With an aim to connect more global destinations, leading state-run airline Air India will launch Ahmedabad-London-Newark flight from August 15 and Delhi-Madrid in December, and also plans to expand its fleet size in next four years, a top official said today.

“We will be launching the Ahmedabad-London-Newark flight from August 15 and Delhi-Madrid from December as part of our growth plan,” Air India Chairman and Managing Director, Ashwini Lohani, told reporters here.

After years of talking about it, DLF might finally take some action in bringing down its accumulated pile of debt. News reports suggest that the promoters of DLF would infuse Rs 10,000 crore in the company through a preferential allotment. The promoters will be receiving this huge sum of money in lieu of sale of their stake in their rental business.

Reports say promoters KP Singh and his family will be selling 40% of their stake in the rental business and use the proceeds of the fund to repay part of the loan in the parent company.

The Madras High Court has issued an interim order, restraining automobile major Bajaj Auto and others from an advertisement which allegedly disparages the TVS Motors' product TVS XL 100 by comparing the fuel efficiency on the basis of false figures. The court has issued two weeks' notice to Bajaj Auto and others.

The interim injunction was issued when TVS Motor approached the Court with the allegation.. According to reports, Bajaj’s dealers have issued advertisement for its motorcycle Bajaj CT100, by comparing the fuel efficiency of TVS XL 100.

Reliance Industries Ltd (RIL) has got approval from the Ministry of Environment & Forests (MoEF) to drill eight additional exploratory wells in Tamil Nadu. The company plans to invest around Rs 800 crore to drill these new wells.

An Order, signed by Lalit Bokolia, additional director, MoEF, on June 30 , 2016 stated that the Ministry has given environmental clearance to the project under the provisions. The Ministry also listed several conditions in the Order.

MUMBAI: State Bank of India (SBI) is willing to have a one-time settlement of the Kingfisher Airlines loan issue with Vijay Mallya if he agrees to repay the outstanding principal amount along with some interest and legal fees, but the former liquor baron has put conditions which are unacceptable to the bank, its top official has told a parliamentary panel.

Mumbai: Ahead of its subsidiary L&T Infotech’s initial public offer (IPO) announcement, shares of India’s largest engineering and construction company Larsen and Toubro Ltd (L&T) on Monday hit an eight-month high, gaining on the back of higher volumes for the six consecutive session.

The stock touched a high of Rs.1,569.10 a share, a level last seen on 23 October 2015, and gained as much as 1.8%. In the last six trading sessions, the stock gained 9.5% and year-to-date, it rose 22.8%.

Adding to its rally for the sixth session, the benchmark Sensex zoomed over 201 points on Monday as investors mounted more bullish bets amid good progress in monsoon rains and firming Asian cues.

The 30-share barometer surged 201.10 points, or 0.74 per cent, to 27,346.01. The gauge had gained 747.20 points in the previous five sessions.

Ultimate gaming is soon going to be more fun with Microsoft starting the Xbox summer sale from July 5 and is offering discounts between 40 to 60 per cent on over 250 games.

In addition, Microsoft will also offer Xbox One consoles with special pricing. Xbox Live Gold members will receive an additional 10 percent discount.

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.

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