Reliance Industries (RIL) on Monday said the SEZ refinery of the company is planning to shut down one crude distillation unit for routine maintenance and inspection for about 3 weeks from May 1.

"The SEZ refinery of the company is planning to shut down one crude distillation unit for routine maintenance and inspection (M&l) activities from May 1, 2016, for about 3 weeks," RIL said in a BSE filing.

In view of the violence that erupted in parts of Gujarat following a massive Patel community rally in Mehsana and Monday's 'Gujarat Bandh' call given by some Patel organisations, the state government deployed Rapid Action Force (RAF) in Ahmedabad, Mehsana and Surat and stepped up security in others places.

Gujarat Chief Secretary G R Aloria said five companies of Rapid Action Force (RAF) have been deployed in these three cities. In addition, 20 companies of the State Reserve Police (SRP) have also been posted across the state.

Ten captive coal mines with total annual production capacity estimated at 106 million tonnes (mt) would have translated into assured fuel supply for thermal power giant NTPC. However, despite being at several levels of clearance and approvals for years, none of these is operational.

NTPC lost five of its mines allotted to it in a Supreme Court judgment dated August 2014. The judgment cancelled all coal block allocations made over two decades. Chatti-Bariatu & Chatti-Bariatu (South), Kerandari in Jharkhand, Dulanga in Odisha and Talaipalli in Chhattisgarh were re-allocated to NTPC last year in an e-auction.

Infosys has rallied 8% to Rs 1,268, also its record high on the BSE in early morning trade after India’s second-largest information technology (IT) services firm forecast strong revenue growth of 11.5%-13.5% in consent currency (CC) in the current fiscal.

In dollar terms, the company expects revenue to grow between 11.8% and 13.8% for the fiscal year ending March 31, 2017, Infosys said in a statement.

Gold prices surged by Rs 180 to Rs 29,430 per ten grams at the bullion market on Saturday, tracking a firm global trend and pick up in buying by jewellers and retailers amid wedding season demand.

Silver also edged up by Rs 50 to Rs 38,700 per kg on higher demand from industrial units and coin makers.

Indian Railways has withdrawn the 10 percent port congestion surcharge with immediate effect in order to attract imported freight traffic including containers, coal, iron ore etc (which are presently diverted to road). The decision, first announced in this year’s Railway Budget, is one of the significant steps in the direction of rationalisation of freight rate structure initiated by the Railways.

This was a pending demand of the ministries of shipping and ports, steel, container operators and other industries. “The move will be a big boost to national industrial growth. The surcharge withdrawn was 10 percent on basic freight and its withdrawal will generate additional incremental traffic,” said the Ministry of Railways in a press release.

As the Kashmir Valley observed shutdown for the fifth day on Saturday, the State High Court asked the police to explain the detention of the Handwara girl, whose alleged molestation sparked violent protests that left five civilians dead, and that of her father and an aunt.

A bench, comprising Justice Muzaffar Hussain Attar, not only issued a notice to the police to file an objection to a petition filed by counsel of the girl's mother, but also directed that the detained girl "be produced before the nearest court of Chief Judicial Magistrate or Judicial Magistrate".

Indian cricket team captain M S Dhoni has resigned as brand ambassador of realty firm Amrapali, days after the unhappy residents of a housing project in Noida launched a social media campaign asking the cricketer to dis-associate himself from the builder.

“Dhoni is no longer our brand ambassador… I do not want his image to be affected because of being attached to Amrapali,” company Chairman and Managing Director Anil Sharma told PTI.

US grand jury has slapped two companies of India's Tata group - Tata Consultancy Services (TCS) and Tata America International Corp - with a $940 million fine in a trade secret lawsuit filed against them.

After days of hearing, the federal grand jury in the US State of Wisconsin ruled that Tata Consultancy Services Ltd and Tata America International Corp must pay $240 million to Epic Systems for ripping off its software.

Apollo Hospitals has entered into a tie-up with Google in providing health information as part of the search engine's launch of Health Card in India.

Health Card, introduced in the US last year, provides a person with basic information about a disease on the Google search engine presented in a layman's terms - like its prevalence, symptoms and diagnosis.

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