Ahead of it's Q3 results, ICICI Bank, the private lender has reportedly received the Sri Krishna Report on the ICICI Bank-Videocon Group loan case . the report will come up for discussion at today's board meeting. In May 2018, ICICI Bank had constituted a panel under Justice Srikrishna to look into allegations in the Kochhar-Videocon Group case. ICICI Bank Board is now deliberating the next course of action. 

Stock markets on Tuesday ended in red dragged by metals and autos as panic rises in global markets over increasing cases of&nbsp;coronavirus.
The Sensex on Tuesday closed 161.31 points down at 40,894.38. Similarly, Nifty 50 ended the session below 12,000, falling&nbsp;0.44%.
Infratel was the biggest Nifty loser, crashing over 11%. Yes Bank, Tata&nbsp;Motors, IndusInd&nbsp;bank and Hindalco&nbsp;were the other top losers. While, Coal India, Zee, BPCL, GAIL and Adani&nbsp;Ports were the top five gainers.
The Indian rupee was down 26&nbsp;paise&nbsp;at 71.56 against the US dollar in intraday&nbsp;session.
 
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Domestic equities fall in early trade on Tuesday after Moody's slashed India's growth estimates. Weak Asian cues also impacted trade sentiments.
At 9:30 AM, the Sensex&nbsp;was down 247.91 points or 0.60% at&nbsp;40,807.78. The NSE&nbsp;Nifty index was trading at 11,965.40, falling 80.40 points or 0.67%.
Yes Bank, IndusInd&nbsp;Bank, Infratel, Hindalco and Tata&nbsp;Steel were the top five Nifty losers.&nbsp;
The Indian rupee opens at 71.38 against its Monday close of 71.30 per&nbsp;US dollar.

India employees could see the&nbsp;lowest salary hike in 2020 in over a decade. As per the Aon&nbsp;Salary Increase survey 2020, the salary hike this year could be just 9.1%. The projected hike is even lower than 9.3% it projected in 2019.&nbsp;It said that despite the dip in the projections, two out of five participating companies in the survey were projecting a double-digit increase, expecting a positive economic outlook.&nbsp;The results are based on responses from over 1,000 organisations spread across more than 20 industries.

Amid talks of Centre&nbsp;encashing its bank guarantee over default in payment of AGR dues, Vodafone Idea Chairman Kumar Mangalam Birla met Telecom Secretary Anshu Prakash on Tuesday as he looked for options to keep the company afloat. After the meeting, Birla said he "cannot say anything at the moment." The meeting took place after the&nbsp;Supreme Court on Monday refused to stop DoT from taking any coercive steps for recovery of dues from Vodafone Idea.&nbsp;Vodafone Idea may have to shut if there is no relief on the statutory dues.

Reliance Industries (RIL) on Monday announced their decision to merge&nbsp;TV18 Broadcast, Hathway Cable and Den Networks&nbsp;into Network18 Media &amp; Investments. Accordingly, the scheme's share exchange ratio proposes that for every 100 shares of TV18, shareholders will receive 92 shares of Network 18, while, those of Hathway shareholders will get 78 shares and Den shareholders will get 191 shares.&nbsp;Post the consolidation Network18 will be an integrated media and distribution company with a revenue of ₹8,000 crores and will scale-up as one of the largest listed players in the sector.

Casual dining chain Barbeque Nation has filed papers with the markets regulator SEBI to raise an estimated&nbsp;₹1,000-1,200 crores through an&nbsp;IPO. The company may consider a pre-IPO placement of ₹150 crores. Proceeds of the issue will be utilised to repay an outstanding borrowing of&nbsp;₹205 crores in part or full and for general corporate purposes.

