Profitability or the return on equity for the highway monetisation contracts that the National Highways Authority of India (NHAI) is offering to the concessionaires is 12-13% of the equity, according to a report by rating agency CRISIL.

equity IRR (internal rate of return) of the first bundle of highways being auctioned under the toll-operate-transfer (TOT) model would range between 12% and 13%, based on NHAI's initial estimated concession value, an analysis by CRISIL Research shows. The level of bidding intensity will drive the final returns earned by the concessionaire," Crisil Research report said.

Top shuttlers P V Sindhu and Kidambi Srikanth would be aiming for a great finale to what has been a good year for Indian badminton when they take the court at the USD one million Dubai Super Series Final starting on Wednesday.

Only the very best participate in this prestigious tournament with only the top eight in the respective men's and women's singles rankings earning the right to compete.

State-owned Oil and Natural Gas Corp (ONGC) has sought access to a data room to help fix the price at which it can acquire government's 51.11 per cent stake in HPCL.

India's largest oil and gas producer has so far been given an information memorandum (IM) by government's transaction advisor which ONGC feels is not sufficient to arrive at a valuation of Hindustan Petroleum Corp Ltd (HPCL), sources privy to the development said.

Leading commercial vehicles maker and Hinduja Group flagship Ashok Leyland said it would invest Rs 400 crore over the next two years in developing new products, including left-hand-driving trucks.

"We are coming up with a new product every six months, so the next product would be launched in April or May next year. Ashok Leyland would invest Rs 400 crore on new models in the next two years. The new products are also targeted for export markets", Nitin Seth, president (light commercial vehicles), Ashok Leyland Ltd.

Mukesh Ambani-controlled Reliance Industries Ltd (RIL) is said to be in talks for an initial public offering (IPO) for its mobile operator Jio. According to a Bloomberg report, Reliance is holding internal discussions about preparing to list Jio as early as late 2018 or early 2019. An RIL representative approached by Bloomberg for its report declined to comment.

Jio, which hasn’t made a profit since its official launch last year, is aiming to improve its financial performance before any share sale, said Bloomberg quoting people close to the development refusing to be named as the information was private.

New Delhi: IT industry association Nasscom on Monday said it has got an assurance from the government that the service tax notices served to several IT companies has been "corrected" and the issue has been resolved.

However, it could not be confirmed from the tax department whether the government is withdrawing or amending the reported Rs 10,000 crore demand notices served to some 200 companies.

Volvo has launched the second-generation XC60 in India at a price of Rs 55.90 lakh. The new XC60 underpins the same SPA (Scalable Product Architecture) platform that we’ve seen on the XC90, S90 and the V90. As a result of the SPA platform, the new XC60 is now more spacious on the inside and gets Volvo’s enhanced safety systems as well.

New Delhi: State-owned Oil and Natural Gas Corp (ONGC) has sought access to a data room to help fix the price at which it can acquire government's 51.11 per cent stake in HPCL.

India's largest oil and gas producer has so far been given an information memorandum (IM) by government's transaction advisor which ONGC feels is not sufficient to arrive at a valuation of Hindustan Petroleum Corp Ltd (HPCL), sources privy to the development said.

Business Standard is republishing this 11/12/2017 article in light of Indian cricket captain Virat Kohli and Bollywood star Anushka Sharma tying the knot on Monday in a private ceremony, reportedly at a countryside resort named Borgo Finocchieto in Italy.

They used to be the names big fashion brands turned to when it was time to launch a new style or jazz up an old line. Anushka Sharma, Sonam Kapoor, Alia Bhatt, Shraddha Kapoor and such others are the faces that have launched a plethora of local and international labels.

Mumbai: The Panaya Phantom continues to haunt Infosys - and attempts by the board of the $10-billion software giant to inch towards some form of closure are being badly stymied.

On Monday, former CFO Mohandas Pai - one of two close confidants of founder NR Narayana Murthy - gave a clear indication that they would not back down from their original demand for a full release of the investigation reports into the Panaya buyout.

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