Shares of Axis Bank rose nearly 3% after the private sector bank informed the bourses that it has raised senior notes in the international market.

Reacting to the development, the stock gained as much as 2.6% to Rs 450 on the BSE, and was the leading Sensex gainer.

Indian Oil Corp has agreed to supply refined products to Nepal for the next five years to meet all the fuel needs of the landlocked Himalayan nation, officials said on Monday.

India has supplied all Nepal's fuel needs since 1974 and is keen to maintain close trading ties with its neighbour in South Asia, an area where regional rival China has sought to expand its influence.

Apollo Hospitals Group, India's one of the largest healthcare enterprises, is creating a trust as part of its plan to form a family constitution to ensure smooth succession of the management at a time when the promoter family is becoming larger.

A preamble of the constitution was signed by all the family members earlier this year, said a senior member of the family.

Engineering conglomerate Larsen & Toubro today said its construction arm has won orders worth Rs 2,490 crore. “The Building & Factories Business segment of the construction arm of L&T has won orders worth Rs 2,490 crore,” the company said in a statement. “A mega order has been bagged from a premier government organisation for the construction of hospital building, a medical institute, a nursing college, a school for paramedics, an auditorium, hostels, residential quarters along with associated works, in New Delhi,” it added.

NASA has always embraced emerging technology for visualization, even if that tech was seemingly developed for frivolous entertainment. We recently covered its holographic Mars exhibit, and the many 3D resources that NASA makes available to developers and educators. Now, the US space agency has partnered with Epic Games’ Unreal Engine to create a mixed reality International Space Station simulator.

State-run power producer NTPC today said it has commissioned 55 mega watt (MW) of Bhadla Solar Power Project in Rajasthan. “We wish to inform that 55 MW of Bhadla Solar Power Project of NTPC Ltd has been commissioned. With this, the installed capacity of Bhadla Solar Power project has become 260 MW and that of NTPC’s solar power projects has become 620 MW,” NTPC said in a BSE filing.

Hyundai Motor has suspended production at a fourth China factory for one week starting March 24, online media ChosunBiz reported on Sunday, fuelling worries about the impact of South Korea’s political tension with China on sales in the automaker’s top market.

Shares of Hyundai Motor fell as much as 3 percent on Monday, while its affiliates Kia Motors and Hyundai Mobis also traded lower. Online media ChosunBiz reported on Sunday that Hyundai Motor’s China joint venture has told suppliers that it will idle the factory in Cangzhou, Hebei Province from March 24 to April 1, to check its production line.

State-owned power equipment maker BHEL today said it has commissioned a 250-mw eco-friendly unit, using low-grade coal (lignite) as a primary fuel. The lignite-based thermal unit, based on circulating fluidised bed combustion (CFBC) technology, is the second such facility to be commissioned at Bhavnagar Energy Company’s (BECL) 2×250 MW thermal power project at Padva in Bhavnagar district of Gujarat, a BHEL statement said.

The benchmark BSE Sensex extended losses in the late morning deals and was trading lower by 153.24 points following sustained selling in metal, energy, telecom, oil&gas, FMCG and Auto sectors amid weak Asian cues. Market turned volatile on Asian weakness following Donald Trump’s failure to push through his key healthcare legislation raised doubts whether he will be able to push through tax reforms and mega-spending packages.

MUMBAI: It perhaps has never been so affordable to own a performance car in India. Iconic German sports car makers Porsche and Mercedes-Benz AMG added new, entry-level models to their portfolios, at prices as low as half those commanded by their full-feature performance cars. Tata Motors is building one of its own.

Purists may have a problem with some of the stripped-down versions making their way into India — they don't tick all the boxes on performance expected from the road vehicles made for speed — but company executives say these cars suit better for Indian road and driving conditions.

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