App Store. These new labels will be required for all third-party and first-party apps across iOs, macOS, watchOS, tvOS and iPadOS. Every time an app developer submits an update, the privacy labels have to be also updated.

HSBC downgraded InterGlobe Aviation to 'reduce' from 'hold' as they believe the stock is expensive and it does not see any potential positive catalysts. However, the bank maintained a 'buy' rating on SpiceJet as it expects potential tailwinds for the stock from the return of 737 MAX aircraft, Boeing compensation and potential for a reduction in its ownership cost.

Department of Posts (DoP) and India Post Payments Bank (IPPB) introduced a new digital payment app ‘DakPay’ at a virtual launch event today. The App is part of its ongoing efforts to provide Digital Financial inclusion at the last mile across India. DakPay is not just a digital payment app but a suite of digital financial and assisted banking services provided by India Post & IPPB.