NTPC, India’s largest power producer, is planning to issue a tender for import of 2.5 million tonne of coal by mid-September to cater to the growing power demand in the country. The PSU last imported coal three years ago.

Gurdeep Singh, chairman and managing director of NTPC, said the imports would be through a competitive bidding. The coal will be utilised by our coastal power projects in Simhadri, Kudgi and Farakka,” he said.

BP Plc and its partner Reliance Industries will produce at least 10 per cent of India's total gas demand from the Krishna Godavari (KG) basin by 2022, said Sashi Mukundan, the company’s region president and India head.

Experts highlight that this has the potential to revive the ailing fertiliser segment in the country by competing with the re-gasified liquid natural gas (RLNG), as the difference between RLNG and domestic deepwater gas would be at least 25-30 per cent by then.

Infosys has finally decided to go ahead with its plan to set up operations in Kolkata without the proposed centre getting the SEZ status, a key demand which has made the IT services major delay the project for quite some time.

The Bengaluru-based IT major on Monday announced the commencement of work for building a software development centre with an initial investment of Rs 1 billion without any kind of tax sops from the state government.

The government has asked American e-commerce major Amazon to set up a server in India as it looks to prevent unbridled migration of the personal data of customers. Recently, Electronics and Information Technology Minister Ravi Shankar Prasad conveyed this to Amazon India head Amit Agarwal. In the past too, the government has been vocal about data localisation, engaging with companies such as Google, WhatsApp and Facebook on the issue.

Indian Space Research Organisation is looking at launching more satellites in orbit in tune with the requirements and needs of the country. Addressing a press conference in Bengaluru on Sunday ISRO Chairman K Sivan said India currently has 45 satellites in space, but needs another 45 satellites.

He said "We have satellites which are ready to be launched," he claimed, but "in the backdrop of the GSAT-6A failure, we don't want to take chances."

New Delhi: Electric mobility solutions provider Ultraviolette Automotive on Monday said it has received Rs 6 crore funding from TVS Motor Company.

The additional investment as part of Series A round will be deployed for continued product engineering and further expansion of core R&D team and facility, Ultraviolette said in a statement.

New Delhi: Reliance Communications (RCom) on Monday said it has reinstated bank guarantees worth Rs 774 crore with the telecom department, much ahead of the timelines set by the telecom tribunal.

The move not only staves off a looming crisis that the company had faced after the telecom department's show-cause notice to it on spectrum and licence cancellation, but clears the way for the asset monetisation plan of the debt-ridden company.

New Delhi: As many as 1,677 entities, including individuals, failed to pay penalties imposed by Sebi till the end of May, according to the regulator.

The list of defaulters as on May 31, 2018 "for non-payment of penalty imposed by Sebi through orders passed up to December 31, 2017" has been published on the regulator's website on Monday.

Mumbai: The BSE Sensex fell over 288 points and the NSE Nifty dipped below the 11,400-level in opening trade on Monday on heavy losses in PSUs, auto, metal and banking counters amid a global rout in equity markets.

A weak trend in Asia coupled with sell-offs on Wall Street last week and a slump in the Turkish lira dampened the sentiment globally, traders said.

Shares of Apollo Hospital Enterprises (AHEL) have surged 15% to Rs 1,087 per share on the BSE after the company posted a strong 70.86% year on year growth in net profit at Rs 601.6 million during the quarter ended June 30, 2018 (Q1FY19). It had a profit of Rs 352.1 million during the same period last year.

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