Air India has cancelled two of its three non stop flights to the US, with blizzard hitting the country's eastern coast. A state of emergency has been declared in North East states of the US.

New York's JFK and La Guardia and Newark airport are impacted, with airlines cancelling hundreds of flights.

The Mahindra & Mahindra Financial Services (MMFS) scrip has underperformed the benchmark S&P BSE Sensex in the past month and corrected 17 per cent.

A slowing rural economy, worsening asset quality and weak earnings growth are the key reasons for this underperformance. Most leading brokerages have trimmed their earnings estimates for FY15 and FY16 to factor in these negatives.

Tata Consultancy Services (TCS), India’s largest information technology (IT) services provider, might soon discontinue sharing certain growth metrics. TCS is set to start a process by April this year to review the growth parameters representing the current business environment. Growing noise around metrics such as volumes and realisations along with increasing proportion of fixed-price projects are the key reasons behind this move.

Washington and New Delhi have announced they have bridged the gulf that has deterred US nuclear power generation companies from entering the Indian market since 2008, when the US-India civil nuclear agreement was signed.

On Sunday, President Barack Obama hailed the "breakthrough" agreement after talks with Prime Minister Narendra Modi.

Oil and Natural Gas Corporation (ONGC) is in the process of investing Rs 22,500 crore in redevelopment projects, to add capacity of 16.7 million tonnes of oil and 56 billion cubic metres of gas, Chairman and Managing Director D K Sarraf said on Monday.

"(In 2014) we launched Mumbai High North Redevelopment Phase-III, Mumbai High South Redevelopment Phase-III, integrated development of the Bassein, Mukta and Panna formations and Daman development," he said at a Republic Day function at ONGC's headquarters here.

A police constable and a woman, suspected to be a suicide bomber, were killed and 16 others, including lawyers, injured in a bomb blast at the Ara civil court in Bihar on Friday.

Additional Director General (ADG) of Police (Headquarters) Gupteshwar Pandey told PTI the explosion took place around 11:30 am, when a van carrying undertrials entered the court premises.

Internet retailer Amazon and its fast-growing local rivals are driving a boom in commercial property leasing in India as their storage needs rise, with shoppers in the country going online to buy everything from televisions to groceries.

Demand from e-commerce firms, a tiny fraction of India’s retail industry, accounted for as much as 40 per cent of 1.7 million square feet of warehouses leased in 2014 – a seven-fold increase from 2013, according to consultants CBRE South Asia. Warehouse rents have risen by a quarter over the past year.

The benchmark indices hit lifetime highs on Friday after the European Central Bank (ECB) announced a monthly bond-buying programme of 60 billion euros. The BSE benchmark Sensex closed at a record high of 29,278.24 points, while NSE’s Nifty closed above the 8,800-mark. The Sensex ended the week with gains of over 4%.

On Friday, foreign institutional investors (FIIs) bought shares worth $336.66 million worth of shares, while the domestic institutional investors sold shares worth $216 million. In YTD, FIIs have bought $1.2 billion worth of shares.

With the prospects of conducting ONGC stake sale getting grimmer and an urgent need to achieve its FY15 disinvestment, the government has lined-up stake sale in four state-owned companies – Indian Oil Corporation (IOC), Bharat Heavy Electricals (BHEL), National Aluminium (Nalco), and Dredging Corporation (DCIL) for the current financial year.

On Thursday, the department of disinvestment (DoD) floated proposals seeking merchant bankers’ assistance in selling 10% stake each in IOC as well as Nalco, and 5% stake each in BHEL and DCIL.

Mumbai: State Bank of India (SBI) on Friday said it has signed a loan agreement for €100 million with the European Investment Bank (EIB), a long-term lending institution of the European Union.

The loan will be utilised for lending to private businesses in India, SBI said in a statement.

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