India’s largest engineering and construction firm, Larsen and Toubro (L&T), is planning to start bidding for road projects under the hybrid annuity model (HAM), introduced just two years ago. The company will bid for HAM projects through its infrastructure development subsidiary, L&T L&T Infrastructure Development Projects (IDPL), L&T IDPL’s CEO Shailesh Pathak told FE.

Even as India’s largest car-maker Maruti Suzuki is gearing up for the launch of its Ertiga automatic spied, global research firm HSBC says that the development will be a near-term trigger for Maruti Suzuki’s shares. Notably, the new 2018 Maruti Suzuki Ertiga MPV is likely to be launched in the month of October and is already up for sale in Indonesia since April 2018.

BENGALURU: Digital payments major Paytm is all set to enter the physical point-of-sales terminal business and is planning to roll out PoS machines at merchant outlets across the country, according to two people in the know of the matter.

The payments player, which was using QR codes to ramp up offline digital payments, is now opening card payments at merchant locations as well.

The benchmark Sensex rose over 110 points while the Nifty reclaimed the 10,800-mark as investors looked forward to release of key macroeconomic data due today amid a firming trend in Asia.

The 30-share BSE Sensex was trading at 35593.60, up 110 points at 10.12 AM. The gauge had gained 39.80 points in the previous session.

Centre is set to miss a December deadline to acquire land for a Japan-backed $17 billion bullet train project following protests by fruit growers, government officials said, likely delaying one of Prime Minister Narendra Modi's most ambitious projects.

The Congress slammed the Narendra Modi government for mismanaging’ the economy which slowed down the GDP growth and led to rampant unemployment.

The party blamed the government for “allowing” Nirav Modi and Mehul Chosky, the main accused in the Rs 143 billion Punjab National Bank scam, to flee the country. It also hit out at the government for its “confused” policy on Air India disinvestment.

IT major Infosys on Monday said its proposal for voluntary delisting of its American Depositary Shares (ADSs) from Euronext's Paris and London exchanges has been approved by the Board of Directors of the two bourses.

In March this year, Infosys had announced its intention to delist the ADSs on account of the "low average daily trading volume of Infosys ADS on these exchanges, which is not commensurate with the related administrative requirements".

A month after signing the biggest e-commerce deal in the world, Walmart and Flipkart are facing roadblocks that could drastically change the contours of the transaction. If the Competition Commission of India (CCI) suggests structural changes in the Walmart-Flipkart deal, as indicated by officials, there could be three options before the American retail giant, sources said. One of the options for Walmart could be to not accept the structural changes suggested by the fair trade regulator, and back out of the deal.

In a move to instil discipline among large borrowers with working capital facility, the Reserve Bank of India has mooted a proposal that at least 40 per cent of the sanctioned limit should be a term loan component.

For borrowers with an aggregate fund-based working capital limit of Rs 1.5 billion and above from the banking system, a minimum level of ‘loan component’ of 40 per cent shall be effective from October 1, 2018, the RBI said in draft norms placed on its website.

A South Korean cryptocurrency exchange has said hackers have stolen about one-third of the coins traded on its market, an announcement that sent bitcoin prices tumbling to a two-month low.

Coinrail yesterday said hackers stole cryptocurrencies over the weekend including Pundi X, Aston and NPER.

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