Shares of state-run ONGC are up over 1% to Rs 356 on the BSE on news that the disinvestment of 5 per cent stake in ONGC is unlikely this fiscal as the liquidity situation in the market is under stress after recent mega share sales while the subsidy issue remains unresolved.

The government on January 30 sold ten per cent stake in Coal India through an offer for sale and raised Rs 22,558 crore, close to one-third of which came from FIIs. While overseas investors put in about Rs 6,000 crore, retail investors pumped in close to Rs 2,000 crore in the issue.

Air India pilots have questioned the government’s move to penalise airline’s employees for any flight delay by way of cutting salary and said it will create an “unsafe” environment in the carrier.

“This futile exercise is going to be detrimental to flight safety as employees directly involved with the departure of a flight will try to cut corners in the safety practices in order to avoid delays,” said Indian Commercial Pilots Association (ICPA) in a letter to the management.

Two-wheeler major TVS Motors will launch two new motorbikes during the the first two quarters of the financial year 2015-16.

The new launches include Victor and a high-power premium bike, according to the company.

The Reserve Bank cut the repo rate by 25 basis points last month and in a bid to nudge banks to cut rates, the RBI cut SLR in its policy this week. But when will banks pass on rate cuts to consumers? SBI 's Arundhati Bhattacharya says she is in a wait-and-watch mode.

She says monetary policy is a bit of a blunt instrument mainly because cost of funds is not all that dependent on repo rates. Hence, transmission is not always symmetrical and therefore, can’t immediately reduce income, she adds.

As global oil prices drop below $50 a barrel, creating a favourable economic outlook and a base for further fuel subsidy reforms, Prime Minister Narendra Modi wants measures to take advantage of this environment.

Besides oil, rising labour costs in China is in India's favour, as it raises our attractiveness for foreign companies which are keen to set up manufacturing units.

The Indian markets on Friday ended lower for a sixth straight day due to disappointing third quarter numbers posted by blue-chip companies, including Tata Motors.

Concerns that the Bharatiya Janata Party (BJP) might face defeat in the Delhi Assembly elections also weighed on investor sentiment.

The Securities Appellate Tribunal (SAT) has reserved its order in DLF's appeal against the stock market regulator.

The real estate major had appealed against a Securities and Exchange Board of India (Sebi) order which barred the company and key officials from the market for three years. The ban was on account of disclosure violations related to its 2007 initial public offer (IPO).

After unleashing an excitement through its new cars fitted with auto gear shift (AGS) technology, country’s top car maker Maruti Suzuki is marching ahead with growing volumes of those models.

Compared to fully automatic versions, AGS or AMT (automated manual transmission) variants appear to be working as a better value proposition for customers considering the relatively smaller price premium to the manual variants as also relatively lower maintenance costs vis-a-vis conventional automatic cars.

MUMBAI: The government is working on innovative ways of financing infrastructure projects to ensure that India moves into a trajectory of non-inflationary growth. Finance minister Arun Jaitley, who will present his first full Budget this month, said on Monday that the government would soon come out with several new structures to fund projects.

Responding to a question from Reliance Industries chairman Mukesh Ambani on how the government plans to finance infrastructure projects, Jaitley said that the government will, in addition to increasing public funding, also put in place a mechanism to convert domestic savings into long-term project finance.

MUMBAI: Reliance Industries' (RIL's) nationwide 4G spectrum was a deciding factor in State Bank of India (SBI) agreeing to pick up a 30% stake in the payments bank that Mukesh Ambani's flagship company plans to launch. RIL is expected to roll out its 4G services under the name 'Jio' this year and has announced investments of over Rs 70,000 crore in the telecom business.

Explaining the rationale behind partnering the energy giant, SBI chairman Arundhati Bhattacharya said, "The payments bank has been brought out by RBI to improve financial inclusion and to ensure ease of small-value payments. This requires a strong technology platform as well as spectrum. RIL has a good pan-India spectrum. They also want to launch a 4G offering which is good for data."

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