Superstar Rajinikanth's upcoming film Lingaa that is set to hit the theatres on December 12 has secured a mega-insurance cover including production insurance and loss of revenue for India and overseas.

Industry estimates suggest that the size of the cover would be well above Rs 200 crore. This includes Rs 100 crore plus for production cover, apart from coverage against force majeure incidents that could disrupt the screening of the film. The film, shot in a record span of eight months, has reportedly been made on a budget of Rs 100 crore.

Mahindra and Mahindra (M&M), which saw its tractor sales fall by 33%in November, expects demand revival only in March.<>I expect sales to remain flat for the next three months and pick up only in March, said Pawan Goenka, executive director and president of farm and automotive sector, M&M.

Infosys, India’s second largest IT services company, is planning to set up a marketplace where its employees can get access to short-term projects primarily for internal works, which may eventually be opened up for clients.

The proposal, which is in ideation stage, can be perceived as the next step in IT services delivery wherein resources can work on interesting short-term projects and clients may not have to go through the hassles of a sales process.

Market regulator Securities and Exchange Board of India has found 22 public sector firms including Oil and Natural Gas Corporation, Coal India, and Indian Oil Corporation to have violated various capital-market guidelines.

Meanwhile the State Bank of India has filed for the settlement of a case against it to the regulator, Parliament was informed on Friday.

Pune-based Bajaj Auto plans to increase prices of its Discover and Platina motorcycle models in January to offset the cost rise of the last few months.

The company will toe the line of peers Hero MotoCorp and Honda Motorcycle and Scooter India, which increased their prices by Rs 250-550. Bajaj Auto had increased the prices of its Pulsar range by Rs 1,000 a few weeks ago but had left its economy range untouched.

ICICI Bank, India’s largest private-sector lender, plans to sell its Russian subsidiary ICICI Bank Eurasia Limited Liability Company (IBEL) to Sovcombank, a mid-sized Russian bank.

“The sale is subject to execution of definitive agreements and regulatory approvals. The purchase price will be determined on the transaction completion date based on the financial statements of IBEL at that date. The transaction is expected to conclude by the end of the financial year,” ICICI Bank said in a notification to the exchanges.

As Infosys’s new management tries to give greater clarity on its strategy roadmap, most analysts believe that the Bengaluru-based company is moving in the right direction by strengthening in areas which hold promise for the future. In particular, they are of the opinion that the company has made strong inroads into the digital space and some newer technologies such as social, mobility, analytics and cloud (SMAC), which is quite encouraging.

CEO & MD Vishal Sikka, along with his management team, on Thursday outlined some of these capabilities while discussing the new strategy roadmap in an analyst meet at the company’s Pune campus.

Reiterating that revival of the beleaguered Dabhol was on the cards, NTPC today said all possible options are being explored for the same.

Dabhol will be revived. How can we afford in a country like ours to leave one project to get killed by itself. Many options are being considered and it has to be revived, NTPC Chairman and Managing Director Arup Roy Choudhury told reporters here.

Axis Bank, India’s third largest private-sector lender has gained over 1% at Rs 505 after the bank on Tuesday said that it has raised Rs 5,705 crore by selling infrastructure bonds. The 10-year senior unsecured redeemable non-convertible debentures (NCDs) were priced at 8.85 per cent a year, payable annually.

The NCDs have been rated AAA by CRISIL and ICRA. The bonds will be allotted to eligible investors on Friday.

Five army men, two cops were killed in a militant attack at an army camp in Uri sector in Baramullah district of Jammu and Kashmir on Friday morning.

Ahead of the third phase of assembly elections in Jammu and Kashmir, the militants have once again launched an attack on an army camp near the International Border.

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