HDFC Bank plans to raise up to Rs 15,000 crore through infrastructure bonds. The proceeds could be deployed to finance projects in various infrastructure segments like power and affordable housing.

CRISIL has assigned “AAA” rating to the bonds. The overall rating continues to reflect the bank’s established market position and healthy capitalisation. It is supported by a strong asset quality, comfortable resource profile, and a robust earnings performance, the rating agency said in a statement.

TVS Motor, maker of two-wheelers and three-wheelers, plans to invest Rs 450-500 crore this financial year, mostly on new products.

Despite the impact created by demonetisation, the goods and services tax and higher emission norms, TVS says it is confident of a double-digit operating earnings margin.

The government has imposed a new penalty of $264 million (about Rs 1,700 crore) on Reliance Industries Ltd and its partners for producing less than the targeted natural gas from eastern offshore KG-D6 fields in 2015-16.

The total penalty now, which is in the form of disallowing recovery of cost incurred for missing the target during six years beginning April 1, 2010, stands at $3.02 billion, an oil ministry official said.

The country's second largest telecom player Vodafone expects Jio's 'effective free phone' with unlimited calling to erode operators' revenues which are already under pressure and sought reduction in various levies imposed by the government as a breather to the industry.

"...The new operator continues to aggressively under- price its services, including announcing launch of 'Effective Zero Price Feature Phone' with unlimited voice.

New Delhi: The second volume of Economic Survey 2016-17 presented on Friday signalled the reduced heft of crude oil prices in India’s national economic policymaking.

“It has become almost an involuntary reflex to cite geopolitics in the list of risks to oil prices, and hence to domestic inflation. But these risks may well be diminishing substantially,” the Survey said.

New Delhi: Mahindra and Mahindra group on Friday said it will exit from its China joint venture for tractor business, Mahindra Yueda Yancheng Tractor Company, by selling entire stake for RMB 82 million (nearly Rs80 crore). The Indian conglomerate has plans to independently operate in China.

Mahindra and Mahindra holds 51% stake in the Chinese JV through its wholly owned subsidiary Mahindra Overseas Investment Company (Mauritius) Limited.

Facebook Inc. has found a new way to enter China: secretly launching an app under a different name.The photo-sharing app, called Colorful Balloons, was released in May to help Facebook enter a market that it’s been blocked from since 2009, according to a person familiar with the matter. Facebook has said its goal of connecting the world wouldn’t be possible without the world’s most populated country, but declined to confirm the details that were first reported by the New York Times.

Hosur based two-wheeler manufacturer TVS Motor Company has confirmed that the company is working on introducing hybrid and electric scooters and said that the new hybrid scooter will make its market debut in India in December 2017. The hybrid scooter will be powered by both battery and petrol. TVS also confirmed that it will introduce an electric scooter as soon as in March 2018. The company has been working on electric bike for over six years now, Venu Srinivasan, Chairman and MD, TVS Motor Company said “Last month we have decided to unwrap our electric push. The main obstacle of it has been the life of lead acid battery”.

The Reserve Bank of India (RBI) on Friday announced sale of government securities worth Rs 10,000 crore via open market operations (OMO) which will be conducted on August 29. An OMO sale is conducted to suck excess liquidity from the system while an OMO purchase is done to infuse liquidity. The RBI is selling five different securities — 7.28% GS 2019, 8.79% GS 2021, 7.16% GS 2023, 8.33% GS 2026 and 8.60% GS 2028. This is the fourth OMO sale announced by the RBI this financial year. The first one was announced on June 30.

WASHINGTON: India is "behaving like a mature power" in the Doklam standoff in the Sikkim section and making China look like an adolescent throwing a tamper tantrum, a top American defence expert has said.

India and China have been locked in a face-off in the Doklam area for the last 50 days after Indian troops stopped the Chinese People's Liberation Army from building a road in the area.

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