Amazon founder Jeff Bezos has announced he plans to spend $10 billion of his own fortune to help fight "the devastating impact" of climate change.&nbsp;The world&rsquo;s richest man took to Instagram&nbsp;to say that the Bezos Earth Fund would start giving grants this summer to scientists, activists and non-profit organisations working to protect Earth.&nbsp;&ldquo;I want to work alongside others both to amplify known ways and to explore new ways of fighting the devastating impact of climate change&rdquo;, Bezos said in the post. Amazon has an enormous carbon footprint - the online retailer relies on fossil fuels to power planes, trucks and vans in order to ship billions of items all around the world.

As the Supreme Court refused to provide any relief to the telecom&nbsp;companies towards the AGR dues on Monday, the street is worried if the Vodafone&nbsp;Idea will survive. Brokerages said&nbsp;Bharti&nbsp;Airtel&nbsp;looked set to clear dues but the question remained if Vodafone&nbsp;could pay. Vodafone&nbsp;promoters have raised concerns about their operations in India if they have to pay dues.&nbsp;As per the DoT's&nbsp;calculation,&nbsp;Vodafone&nbsp;owes over ₹56,000 crores&nbsp;out of which the telco&nbsp;has paid a mere ₹2,500 crores&nbsp;on Monday and said it would pay ₹1,000 crores&nbsp;in the next few days.
As of March 2019, the company only has ₹784 crores&nbsp;in cash.&nbsp;According to reports, Voda's&nbsp;promoters&nbsp;Aditya Birla Group and Vodafone Plc are unwilling to furnish further capital into the company for the dues.&nbsp;Vodafone Idea&nbsp;has asked for its AGR dues to be adjusted against ₹7,000 crores owed to it by the tax department.
Telcos filed a modification plea on February 14, 2020 seeking new schedule of AGR&nbsp;dues by the SC. Vodafone&nbsp;posted losses to the tune of ₹6,453 crores in the December quarter.
Brokerages believe that India will have a duopoly telecom market and hence raised the target price for&nbsp;Bharti&nbsp;Airtel. They also believe that Vodafone&nbsp;Idea may have to file for bankruptcy, if no relief is provided.

India's domestic air passenger traffic rose 2.20% in January 2020 on a year-on-year basis, official data showed. According to the Directorate General of Civil Aviation (DGCA), passengers ferried by domestic airlines during the month rose to 1.27 crore as against 1.25 crore for the corresponding period of the previous year. However, on a sequential basis, the January growth rate was marginally lower than the 2.56% increase in passenger traffic during December 2019.

SBI Cards and Payment, backed by SBI and private equity firm Carlyle Group, is targeting an early-March launch for its&nbsp;₹9,000&nbsp;crore IPO, the Mint reported on Tuesday. The credit card company, which received a go-ahead from the SEBI&nbsp;last week, is planning to open its anchor book for institutional investors around the end of February, followed by the main book launch in the first week of March, the report added.

The fiscal maths of the government will change significantly if it is able to recover ₹1.20 lakh crore through AGR dues, resulting in the fiscal deficit for the current financial year reducing to 3.5% of GDP, SBI&nbsp;said in a research report.
Recently in the Budget, Finance Minister Nirmala Sitharaman announced&nbsp;to raise the deficit to 3.8% from 3.3% in current fiscal.

Indian equities fell on Monday due to a decline in global markets and pressure on banking stocks due to telecom&nbsp;exposure.
The Sensex&nbsp;closed&nbsp;202.05 points or 0.49% in red at 41,055.69. Likewise, the NSE&nbsp;Nifty settled at 12,045.80, down 67.65 points and 0.56%.
PSU&nbsp;banks pulled the markets lower as the Nifty PSU&nbsp;Bank index fell close to 3%.&nbsp;
Yes Bank, Coal India, ONGC, Cipla&nbsp;and BPCL&nbsp;were the top five Nifty losers. While, Titan, GAIL, Nestle India, Vedanta and TCS&nbsp;were the biggest gainers.
After starting the session at 71.47, the India rupee, at 4:00 PM, was trading with a gain of 2 paise at 71.40 against the US dollar.

