The government will make up its mind on the gas pricing issue after the Budget session of the Parliament ends. Arun Jaitley needs to take a final call on the matter but the government cannot ignore the public interest litigation (PIL) on in the Supreme Court that was filed by Prashant Bhushan and Gurudas Dasgupta, the Business Standard reported.

Amid speculation that Atal Bihari Vajpayee and Subhas Chandra Bose might be named for Bharat Ratna, a Congress leader on Sunday said BSP founder Kanshi Ram and Aligarh Muslim University founder Sir Syed Ahmed Khan should also be given the country's highest civilian award.

Rashid Alvi said Subhash Chandra Bose should be given the award and the Andaman and Nicobar Islands should be named after Netaji as he had brought freedom to the islands much before the mainland.

Mahindra and Mahindra (M&M) has surged over 4% to Rs 1,281 on expectation of agri machinery sector would get strong booster over next 2-3 years as better prospects of agriculture sector supported by number of government aids and more focus on rural economy by new government.

The stock opened at Rs 1,240 and hit a high of Rs 1,284, also its lifetime high on National Stock Exchange (NSE). A combined 371,186 shares changed hands on the counter so far on NSE and BSE.

Larsen & Toubro (L&T) will strengthen its project management team and go in for subcontracting instead of hiring local staff in the Persian Gulf, following a Rs 942-crore pre-interest and tax loss in the hydrocarbon segment in the last quarter.

L&T posted a 111 per cent year-on-year growth in consolidated net profit to Rs 967 crore in the first quarter of 2014-15 on the sale of its stakes in its finance services company, L&T Finance Holdings, and Dhamra port.

State-run Central Bank of India had appointed SBI Caps to identify a buyer for its stake in Infrastructure Leasing & Financial Services (IL&FS), a senior bank official told the Press Trust of India. He, however, refused to put a valuation for the 8.34 per cent stake in the unlisted firm.

The bank is one of the promoters of IL&FS and holds 8.34 per cent stake in it, according to the company's website.

The Securities and Exchange Board of India (Sebi) on Sunday set the stage for launch of Real Estate and Infrastructure Investment Trusts, commonly referred to as REITs and InvIT.

In the final regulations, the market regulator has made some major changes to what it had proposed earlier. These include allowing foreign institutional investor (FII) participation and reducing the minimum asset size for a REIT. Those in the sector said these two new instruments had the potential of attracting nearly Rs 1 lakh crore to the cash-starved real estate and infrastructure sector.

New Delhi, Aug. 8: India looks set to reboot its military ties with the US starting with the Prime Minister’s scheduled Washington trip in September after the defence ministers today decided to renew an overarching pact and appointed executives to oversee defence technology ventures.

“The Prime Minister underlined the importance of defence relations in the overall strategic partnership between the two countries and indicated his desire to see further progress in defence relations, including in defence manufacturing in India, technology transfer in the area of defence, exercises and higher studies in the field of defence,” the Prime Minister’s Office said after US secretary of defence Chuck Hagel met Narendra Modi here this morning.

President Barack Obama spoke in favor of net neutrality this week, pushing back against the idea of paid prioritization, which many call Internet “fast lanes.” Following the president’s comments, a number of technology companies joined cultural and privacy groups in praising the American leader.

The corporations and organizations penned a letter citing the president’s comments directly, and saying that in the wake of his remarks that they are “counting on [the president] to take action to ensure equality on the Internet.”

New Delhi: The ministry of road transport and highways has decided to constitute an inter-ministerial committee to review the note prepared by the National Highways Authority of India (NHAI) seeking an overhaul of the existing model concession agreement to revive private sector interest in the road sector, said two government officials who did not want to be named.

The model concession agreement is the contract that sets the terms of execution of a project and is signed between the concessionaire and the government, in this case the NHAI.

In order to protect its own servers and customers in a better way, Facebook has acquired California-based cybersecurity startup PrivateCore for an undisclosed amount. The other terms and conditions are still undisclosed. Post this acquisition, “Facebook plans to deploy our technology into the Facebook stack to help protect the people who use Facebook.” said PrivateCore’s CEO Oded Horovitz, on the company website. “Working together with Facebook, there is a huge opportunity to pursue our joint vision at scale with incredible impact.”

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