Shares of Larsen & Toubro (L&T) were trading higher by 1% at Rs 1,783 on the BSE after the company said it has signed a memorandum of understanding (MoU) with French firm Areva for cooperation to maximise localisation for the EPR nuclear power plant to be built at Jaitapur in Maharashtra.

Areva’s EPR nuclear reactor is a third generation advanced pressurised water reactor.

Shares of Reliance Industries (RIL) were trading higher by 1% at Rs 916 on the National Stock Exchange (NSE), extending its past four-day’s gain on the bourses, on media reports that the company has discovered massive gas reserves at MJ-1 block in its KG-D6 basin.

Since April 6, 2015, the stock has rallied nearly 11% from Rs 825, compared with 1.8% rise in the CNX Nifty.

Rating agency ICRA has downgraded long-term loans to GMR group's power projects to default grade "D" on delay in loan repayments.

The loans, amounting to over Rs 11,000 crore, carried "BB" rating earlier.

Another tranche of share sale in state-run miner Coal India Ltd, the largest coal producer in the world, is "not ruled out", a finance ministry official told CNBC-TV18 television channel on Monday.

Aradhana Johri, divestment secretary at the ministry, did not specify any time-frame for the share sale in the company, which is nearly 80% owned by the government.

State-run ONGC, Oil India Ltd (OIL) and BPCL will in the next four years invest $6 billion in developing a giant gas field off the Mozambique coast and converting the fuel into LNG for export to nations like India, Oil Minister Dharmendra Pradhan said today.

ONGC Videsh Ltd, the overseas arm of Oil and Natural Gas Corp (ONGC), Oil India Ltd and a unit of Bharat Petroleum Corp Ltd (BPCL) together hold 30 per cent interest in Rovuma Area-1, which is estimated to hold recoverable gas reserves of up to 75 trillion cubic feet.

With an eye on regaining industry-level growth rates and to retain top talent, Infosys is sprucing up the capabilities of its core banking software Finacle and revamping the compensation structure of its sales team, according to media reports.

According to a report in HT Mint, the Bengaluru-headquartered information technology services provider is assessing the merits of Blockchain, an open-source financial database that records all transactions of virtual currency Bitcoin, to see if the technology could be integrated into Finacle.

France will partner India in a study for upgrading the speed on Delhi-Chandigarh rail line to 200 km per hour and help in re-development of Ambala and Ludhiana railway stations.

France will also help in development of Smart Cities in India to be identified by the host government. These were among the outcomes of Prime Minister Narendra Modi’s talks with French President Francois Hollande here yesterday.

According to a newly leaked version of Microsoft's upcoming program, the company is improving the touch experience in Windows 10.

According to the Verge, on enabling tablet mode, any apps on the taskbar are removed and the user is thrown into a user interface that only has access to the Start screen, virtual desktops, and the Cortana digital assistant.

The government on Friday introduced a share swap arrangement for the proposed merger between National Spot Exchange Limited (NSEL) and Financial Technologies (India) Limited.

According to the assessment order, made public on Friday, the government has proposed that three fully paid-up equity shares of Rs 2 each will be given in the new entity in return for every eight shares of Rs 10 each in NSEL.

Delhi-based e-commerce company Snapdeal is gearing up for an initial public offering (IPO) in the US at a valuation of $5-6 billion, following arch-rival Flipkart.

Snapdeal had appointed merchant bankers for listing on an American stock exchange, company sources said.

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