Supporting India's right to self-defence in the aftermath of the Uri attack which it dubbed a clear case of cross-border terrorism, the US on Thursday dismissed the recent attempt by Pakistan to link peace in war-torn Afghanistan with resolution of the Kashmir issue.

The White House backed India's right to defend itself as with any other country, in view of the recent surgical strike but advised caution given the heavy militarisation between the two neighbours.

Aiming to reduce travel time significantly, the Indian Railways will ink a pact with Germany for running high-speed trains in the country.

Accompanied by a high-ranking delegation, German Minister for Transport and Digital Infrastructure, Alexander Dobrindt would be meeting Railway Minister Suresh Prabhu.

Mortgage lender HDFC on Thursday said it will raise up to Rs 500 crore through rupee-denominated bonds from overseas investors.

Pursuant to the approval of the Board of Directors of the corporation at its meetings held previously, the corporation is contemplating, subject to market conditions, undertaking the fourth issuance of Rupee Denominated Bonds to overseas investors...Issue size will be up to Rs 500 crore, HDFC said in a regulatory filing to stock exchanges.

Bharat Petroleum Corp Ltd (BPCL) plans to spend $6.75 billion through 2022 to raise refining capacity by 62 per cent to meet rising fuel demand in the world's fastest growing major economy, a company official said.

India is replacing China as the driver of global oil demand growth as its economy expands and a rising middle class buys motor vehicles. The International Energy Agency expects India to account for a quarter of global energy use by 2040.

Bengaluru: After its record Big Billion Days sale, e-commerce giant Flipkart will face stiffer competition from arch-rival Amazon India, which has lined up more sale events in this month to keep up the interest it saw from shoppers in the first week of its own sale event.

Amazon will hold at least two more sale events following the first leg of its Great Indian Festival event that ended last week, two people familiar with the matter said on condition of anonymity.

Tata Motors today reported 5.35 per cent increase in global sales at 1,02,289 units, including that of Jaguar Land Rover (JLR) vehicles, for September.

It had sold 97,102 units in September 2015, Tata Motors said in a BSE filing.

State-run BHEL today said it has commissioned yet another 660 Mw coal-based supercritical thermal power unit in Uttar Pradesh.

"Notably, in the past 15 months, BHEL has added 4,300 Mw of power generation capacity in the state of Uttar Pradesh. The commissioning of the unit will result in significant improvement of electricity availability in the state of Uttar Pradesh," the company said in a statement.

Country's largest lender SBI today said it has consistently passed on RBI's rate cuts to borrowers and would further reduce the lending rate in the near term, benefiting auto and home loan seekers.

State Bank of India (SBI) Chairperson Arundhati Bhattacharya has said that out of the 1.75 per cent rate cut by the RBI since January 2015, it has already passed on up to 0.95 per cent to the borrowers.

Mumbai: Bharat Petroleum Corp. Ltd (BPCL) is planning to raise $500 million through a bond issue or an external commercial borrowing shortly, two people aware of the development said.

The state-run refiner will use the money to refinance a bridge loan it took to buy stakes in Tass-Yuryakh and Vankor, two oil fields operated by Rosneft OAO, a Russian government-owned energy giant. “BPCL is planning to raise funds to refinance an earlier loan taken for its Russian asset buy.

State-owned carrier Air India has reduced its aircraft-related loans by `6,000 crore, which now stand at `14,000 crore against `20,000 crore at the end of FY16. Airline officials told FE that the airline paid back `6,000 crore of bridge loans recently from the proceeds of sale and lease-back of its nine Dreamliner aircraft, which was conducted at the end of August.

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