The Niti Aayog has denied ‘permission’ to state-run Oil India (OIL) to venture into the country’s reinvigorated city gas distribution (CGD) business, arguing that exploration companies must focus on their core activities given the country’s stagnant oil production. An OIL-HPCL consortium had won bids for two geographical areas (GAs) — Ambala and Kurukshetra in Haryana, and Kolhapur in Maharashtra — during the eighth round of CGD bidding in 2017.

The Patiala Court on Monday will hear an important case pertaining to the charge sheet filed by the Enforcement Directorate against former railway minister Lalu Prasad Yadav and his family, who are accused in the IRCTC Scam case.

The ED has said that it has enough evidence to charge Lalu, his wife, Rabri, and Tejashwi Yadav, along with former minister Premchandra Gupta and his wife Sarla, as well as former IRCTC Managing Director BK Agarwal.

The rupee reclaimed the 72/$ mark in early trade on Monday, slipping nearly 82 paise to a low of 72.67 against the US dollar. Despite the government’s steps to stem a steep fall in the currency, the rupee depreciated amid reports that the US could announce a new round of tariffs on Chinese imports later in the day, PTI reported.

The rupee hit a low of 72.6725 per dollar, down almost 82 paise, from its Friday’s close at 71.8550 against the greenback, Bloomberg data showed.

Amazon is investigating allegations that some of its staff sold confidential customer data to third-party companies particularly in China, The Wall Street Journal reported Sunday.

According to the newspaper, which did not give figures, employees of the online giant sell internal data and other confidential information -- usually through intermediaries -- to merchants who sell their goods on the US giant's website.

Mumbai: The market extended its decline for second straight week with BSE Sensex lossing another 299.18 points to close 38,090.64 and the broader Nifty falling 73.90 points to finish at 11,515.20.

The truncated and volatile week saw the stock market enduring initial bitter losses as rupee stabilized during late session after initial record lows.

The Indian space agency expects to fly its first small rocket with a carrying capacity of about 500-700 kg sometime next year, according to a top official. “The developmental work for our small rocket that can carry satellites weighing around 500 kg is on. The first flight of the small rocket is expected to happen sometime next year,” ISRO Chairman, K.Sivan told IANS.

With one default behind it, the beleagured Infrastructure Leasing & Financial Services ( IL&FS) will be looking for a lifeline from its shareholders at the board meeting on Saturday. The company’s largest shareholder, Life Insurance Corporation (LIC), is understood to be considering a loan to the defaulting Mumbai-based firm.

Infosys on Friday announced a definitive agreement to acquire Fluido, a salesforce advisor and consulting partner in Nordics that has expertise in cloud consulting, implementation and training services. Infosys said the acquisition enhances its ability to provide clients an unparalleled cloud-first transformation. With offices in Finland, Denmark, Sweden, Norway and Slovakia, Fluido elevates Infosys’ presence across the Nordics region.

On Friday, Hyundai Motor India Ltd (HMIL) launched the Next Gen Verna Anniversary Edition. The model will be limited to 1,000 units, will be available in a single trim, the SX(O), in manual and automatic transmissions and petrol and diesel variants, and will be available in two colours—white and marina blue.

Changes are merely ornamental—front and rear skid plates, black ORVM, shark-fin antenna, rear spoiler, wireless phone charging, and an anniversary edition emblem engraving.

Paytm’s investment platform Paytm Money will likely help small town people get on board the mutual fund bandwagon, and further boost inflows for the asset management industry already flourishing due to shifting habits towards financialisation of savings. Paytm Money is looking to garner huge traction from the hinterlands by making it easier to invest, where mutual fund penetration is currently low, say experts.

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