BlaBlaCar and IRCTC have entered into an advertising partnership to offer more travel options across India.

The partnership will enable BlaBlaCar to advertise its ridesharing services on IRCTC website for users looking to book tickets for their city-to-city journeys. The partnership will help travellers looking for last-minute travel solutions.

Ratan Tata, chairman emeritus, Tata conglomerate, in his personal capacity has made an investment of undisclosed amount in cab service provider Ola cabs. In the course of past 12 months he has invested in Snapdeal, Paytm, CarDekho.com, Urban Ladder and Bluestone.

Ola refused to disclose the financial details of the investment, but confirmed Ratan Tata has acquired a stake in the company in his personal capacity, as reported by livemint.

PSU explorer ONGC, which holds 30% stake in the Barmer oil and gas block in Rajasthan, wants the extant contract to be extended post its expiry in 2020 without any changes. This, according to analysts, brightens the prospects of Cairn India, which holds 70% of the block and is the operator, getting the lease extended by another decade.

The production sharing contract (PSC) for the Barmer block, which contributes 27% of country’s crude oil output, is set to expire on May 14, 2020.

Aashirvaad, Sunfeast, Classmate and Bingo! by ITC crossed the Rs 1,000-crore revenue mark in the last fiscal, while many of its other brands grossed more than Rs 500 crore, the company said in its annual report.

All of ITC’s brands in the last fiscal clocked revenue of Rs 11,000 crore. ITC’s brands range across categories such as food, stationery and personal care products. The food and other business division reported 11% rise in gross revenue in the previous fiscal at Rs 9,038 crore.

Country’s largest IT services firm Tata Consultancy Services (TCS) on Tuesday said it will hire 60,000 people this fiscal and impart training to its existing one lakh employees in various digital technologies.

The software exporter is also ramping up investments in the digital solutions space.

Reliance Industries Ltd (RIL), HDFC Bank and Dr Reddy’s Laboratories are the only three Indian firms to figure in Barclays’ top 111 stock picks from across the world for 2015.

In its ‘Global Top Picks’ report, Barclays has said more than six years into the recovery, the key drivers of the market rally u2013 low inflation, moderate growth and unprecedented monetary support u2013 are set to have a reduced impetus.

BSE has issued guidelines on tendering and settlement of shares through its platform, effective today, to make delisting, buyback and takeover offers easier.

Giving the details, BSE said, "Facility for acquisition of shares through the stock exchange mechanism pursuant to offer would be available on the bourse in the form of a separate window (acquisition window)."

Shares of Coal India have moved higher by 2% at Rs 429, also their record high on the National Stock Exchange (NSE). In the past two trading sessions, the stock was up 5% compared to a 1% rise in the CNX Nifty.

Sanjay Jain & Dhruv Muchhal, analysts at Motilal Oswal Securities, have recommended a ‘buy’ rating on the stock with a target price of Rs 448.

Pressure has started showing on passenger vehicle numbers. Maruti Suzuki, the country’s largest player, reported a marginal growth of 1.6% in domestic sales in June.

Volume has been affected by a sharp decline of 28% in entry level cars (Alto and WagonR).

State-owned power equipment maker Bhel today said it has commissioned Sudan's largest power plant.

Bhel has executed this project on Engineering, Procurement and Construction (EPC) basis. It has designed, manufactured, supplied and installed the complete power project (4 units of 125 MW each) including associated civil works.

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