New Delhi: A proposal being considered by the oil ministry to privatise 11 prime fields of state-run ONGC will strip the company of its family silver and saddle India's flagship explorer with mature blocks nearing the end of their productive lives. It will also result in new prospects that will need huge investments to develop.

The proposal — inspired by case studies from Nigeria, Mexico, Iraq and Egypt — has demoralised ONGC's technical and scientific officers who have, through their association, appealed to the PM to stop the move. All serving and former executives TOI spoke to rejected these examples, saying discoveries in those countries were made by foreign companies.

Rise in retail inflation? Check. Surge in global commodity prices? Check. Improved domestic economic growth recovery? Check.

The Reserve Bank of India (RBI) has seen all its forecasts come true on the macroeconomic front.

The anticipated firming up of retail inflation as well as core inflation has played out. Consumer Price Index (CPI) inflation quickened to 3.58% in October from 3.28% in September.

The much-awaited TVS Apache RR 310 will be launched in just two days from now. The Hosur-based manufacturer has recently released a couple of teaser videos that made the enthusiasts countrywide even more excited about the bike. Now, to spice up the scene, even more, a video is doing rounds on the internet that gives a hint of the performance of the upcoming TVS flagship. In the footage, one can see a Bajaj Dominar 400 chasing a TVS Apache RR 310 test mule on an open expressway. The Apache rider had maintained a lead right from the beginning but after pushing the bike hard for a few minutes, the Dominar rider manages to get close to the former in order to get a closer look of the motorcycle. In no time, the TVS rider notices this and whacks open the throttle.

NEW DELHI: The government is said to have decided that the sale of Air India will involve its core aviation assets packaged with low-cost subsidiary Air India Express and AI-SATS, a groundhandling joint venture with Singapore Airport Terminal Services (SATS).

All non-core assets, like the Air India building in Mumbai and other offices, will not be part of the sale and become part of the special purpose vehicle (SPV), said a government official, who didn’t want to be identified.

The benchmark BSE Sensex regained the 33,000-mark by recovering almost 176 points in opening trade today on value-buying by domestic investors in recently battered stocks.

The 30-share index gained 175.53 points or 0.53 per cent higher at 33,008.47 with sectoral indices led by IT, teck and healthcare trading in the positive zone.

State Bank of India will "redesign" its envelopes used to dispatch tax refund cheques of customers to cover their PAN and contact numbers, after an activist raised that the crucial personal information was visible to anyone which may result in misuse, the bank said.

The move comes nearly 16 months after activist Commodore (retd) Lokesh Batra raised the issue that the window envelopes used by SBI make it easy for someone to glance through permanent account number (PAN) and contact number of the tax payee and misuse it.

A team of CBI officers will attend the extradition trial of industrialist Vijay Mallya, who is facing a probe by the agency into alleged loan defaults of over Rs 9,000 crore, in a London court from Monday.

India's case to bring back the 61-year old businessman will be represented through the Crown Prosecution Service (CPS) of the British government.

A day before Rahul Gandhi was scheduled to file his nomination papers for election to the post of Congress president, Prime Minister Narendra Modi on Sunday attacked the opposition party for the “absence of internal democracy”.

Defending his government’s ambitious bullet train project, Modi said it would bring investment and employment to the region. “Those opposing the bullet train project should travel by bullock carts. We won’t mind,” he said, addressing a public rally in Bharuch.

In October this year, Infosys Non-executive Chairman Nandan Nilekani defended former chief executive officer Vishal Sikka’s philosophy: “Strategy is not a PowerPoint presentation. It is about how you translate it on the ground, with scale and speed.”

Nilekani might have found the right person in Salil S Parekh to execute the vision of software-led services model for Infosys that Sikka developed.

The Telecom Regulatory Authority of India (Trai) on Thursday recommended to the department of telecommunications (DoT) that it should clear a merger proposal within 30 days of it being cleared by the National Company Law Tribunal (NCLT). It also said if DoT has any objections to any merger or acquisition proposal it should file its objections within the stipulated window of 30 days after it is notified about it by the tribunal. Trai’s recommendations are part of ease of doing business in the telecom sector and once the government accepts them the pace of M&A transactions getting completed would quicken. “In the past, it has been noticed that the written approval for merger of service licences from the licensor (DoT) sometimes takes a very long time. Such considerable delays could also hamper the benefits of synergies through merger,” Trai explained.

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