The Bharatiya Janata Party-led National Democratic Alliance government will need to invest Rs 15.70 lakh crore to provide 24x7 power supply to all consumers, according to a panel report.

A sub group appointed by the Forum Of Regulators (FOR) has said around 1,280 billion units (BUs) will be needed to service the 24x7 requirements.

MUMBAI: HDFC Bank is working on digitizing every process that does not require a statutory `wet signature'. The bank will digitize submission of Form 15H which presently has to be physically submitted by senior citizens to the branch to avoid tax deduction at source.

Speaking to ToI, Nitin Chugh, head of the bank's digital banking said that the bank was moving to a system where customers would be required to use physical forms only where there is a legal requirement for the customer to sign such as on an account opening form.

Underlining the government’s push towards e-governance, domestic electronics manufacturing, and innovation and entrepreneurship, Finance Minister Arun Jaitley has invited captains of Indian software firms as well as their counterparts in the hardware segment for pre-Budget consultations. The meeting, scheduled for January 14, will also be attended by CEOs of several e-commerce companies and prominent start-ups.

Bharat Petroleum Corporation (BPCL) and Videocon Industries with Brazilian partner Petroleo Brasileiro SA (Petrobras) have found more light crude oil in the Sergipe Basin off that country’s northeast coast, the companies said in a securities filing.

The discovery in the BM-SEAL-11 exploration block is believed to hold at least a billion barrels of recoverable oil.

Some people want a Mercedes just for the three-pointed star on the bonnet, others are fans of how well it is engineered, and others still are bowled over by the comfort, refinement and sheer driving pleasure. The price of Mercedes cars, however, has been steadily on the rise over the years, putting a brand new one out of reach of everyday car buyers.

The CLA-Class hopes to change all that when it is launched this month at an expected price of R27-32 lakh. One of the hottest-selling sedans launched last year, the CLA is a runaway success in markets like the US and China due to its rakish looks. The question is, how competitive will it be against cars like the new A3? Here’s what you can expect.

The decision of Wipro Enterprises Ltd (WEL), the demerged consumer goods arm of software major Wipro Ltd, to offer an exit option to its minority shareholders has irked one of the proxy advisory firms. Stakeholders’ Empowerment Services (SES) has raised concerns the move might unfairly give 50 per cent stake of the Wipro brand to what will now become a private firm of the promoters.

The BSE Sensex and Nifty on Friday rose for a consecutive session, paring a weekly loss, as Infosys, the country's second-largest software exporter reported profit that beat estimates and global stocks rallied.

Infosys rallied the most in three months after the company maintained its annual sales forecast. The stock now has the highest weighting on the Sensex, up from a third place on Thursday.

The finance ministry has proposed standards for disclosing and computing of income, for the purpose of levying tax on companies. The draft, among other matters, provides for recognising segment-wise income for works spread over a period of time.

The finance ministry has proposed standards for disclosing and computing of income, for the purpose of levying tax on companies. The draft, among other matters, provides for recognising segment-wise income for works spread over a period of time.

The government is likely to exempt Oil and Natural Gas Corp (ONGC) and Oil India Ltd (OIL) from payment of fuel subsidy during the rest of the financial year due to steep decline in global oil rates to around $50 a barrel.

The upstream producers made good nearly half of the revenue loss or under- recoveries that fuel retailers incurred on selling cooking fuel and diesel until recently at government controlled rates.

Succession planning at ITC appears to be gaining traction, with the latest reshuffle in portfolios of top executives. Executive directors Kurush Grant and P V Dhobale’s portfolios have been interchanged. Grant, who was heading the fast-moving consuming goods (FMCG) business, will now be overseeing paper, paperboards and packaging, along with finance and information technology. Executive director Nakul Anand, in addition to overseeing the hospitality, travel and tourism businesses, has taken over the responsibility of the lifestyle retailing business.

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