New Delhi: Mortgage financier Housing Development Finance Corp. Ltd (HDFC) has bought an additional stake in education company CL Educate (formerly Career Launcher) for an undisclosed amount, the companies said on Friday.

It had in 2011 bought a stake in Indus World School, a unit of CL Educate. The latest transaction brings HDFC to own stake in all the businesses of CL Educate, the holding firm that has presence in several education businesses, including coaching and skill development.

The Indian handball team started its Asian Games campaign on a disappointing note, going down 20-39 to Chinese Taipei in their opening Group D match on Saturday.

In a rather lopsided contest, the Indian were trailing 11-24 at the end of the first 30-minute period before losing the next period 9-15.

Around 200 heavily armed militants were waiting across the Line of Control to infiltrate into the Indian side even as the security forces foiled several attempts by the ultras to sneak into Kashmir Valley following the recent floods.

"There are around 200 heavily armed terrorists across the Line of Control waiting to infiltrate into the Kashmir Valley," Lt Gen Subrata Saha, the General Officer Commanding of Srinagar-based 15 Corps, told PTI.

Kotak Mahindra Asset Management Company, the country’s ninth biggest fund house in terms of assets, has acquired the local schemes of PineBridge Mutual Fund, for an undisclosed sum, subject to regulatory approvals.

PineBridge MF had assets under management (AUM) of only Rs 660 crore. The deal marks a third exit of a foreign fund house in less than a year and underscores the challenging conditions for smaller entities.

State-owned petroleum explorer Oil and Natural Gas Corporation (ONGC) said on Friday that it would invest Rs 81,800 crore to bring new discoveries into production and check the decline in output from ageing fields.

The company has taken up 15 projects for development. Of these, seven are complete and eight are under implementation. “These projects, with an estimated capital outlay of Rs 40,573 crore, are geared up to produce an additional 45.6 million tonne (mt) of crude and 67.4 billion cubic metre (bcm) of gas,” ONGC’s chairman and managing director D K Sarraf told shareholders at the annual general meeting.

At a time when the publicly held GMR Infrastructure is looking at conserving cash and exploring various options to get its highly volatile leverage issue under control, the Nepal government has awarded it a Rs 8,500 crore 900 Mw hydropower project. GMR Infrastructure had initiated this proposal in 2008 and due to internal issues of various Nepal governments, the nod to this project has come after a long wait.

GMR Infrastructure during that time was on an expansive global expansion plan but has over the past 18 months tightened its belt to shed various assets, raise equity, free cash flows and is looking at managing its cash resources more efficiently.

India’s second largest software services firm Infosys has signed a contract with commercial real estate developer Skanska Property for leasing its office space for 10 years, the biggest such transaction in Poland this year.

The expansion comes in the wake of Infosys planning to expand the workforce at Lodz delivery centre by 500 people.

The Bombay Stock Exchange (BSE) S&P BSE Sensex hit a record high today, led by Tata Group companies, after global rating agency Moody's raised multiple ratings of group firms including Tata Motors, Tata Steels and Tata Consultancy Services (TCS).

At 1218 hours, S&P BSE 500 index was up 0.2% or 21 points at 10,430 points. It touched new high of 10,478 points during intra-day trade today.

Scotland today rejected independence in a historic referendum and decided to remain in a 307-year-old union with the United Kingdom, in a relief to Prime Minister David Cameron.

With 30 out of Scotland's 32 council areas having declared results, the "No" side has an unbeatable lead of 1,877,252 votes to 1,512,688, official results confirmed today.

Close on the heels of securing a R1,000-crore long-term loan from global private equity major KKR, GMR Infrastructure said that it is looking at international markets for funds at lower interest rates.

Managing director Kiran Kumar Grandhi said on Thursday at the company's annual general meeting that the firm will focus on recalibrating its assets to gain confidence of international investors.

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