Top headlines today: Brokers under lens for fund abuse, RCom sale & more

From SpiceJet liquidity crunch to Paytm raising $1 bn, here are the top 10 business headline of the day

1. Karvy a tip of iceberg: Lens on 3 dozen brokers for Rs 10k-crore fund abuse

Market regulator Securities and Exchange Board of India (Sebi) has trained guns on more brokers for indulging in the practice of using clients’ shares. Sources say the issue is not limited to just Karvy Stock Broking, with over three dozen more brokers under lens for misappropriating client funds to the tune of Rs 10,000 crore. Read More

2. SpiceJet faces liquidity crunch, plans to raise Rs 750 crore via QIP

SpiceJet, India’s second-largest airline, is planning to raise around Rs