Pakistan is ready for a short or long conflict and will inflict heavy losses on India in case war hysteria overcomes Indian leadership, Defence Minister Khawaja Asif has said.

His remarks came in reaction to the statement by Army Chief Gen Dalbir Singh that India is prepared for swift and short wars in the future.

ONGC is planning to join hands with British Gas to conduct a study to reestablish exploration in Cauvery Basin Offshore. Besides, the company also said that its Mission 2018 is to produce first gas in eastern offshore Block KG-DWN-98/2.

A K Dwivedi, director - exploration, ONGC told reporters that along with British Gas the company will do a joint study to reestablish exploration in Cauvery Basin Offshore.

Tata Sons the holding company for $ 109 billion Tata Group has appealed in the Supreme Court against an estimated Rs 300 crore sales tax demand from Maharashtra state government.

In January 2015, the Bombay High Court had upheld the state tax department's decision to collect sales tax from the Tata Sons for the royalty it charges from group firms for using Tata brand name.

India's largest luxury car maker Mercedes-Benz today launched the powerful AMG C 63 S at Rs 1.3 crore (ex-showroom, Delhi) making it the eleventh launch for the year by the company.

Mercedes, which had promised to make 15 launches in India this year, has so far launched ten AMG models in the Indian market, all of which are built in Germany and imported to India. These include S 63, E 63, SLK 55, GLA 63, G 63 to name a few.

IRB Infrastructure Developers on Thursday said it has executed concession agreement with NHAI for Rs 2,650-crore project of six laning of Agra-Etawah Bypass section in Uttar Pradesh.

The company, has now executed Concession Agreement with NHAI for the project of six-laning of Agra-Etawah Bypass section of NH-2 (from km 199.660 to km 323.525) in the state of Uttar Pradesh under NHDP Phase-V on BOT (Toll) mode, IRB Infrastructure Developers said in a BSE filing.

Shares of Ratnamani Metals & Tubes were up over 2% at Rs 602 after the company announced that it has received an order from engineering major Larsen & Toubro.

The order is for supply of Carbon Steel (CS) pipes worth Rs 528 crore (net of taxes and duties) and the order will executed by June, 2017, the company said in a release.

Shares of real estate companies have rallied by up to 8% on the bourses after falling sharply in past couple of months.

DLF, Housing Development and Infrastructure (HDIL), Indiabulls Real Estate, DB Realty and Oberoi Realty are up between 5%-8% while Unitech, Godrej Properties, Sobha, Delta Corp, Ashiana and NBCC have gained between 1%-4%.

At least four terrorists have been killed in an encounter with security forces in a village in Handwara in Jammu and Kashmir on Thursday.

One jawan has also been killed in the gun-battle. The encounter is still underway.

An investigation by the Competition Commission of India (CCI) has claimed that the US-based Internet giant Google Inc allegedly “abused its dominance” in the Indian market by incorporating clauses in its agreements with users that restricted them from availing services of third-party search engines.

Sources told The Indian Express that the probe by the DG (Director General, Investigations), ordered by the CCI in 2012, also found that some agreements the company had with other parties incorporated a “one-sided clause relating to termination, possible for only those players who are dominant”. The competition watchdog has sent its findings to Google and asked for its response by September 10.

State-run Oil and Natural Gas Corporation (ONGC), the country's largest exploration and production company, is making the most of the drop in crude oil prices by renegotiating service contracts with drillers and others.

ONGC says the drop in crude oil prices has helped reduce operating expenditure for exploration in shallow waters by 30 per cent. Hiring charges in the case of vessels, rigs and barges have come down, said a senior official, helping offset the drop in crude oil realisation. If there is a drop of 30 per cent, it is a big amount for that particular vertical. Suppose we need 50 vessels to operate in the Western Offshore field; if we hire 25 vessels for the next five years at a lesser cost, it can bring down the total cost.

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