New Delhi: India’s Oil and Natural Gas Corp has received a payment of $32 million from Petroleos de Venezuela (PDVSA) as part of a settlement of outstanding dividend payments and said it now hopes that Venezuela’s state oil firm will be regular in making further payments, a senior ONGC official said.

“It is a good development,” said N. K. Verma, managing director of ONGC Videsh, the overseas investment arm of ONGC.

Mumbai: The BSE benchmark Sensex dropped over 200 points in early trade on Wednesday following heavy selloff in global equities after concerns over US-China trade war resurfaced.

Global investor sentiment turned weak after uncertainty over negotiations between the US and China countries during the next 90 days rose.

New Delhi: Mahindra and Mahindra Ltd has started selling cars of Ford Motor Co. in India as the automakers expand their alliance beyond the joint development of vehicles. For the first time, Mahindra dealers are opening showrooms for Ford cars, especially in regions where the Detroit, US-based automaker does not operate one or the existing dealer has not been able to garner sufficient sales, said two people aware of the development, requesting anonymity.

Comedian and actor Kevin Hart is all set to host the 2019 Academy Awards, a role he says fulfills a longtime dream.

The announcement came hours after trade publication The Hollywood Reporter posted a story calling the Oscars host position “the least wanted job in Hollywood.”

Liquor tycoon Vijay Mallya on Wednesday said his extradition from the UK to India will take its own legal course, while offering to pay back 100 per cent of “public money”.

Mr Mallya, who has been fighting a legal battle against his extradition to India, claimed that he has been falsely dubbed as a “defaulter” by politicians and media.

HDFC Bank has restored the old version of its app for Android users as well as for Apple App customers. HDFC Bank had earlier taken down its mobile banking app as it was not working smoothly with some servers.

The HDFC Bank mobile provides access to services like savings accounts, fixed deposits, debit cards, credit cards, demat accounts among other functions to the customers.

Indian information technology (IT) services firms are increasingly looking at nearshoring options to service clients in the US as restrictive visa regulations in the country are making it increasingly difficult for them to depute engineers to this key client geography for meeting client requirements.

The government-nominated board of beleaguered Infrastructure Leasing & Financial Services (IL&FS) has effectively ruled out a resolution at the group level and is looking to pursue a business-specific plan. The board, in its second progress report submitted to the National Company Law Tribunal (NCLT), Mumbai, has listed the various steps being taken or planned to revive the infrastructure financier.

IDBI Bank Tuesday said government will not participate in LIC’s open offer to acquire 51 per cent stake in the bank.

IDBI Bank Tuesday said government will not participate in LIC’s open offer to acquire 51 per cent stake in the bank.

Auto major Tata Motors is planning a large-scale overhaul of its sales network across the country over the next one year as it prepares to bring in new products, including premium SUV Harrier, a top company official Tuesday said.

The company, which plans to have all its future products on just two platforms -- Omega and Alpha, currently has around 790 dealerships across the country.

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