Tata Sons has agreed to pay $1.17 billion to Japan's Docomo in a settlement, ending the dispute over the telecom joint venture. Tata Teleservices and DoCoMo have been locked in a long tussle over the Japanese company's move to exit a partnership formed in 2009. Docomo initiated arbitration over the issue in a London court and won the case, and Tata was ordered to pay $1.17 billion as penalties. 

The Securities and Exchange Board of India (Sebi) has begun an audit of 15 Indian brokers who allegedly got unfair access to the algorithmic trading systems at the National Stock Exchange of India (NSE). SEBI is working to determine the extent of unlawful gains they may have made, and may initiate disciplinary proceedings against these brokers if they are found to be guilty of misusing the systems. 

Stock in spotlight: Jagran Prakashan, whose subsidiary Music Broadcast Ltd is set to list for IPO on March 6. The price band for the MBL IPO has been fixed between Rs. 324 - Rs 333 per equity share.  

Photo of the day: Voters queue up to cast their vote at a polling station in Allahabad, Uttar Pradesh. Rajesh Kumar Singh/AP