New Delhi: India on Friday offered help to Tanzania for developing its natural gas sector as the two countries discussed ways to broaden economic and strategic engagement between Asia’s third largest economy and a key East African state.

The offer was extended by Prime Minister Narendra Modi during talks with visiting Tanzanian President Jakaya Kikwete who arrived in India on Wednesday. Kikwete, a two-term president who will step down in October, is in India on a four-day visit. This is the first visit by an African head of state since the Modi government took office in May 2014.

ITC Infotech has launched an annual technology conference platform, ‘iTech 2015’. The company will organise a 2-day IoT hackathon event at its campus in Bengaluru on 4th and 5th July, 2015.

The event will allow its participants with an opportunity to develop ideas to prototypes across a wide range of business challenges.

MUMBAI: The finance ministry which has been looking to energise the public sector banks with talent from private peers received an unexpected retort from the chief of the nation's biggest lender, Arundhati Bhattacharya, on how it may not be of much help in reviving investments if their track record is any indication.

State Bank of India chairman Bhattacharya had to defend her ilk last week at a meeting with the finance minister Arun Jaitley when the banks were questioned on their poor performance on loans which grew 7.4% in fiscal 2015, compared with 17% for private banks.

Did Mukesh Ambani say something unusual at Reliance Industries’ 41st annual general meeting (AGM) last week that resulted in the sharp move of its stock price? The stock has rallied over 12 per cent in the past week, closing at Rs 996.50 on Friday.

Analysts think so. Most of them have either upgraded their recommendation or have changed their price target.

NEW DELHI: State-run NTPC has switched on an 800 MW hydel plant to join a select group of global peers who span the entire fuel chain — coal, gas, hydro power and renewables — for generating greener electricity.

Last week, the country's largest fossil fuel-based generation utility quietly switched on the last of the four 200 MW units of its first hydel project in Bilaspur district of Himachal Pradesh, roughly 145 km before the tourist destination of Manali.

New Delhi, June 18: Oil and Natural Gas Corporation Ltd (ONGC) has asked the government to extend the tenure of its partner Cairn India's prolific Rajasthan oil block by 10 years without any change in terms and conditions.

Cairn has a significant discovery in the Raageshwari field in the Rajasthan block and wants the Centre to extend the term by 10 years beyond the contractual deadline of 2020. Such an extension needs the approval of the state-run exploration company.

Mumbai: Insurance companies are getting ready to bid aggressively for Air India’s $9 billion cover, coming up for renewal on 1 October.

State-run Air India, which floated a global tender for the policy to cover its 126 aircraft, expects to buy the policy at a reasonable discount, given the rise in the number of underwriters and its safety record, said two Air India executives.

Nasscom on Thursday signed a memorandum of understanding (MoU) with Symantec to develop certified cyber security professionals. With this initiative, Nasscom aims to take the number of cyber security professionals in the country from 63,200 to a million. Sector Skill Council (SSC), Nasscom and Data Security Council of India (DSCI), along with Symantec, will focus on training and creating new job opportunities in the field of cyber security.

“The nature of threats are evolving every day. We need manpower to tackle the present day aspects of cyber security which includes conflict management, secure coding, legal issues among others,” said Gulshan Rai, National Cyber Security Coordinator.

Micromax, the only Indian company among top 10 handset makers globally, has announced the launch of its new flagship, the Canvas Sliver 5, which it claims is the world’s thinnest and lightest phone. While there do exist thinner phones, Micromax claims no other model is 5.1-mm thin end to end, devoid of camera bumps. And the phone’s weight, at 95 grams, also makes it the lightest.

While Micromax CEO Vineet Taneja said that every component of the phone was being streamlined to keep it thin and save battery life, the slightly expensive price tag of Rs 17,999 might work against it.

Extending gains for the sixth day in a row, the benchmark BSE Sensex rose almost 150 points and the NSE Nifty rallied past 8,200 mark in early trade on Friday.

At 9.28 am, Sensex was up 170.56 points at 27,286.39. Similarly, Nifty was up 40.35 points at 8,214.95 during the same time.

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