The depressed share prices of public sector behemoths Coal India and ONGC is forcing the Finance Ministry reconsider its decision to dilute its stake in the two companies, top government officials have told Business Standard.

If the share prices of the two companies remain at current levels, the 10% stake sale in Coal India and 5% stake sale in ONGC will likely be called off.

In a significant move, the Supreme Court on Monday directed the central government to allow e-voting by NRIs. Supreme Court gave the government four weeks time to inform about further steps taken to implement EC's suggestion.

The Centre told Supreme Court that it has accepted Election Commission's suggestion to extend voting rights to NRI's through postal ballots.

As per the agreement, "BSE will establish an international exchange in GIFT SEZ-IFC, a multi-services Special Economic Zone (SEZ) being developed as India's first International Financial Services Centre by Gujarat International Finance Tec-City Company Ltd."

BSE, along with its associates and members, will invest upto Rs 150 crore to set up this international exchange.

Tata Motors owned Jaguar Land Rover (JLR), UK's premium luxury car manufacturer today announced that it plans to create 1,300 new jobs at its UK plant as it plans to add new Jaguar models to its product portfolio.

The new jobs will be at the company's Solihull plant where it will built its new Jaguar crossover sports utility vehicle (SUV). The SUV is set to go on sale in 2016.

Markets pared early gains in late morning trades as investors booked profit at higher levels after reports suggest that retail inflation is likely to be on the higher side. The government will detail November IIP and December CPI data later today.

At 11:40AM, the 30-share Sensex was down 22 points at 27,436 and the 50-share Nifty was trading flat at 8,285.

Delhi International Airport Private Ltd (DIAL), a unit of infrastructure conglomerate GMR, plans to retire its existing foreign currency term loans with funds raised through bonds.

Ratings agency Moody's has assigned Ba1 rating to these bonds.

Indian businessman Navin Bhartia's Internet habits make him a dream customer for billionaire foreign media moguls like Rupert Murdoch.

The 45-year-old from Kolkata likes to buy homes online, sometimes without visiting them. In the last four years, he has bought five properties for Rs 4 crore ($641,900) on Proptiger.com, partly owned by Murdoch's News Corp.

Oil fell further in Asia today, with weak demand and a supply glut putting relentless pressure on prices already at their lowest in five and a half years, analysts said.

US benchmark West Texas Intermediate (WTI) for February delivery was down 81 cents at $47.55 a barrel in mid- morning trade and Brent crude for February dropped 90 cents to 49.21.

A team of Indonesian navy divers on Monday retrieved one of the two black boxes from an AirAsia airliner that crashed two weeks ago, killing all 162 people on board, a government official said.

Flight QZ8501 lost contact with air traffic control in bad weather on Dec. 28, less than halfway into a two-hour flight from Indonesia's second-biggest city of Surabaya to Singapore.

Adani Enterprises is trading higher by 3% at Rs 519 on National Stock Exchange (NSE) in otherwise subdued market after the company has tied up with Australia's Woodside Energy to source liquefied natural gas (LNG), and for oil & gas exploration and production opportunities.

Adani Enterprises has signed a memorandum of understanding (MoU) with Australian energy major Woodside Energy for cooperation for exploring business opportunities across a broad spectrum in oil and gas sector in India, as part of the Vibrant Gujarat initiative, the company said in a statement.

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