ONGC, Oil India and BPCL’s Area-1 project moved a step forward this week although FID may still be months away. Even so, with start-up only in 2023E, any earnings uplift is years away with development spend likely to weigh on cashflow in the interim with Oil India, BPCL more vulnerable to downside surprises than ONGC. Nonetheless, with valuations inexpensive we keep our ‘Buy’ on ONGC, Oil India preferring IOCL to BPCL/HPCL in downstream SOEs.

Highway developer Dilip Buildcon (DBL) today said it has bagged a road project worth Rs 770.04 crore in Uttar Pradesh from NHAI.

"The company has been declared L-1 bidder by the National Highways Authority of India (NHAI) for a new engineering, procurement and construction (EPC) project in Uttar Pradesh," Dilip Buildcon said in a BSE filing.

Benchmark indices on Friday opened in green following the footmarks of their Asian peers as worries over trade war decreased as US softened its stance on import tariff.

Asian shares rallied and the safe-haven yen eased on Friday after North Korean leader Kim Jong Un offered to stop nuclear and missile testing and U.S. President Donald Trump agreed to a meeting that could come before May.

India’s HDFC Bank Ltd, the world’s most-expensive lender, has appointed arrangers including Bank of America Corp, Morgan Stanley and Credit Suisse Group AG for a Rs 155 billion ($2.38 billion) planned share sale, people with knowledge of the matter said.

The lender has also appointed JPMorgan Chase & Co, Edelweiss Financial Services Ltd, IIFL Holdings Ltd and JM Financial Ltd for the offering, the people said asking not to be identified because the information is private.

Dealerships, being the key point of contact between car makers and customers, often shape the success or failure of manufacturers. Keeping this in mind, Maruti Suzuki, the country’s largest car maker, has launched an exercise to train managers from its dealerships at leading business schools like Gurgaon’s Management Development Institute (MDI) and Ghaziabad’s Institute of Management Technology (IMT). More than 500 such managers have already been trained these institutes.

A week after Vijay Shekhar Sharma-led Paytm staked claim to being the country’s largest Unified Payments Interface (UPI) platform, Flipkart’s digital payments arm PhonePe has hit back saying that Paytm’s claim of being the leader is "uni-dimensional and misleading".

In a blog post published on Thursday, PhonePe said that while Paytm had a larger volume of transactions on UPI, the average value per transaction on Paytm was paltry in comparison to its own.

Committed to accelerate Air India’s disinvestment program soon, government is likely to invite the initial bids in a couple of weeks, PTI reported citing Civil Aviation Secretary RN Choubey. The process of Air India’s disinvestment is likely to invite Expressions of Interest (EoIs) from interested parties in the coming few weeks, PTI reported. Currently, the ministry is also engaged in finding buyers for its subsidiaries and Pawan Hans, the report said.

Microsoft has confirmed it will discontinue Windows "10 S" - the latest version of its flagship Operating System (OS), released in mid-2017 in favour of a special "S Mode" that is the new version of Windows designed to compete with Google Chrome OS.

The tech giant is contemplating a new "S Mode" for Windows 10 Home, Enterprise and Pro versions of the OS.

Leading global IT services organisation, Tata Consultancy Services (TCS), on Thursday was named as the fastest growing IT services brand in the world in an assessment done by leading brand valuation firm, Brand Finance.

According to Brand Finance IT Services 15 annual report for 2018, TCS now has a total brand value of $10.391 billion; a growth of 14.4 percent from last year's total of $9.081 billion, with an increase of $1.309 billion.

Ashok Leyland (ALL) hit a new high of Rs 145, up 2.5%, extending its previous day’s 1% gain on the BSE in otherwise subdued market. Hinduja Group flagship ALL has outperformed the market by gaining 8% in past one month, as compared to 3.6% decline in the S&P BSE Sensex.

The company’s net profit jumped almost three-fold to Rs 4.49 billion in Q3 from Rs 1.61 billion in the same period a year earlier, overtaking analysts’ estimates of Rs 4 billion.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.