State-owned ONGC and Vedanta Ltd on Wednesday emerged as the biggest bidders for oil and gas blocks, putting in 41 out of 56 bids received in India's maiden auction under open acreage licensing regime.

Oil and Natural Gas Corp (ONGC) put in expression of interest for 41 areas while Vedanta's oil unit, Cairn India sought rights over 15 areas, sources privy to the development said.

US-CERT, the Department of Homeland Security team responsible for analyzing cybersecurity threats, has posted a warning about cyber attacks by the North Korean government, which it collectively refers to as “Hidden Cobra.” The technical alert from the FBI and Department of Homeland Security says a remote administration tool (RAT) called FALLCHILL has been deployed by Hidden Cobra since 2016 to target the aerospace, telecommunications and finance industries.

Mumbai: State Bank of India (SBI) has initiated the process of selling Rs1,580 crore of bad loans to financial institutions, including asset reconstruction companies (ARCs).

The bank has put on block 11 non-performing assets (NPA) for sale through a bidding process, according to a tender on the bank’s website.

n a fillip to the government’s coastal shipping initiative, Ashok Leyland (ALL) on Tuesday sent a second batch of 185 trucks via the sea route to Mongla Port in Bangladesh, a growing market for the company. FE had first reported on October 26 when ALL had sent the first batch of 188 trucks via the coastal route to Bangladesh. The company’s exports to Dhaka has gone up from 500 commercial vehicles (CVs) per year over the last many years to 5,000 per year at present. However, a senior ALL official told FE the cost of sending the vehicles via the sea route is slightly higher versus road transport, but of late, the company had been facing some delays at the India-Bangladesh border on land.

Maruti Suzuki’s second most sold utility vehicle after the Vitara Brezza is the Maruti Suzuki Ertiga MPV and the sales of the Ertiga has been constantly on the rise in the Indian market. In FY 2016-17, Maruti Suzuki Ertiga sales registered a growth of 5% with total domestic sales of 63,527 units. The 7-seater vehicle has been widely accepted and considered to be a value-for-money family car. Recent images captured by Motoroids suggests that the new generation Maruti Suzuki Ertiga is in works and the company has already started testing the mule near its manufacturing plant in Gurgaon, Haryana. The images that appear to be of the 2018 Ertiga can be seen with heavy camouflage.

Markets regulator Sebi has ordered attachment of bank and demat accounts as well as mutual fund folios of Green India Infra Projects and its seven directors to recover dues of over Rs 5 crore. In October 2016, Sebi had directed the firm and its seven directors to refund the money which the company had collected by issuing secured optionally convertible debentures to the investors without complying with public issue norms.

As per the regulator’s attachment order dated November 10, Rs 5 crore was collected through the issuance of secured optionally convertible debentures to the allottees and the amount was to be refunded with an annual interest of 15 per cent.

KOLKATA: Coal India is talking to the railways to increase rake loading from an average of 216 so far since April to 250 by the end of the fiscal year, as it seeks to meet increased demand with both power and non-power sectors facing a short-supply of the dry fuel.

At present, the state-run monopoly has been focusing on supplying coal to the power sector, which is struggling with dwindling stocks and falling generation at many plants.

NEW DELHI: Reliance Industries (RIL) has prima-facie not complied with one clause of the government’s coal bed methane (CBM) marketing policy because it sold the gas it produced to its own unit after participating in auctions, the oil ministry has found in its preliminary assessment.

RIL said it has abided by CBM pricing policy’s stated objective of discovering the best possible price that maximises state revenue and royalty, which was achieved by its participation in the transparent auctions conducted by CRISIL Officials say the policy allows sale of CBM to an affiliate only if another buyer is not found but RIL said it acted in line with the policy and has regularly informed the government about its actions.

Key benchmark indices in stock markets traded under pressure taking cues from subdued trading activity in global stocks.

The market topped the key 33000-level multiple times only to make a close below it. The BSE Sensex fell 91.69 points, or 0.28%, to close at 32941.87.

L&T Infotech (LTI) said it would acquire Luxembourg based Syncordis S.A., a leading core banking implementation services provider for 15 million euros.

LTI would acquire the firm along with its subsidiaries in France, UK, Luxembourg and India.

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