Gautam Adani-led Adani Gas, Indian Oil Corporation, Sudhir Mehta-led Torrent Gas, Bharat Gas Resources and Gail Gas have managed to get the maximum number of geographical areas in the ninth round of city gas distribution (CGD) bidding.

The Petroleum and Natural Gas Regulatory board has issued letter of intent to 18 successful bidders for 48 Geographical Areas (GAs) on Friday.

The Supreme Court on Friday allowed Anil Ambani-owned Reliance Communications (RCom) to sell its telecom assets worth about Rs 181 billion to Reliance Jio, controlled by his elder brother Mukesh Ambani. The transaction will help RCom reduce its debt by half while giving crucial infrastructure, including spectrum, to RJio.

Petroleum minister Dharmendra Pradhan said on Friday that the government will appeal at the High Court against an order by an international tribunal favouring Reliance Industries in the controversial gas migration dispute.

“The government will certainly file an appeal against the arbitration award in the higher forum. It will be in the High Court,” Pradhan told the media on the sidelines of a Confederation of Indian Industry (CII) in Delhi.

Italian-American automotive major Fiat Chrysler Automobiles (FCA) has filed a trade complaint seeking to stop Mahindra & Mahindra (M&M) from selling an off-road vehicle that it recently launched in the US, alleging that the Indian vehicle had ripped off designs from its iconic Jeep.

NEW DELHI: Mobile industry body COAI today raised red flag over Trai's new rules on curbing pesky calls and messages saying tailoring of systems, and use of blockchain technology will involve Rs 200-400 crore investment and 18 months for the roll out, at a time when the sector is financially-stressed.

Microsoft’s recently launched portable and affordable surface tablet “Surface Go” is now shipping. Starting at $399, the “Surface Go” features integrated kickstand, Windows 10 and a similar design to the Surface Pro.

“The Surface Go, Microsoft’s latest 2-in-1, is now shipping. It has all the hallmarks of a Surface tablet — magnesium casing, fully adjustable kickstand, Windows Hello-compatible camera, and a keyboard connector,” The Verge reported on Thursday.

Amazon.com founder Jeff Bezos is racing to pull his private space company out of start-up mode and move into production amid signals that his firm’s heavy rocket set for lift-off in 2020 may slip behind schedule, according to people familiar with the project.

Indian Oil Corp (IOC) sold a naphtha cargo from its Paradip refinery this week, four traders that participate in the market said on Friday, in what was likely the first sale since May 2017.

IOC sold up to 30,000 tonnes of naphtha on late Thursday in two separate cargoes for second-half August loading from Paradip to a trading house at discounts of about $14 a tonne to its own price formula on a free-on-board (FOB) basis, the traders said.

Over 60,000 retail petrol pump and hundreds and thousands of small and big transporters, bulk users and diesel-consuming industries will soon be able to hedge the price risk in petrol and diesel, as Sebi is in final stages of allowing futures in these two commodities.

ICEX, the third largest Commodity Exchange, has urged the regulator to allow futures trading in petrol and diesel.

New Delhi: Newly appointed ICICI Bank chairman Girish Chandra Chaturvedi has assured shareholders that he would give top priority to upholding the best governance practices as the bank facing controversies involving CEO Chanda Kochhar.

Chaturvedi hopes uncertainties would be resolved at the earliest.

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