E-commerce major Flipkart today launched its instant refund mechanism facility, a move that will help its customers get refunds as early as within 24 hours of returning the product.

Previously, the refund process used to take three to five business days.

Anil Ambani-led Reliance Group has expressed a keen interest in playing a larger role in the growing economic ties between India and Qatar by expanding business cooperation with the Gulf country.

Ambani called on Qatar's Prime Minister Sheikh Abdullah bin Nasser bin Khalifa Al Thani among other senior Qatari ministers during a visit to the oil-rich country yesterday.

The water & effluent treatment strategic business group of L&T Construction has won turnkey orders worth Rs 1,489 crore in August 2015, in three packages, from Public Health Engineering Department, Ajmer, under the Rajasthan Rural Water Supply and Fluorosis Mitigation Project (Nagaur).

The projects, funded by Japan International Cooperation Agency (JICA), are aimed at providing potable water to 986 villages and seven urban towns in Nagaur district and 111 villages and two towns of Bikaner district in Rajasthan.

The Supreme Court on Monday dismissed a petition seeking cancellation of bail of film star Salman Khan who was convicted and sentenced in a hit and run case.

The apex court bench headed by Chief Justice H.L. Dattu declined the plea by one of the alleged victims associated with the case and belonging to Mumbai Police.

Prime Minister Narendra Modi invoked Sardar Patel and Mahatma Gandhi in his radio broadcast Mann ki Baat, to express his worry over the violence last week in Gujarat. This was even as Hardik Patel leader of the Patidar Anamat Sanghursh Samiti (PASS) was invoking the Sardar as the icon behind a nationwide agitation demanding reservation for an umbrella of communities from Gujjars to Jats on his visit to Delhi.

Just as Sardar Patel united scores of small principalities and Kingdoms in British India to become one country, I will make sure that we, the vanshaj (descendents) of Sardar Patel unite all communities agitating for OBC status and present a national front, he said to a room full of Gujjar leaders from across eight states in Gujjar Bhavan in Patparganj, East Delhi.

The Supreme Court on Monday stayed Rajasthan High Court decision of declaring 'Santhara' - a religious ritual of fasting until death, as illegal.

A Jain body had on August 25, approached the Supreme Court challenging the Rajasthan High Court order.

After providing LPG in easy-to- carry 5-kg cylinders, the government is planning to launch 2-kg bottles at local kirana stores even as it introduced online booking of new connections for subsidised cooking fuel.

LPG is traditionally available in 14.2-kg cylinders, which are not very convenient to carry and its cost at Rs 418 is considered high for poor and rural population.

Gammon Infrastructure's move to sell its stake in nine projects (six road and three power projects) will fetch it Rs 563 crore besides lowering its debt. It will also help it streamline the stretched balance sheet.

The slowdown in the infrastructure sector has taken its toll on players in the space. Many BOT developers (like Sadbhav, ITNL) and asset owners (like GMR, GVK, Gammon Infra) were not generating enough cash from their operational projects to fund the equity requirement for their new projects or were having highly stretched balance sheets. Thus, the street and analysts expected many of these companies to put their road BOT projects up for sale.

The BSE benchmark Sensex seems to be under-reporting the extent of pain gripping the broader market. Nearly a third of the BSE 500 companies (176 stocks) have lost all the gains they made since the Narendra Modi-led government took charge at the Centre on May 26 last year. And, more than 10 per cent (40 of 498 companies) have lost at least half their market value during the past 15 months.

The biggest losers have been infrastructure companies, metal makers, power generators, sugar companies, real estate developers and oil & gas companies, among others. The losses came at a time when, incidentally, infra and capital expenditure-related companies were supposed to be the biggest beneficiaries of the Modi government's infra spending push.

Prime Minister Narendra Modi on Sunday said his government woukd not re-promulgate the contentious land acquisition ordinance, allowing it to lapse when the extension ends on Tuesday.

In his monthly Mann ki Baat (From the Heart) radio broadcast, the PM said he didn't want to give an opportunity to those trying to mislead or scare farmers by spreading misinformation about the ordinance. He said the lapsing would restore the legislative situation on the issue as it had existed prior to his government.

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