Reliance Industries shares gained as much as 2.8 per cent intraday on Monday ahead of its Q3 results later in the day. Market experts are predicting a double digit growth from the quarter ended December 2015.

At 2.05 pm, RIL shares were trading 2.21 per cent up at Rs 1039.15. The scrip opened at Rs 1018 and had touched a high and low of Rs 1047 and Rs 1015.20, respectively, in trade so far.

Markets extended gains helped by a rebound in bank shares along with index heavyweight Reliance Industries and Infosys leading the gains.

At 10:15am, the S&P BSE Sensex was up 172 points at 24,360 and the Nifty50 was up 50 points at 7,401.

Mahindra & Mahindra, the country's largest utility vehicle manufacturer, is open to building engines smaller than the one in the KUV1OO, which it launched last week.

The Mumbai-based automaker launched the KUV100 with an engine that is nearly half of the standard engines in its portfolio. The KUV1OO is powered by 1.2 litre petrol and diesel engines whereas M&M’s other engines – 2.2 and 2.5 litre diesel ones – power the Scorpio, the XUV500 and Bolero.

Mumbai: Market benchmark Sensex on Monday fell to a 20-month low after plunging 266.67 points to 24,188.37, dragged down by a massive dip in exports, while Reliance Industries Ltd (RIL) cracked over 5% on crude oil slipping below $28 per barrel.

Moreover, muted earnings and widening trade deficit to $11.6 billion in December as against $9.1 billion in the year-ago period, further battered the market mood, which is already rattled by depreciating rupee and concerns over health of the Chinese economy.

Malaysian budget airline AirAsia today said it will offer 20 per cent discount on base fares to private sector lender ICICI Bank's debit and credit card holders, under an exclusive tie-up, for a limited period.

The offer will be valid for travel on AirAsia Berhad, AirAsia India and Thai AirAsia flights, the airline said in a release.

The Bajaj Auto stock was down over three per cent on worries that further adverse currency movement in its key markets like Nigeria could hurt the company's revenues and margins. Nigeria, which accounts for over two-thirds of its Africa exports, is the single largest export market for Bajaj Auto with more than than a third of its export volumes going into that country. Why Nigeria and other key export markets such as Egypt are important is because exports constitute a major portion of the company's revenues at about 45 per cent and an even higher portion of operating profit given these markets fetch better margins.

Private sector lender Kotak Mahindra Bank has posted a 30.3% increase in net profit to Rs 938.31 crore for the third quarter ended December 31.

The bank had recorded a consolidated net profit of Rs 719.57 crore in the October-December quarter last fiscal, Kotak Mahindra Bank said in a statement today.

NEW DELHI: Buy when there's blood in the street. For ONGC Videsh, this advice from 18th century British nobleman Baron Rothschild - of the Rothschild banking family - still holds true.

At a time when depressed oil and commodities prices have left companies gasping, the overseas acquisition arm of state-run ONGC has made a killing by replacing a $1.7-billion loan with cheaper credit and longer payback time.

Melbourne, Jan 18 (Reuters): World tennis was rocked on Monday by allegations that the game's authorities have failed to deal with widespread match-fixing, just as the Australian Open, the first Grand Slam tournament of the year, kicked off in Melbourne.

Tennis authorities rejected reports by the BBC and online BuzzFeed News, which said 16 players ranked in the top 50 had been repeatedly flagged to the Tennis Integrity Unit (TIU) over suspicions they had thrown matches in the past decade.

New Delhi: Increased output by Coal India Ltd (CIL) has resulted in savings of about Rs.17,000 crore and the state-run miner is set for a record production of 550 million tonnes (MT) this fiscal, coal secretary Anil Swarup said.

Coal India is the single largest producer of dry fuel in the world and the government has set a target of doubling its production to 1 billion tonnes by 2020.

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