In a major relief to Future Group, the Supreme Court on Thursday halted seizure of assets owned by Future Coupons, Future Retail and Future Group promoter Kishore Biyani.

A single judge bench of the Delhi High Court had ordered the attachment of assets in March. It had directed the Future group firms and promoters to file their affidavits giving details of their assets for violating an emergency arbitrator award.

The Supreme Court directed market regulator SEBI, National Companies Law Tribunal (NCLT) and Competition Commission of India (CCI), not to pass any order against the Future Group for four weeks. 

Ramkrishna Forgings share price was up over 2 percent intraday on September 8 after the company bagged export order worth Rs 130 crore.

Ramkrishna Forgings has won an export order worth Rs 130 crore (Euro 15 million) from an OEM in a CIS country for the period of 3 years, the company said in an exchange filing.

The stock was trading at Rs 1,004.50, up Rs 25.80, or 2.64 percent. It has touched an intraday high of Rs 1,023.95 and an intraday low of Rs 981.55.

The Company supplies to various sectors like automotive, railways, farm equipment, bearings, oil & gas, power and construction, earth moving & mining, both in India & overseas markets. It is a critical safety item supplier for screw coupling, bolster suspension, side frame keys and draw gear assembly for railway coaches and wagon.

Shares of Vodafone Idea, Bharti Airtel and Reliance Industries rose up to 14.54% in an otherwise subdued market today amid reports that government was preparing a relief package for the telecom sector.

Vodafone Idea share touched an intraday high of Rs 8.27, rising 14.54% against its previous close of Rs 7.22 on BSE.

The stock opened 2.77% higher at Rs 7.42. The telecom share trades higher than 5 day, 20 day and 50 day moving averages but lower than 100 day and 200 day moving averages.

Vodafone Idea's financial stress underlined by mounting losses and rising debt is likely to impact its financial lenders and have a bearing on employees and subscribers, ICRA said on Monday highlighting that government support is "critical" at this point.
The support can be by way of deferment of spectrum dues, cut in levies, reduction in interest rates, and a combination of relief measures could aid financial profile and the structure of the industry.

"Vodafone Idea has been under financial stress as reflected by mounting losses and burgeoning debt levels, which is likely to impact its financial lenders as well as Government, apart from having a bearing on its employees, its subscribers and associated industries, most prominently towers," ICRA said in a statement.

Rakesh Jhunjhunwala's recent acquisition of a stake in Zydus Cadila's animal healthcare business has been funded by Barclays. An arm of Barclays bought out the entire Rs 500-crore zero-coupon bond offering by Jhunjhunwala's Rare Equity Private Ltd (REPL), a business daily has reported.

Jhunjhunwala was yet to respond to an email sent by a business daily. A Barclays Bank India spokesperson said the bank would not comment on the matter.

The fundraising was backed by a pledge of shares and personal guarantee of the investor and his wife Rekha Jhunjhunwala.