Careers360, an education service providing platform, has raised an undisclosed amount of funding from MeritTrac. The transaction took place with the exchange of 10% of shares of the company.

The funding will be used to expand the company in business verticals and geographically. Also, the company is promoted by private educational institution ‘Manipal Global Education’.

Finance Minister Arun Jaitley on Tuesday said that public investments must lead the way during global slowdown and that India has an opportunity to spend more on infrastructure thanks to low oil, commodities and mineral prices.

“If you look back a few years ago, some of our infrastructure segments had slowed down. I find that the opportunity provided by low oil prices has enabled the government to channelise a large part of our savings into several areas of infrastructure.

Capital markets regulator Sebi has given clearance to beauty and wellness firm VLCC Health Care to raise at least Rs 400 crore through IPO to fund its expansion in domestic as well as international markets.

The firm, which had filed draft red herring prospectus (DRHP) with Sebi on September 23, seeking permission for an IPO, obtained clearance from Sebi on December 29.

NEW DELHI: The domestic equity market traded rangebound on Tuesday, tracking mixed cues from other Asian and European markets. While the Chinese state authorities intervened to ease the panic in the market, the volatility in stocks kept investors nervous, hampering initiation of fresh positions on the benchmarks.

The S&P BSE Sensex lost 43 points, or 0.17 per cent, to close the day at 25,580. Nifty50, the 50-stock barometer, closed at 7,785, down 6.69 points, or 0.1 per cent. Tata Steel and GAIL were the top gainers in the index.

State-run power equipment maker BHEL has commissioned a 600 megawatt (MW) unit at Kakatiya Thermal Power Project, Telangana.

"The unit, commissioned at Kakatiya Thermal Power Project (KTPP) at Chelpur in Warangal District of Telangana, is the highest rating unit in the state," Bharat Heavy Electricals Ltd (BHEL) said in a statement.

Electric and hybrid cars could become more affordable with the cost of batteries poised to plummet.

The Automotive Research Association of India (ARAI) has joined hands with Vikram Sarabhai Space Centre to develop batteries for passenger cars, sourcing technology used to power spacecraft. The Pune-headquartered research institute will design and develop car batteries and offer the technology to automobile companies for mass production.

The slide in crude oil prices might push back development of the 98/2 block in the Krishna-Godavari basin, the most ambitious programme of state-run Oil and Natural Gas Corporation (ONGC), by at least two quarters.

ONGC was planning to start gas production here from April 2018. Oil production is slated to begin after that.

Life Insurance Corporation of India (LIC) is introducing a limited premium paying, non-linked, with-profits Endowment Assurance plan 'Jeevan Labh' on January 4, 2016

The Plan is available from ages 8-59 and a choice of policy term of 16 years, 21 years, 25 years with premium paying term of 10 years, 15 years and 16 years respectively. The Maximum age at maturity is 75 years.

IT major Wipro Technologies today announced Abid Ali Neemuchwala as the new CEO of the company. His appointment will be effective from February 1, 2016. Neemuchwala is based in Dallas, US.

Neemuchwala joined Wipro as its group president and chief operating officer from its bigger rival Tata Consultancy Services Ltd in April last year.

State Bank of India (SBI), Larsen & Toubro (L&T) and Bharat Heavy Electricals Limited (BHEL) were three companies from the 30 share S&P BSE Sensex which touched their respective 52-week lows as the market recorded biggest single day fall in four months.

The S&P BSE Sensex tumbled 2.05% or 534 points to close at 25,627, its sharpest single day fall since September 22, 2015, due to the weak Chinese manufacturing data. The Nifty50 plunged 171 points to end at 7,793.

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