Sudan has denied India’s ONGC Videsh Ltd an extension of licence to operate an oilfield as it sought higher royalties and taxes to make up for revenue lost due to drop in oil prices. The licence for Block 2B expired last November and an automatic 5-year extension is available but Sudan, whose revenues have been hit with a drop in oil prices, wanted higher taxes and royalties before it agreed to the same, officials said.

The Supreme Court on Monday refused to restrain Britannia Industries from manufacturing and selling its digestive biscuit NutriChoice Zero, an injunction sought by rival ITC which sells its biscuits under the brand Sunfeast Farmlite Digestive All Good biscuit. A bench headed by Justice Ranjan Gogoi while issuing notice to Britannia said: “No injunction… we will examine it” on July 11, the next date of hearing.

Indian shares fell on Tuesday, led by Ambuja Cement after its weaker-than-expected quarterly results raised concerns about corporate results, although losses were capped as some automakers rallied after posting jumps in April sales. Analysts said they expect indexes to trade range-bound as companies continue to report results, though the overall outlook remains hopeful about an economic recovery.

NEW DELHI: The ICICI Group on Tuesday said it has made 100 villages digitally-enabled in 2017 while planning to transform another 500 by the year-end.

Finance Minister Arun Jaitley while inaugurating the 100 ICICI digital villages here said: "The ICICI initiative should be followed by other banks in rural areas."

KOLKATA: Coal India on Tuesday said its production during April declined by 4.8 per cent to 38.44 million tonnes (mt) as compared to 40.09 mt produced in the year-ago month.

The miner reported its off-take grew by 6.1 per cent in April to 45.29 mt as against 42.45 mt sold in corresponding month in 2016.

The Telecom Department today launched a portal that will allow people to track radiation emitted from mobile towers within a locality and check their compliance with the stipulated norms.

Launching the 'Tarang Sanchar' web portal, Telecom Minister Manoj Sinha hoped the site will help in clearing "myths and misconceptions" about mobile towers and emissions from them.

North Korean leader Kim Jong-un has threatened to destroy USS Michigan, an American naval submarine, if it gets any closer to the Communist nation's waters.

The Ohio-class nuclear-powered submarine is currently docked at a naval base in South Korea's Busan, where it was recently joined by the USS Carl Vinson aircraft carrier group, the Daily Mail reported.

Board of Control for Cricket in India (BCCI) on Monday recommended India's top-order batsman Cheteshwar Pujara for the prestigious Arjuna award.

Besides Pujara, Indian woman's cricket team player Harmanpreet Kaur has also been nominated by the Board for the award.

Maruti Suzuki India (MSIL) hit a new high of Rs 6,700, up 2.7% on BSE in early morning trade after the company reported a record monthly domestic sales of 144,492 vehicles in April 2017. The company had sold 117,045 vehicles in April 2016.

All segments of vehicles except vans grew in double digits: the mini segment (Alto and WagonR) grew by 22%; the compact segment (Swift, Celerio, Ignis, Baleno, and Dzire) by 39%; and utility vehicle by 28%.

Infosys, India’s second largest software services firm, is planning to hire 10000 Americans over the next couple of years. The Bengaluru-headquartered company said it would open four new Technology and Innovation Hubs across the United States focusing on cutting-edge technology areas such as artificial intelligence, machine learning, user experience, emerging digital technologies, cloud, and big data.

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