Indian Oil Corp’s Gujarat refinery will supply Bharat Stage (BS)-IV compliant diesel from January, a senior official has said.

“For producing BS-IV complaint fuel, IOC is spending Rs 1,800 crore towards revamping its three diesel- and hydro-treating units at Gujarat refinery. The investment is a part of quality upgradation exercise undertaken to meet emission standards set under the Central government’s auto fuel policy,” Executive Director S K Dhar Gupta told PTI.

Bajaj Auto today reported 4% decline in total sales in June at 3,16,969 units against 3,31,317 in the same month of 2015.

Motorcycle sales during the month fell 5% to 2,73,298 units from 2,87,582 in June last year, the company said in a BSE filing.

US Secretary of State John Kerry called Bangladesh Prime Minister Sheikh Hasina and offered her assistance from American law enforcement, including FBI, in the wake of the terror attack on a Dhaka restaurant in which 20 hostages were hacked to death.

"The Secretary encouraged the government of Bangladesh to conduct its investigation in accordance with the highest international standards and offered immediate assistance from US law enforcement, including the FBI," State Department spokesperson John Kirby said.

Tata Motors was trading higher by 3.5% at Rs 474 on the BSE after the company said that its total passenger and commercial vehicle sales rose 8% to 44,276 vehicles in June 2016. The company sold 40,869 vehicles in June 2015.

“Cumulative sales (including exports) of the company for the fiscal were at 123,729 numbers, higher by 6% over 116,504 vehicles, sold last year,” Tata Motors said in a release.

NTPC, the largest power generating utility in the country, has commenced a socio-economic survey for its proposed expansion of the 3000 Mw super-thermal power station at Kaniha, near Talcher.

The power producer is adding 1600 Mw (2x800) at the Kaniha station as part of its Stage-III expansion. NTPC holds 110 acres north-east of Stage-II plant. The BTG (boiler turbine generator) block with gas insulated sub-station and all the auxiliaries can be accommodated in the existing vacant area. NTPC has proposed to install two cooling towers within the MGR (Merry Go Round) bulb.

After launching comprehensive digital banking services for small and medium-sized enterprise (SME) clients on Thursday, private sector lender HDFC Bank is now working on doing the same for its large corporate clients, country head – business banking — Aseem Dhru told FE.

With the launch on Thursday, the bank became the first in the country to come out with a digital banking platform that specifically caters to the banking needs of SMEs, allowing them access to various banking services around the clock through their computers, tablets and phones.

Oracle Corp. was ordered by a jury to pay $3 billion after finding that billionaire Larry Ellison and his company violated a contract to support software for Hewlett-Packard Co.’s (HP) once-promising Itanium chip.

The jury saw the case as clear cut and were swayed by what they saw as efforts by Ellison and former HP CEO Mark Hurd to hurt his previous employer, said juror Kyra Knaver, a student at Loyola Marymount University in Los Angeles. Ellison lured Hurd to Oracle in 2010 shortly after Hurd resigned amid an investigation into his relationship with a contractor.

Reliance Industries Ltd (RIL) and State Bank of India (SBI), the country’s largest lender, have signed the subscription and shareholders’ agreements for their payments bank venture.

While RIL is the promoter with 70%, SBI will have an equity investment of 30%.

Tata Technologies, an engineering services and IT company, is going beyond the digital and virtual space it operates in and is getting into the real and physical venture.

Tata Technologies expanded its engineering offerings with an R&D centre, Axia – VAVE Centre of Excellence, at the Hinjewadi campus that will enable engineers to move from the virtual design space to real, physical vehicles and vehicle aggregates.

Reliance Defence and Engineering has received RBI (Reserve Bank of India) approval to exit the corporate debt restructuring (CDR) package, sources said. CDR is the reorganisation of a company’s outstanding obligations, often achieved by reducing the burden of the debts on the company by decreasing the rates paid and increasing the time the company has to pay the obligation back.

Anil Ambani-led Reliance Infrastructure has acquired nearly 35 per cent in Pipavav Defence and Offshore Engineering Co, which has been renamed as Reliance Defence and Engineering.

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