Indian Oil Corp (IOC) will continue importing at least two liquefied natural gas (LNG) cargoes a month after the expansion of the Dahej import terminal on India's west coast, a top company executive said.

Terminal operator Petronet, which is also India's biggest single LNG importer, expanded the Dahej plant's import capacity by 50 per cent to 15 million tonnes a year.

The benchmark BSE Sensex continued its upward streak for a second day on the back of strong cues from the global stock markets.

On Wedesnday morning, the 30-share index was above the 28,000-level, a breached on Tuesday. In early trade, the Sensex was at 28,446.09, up 103.08 points or 0.36% from previous day's close.

Bengaluru: Vishal Sikka’s attempt to change the decades-long perception of Infosys Ltd as a company that merely offers engineers to perform mundane technology work for large conglomerates to that of a true innovator is going to take a while longer.

The first non-founder boss of the country’s second largest software services company is unhappy with the pace of taking on work in disruptive areas such as artificial intelligence (AI) and open-source technologies.

HDFC Bank expects economic growth in the country to slow down marginally to 7.6% in April - June quarter, compared to the 7.9% growth posted in the same period last year.

In terms of gross value added (GVA) calculation, HDFC Bank said it has pencilled a growth of 7.2% compared to 7.4% in the year-ago period.

State-run telecom firm BSNL has completed installation of 2,199 mobile towers in naxal- affected regions across 10 states, as part of efforts to strengthen security mechanism to combat insurgency in those areas.

"We had time till December 2016 to complete the project but all the 2,199 solar powered mobile towers have been installed and they are operational. This project sets an example for excellent coordination between government and private agencies," BSNL Chairman and MD Anupam Shrivastava told PTI.

A P Shah committee, which was looking into the dispute over transportation of natural gas from ONGCKG base’s blocks in KG basin to the neighbouring fields of Reliance Industries Ltd (RIL), is set to submit its final report on Wednesday.

“The report will be submitted to the concerned joint secretary (exploration), Amar Nath, by 2 p.m. on Wednesday. The ministry will examine the recommendations of the panel and will take a decision later,” said a petroleum ministry official.

To enhance commodity exchanges’ direct communications with traders, the Securities and Exchange Board of India (Sebi) has asked commexes to make efforts for subscribers’ registration for price dissemination services and disseminate derivatives prices to them on a daily basis, free of cost.

“Such direct price dissemination service would provide information to subscribers instantly in an efficient and transparent manner and, thus, shall be of great benefit to market participants,” said a Sebi circular.

India's largest real estate developer DLF on Tuesday said it has shortlisted bidders for the ongoing stake sale in its rental arm, DLF Cyber City Developers Ltd. The company expects to receive binding, updated bids in the form of shareholder agreement once the shortlisted bidders complete due diligence.

Media reports had earlier suggested DLF had shortlisted six potential buyers for the sale of 40 per cent stake held by promoters in its rental arm.

Canada Pension Plan Investment Board (CPPIB) that manages pension fund assets has recieved the Reserve Bank of India’s approval to increase its stake beyond five per cent to 10 per cent in Kotak Mahindra Bank.

“Kotak Mahindra Bank has informed the exchange that RBI has informed the bank that it has granted approval to CPPIB for acquiring shares in excess of five per cent and below 10 of the paid up capital of the bank,” said the bank in a notice to the exchanges.

Tata Consultancy Services (TCS) and GE have developed technology that will revolutionise gas turbine manufacturing with smart LEDs and GE’s Predix operating system. TCS has developed a digital solution to connect intelligent LEDs to GE’s Predix operating system for the industrial Internet through Intel Atom-based gateways, providing critical analytics to save significant time and costs in the manufacturing process.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.