Setting stiff target for itself of awarding 5,000 km highway projects annually over the next two financial years, the National Highways Authority of India (NHAI) has drawn up a plan to borrow more than R1 lakh crore from the domestic markets during the period. The planned hike in borrowings is in line with the government’s plan to accelerate road construction and achieve the target of building 30 km a day.

TVS Srichakra Limited (TSL) proposes to sell its entire shareholding in its subsidiary, TVS Europe Distribution Limited (EDL), in favour of TVS Automobile Solutions Limited, the company has informed exchanges.

The firm holds 33,25,000 shares held in TVS Europe Distribution and also proposes to purchase / acquire 15,89,699 compulsory convertible preference shares (CCPS) in TVS Automobile Solutions Limited (TVS ASL) amounting to Rs 40 crore.

Software major Wipro today said that it has won an information technology (IT) infrastructure transformation contract from the Sweden headquartered ASSA ABLOY Group, that offers door opening solutions.

In the five-year agreement, Wipro will consolidate ASSA ABLOY's existing data centers in the EMEA region and implement a cloud-based service model which includes IaaS (Infrastructure as a Service) and PaaS (Platform as a Service), the company said.

SsangYong, the South Korean automobile company of Mahindra & Mahindra (M&M), plans to invest $1 billion over the next three-four years to develop new products to grow sales and turn profitable. The company has been mired in losses for the past few years.

"All the fundamentals have been put in place and now we will focus on financials. Finance was not the primary objective so far. Now it will be. The market share is improving and the brand is reviving.

To catch manipulators, markets regulator Securities and Exchange Board of India (Sebi) has begun looking into social media accounts of suspected persons, with ‘mutual friends on Facebook’ being cited as evidence for the first time in an insider trading case.

While Sebi has been examining Twitter and Facebook for quite some time for investigation purposes, this is the first time the regulator has used Facebook account as evidence for proving charges against an individual.

Tata Motors, India's biggest commercial vehicles manufacturer, has declared a lockout at its bus manufacturing plant in Karnataka's Dharwad, following a continued strike by workers.

Dissatisfied with the revision in wages and subsequent suspension of a dozen staff members, a section of workers at the plant are alleged to have incited others to disrupt work. The company decided to shut down operations on Saturday at the plant, which makes buses under the Tata Marcopolo brand.

Delhi government on Friday said it has made a record collection of more than Rs 2,000 crore as Value Added Tax (VAT) within one month.

A statement issued by the New Delhi government said that the Department of Trade and Taxes collected the amount in the month of January and felicitated its best performers for the feat.

New Delhi: The government is open to the proposal of creating separate dispute resolution mechanisms for broadcasting and telecom sectors, Union minister Arun Jaitley said on Saturday.

Amid sector regulator TDSAT flooded with the cases, its chairperson Justice Aftab Alam said the number of broadcasting cases has far exceeded those related to telecom sector. He was speaking at a seminar on Telecom and Broadcasting theme – ART (Adjudication, Regulation, Telecommunication) of Convergence, TDSAT.

SBI Chairman Arundhati Bhattacharya said women have to make their way up in an organisation by working hard and affirmed that if there is any discrimination in the corporate sector, it can be at a subconscious level.

"Yes there can be discrimination at the sub-conscious level. But to end that we need to do a whole lot of work. We need to do affirmative action taking up the challenges," Bhattacharya said in a discussion 'The war within - being a woman' at the Kolkata Literature Festival of the 40th International Kolkata Book Fair here on Friday.

Adani Power will soon sign a deal to set up two coal-based power units in Jharkhand for $2.2-billion (Rs 14,867 crore at Friday’s exchange rate), two people with knowledge of the matter said, as its controlling shareholder aims to nearly double capacity this decade.

The company's shares, which were trading flat, rose as much as 4.4 per cent to Rs 26.35 after the Reuters story.

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