NEW DELHI: Ramky Infrastructure today said it has won a Rs 337 crore highway project in Jharkhand from National Highways Authority of India.

"Ramky Infrastructure Ltd has been awarded project worth Rs 336.60 crore in Jharkhand by NHAI on EPC (engineering, procurement and construction) mode," the company said in a filing to the BSE.

Facebook is making a debut in premium television and developing around 24 shows that will be premiered in mid-June, media reports said.

There will be both long duration shows on the pattern of 'House of Cards' and also 5-10 minutes shows that will be added to Facebook app's video tab daily, Business Insider reported on Friday.

It was least expected that March quarter (Q4) results of ICICI Bank will create such a huge impact on its stock price. The bundled effect of net profit trebling, loan growth looking positive, and more importantly, the optimistic management commentary on gradual increase in bad loan additions has helped ICICI Bank stock gain over 12 per cent since last Wednesday. Currently trading at Rs 303, the stock is near its 52-week high. Part of the surge can also be attributed to reports that the stock could see higher weightage in a few key indices which are due for routine re-adjustment, leading to some buying by fund managers.

On the back of an over 11 per cent growth last year, largest commercial vehicles maker Tata Motors expects to ship at least 15 per cent more trucks and buses this financial year as it hopes to export at least half of the banned BS-III inventory. The company also expects domestic sale of commercial vehicles, led by LCVs and buses, to grow 10-15 per cent in fiscal 2018 aided by a favourbale GST rate and the likely normal monsoons.

After the ban of sale and registration of two-wheelers compliant with BSIII emission norms from 1st April, 2017, a number of dealers offered heavy discounts to potential buyers. Since the decision was announced on 29th March, 2017, two-wheeler dealers which had its BSIII stock were left only with this option. In lieu of this, TVS Motor India is compensating its dealers who have faced losses by offering hefty discounts. The one-time provision amount totals to Rs 57 crore and the company is acquiring the leftover BSIII stock from the dealers as well. Most of this leftover stock will be exported to countries where BSIII emission norms are still compliant.

NEW DELHI: Air India has said that they will operate bigger Boeing 777 aircraft between Delhi and Chennai sector starting today to clear the summer rush during the holiday months.

“From today, our evening flight between Delhi and Chennai would be operated by a 300-seater Boeing 777. The flight will leave for Chennai in the evening and return to Delhi late in the night. We hope to fill our planes due to the summer travel rush that starts now,” said a senior Air India official, who did not want to be identified.

KUALA LUMPUR: Indian Oil CorporationBSE -1.11 % Ltd (IOCL) said it is in initial talks with Saudi Aramco on downstream investments, including a mega project on its west coast, that could help the OPEC member lock-in customers amid an oil supply glut.

Oil producers are targetting growing demand in Asia to boost market share after rising US shale oil output has displaced some of their supplies.

NEW DELHI: The defence ministry seems to have unlocked the strategic partnership (SP) logjam with a firm push from the Prime Minister’s Office and sustained focus by defence minister Arun Jaitley, setting up the private sector to play a major role in the production of weapons systems for the armed forces.

A tussle within the bureaucracy over what rules the SP model would follow had resulted in a stalemate within the ministry since February 2016, frustrating leading private sector companies that were expecting to get mega production orders for aircraft, submarines and land systems, a traditional stronghold of the public sector.

India s largest lender SBI on Monday announced a steep reduction of 25 basis points in affordable housing loans to 8.35% for new borrowers.

Under the new government scheme, loans under Rs 30 lakh qualify for affordable housing.

The benchmark Sensex gained over 78 points and the NSE Nifty reclaimed the 9,300-mark in early trade today on widespread gains tracking a firm trend in Asia.

The 30-share index was trading higher by 78.22 points, or 0.26%, at 29,937.02 with all the sectoral indices led by consumer durables, auto, capital goods and healthcare, trading in the positive terrain by gaining up to 0.66%.

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