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Taking ahead the growing trend of consolidation in the financial sector a step further, Lakshmi Vilas Bank (LVB) will merge with Indiabulls Housing Finance Ltd in an all share-swap deal.

Reserve Bank of India (RBI) rejected the proposed merger between Chennai based Lakshmi Vilas Bank (LVB) and Gurugram based Indiabulls Housing Finance Limited (IBHFL).

The government is considering imposing imports duty on wheat in order to protect the interests of farmers amidst expectations of a record production this year, said Ram Vilas Paswan, Minister of Food and Public Distribution. On December 8, the government had reduced the customs duty on wheat imports to nil from 10% in order to boost its availability in the domestic market and to check retail prices.

Among the stocks to watch in trade on Thursday, 10-October include Indiabulls-Housing, Lakshmi Vilas Bank, TCS, IndusInd Bank and Bharti Airtel, in the light of their latest company updates:

On the first anniversary of the CII-organized "Surakshit Khadya Abhiyan," Food and Consumer Affairs Minister Mr. Ram Vilas Paswan has urged the industries to set aside a specific percentage of funds for raising consumer awareness of food safety as it is becoming a major concern during the holiday season. He also emphasized that consumers should arm themselves with the knowledge required to detect food adulteration in a variety of items, including cooking oil, milk, water, etc., in order to prevent health hazards.