Shares of Bharat Heavy Electricals (BHEL) have gained 2.22% to Rs 168 on the BSE after Heavy Industry Minister Anant Geete clarified to the media that there were no plans of divestment of the government's stake in the company.

According to reports, Heavy Industry Minister Anant Geete has categorically denied that a propsoal of further stake sale in Bharat Heavy Electricals (Bhel) is being considered by the government at present.

US President Barack Obama telephoned Prime Minister Narendra Modi to discuss the progress made in climate change negotiations currently underway in Paris, the White House said.

Early this morning President spoke with Prime Minister Modi, White House Press Secretary Josh Earnest told reporters at his daily news conference.

Vodafone India, second largest telecom operator after Airtel, today launched its fourth generation (4G) network services in Kochi and said it would soon roll out the mobile broadband network in Mumbai, Bangalore, Kolkata and Delhi.

The company had announced launching 4G services in late August this year, the same month when Airtel rolled out the high speed network in circles where it has the required spectrum. Vodafone has plans to start the service in the five key locations in first phase starting this month.

Engineering and construction major Larsen & Toubro (L&T) today said it has bagged orders worth Rs 1,960 crore across business segments.

The company's construction arm has secured these contracts in different businesses including water and effluent treatment projects, Larsen & Toubro said in a BSE filing.

Country's governing body for cricket Board of Control for Cricket in India (BCCI) today announced Pune and Rajkot franchisees as replacements at the Indian Premier League for the Chennai and Rajasthan teams.

The Pune franchise was bought by Kolkata-based business tycoon Sanjiv Goenka's company New Rising, while the Rajkot bid was won by Intex Mobiles.

Mercedes-Benz, India's largest luxury car maker, today drove in the new A-Class priced at Rs 24.95 lakh for the petrol variant (ex-showroom, Mumbai).

Launched in 2013 the A-Class is the cheapest car in the German company's line up. The diesel version of the car is priced at Rs 25.95 lakh.

Referring to Azam Khan's reported statements on Paris attack and Babri mosque, Shiv Sena on Tuesday alleged the SP leader was more dangerous than Dawood Ibrahim, as it asked him to learn a lesson from AIMIM chief Asaduddin Owaisi who the party said has never spoken against the interest of the country.

Azam Khan had said that if Babri Masjid was not 'martyred', bomb blasts would not have taken place in Mumbai.

Shares of oil exploration and production companies such as Oil India, Cairn India and Oil and Natural Gas Corporation (ONGC) have slipped more than 3% on the BSE after crude oil tumbled to its lowest level in nearly seven years.

Oil India has dipped 4% to Rs 371, Cairn India is down 3.5% at Rs 131, while ONGC has declined 3% at Rs 217 on the BSE. The S&P BSE Sensex was down 0.46% or 117 points at 25,412 at 11:50 AM.

Donear Industries has locked in upper circuit for the second straight day, up 20% at Rs 24, also its 52-week high on the BSE.

The counter has seen huge trading volumes with a combined 3.24 million shares changed hands till 10:58 AM as compared to sub one million shares that were traded daily in past two weeks. There were pending buy orders for 1.5 million shares on the BSE and NSE.

Reliance Industries (RIL), the country's largest private sector company, has moved Rs 10,000-15,000 crore in the past few days from duration schemes to liquid schemes of mutual funds. Duration schemes are medium-term mutual fund schemes that provide good returns in a falling interest rate regime. Liquid schemes, on the other hand, are almost cash equivalent.

"Reliance Industries, the biggest investor in the mutual fund industry, has been aggressively shifting money from medium-term debt funds to near-cash liquid schemes in the past few days," said the chief executive of a fund house.

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