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.

State Bank of India (SBI) has classified debt-laden Jaypee Associates as a non-performing asset (NPA) and lenders will soon meet to decide on converting debt to equity under Reserve Bank of India’s (RBI) strategic debt restructuring (SDR) provisions, a senior bank official said on Friday.

The official said Jaypee became a non-performing asset (NPA) some time back and the bank’s exposure to the account is around Rs 7,000 crore. Jaiprakash Associates had consolidated debt of Rs 58,250 crore in FY16.

A double-digit decline in sales of the country’s largest car maker, Maruti Suzuki, pulled down the growth of the domestic passenger vehicle industry to sub-three per cent in June. The industry’s sales had grown six per cent in June last year. The May 2016 growth was identical.

June was a mixed bag and growth was limited to Hyundai, M&M (Mahindra and Mahindra), Tata Motors, Renault, Ford, and Nissan. The surprise element was Toyota, with its first double-digit growth in more than a year. All these companies have launched one or more new products in the past one year.

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.