The price of subsidised cooking gas (LPG) was today hiked by over Rs 2 per cylinder, the sixth increase in rates in five months, while that of jet fuel was raised by a steep 7.3 per cent in step with global trends.

A subsidised 14.2-kg cylinder will now cost Rs 430.64 in Delhi as against Rs 428.59 previously, according to state-owned oil firms.Also, the aviation turbine fuel (ATF) price was hiked Rs 3,434.25 per kilolitre (kl), or 7.33 per cent, to Rs 50,260.63 per kl in Delhi.

National Highways Authority of India (NHAI) today said it has awarded a Rs 1,444 crore contract for widening of a highway stretch in Punjab to GR Infraprojects Ltd.

“The NHAI has issued Letter of Award (LOA) for development of national highway section in the state of Punjab under phase IV of National Highways Development Projects (NHDP),” NHAI said in a statement.

Leading automaker Tata Motors today said its group sales grew 21 per cent in October while car sales posted the highest sales in four years with a growth of 28 per cent on strong festive demand.Total sales (passenger and commercial vehicles), including exports, rose to 52,813 units in October, posting a growth of 21 per cent, over 43,486 vehicles sold in the same month last year.

Hyundai Motor India Ltd (HMIL), on Monday, reported its highest ever monthly sales at 64,372 units last month, up 4.3 %, as compared to October 2015.

The company had sold 61,701 units in the same month last year, HMIL said in a statement. In the domestic market, Hyundai sold 50,016 units last month as compared with 47,015 units in October last year, a growth of 6.4 %. However, exports declined by 2.2 % to 14,356 units as against 14,686 units in the same period last year.

MUMBAI: The benchmark BSE Sensex recovered about 41 points in early trade on Tuesday as investors widened their positions on encouraging infrastructure growth amid a mixed trend in Asian markets.

The 30-share barometer, which had shed 11.30 points on the first day of Samvat 2073 in special 'Muhurat' session on Sunday, was trading higher by 41.11 points or 0.14 per cent at 27,971.32, with the sectoral indices led by metal, auto and realty trading in the green, rising by up to 0.72.

Indian tennis player Sania Mirza has secured the 2016 WTA Year-End World No.1 Doubles Ranking, thereby finishing the second consecutive year as the top women’s doubles tennis player in the world.

“It’s very, very exciting to finish two years in a row as No.1,” Mirza told WTA after the rankings were declared in Singapore on Sunday. “It’s been an incredible year for me again, with seven WTA titles, a Grand Slam and ending the year at the WTA Finals in Singapore.

India’s largest refining and oil marketing company Indian Oil Corporation (IOC) has lined up capital expenditure to the tune of R1.83 lakh crore between FY18 and FY22. A large chunk of the proposed investment would go towards expansion of refineries and marketing-related facilities such as setting up of terminals, the PSU told analysts in a recent conference call.

In the current financial year, IOC is spending R19,000 crore. In the next five years, R50,000 crore would be spent towards ramping up refining capacity, while another R40,000 crore would be spent under marketing initiatives, said an analyst present at the conference.

Ashok Leyland sold 28% more commercial vehicles in the month of October this year than it did in the same period last year.

Ashok Leyland sold 12,533 units of its commercial vehicles in the month, compared to 9,803 units sold last year.

Reliance Industries and its partner Canada's Niko Resources may face an over $1 billion penalty over its dispute with ONGC for the usage of the latter's natural gas.

According to a report in The Financial Express, the Directorate General of Hydrocarbons calculated the penalty, which arrived at over $1 billion, after considering the account capital and operational expenditures undertaken by RIL to take out the gas that had migrated to its basin.

Country's largest car maker Maruti Suzuki today reported a low single digit domestic growth of 2.2 per cent in October, the last month of festive season. The company said production in October was impacted by fewer production days due to holidays.

Domestic sales stood at 123,764 units last month. Domestic volume in seven months ending October grew 10.5 percent to 750,026 units. Total October volume including exports declined 0.3 per cent to 133,793 units. Total volume in seven month period grew 8.7 per cent to 828,883 units.

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