State-owned exploration firm Oil and Natural Gas Corporation (ONGC) on Monday said its board has approved a Rs 34,000 crore investment plan to bring into production a flagship hydrocarbon block in the Krishna-Godavari basin off the Andhra coast.

“The investment will be made over a period of 3-4 years to bring Cluster 2A and 2B into production. At peak production in 2023, the field will contribute 15 per cent of oil and 25 per cent of our gas output," ONGC Chairman D K Sarraf said after the board meeting in New Delhi.

MUMBAI: The benchmark Sensex opened on a positive note after a long break by gaining over 95 points to 25,432.94, extending its rise for the fifth straight session, as investors widened bets on increased foreign fund inflows and positive Asian cues.

The 30-share barometer rose 95.38 points, or 0.37 per cent, to 25,432.94. The gauge had gained 660.19 points in the previous four sessions on expectations that the Reserve Bank would reduce interest rates at its policy review meet on April 5.

Facebook has apologized for accidentally sending Safety Check notifications for the Lahore, Pakistan suicide bombing on Sunday to people in other areas, including the United States and United Kingdom. Users who got notified by SMS were especially alarmed and confused because the text asked “Have you been affected by the explosion?” but did not say where it had happened.

In a post to its Disaster Response on Facebook page, the company said the errant notifications were caused by an error: “This kind of bug is counter to our intent. We worked quickly to resolve the issue and we apologize to anyone who mistakenly received the notification.”

Mumbai: The Indian rupee on Monday erased all early losses to trade marginally higher against the US dollar in noon trade after some banks sold dollars on behalf of exporters.

At 2pm, the home currency was trading at 66.60, up 0.05% from its previous close of 66.64. The rupee opened at 66.86 and touched a high and a low of 66.58 and 66.87 respectively.

An Air India flight made emergency landing at the Chhatrapati Shivaji International Airport here on Monday due to tyre burst, causing smoke in the undercarriage.

The Air India flight was coming from Hyderabad and it has been reported that all the 120 passengers on-board are safe.

India and Pakistan on Monday began formal discussions on investigations into the terror attack at the Pathankot IAF base, the first-ever visit of a Joint Investigation Team (JIT) from the neighbouring country that included an ISI official.

The five-member Pakistani JIT is headed by Chief of Punjab’s Counter Terrorism Department (CTD) Muhammad Tahir Rai and comprises Lahore’s Deputy Director General, Intelligence Bureau, Mohammad Azim Arshad, Inter-Services Intelligence (ISI) official Lt Col Tanvir Ahmed, Military Intelligence official Lt Col Irfan Mirza and Gujaranwala CTD Investigating Officer, Shahid Tanveer.

Capital markets regulator Securities and Exchange Board of India (Sebi) has told the Enforcement Directorate (ED) to look into complaints by four investors against a Lodha Group company, according to documents accessed by The Indian Express.

The Sebi communication was sent to the ED in January and is currently being investigated by the directorate, ED sources said. This is apart from the ongoing enquiry by the ED into Lodha’s investment in joint ventures with foreign firms and foreign investments of their sister concerns and group companies.

MUMBAI: Banks are taking the battle to mobile wallet companies, armed with their readymade payment systems, wide merchant network and an on tap customer base, attempting to reclaim a turf which just a couple of years ago was their fiefdom.

In the past year, large lenders like ICICI Bank, State Bank of India, Axis Bank, and HDFC Bank, which together control around 40 per cent of local banking assets, have launched new payment instruments as they seek to prevent customers from moving money to newly emerging non-bank companies.

KOLKATA: Bharat Heavy Electricals (BHEL) has successfully commissioned a 600 MW coal-based thermal power plant in the state of Telangana.

The unit has been commissioned at the upcoming 2x600 MW Singareni Thermal Power Project (TPP) located in Adilabad district in Telangana. The project is being developed by Singareni Collieries Company (SCCL), India's second largest coal mining company. With the commissioning of this unit, SCCL has now successfully diversified into the power generation business.

Amitabh Bachchan and Kangana Ranaut have won the 2015 National Award for Best Actor and Actress, respectively, for their roles in Piku and Tanu Weds Manu Returns.

The awards, which were announced Monday, also named Sanjay Leela Bhansali as Best Director for his opulently mounted Bajirao Mastani, while the mythological action drama Bahubali won as Best Film.

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