The CBI has registered a fresh case in the ongoing investigation in the coal scam against Monnet Ispat and Energy Limited for alleged irregularities in the operation and allocation of coal blocks to the company.

The agency on Tuesday registered a case of criminal conspiracy and cheating against the company and unidentified persons.

Air India’s net loss after tax narrowed to Rs 3,643 crore and operating profit rose to Rs 300 crore in the last financial year, the government said today. The airline saw its total revenue, including exceptional and extraordinary items, increase to Rs 22,146 crore in 2016 -17 period, as per provisional numbers provided by Minister of State for Civil Aviation Jayant Sinha to the Rajya Sabha. The total revenue stood at Rs 20,524.56 crore in the year-ago period.

To help expand China’s self-driving technology, Microsoft has decided to join leading Internet search provider Baidu to take the technical development and adoption of autonomous driving worldwide. As a member of the Apollo alliance, Microsoft will provide global scale for Apollo outside of China with the Microsoft Azure Cloud. Announced by Baidu in April this year, Apollo is an open platform that provides a comprehensive, secure and reliable solution that supports all major features and functions of an autonomous vehicle. “We’re excited to partner with Baidu to take a giant step in helping automotive manufacturers and suppliers fully realise the promise of autonomous driving,” Kevin Dallas, corporate vice president, Microsoft, said in a statement late on Tuesday.

The BSE Sensex recovered over 174 points in opening trade on fresh buying by investors after Hindustan Lever reported better-than-expected earnings on Wednesday.

The 30-share index, which had retreated from record by plunging 363.79 points in the previous session, rebounded 174.18 points or 0.54 percent to 31,885.17 with stocks of FMCG, healthcare, bank, IT, PSU and oil& gas rising by up to 1.13 percent.

The Securities and Exchange Board of India (Sebi) on Tuesday asked listed banks to make disclosures if the provisioning and non-performing assets (NPAs) assessed by the RBI had exceeded 15 per cent of their published financials.

“The banks shall disclose to the stock exchanges divergences in the asset classification and provisioning wherever: the additional provisioning requirements assessed by the RBI exceed 15 per cent of the published net profits after tax for the reference period; and/or the additional gross NPAs identified by the RBI exceed 15 per cent of the published incremental gross NPAs for the reference period,” Sebi said in a circular.

The government has ordered Reliance Industries (RIL) to pay a penalty over an arbitration award on its Panna Mukta and Tapti (PMT) oil field, the company has informed BSE in a statement on Tuesday. The company, however, said the notice was premature.

"RIL as part of the contractor for Panna Mukta and Tapti production sharing contracts, has been notified by [the] Government of India (GOI) of its computation of the purported share of GOI's Profit Petroleum and Royalty alleged to be payable by the contractor pursuant to the GOI's interpretation of Arbitration Tribunal's final partial award dated 12 October 2016," RIL said in its statement to BSE.

The proposed merger of Oil and Natural Gas Corporation (ONGC) and Hindustan Petroleum Corporation (HPCL) is on the agenda of the Union Cabinet meeting on Wednesday. The government is likely to give the control of HPCL to ONGC.

“The ONGC-HPCL proposal could be taken up by the Cabinet,” a senior government official said. Petroleum Minister Dharmendra Pradhan has twice given public statements that the merger of ONGC and HPCL would be completed in the current financial year.

The finance ministry today said the Reserve Bank is not examining any proposal to extend the 90-day period for classification of non-performing assets (NPAs) or bad loans to help small businesses.

The extant prudential NPA norms were brought in after extensive consultations and were based on the report of the Committee headed by M Narasimham on Banking Sector Reforms, Minister of State for Finance Santosh Kumar Gangwar said in the Rajya Sabha.

The Board of Control for Cricket in India (BCCI) on Tuesday appointed Bharat Arun as the bowling coach of the Indian cricket team. Sanjay Bangar, meanwhile, has been given the role of assistant coach. Both appointments will stand till the 2019 ICC World Cup. Zaheer Khan will remain a consultant for Team India's bowling unit.

It has been learnt that Zaheer is unlikely to give around 250 days a year that a full-time bowling coach will be required to and may not be available for more than 100 days. It may also be mentioned that Zaheer's salary package has not yet been inked as negotiations are still on.

Ashok Leyland, the flagship of the Hinduja Group, has formed of a strategic alliance with SUN Mobility, promoted by Chetan Maini, founder of Reva, and Uday Khemka, Vice Chairman of SUN Group.

This would be a key driver for Ashok Leyland to achieve its target of clocking 10-15 per cent of its total volumes from electric mobility solutions by 2020, said Vinod K Dasari, managing director, Ashok Leyland.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.