With refinancing of infrastructure projects gathering steam, L&T Infra Debt Fund (L&T IDF), a refinancing unit, is raising about Rs 2,500 crore through debentures to provide liquidity for road and renewable energy projects.

As on September 30, 2016, its net worth was Rs 660 crore (excluding preference shares), debt was Rs 2,455 crore, and outstanding loan book was Rs 2,942 crore (for 25 projects).

Reliance Industries (RIL) has rallied 6% to Rs 1,255, hitting an over 8-year high on the BSE in early morning trade. The stock is trading at its highest level since May 30, 2008. A sharp rally in stock has seen the market capitalisation of RIL crossing Rs 4 lakh crore.

At 09:55 am; the stock was trading at Rs 1,250, with m-cap of Rs 405,629 crore, the BSE data shows. The company’s m-cap gained by Rs 57,336 crore in past four trading sessions.

India's state-run Oil and Natural Gas Corp will take control of Hindustan Petroleum Corp as part of the government's plan to create an integrated public sector oil entity, the Economic Times daily reported on Monday citing top government officials.

India plans to create a giant oil company by combining state-owned firms, finance minister Arun Jaitley said in the budget speech earlier this month as the world's third largest oil consumer looks to better compete with global majors in acquiring foreign assets.

Larsen and Toubro Hydrocarbon Engineering today said it has bagged orders worth Rs 1,100 crore from IOC for its Bongaigaon refinery in Assam.

The orders are for IOC’s Indane Maximisation project, under which it will set up a fluidised cracking unit including LPG treatment facility.

After a Delhi SBI ATM dispensed a fake note saying it was from the ‘Children Bank’s of India’, an SBI ATM in Shahjahanpur in UP reportedly dispensed a scanned copy of a Rs 2000 note. There was a mass protest after bank officials refused to acknowledge that he note was disbursed by the ATM.

Arvind Gupta, a jeweller who withdrew Rs 10,000 from the ATM got five Rs 2000 notes of which one, he claims, looked clearly fake. He was quoted saying by TOI: “Of these, one note, with serial number 5 DN 029593, was clearly counterfeit.

Facebook has recorded 300 billion "Reactions" on posts and the "Love" reaction was used maximum times by its over 1.79 billion users, the company said on Saturday.

On February 24, 2016, Facebook enhanced conversations by implementing "Reactions" -- a group of emojis that has "Love", "Haha", "Wow", "Sad" and "Angry" emoticons -- that joined the famous "Like" button.

In a first for the country, Indira Gandhi International Airport in the national capital will get its own dedicated free-to-use metro lines for commuters to transit from one terminal to another. Several major airports across the world like New York’s JFK, London Heathrow, Hong Kong and Zurich also provide the facility.

“Delhi International Airport Pvt Ltd (DIAL) has proposed an automated people mover (APM) between terminal 1 (low cost domestic), T2 (old international which will make way for a new T4 in 2020) and T3.

New Delhi, Feb. 24: The board of ONGC Ltd has approved the signing of an agreement to buy debt-laden GSPC's entire 80 per cent stake in the KG basin gas block for $1.2 billion. The state-owned explorer will also invest $1.10 billion in GSPC assets to produce about 15 million tonnes of oil and about 3 billion cubic metres (bcm) of gas.

"The ONGC board has approved the execution of farm-in/farm-out agreement with GSPC in respect of an acquisition of 80 per cent participative interest (PI) and operatorship in the Nelp-III block KG-OSN-2001/3," the state-owned firm said.

Even after months of having its ripple effects on not just the box office but also the minds of people, Pink continues to make waves. Now, the star cast of the film is set to watch the critically acclaimed film with President Pranab Mukherjee. on Saturday. Lead actors Amitabh Bachchan and Taapsee Pannu have been invited for the screening at the Rashtrapati Bhavan in New Delhi.

Amitabh Bachchan, who plays the titular role of a lawyer in the award winning film, took to his blog last night and wrote about how the President has always been supportive of good cinema.

Infosys has introduced a severance clause in the revised remuneration package for chief operating officer (COO) UB Pravin Rao, an entitlement which was available only to the chief executive officer, Vishal Sikka. “U B Pravin Rao will be entitled to receive severance compensation amounting to nine months’ fixed salary should his employment be terminated without cause,” according to the resolution passed by Infosys Board.

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