Vodafone Idea and Tata Group have made part payment of about ₹2,500 crore and over ₹2,190 crore, respectively, to the telecom department towards statutory dues, a government official told new agencies. With the government coming down heavily on telcos after the Supreme Court's rap, Bharti Airtel on Monday made payment of ₹10,000 crore to the DoT towards statutory dues.&nbsp;Vodafone&nbsp;Idea owed a total of ₹53,000 crore&nbsp;to the DoT&nbsp;in AGR&nbsp;dues.

The Securities and Exchange Board of India (Sebi) on Monday said that an individual investment advisor cannot provide distribution services to clients, as the markets regulator segregated advisory and distributing activities.
Previously, corporate advisers, including individuals who were conducting their business through corporate structures like LLPs, could distribute products and render advisory services to the same client; provided the two services were separated from each other.

SEBI&nbsp;on Monday said it will soon come out with a circular to prevent incidents like Karvy Broking Services Ltd, which had allegedly misused clients'&nbsp;securities. In November, the watchdog barred the firm from taking new brokerage clients after it was found that the brokerage company had allegedly misused clients' securities to the tune of more than&nbsp;₹2,000 crore.

General Motors is withdrawing from more markets outside of the United States and China. The company on Sunday said that it will wind down sales, design and engineering operations in Australia and New Zealand and retire the Holden brand by 2021. It also said China's Great Wall Motor had agreed to buy GM's Thailand manufacturing plant. GM is accelerating its retreat from unprofitable markets, becoming more dependent on the US, China, Latin America and South Korea.

India&rsquo;s trade deficit widened to&nbsp;$15.2 billion in January as exports contracted for a sixth straight month while the decline in imports eased. That&rsquo;s the widest gap since June. The gap between exports and imports was $11.25 billion in December, as per the Commerce Ministry's data. Imports declined by 0.75% from a year ago to $41.4 billion, compared with an 8.8% drop in December, while exports fell 1.7% to $26 billion. Oil imports rose 15.3% from a year earlier, while gold imports fell 31.5%.

OYO&nbsp;Hotels and Homes on Monday reported a consolidated revenue of $951 million for the financial year 2018-19, which is an over fourfold increase from $211 million as reported in the previous fiscal. However, the company's net loss increased to $335 million, due to rise in expenses, the company said in a statement. The inherent costs of establishing new markets resulted in an increase in OYO's net loss percentage in the near-term. Its losses in India, however, declined to $83 million, as per the company. In FY18, the net losses were at 24% of its revenue, while in FY19, it stood at 14% of the revenue.
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Stock markets fell in early trade on Monday owing to declining global markets.
At 10:30 am, the benchmark Sensex&nbsp;was 40.22 points or 0.10 points down at 41,217.52. Nifty was trading at 12,093.95, down 19.50 points or 0.16%.
Yes Bank, ONGC, Cipla, IOC&nbsp;and BPCL&nbsp;were dragging the markets down. While, GAIL, Titan, Hindustan Unilever, Nestle India and Vedanta were the top Nifty gainers in the morning.&nbsp;
The rupee declined by 10 paise to 71.47 against the US dollar in opening trade.
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Vodafone Idea told the Supreme Court on Monday that it can pay only ₹2,500 crore in&nbsp;AGR dues now to the government and will follow it up with another ₹1,000 crore by February 21.&nbsp;
But the Supreme Court did not grant Vodafone Idea any relief, dealing a big blow to the telco which has to pay ₹53,000 crore to the government as part of its AGR dues. Vodafone&nbsp;said&nbsp;it is assessing how much it "can" pay the government.
The telco said that the ₹3,500 crore is 50% of its estimated principle AGR dues of ₹7,000 crore, and appealed to the SC that the Department of&nbsp;Telecom&nbsp;should not take any coercive action or invoke bank guarantees as it would hamper their operations.

ICICI Bank Board to deliberate Kochhar-Videocon case finding

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