Five Tata group managing directors on Monday called on West Bengal Chief Minister, Mamata Banerjee, to discuss about their respective companies. The managing directors- Rana Sinha of Tata Hitachi Construction Machinery Company, Dibyendu Bose of TM International Logistics Limited, Sandipan Chakravortty of Tata Steel Processing and Distribution Limited, Viresh Oberoi of mjunction, and Sanjiv Paul of Tata Metaliks - met at Nabanna, the makeshift state secretariat. Finance and industry minister, Amit Mitra, was also present.

This was just a follow-up meet after Chief Minister's Bijoya Sammilani. She had asked us whether there were any issues. So this meeting was organised to discuss the future of manufacturing, Tata Hitachi managing director, Rana Sinha said.

Oil and Natural Gas Corp (ONGC) wants to take advantage of falling oil prices to more than double its overseas output to the equivalent of 400,000 barrels per day of oil by 2018, Chairman D K Sarraf told Reuters.

Global oil prices sank to a four-year low at below $83 a barrel this month, hitting valuations of energy explorers.

The central government on Monday revealed the names of three people who have black money stashed abroad in its affidavit to the Supreme Court.

Pradeep Burman, former Director of Dabur group, Pankaj ChimanLal Lodhiya, a Rajkot based bullion trader and Radha S Timbola, a Goa based miner feature in the Centre's much awaited list of black money account holders.

NEW DELHI: Looking to deepen its economic ties with Vietnam, India is likely to strike a deal for exploration and production of oil and gas during the visit of South East Asian nation's Prime Miniter Nguyen Tan Dung on October 27.

Ahead of its prime minister's two-day visit here, Vietnam has also evinced keen interest in greater cooperation in key areas of defence, security and oil exploration and has hoped that some pacts will be signed during the trip.

RBI is keen that all large financial institutions lend themselves to greater regulation by turning into a bank as, globally, non-bank players in finance are seen to be engaged in shadow banking.

The last of non-government financial institutions is HDFC, the largest housing finance company. But unlike other institutions that received a bank licence — ICICI, IDBI and now IDFC — HDFC is neither constrained for resources nor for growth opportunities.

Carmakers in India would be forced to recalibrate their focus on safety, with the Vehicle Regulation and Road Safety Authority of India — an independent agency proposed in the draft Road Transport and Safety Bill — expected to wield the stick on issues such as standards for the design and construction of passenger cars.

Also, from next year, the Bharat New Vehicle Safety Assessment Program is expected to be rolled out, under which the safety of passengers would be assessed by testing cars in front-on and side-on crashes.

The country's largest auto maker Tata Motors has raised $750 million from Asian and European investors by selling a dual tranche bond issue which got an over subscription of six times at $4.5 billion, reports PTI. The company has priced the 5.5-year benchmark senior unsecured notes of $500 million at 4.62%, while the coupon for the 10-year $250 million notes is fixed at 5.75% per annum. Earlier, it had sold $300 million worth bonds in April at a coupon of 5.53%.

Rising for the sixth consecutive session, the benchmark BSE Sensex gained over 49 points in early trade today on sustained foreign capital inflows amidst hopes of more reforms by the government.

The 30-share index, which had gained over 851.71 points in the previous five sessions after the government announced reforms in oil & gas and coal sectors, rose by 49.33 points, or 0.18 per cent, to 26,900.38 with power, PSU, capital goods, healthcare and banking stocks leading the rise.

The government-owned, loss-making Air India is once again facing attrition as 33 pilots have left the airline this year.

Some of them deserted the national carrier and joined other airlines without even tendering their resignations, notwithstanding the strict rules on bond liabilities.

Shares of DLF slumped nearly 6% to Rs 112 on reports that the new Haryana government will investigate into the land deals between the company and Congress president's son-in-law, Robert Vadra entered into during the regime of the previous Congress government.

It may be recalled that the Bharatiya Janata Party garnered a majority in the recently held state elections and Shri Manohar Lal Khattar took oath as Haryana Chief Minister on Sunday.

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