Apollo Hospitals has signed a memorandum of understanding (MoU) with William Osler Health System (Osler) to collaborate on research and treatement services related to a range of diseases including Diabetes, Cardiovascular Diseases and Cancer.

The organizations will initiate a pilot project to enhance the continuity of care for patients with complex needs traveling between India and the Greater Toronto Area (GTA) in Canada for extended periods of time.

Mumbai: State-owned energy explorers that surrendered 69 inoperative oilfields to the government in 2014 want to be paid for the initial exploratory work they did before these fields are put up for auction, four persons familiar with the development said.

The 69 so-called marginal fields were discovered and granted to Oil and Natural Gas Corp. (ONGC) and Oil India Ltd but were not developed due to factors such as small reserve size, economic unviability and lack of infrastructure.

Mumbai: The Securities and Exchange Board of India (Sebi) has decided against allowing the two national stock exchanges to launch commodity trading platforms in the near term, said three people familiar with the development.

Both the National Stock Exchange of India Ltd (NSE) and BSE Ltd had sought permission to launch commodity trading on their exchanges after Sebi began regulating the commodity markets last year.

Latest satellite imageries of Uttarakhand have reported that the forest fire has gone out in over 70 per cent of the affected areas, even as the NDRF has deployed over 130 personnel to tackle the massive blaze.

“We have been informed that fresh images from satellite has shown that the effective area under fire in Uttarakhand has come down to 110-115 locations from the earlier about 427.”

State Bank of India, the country's largest lender, has reduced its home loan rate by 5 basis points to 9.40 per cent. The revision in the rate follows reduction in the one year marginal cost of fund rate to 9.15 per cent from 9.20 per cent.

The new rate came into effect from May 1.

MUMBAI: Fast-growing Yes Bank and the old private sector Federal Bank have been the first ones off the block to hit Gujarat International Finance Tech-City (Gift) and are hoping to make the most of easy regulations, low operational costs and the opportunity to raise dollar-denominated funds.

In the six months to April, Yes Bank has raised and lent $225 million of foreign currency loans to foreign subsidiaries of Indian companies and their joint ventures abroad and expects to more than double it in the full fiscal year ending March 2017, said Jaideep Iyer, group president, financial management, Yes Bank.

Auto major Mahindra & Mahindra on Monday reported a 14% rise in total sales to 41,863 units in April.

The company had sold 36,727 units in the same month last year.

Bajaj Auto today reported a 2% increase in motorcycle sales at 2,91,898 units in April compared with 2,85,791 units last year.

However, Bajaj Auto's exports declined 36% during the month to 1,03,976 units from 1,61,598 units in the corresponding period a year ago, the two-wheeler major said in a statement.

IT major Wipro, along with Saudi Aramco and Princess Nourah University (PNU), today inaugurated Saudi Arabia's first all women business and technology park (WBP), which is expected to create nearly 21,000 jobs by 2025.

WBP, a joint venture of PNU (world's largest university for women) and Wipro Arabia, had Saudi Aramco as the strategic advisor and anchor of this initiative.

Hyundai Motor India today reported a 5.7% increase in total sales at 54,420 units in April.

The company had sold 51,505 units in the same month last year, HMIL said in a statement.

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