The government on Tuesday will sell up to 10 per cent in power utility NTPC for Rs 13,800 crore in one of the biggest disinvestment deals. The two-day offer for sale (OFS) will have a core component of 412 million shares (five per cent stake), with a greenshoe option to sell another five per cent. If the OFS is fully subscribed, it will be the third-biggest divestment deal ever by the government.

So far, the biggest share-sale by the government is the Rs 22,500-crore OFS in Coal India in 2014-15, followed by a Rs 15,200-crore initial public offering (IPO) of the coal miner in 2010.

Royal Enfield has started commercial production at its new manufacturing facility at Vallam Vadagal near Chennai.

Spread over 50 acres, the Vallam Vadagal plant will be Royal Enfield's third manufacturing facility and will manufacture Royal Enfield motorcycles for India and international markets.

Gold prices turned soft on Monday, down Rs 50 at Rs 29,900 per 10 grams, owing to slack demand from local jewellers despite a positive global trend.

Silver was unchanged at Rs 40,200 per kg in scattered deals from industrial units and coin makers.

Securities market regulator Sebi has cautioned the youth against falling for any scheme promising abnormal returns, especially ponzi ones.

"Instead of going through allurement, investors are advised to go through terms and conditions of the scheme carefully before investing," Sebi DGM Surya Kant Sharma said today while delivering his keynote address at a seminar in Amar Nath Girls Degree college in Mathura.

The equity markets on Monday started the week on a positive note as both Sensex and Nifty gained half a per cent when the bourses closed.

The 30-share BSE Sensex gained 154.76 points to close on 31,750.82 while the broader 50-share NSE Nifty closed on 9,912.80, up by 55.75 points.

NEW DELHI: Twitter announced on Monday that it has kicked off its new media agency programme called #TweetToTheTop in India. Eleven agencies from global media and advertising networks including Dentsu, GroupM, IPG and Omnicom will be participating in this initiative.

#TweetToTheTop is Twitter’s first year-long agency engagement programme dedicated to media executives in five countries in Asia Pacific: India, Singapore, Indonesia, the Philippines and Australia.

NEW DELHI: L&T Construction, an arm of infrastructure major Larsen and Toubro (L&T), has won orders worth Rs 1,975 crore across business segments.

The orders have been secured across the Middle-East for turnkey construction of various sub-stations and cable feeders, the parent company said in a statement today.

Mahindra & Mahindra, the world's largest tractor maker in terms of volumes has taken a new strategic direction in the domestic market by renaming its subsidiary with the Gujarat Government from Mahindra Gujarat Tractors Limited to Gromax Agri Equipment Ltd to target 30-50 horse power tractor market more effectively.

Gromax on Monday launched its all new tractor brand Trakstar which will focus on value seeking farmers and enhance their prosperity said the statement from the company. The Trakstar range will cater to almost 80% of the Indian tractor market.

NEW DELHI: The Modi government is unlikely to sell Air India to a foreign carrier and has clarified it in the consolidated Foreign Direct Investment policy, released today. It has said that the rule allowing foreign carriers to own up to 49% in Indian carriers do not apply to Air India.

“The policy mentioned at para (c) above (foreign carriers allowed to own 49% in Indian carriers) is not applicable to M/s Air India Limited,” the government clarified in consolidated FDI policy released today.

The Income Tax department reportedly would not extend the deadline of August 31 for linking Aadhaar Card to your Pan card.

Earlier, this month the IT department did extend the last day to August 31, however, it made it cleared that the returns would not be processed, if the linking could not be done.

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