Singapore: Indian Oil Corp (IOC) is seeking a commissioning cargo for its new Ennore liquefied natural gas (LNG) terminal in south India, two industry sources said on Wednesday.

The state-owned company is seeking a partial cargo for delivery on Feb 25, with offers due by Feb 11, one of the sources said.

Mumbai: The rupee depreciated by 25 paise to 71.36 against the US dollar in early trade on Wednesday amid strengthening of the American currency and rising crude prices.

Forex traders said strengthening of the US dollar against some currencies overseas and sustained foreign fund outflows weighed on the local unit. However, fresh foreign fund inflows and positive opening in domestic equities capped the losses for the domestic unit.

The BSE benchmark Sensex Wednesday rallied over 250 points on heavy buying in metal, IT and banking stocks amid positive cues from other Asian markets ahead of US-China trade talks and US Fed policy meet outcome.

The 30-share index was trading 188.10 points, or 0.5 per cent, higher at 35,780.60.

No more misuse of IRCTC next-generation e-ticketing website! Soon, a cyber crime cell is likely to be set up by Indian Railways in a bid to prevent the misuse of the automation software on its ticket booking website i.e., IRCTC (Indian Railway Catering and Tourism Corporation) website, irctc.co.in. In order to explore the feasibility of setting up such a cell, a committee has been constituted by the Railway Board, according to sources quoted in a PTI report.

Betting on providing better profitability for Intermediary Commercial Vehicle (ICV) customers, Mahindra’s Truck and Bus Division (MTB) on Tuesday launched two models — Furio12 and Furio14 — with a starting price of Rs 17.45 lakh and Rs 18.10 lakh, respectively.

The ICV segment comprising 9-14 tonne gvw (gross vehicle weight) of vehicles sells 1,50,000 units per annum.

Jammu and Kashmir Police Chief Dilbag Singh, on Tuesday, said that Pakistan was using social media to radicalise Kashmir youths and running disinformation campaigns against India.

The DGP said that Pakistan was cooking false stories to entice young minds into terrorist activities.

Prime Minister Narendra Modi will dedicate to the nation the National Salt Satyagraha Memorial at Dandi in Gujarat on Mahatma Gandhi's death anniversary on Wednesday.

During his day-long visit to the state, he will also lay the foundation stone for extension of the terminal building at Surat Airport.

NTPC Ltd, the country's largest power generating utility plans to synchronise the 800 Mw unit of its 1600 Mw super thermal power station at Darlipalli, near Sundargarh, by March 2019.

“The turbine of the Darlipalli plant is ready. The boiler is expected to be completely fit for operations by February 10. We have already invested Rs 8,500 crore on the project whose total cost is pegged at around Rs 12,000 crore”, M P Sinha, regional executive director (East-II) said at a press conference here.

Private lender Axis Bank’s profit for the quarter ended December 2018 doubled over the previous year on back of strong growth in non-core income due to recoveries and stake sales.

The bank posted a growth of 131 per cent in net profit to Rs 1,681crore for the December quarter(Q3FY19), against Rs 726 crore a year ago. This was against a profit of Rs 790 crore in previous September(Q2FY19), said the bank in a filing to the exchanges.

NEW DELHI & BENGALURU: Paytm Mall, the ecommerce arm of Paytm Group, is undertaking a significant restructuring of its top and mid-level executive teams, amid speculation that the firm plans to focus on catering to its merchant ecosystem through B2B category and on offline-to-online consumer businesses.

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