The Maharashtra State Road Development Corporation (MSRDC) has qualified 15 companies and 10 bidders in joint venture and solo for the 700-km Mumbai-Nagpur Expressway for a total of 16 packages.

The qualified bidders include L&T, Reliance Infrastructure & Cenzig Insaat Sanayi VE Ticaret AS consortium, Tata Projects- Makyol- Insaat Sanayi Turizm ve Ticaret AS consortium, ILFS Transportation Network-Oriental Structural Engineers consortium, China Guangdong Provincial ChangDa Highway Engineering-SEW Infrastructure consortium, Navayug Engineering, China Construction Fifth Engineering Division Corporation, Afcons Infrastructure and NCC-Megha Engineering & Infrastructure consortium.

Huge block deals were executed on Tata Motors and Himatsingka Seide counters on the BSE in Friday's trade.

Tata Motors saw 83.6 million shares or 2.85% of total equity of Tata Group Company exchanging hands on the BSE.

Almost a week after the big-bang announcement by Reliance Industries (RIL) and BP Plc to invest Rs 40,000 crore in the Krishna Godavari Basin field, a senior BP official said that the company has withdrawn its arbitration with the government related to gas prices.

This has triggered expectations that the government could now allow the oil majors to charge a higher price for gas from KG-D6. While the price for domestic natural gas for the period of April 1 to September 30 has been kept at $2.50 per million metric British thermal unit (mmbtu), for deepwater blocks, a higher price of $5.56 per mmbtu is allowed. However, RIL and its partners were denied this price due to arbitration.

SBI ETF Nifty 50, an exchange traded fund, has nudged past HDFC Equity to become the largest equity scheme in the country, a position the latter had held for more than three years.

SBI ETF Nifty has assets worth Rs 19,377 crore compared with Rs 19,093 crore managed by HDFC Equity, data from Value Research shows.

Software exports from the country are expected to grow by single digits for a second year in a row.

A number of reasons such as automation, slowing business in traditional services, growing protectionism in developed markets, and a shift in client spending to newer areas such as digital and cloud has been attributed for slow growth.

Infosys CEO Vishal Sikka has sought to allay concerns over the ongoing issue of H1B visa curbs, saying that the Indian IT industry is not overly dependent on the US visas to run its business, even as President Donald Trump cracks down on the US companies employing foreigners at low wages instead of Americans. Infosys shares rose in trade today, and were among the top large cap gainers, rising by over 2.5% to Rs 968.

Idea Cellular has moved the Bombay High Court against the investigation ordered by the Competition Commission of India (CCI) into the charges of cartelisation made by Reliance Jio against the top three operators — Bharti Airtel, Vodafone India and Idea. Sources in the know of the development told FE that Idea petitioned the Bombay High Court on Tuesday against the CCI. In its petition, the operator is believed to have said that there is already a regulator and a tribunal for regulating the sector — the Telecom Regulatory Authority of India (Trai).

The government sold a 2.5% stake in Larsen & Toubro (L&T) on Wednesday, raising about Rs4,000 crore as part of its disinvestment programme of Rs72,500 crore for the current fiscal year. The stake, held through the government-owned Specified Undertaking of Unit Trust of India (Suuti), was sold through block deals in the stock market. On November 4, 2016, the government had sold a 1.62% stake in the engineering company via bulk trade to fetch Rs2,096 crore. Suuti owned a 6.68% stake in L&T as of the end of March. The share price of L&T on Wednesday closed at 1,752.50, up 0.11%, on BSE. The BSE Sensex closed at 31,283.64, down 0.04%. Including the latest stake sale in L&T, the Centre has raised Rs4,602 crore so far, or about 9% of the current year’s target.

OnePlus 5 India launch event will be held today at 2 PM (IST). The Chinese company will host a launch event in Mumbai to launch the latest flagship smartphone in India. Meanwhile, you can also watch the live stream for the OnePlus 5 launch event on YouTube (link is provided below). The device was announced globally on June 20 and now the OnePlus 5 will finally arrive in India. Also, the smartphone maker will host pop-up events in 4 other Indian cities too, which includes New Delhi, Chennai, Bengaluru and Hyderabad.

Shares of Reliance Communications today surged over 6 per cent after the company said it has started the process to monetise its real estate assets in Delhi and Mumbai as part of efforts to pare debt. The stock, after a positive opening, gained 5.82 per cent to Rs 20.90 on the BSE. On the NSE, it went up by 6.34 per cent to Rs 20.95.

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