New Delhi, Feb. 5 (PTI): Online retailer Snapdeal has decided not to renew its contract with brand ambassador Aamir Khan, recently dropped as the face of the Incredible India campaign by the Narendra Modi government after he spoke out against intolerance.

The contract expired on January 31 and Snapdeal has not renewed it, sources said.

New Delhi/Bengaluru: Australian all-rounder Shane Watson attracted the highest bid for a marquee player in the Indian Premier League (IPL) auctions on Saturday as he was sold to the Vijay Mallya-owned Royal Challengers Bangalore (RCB) for Rs9.5 crore.

The former Rajasthan Royals star was the subject of intense bidding from the newly-formed Rising Pune Supergiants (RPSG) franchise, before the Mumbai Indians (MI) joined the race for Watson’s services. However, he will now play for RCB.

Dismal earnings of key corporates coupled with falling crude oil prices and global sell-off dragged the BSE Sensex and NSE Nifty down by one percentage point for the week ended February 5, 2016. However, bargain hunting and hopes of GST Bill in the upcoming Budget session of Parliament capped the downside. During January 29 and February 5, Sensex slid 253 points to 24,616.97, while Nifty lost 74.45 points to 7489.10.

NEW DELHI: Government approved 18 highway development works on Friday totalling about 1,000 km, which will involve around Rs 17,000 crore investment.

Earlier this week, the Public Private Project Appraisal Committee (PPPAC) had cleared three national highway projects with a cumulative length of about 300 km.

Mumbai: The Indian rupee on Friday closed marginally weaker against the US dollar as caution prevailed among currency traders ahead of key economic data due from the US as well as domestic growth numbers.

The rupee closed at 67.65 a dollar, down 0.13% from its previous close of 67.57. The local currency had opened at 67.66 a dollar and touched a high and a low of 67.58 and 67.73, respectively.

Country's fourth largest IT services company HCL Technologies today said Lucknow is on way to becoming next Information Technology (IT) hub in Uttar Pradesh after Noida.

"Lucknow is the next IT hub of UP and the educated youth of the region would not need to migrate to the metros for employment in future," HCL senior vice president Sanjay Gupta said here today.

Mahindra Asset Management Company has received markets regulator Sebi's approval for setting up of their mutual fund business.

Mahindra AMC, a wholly-owned subsidiary of Mahindra & Mahindra Financial Services (MMFS), got the regulator's nod on February 4.

Yes Bank, a private lender, has joined hands with the Indian Railways to provide safe and clean drinking water by setting up 1,000 community water purification systems across railway stations in the country by 2019.

In the first phase of the project, the bank will set up 100 such systems across D’ and ‘E’ category railway stations in the Konkan belt and other locations in Maharashtra by March 2016.

Reserve Bank of India (RBI) is open to regulatory changes so as to give a boost to investment in infrastructure sector, its Deputy Governor H R Khan said on Friday.

"We are open for regulatory changes as situation demand as nothing is cast in stone. We are sensitive to demand," he said at India Investment Summit here.

State-owned Coal India Ltd (CIL) today said its arm Mahanadi Coalfields Ltd (MCL) has declared an interim dividend of Rs 2,758.45 crore for 2015-16.

The company said its other arm Central Coalfields Ltd has declared an interim dividend amounting to Rs 1,457 crore for the 9-month period ended December.

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