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ONGC ties up with banks to part-fund HPCL acquisition

ONGC ties up with banks to part-fund HPCL acquisition

Oil and gas explorer ONGC has entered into short-term loan agreements with three banks to part-fund its acquisition of HPCL. Accordingly, the company has entered into agreements with PNB, Axis Bank and Bank of India on January 22 for loans totalling to Rs 18,060 crore. As per a BSE filing made on late Tuesday evening, the agreements are for short-term loans to part-finance the acquisition of HPCL.

Airtel, Idea shares tank up to 6% as Reliance Jio surprises with the Republic Day offer

Airtel, Idea shares tank up to 6% as Reliance Jio surprises with the Republic Day offer

Shares of Bharti Airtel and Idea Cellular tanked up to 6% as Mukesh Ambani backed telecom company Reliance Jio Infocomm surprised with the all-new Republic day offer. Reliance Jio known for its competitive tariffs, once again on Tuesday entrapped the users and other telecom companies by unveiling a Republic Day offer which has slashed rates on its packages by Rs 50 while increasing per day data limit by 500 MB.

Coal India subsidiaries get power to set floor price for e-auctions

Coal India subsidiaries get power to set floor price for e-auctions

Coal India's board has empowered subsidiaries to fix their own floor prices for e-auctions, which is expected to help the monopoly get higher rates.

DLF aims to make development arm zero net-debt company

DLF aims to make development arm zero net-debt company

After the conclusion of the promoter's stake sale in its rental arm to Singapore sovereign wealth fund GIC, realty major DLF is looking to make its development arm a zero net-debt company by March 2019, repaying the entire liability of 13,000 crore.

The company has already repaid debt worth 3,000 crore on December 29 from about 9,000 crore received from promoters following their 33.34% stake sale in rental arm DLF Cyber City Developers Ltd (DCCDL).

Infosys,TCS join global tech-reskilling drive for 1 mn workers

Infosys,TCS join global tech-reskilling drive for 1 mn workers

DAVOS: Indian IT giants TCSBSE 2.83 % and InfosysBSE 2.33 % have joined a global drive for tech reskilling of one million workers in the first ever such IT industry initiative.

The initiative, whose founding partners also include Accenture, CA Technologies, Cisco, Cognizant, Hewlett Packard Enterprise (HPE), Pegasystems, PwC, Salesforce and SAP, aims to bring competitive training content together on one platform to serve the greater good.

After 5 session record breaking spree, Sensex opens 54 points lower

After 5 session record breaking spree, Sensex opens 54 points lower

The benchmark BSE Sensex opened lower today after a five-session record-setting spree as investors cashed profits in metal, capital goods, consumer durables, power and banking shares ahead of January month expiry in the derivatives segment tomorrow.

The BSE 30-share barometer dropped by 54.30 points or 0.15 per cent to 36,085.68 in opening trade as index major Reliance Industries, ICICI Bank and Bharti Airtel declined.

Davos 2018: Protectionism can be as dangerous as terrorism, says PM Modi

Davos 2018: Protectionism can be as dangerous as terrorism, says PM Modi

Prime Minister Narendra Modi mounted a defence of globalisation at the World Economic Forum on Tuesday, urging joint action on climate change and economic cooperation, in a speech some delegates took as a swipe at US President Donald Trump's America First agenda.

, making the forum's first speech by an Indian head of government in more than two decades, did not mention Trump by name but he criticised the rise of protectionism in remarks delivered three days before the US President addresses the summit.

After 19 splits in 2017, forking could divide Bitcoin 50 times in 2018

After 19 splits in 2017, forking could divide Bitcoin 50 times in 2018

Bitcoin God arrived last month. Bitcoin Pizza was delivered in January. Bitcoin Private’s issuance date is... still a secret.

They’re just a few of the growing stable of so-called forks -- a type of spinoff in which developers clone Bitcoin’s software, release it with a new name, a new coin and possibly a few new features. Often, the idea is to capitalise on the public’s familiarity with Bitcoin to make some serious money, at least virtually.

Microsoft launches low-cost Windows 10 laptops for students

Microsoft launches low-cost Windows 10 laptops for students

Education is one of the foremost areas where most of the tech giants of the world are dedicatedly working. One of the tech colossuses Microsoft has upped its efforts by launching affordable laptops that are focused on education. In an association with Lenovo and JP, Microsoft on Monday unveiled low-cost Windows 10 and Windows 10 S education-centric laptops. Starting at $189, which roughly translates to Rs 12,050, Microsoft’s education-centric laptops pack all the basic features of Windows 10 at an affordable price point.

WEF 2018: West must share benefits of growth with emerging world, says ex-RBI Governor Raghuram Rajan

WEF 2018: West must share benefits of growth with emerging world, says ex-RBI Governor Raghuram Rajan

Former RBI Governor Raghuram Rajan today said the Western world must realise they cannot go a long way without the help of the emerging economies and warned that no one would be able to resolve any problem of a ‘fractured world’ if things are not set right soon. Without naming any country, he said the West must realise that their population is ageing and the demand for their products would mostly come from the emerging world.

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