Reliance Industries (RIL) has been asked by the Directorate General of Hydrocarbons (DGH) to relinquish two deep-sea satellite gas discoveries—D6 and D19—in the KG-D6 block, off India’s east coast after the company told the regulator that it had no immediate plan to develop these fields.

The government will not look at making any revisions to the transaction details for the divestment of Air India, sources told FE, as it is seeing enough interest from prospective overseas bidders. This assumes significance in light of homegrown budget airline IndiGo, the first airline to express its interest in buying into the ailing national carrier, pulling out from the race citing its inability to turn around the airline and consummate the deal in its current form.

Telecom operators body COAI has approached the Department of Telecom demanding action against Sify Technologies calming that the internet services provider (ISP) has been using spectrum in the 5 GHz band, which is in violation of the current laws.

Sensex and Nifty opened in green on Monday taking cues from Asian shares. Benchmark indices extended early gains, with the Sensex rising 124.15 points to 33,751.12 and the Nifty gaining 44.90 points at 10,376.50. Among the top gainers were Kotak Mahindra Bank with 1.22 per cent gains while Bharti Airtel and ICICI Bank were the top losers.

Leading public sector lenders State Bank of India (SBI) and Punjab National Bank (PNB) have put their 15 non-performing assets worth Rs 10.63 billion for sale.

Both the banks said they will conduct the e-auction on 20th of this month.

The Central Electricity Authority (CEA) has revised the National Electricity Plan (NEP) after getting feedback from more than 30 state-owned and private institutions, mostly questioning the redundancy of coal. From retiring coal-based power completely, the CEA has said India would need 6,440 Mw thermal power during 2017-22.

In the earlier version of the NEP, which was out in 2017, the CEA had said the country did not need coal-based capacity addition till 2022.

Ahmedabad: The Ahmedabad bench of the National Company Law Tribunal (NCLT) on Friday completed the hearing on multiple applications filed by ArcelorMittal and Numetal, challenging the decision of Essar Steel's resolution professional (RP) to hold their bids ineligible.

The bench, comprising judges Harihar Prakash Chaturvedi and Manorama Kumari, is likely to pronounce its verdict on Thursday.

NEW DELHI: Actor Salman Khan was on Saturday granted bail by a Jodhpur court in the 1998 blackbuck poaching case in which he has been sentenced to five years in jail.

The actor was granted bail on a personal bond of Rs 50,000 and two sureties of Rs 25,000 each. He is likely to be released this evening once the papers are ready and sent to jail authorities.

Indian stock markets have fared quite well in the last one year except the period beginning from February which has steered the benchmark indices Sensex and Nifty to drop by 8% from the respective all-time highs. In the last one year, there were many blue-chip stocks that have out done the returns of the key indices such as Titan Company, Avenue Supermarts and Maruti Suzuki.

Reliance Jio’s disruptive entry in September 2016 led to USD 10 billion in annual savings for consumers and will expand India’s per capita GDP by about 5.65 per cent, says a report.

Jio has made data accessible and affordable, with average prices per GB dropping to Rs 10 from Rs 152, bringing the internet within the reach of a larger proportion of the Indian population.

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.