Hyundai Motor India, the country's largest passenger vehicle exporter, is reorganising its export basket with new products. The company says the drive is aimed at maintaining its leadership in exports.

"There is a shift taking place in our portfolio. We are still exporting older models like the Eon, i10 and Accent. But the major thrust is to find opportunities for new models like the Grandi10, Xcent and Elitei20. Our sports utility vehicle, Creta, due for launch this month, will also be exported," said Rakesh Srivastava, senior vice-president and division head (sales and marketing).

L&T Hydrocarbon Engineering Ltd (LTHE), a subsidiary of Larsen & Toubro (L&T), on Wednesday said it has bagged an offshore contract from ONGC valued at Rs 2,715 crore.

The contract was won against international competitive bidding for the Oil & Natural Gas Corporation (ONGC) project at Bassein field near Mumbai coast in western offshore basin of India.

Chennai and Seattle-based startup Indix, that offers information about millions of online products to its clients, has raised $15 million in series B round from Nokia Growth Partners. The investors including Nexus Venture Partners, and Avalon Ventures also participated in the round. The company aims to utilize the new funds to grow its workforce, and expand sales and marketing of the products.

Indix was founded in October 2013 by Sanjay Parthasarathy, Rajesh Muppalla, Satya Kaliki, and Sridhar Venkatesh. The company’s tool is used by brands, retailers and developers to deliver the right product to the right customer at the right place.

New Delhi: In a fresh move, the government has cancelled the licences of 2,406 non-governmental organisations (NGOs) across the country, which includes entities that run schools and hospitals.

In the wake of the cancellation of their registrations, the NGOs would not be able to receive foreign funds. According to official data, Maharashtra tops the list with the cancellation of licences of 964 NGOs followed by Uttar Pradesh with 740 and Karnataka with 614.

Gurgaon-based online healthcare marketplace Healthians.com has raised funding from cricketer Yuvraj Singh’s YouWeCan Ventures, an early stage venture fund which was launched in April this year. This is the fourth investment by YouWeCan Venture since its inception. Its other investments include beauty and wellness segment Vyomo, on-demand logistics service provider Moovo, and education marketplace Edukart.

Launched in 2014 by Deepak Sahni, Healthians is one-stop destination for all kinds of Preventive Health check-ups & related information. Healthians.com preventive check-up programs are specifically designed to detect, monitor and prevent potential health problems.

Kolkata-headquartered ITC has snapped up 38 apartments in Crescent Bay, located in Parel, central Mumbai, for close to Rs 140 crore. The purchase comes as a bit of a surprise given most companies prefer to lease apartments rather than buy them.

While the going rate for flats in the area is anywhere between R25,000 and R27,000 per sq ft, the cigarette major is understood to have got itself a good deal, paying around R23,000 a sq ft. The residential complex, promoted by Larsen & Toubro, houses flats with both two and three bedrooms covering between 1,320 sq ft and 2,100 sq ft, priced at R3-5 crore.

Continuing its upward journey for the ninth consecutive day, the benchmark BSE Sensex gained over 72 points and the NSE Nifty inched towards regaining 8,400-mark in early trade today as investors indulged in enlarging positions driven by positive domestic as well global cues.

Nifty reclaimed its 8,400 mark around 9.52 am.

Infosys Ltd has allotted over 124,000 shares valued at Rs 5 each at par to its first non-founder chief executive Vishal Sikka, the global software major said on Tuesday.

“The board granted 124,061 restricted stock units (shares) to Vishal Sikka at a price of Rs 5 per share, as per the provisions of the 2011 plan,” the company said in a regulatory filing to the Bombay Stock Exchange (BSE).

MUMBAI: "Have you seen the Matrix? Remember the scene where Neo and Trinity get into a helicopter and don't know how to fly it. So Neo just downloads the instructions into his brain and they're off ? This product is exactly like that," says Harrick Vin, vice-president and chief scientist at Tata Consultancy Services, describing the company's latest product.

The description itself is a shift for the industry. Indian IT firms, known more for their labour arbitrage model than innovative technology, rarely get to compare products to something seen in cult sci-fi films.

Start-ups have welcomed Sebi's decision to ease rules for listing on domestic exchanges saying it will provide them the much needed access to funds.

Sebi's move is mainly aimed at helping start-ups to raise money locally by tapping the capital market rather than going overseas.

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