French luxury group LVMH has agreed to buy iconic New York jeweler Tiffany & Co. for $16.2 billion, adding a famed star to its portfolio that already boasts Louis Vuitton, Christian Dior and Bulgari.

Stock market regulator the Securities and Exchange Board of India (SEBI) has banned Karvy Stock Broking over client defaults worth Rs 2,000 crore. It has been barred from taking on new clients and executing trades for existing customers. C Parthasarathy, chairman, Karvy Group shared his views on the developments in an interview with CNBC-TV18.

Debt-ridden telecom player Reliance Communications has received at least four bids to its acquire various assets under the Insolvency and Bankruptcy Code, three people familiar with the matter told CNBC-TV18 on the condition of anonymity. Bids by all four players were opened at the Committee of Creditors (CoC) meeting this evening, where the resolution applicants made presentations to the lenders, as per a person present at the meeting.

India’s aviation regulator DGCA has asked IndiGo to ground an A320neo with unmodified engines for each new A320neo that it inducts.