Tata Power, which is pursuing "aggressive growth plans", has sought shareholders' nod to raise up to Rs 7,000 crore through issue of non-convertible debentures.

Besides, the leading private power utility has proposed increasing its borrowing limit to Rs 27,000 crore.

Riding on the strategy of focusing on first time buyers and rural markets, country's largest carmaker Maruti Suzuki India (MSI) has increased its market share in passenger vehicle segment in the first quarter of the current fiscal to 42 per cent.

In the April-June period, the company sold 2,41,812 units of passenger cars and utility vehicles out of an industry total of 5,73,038 units, garnering 42.19 per cent market share, according to latest SIAM data.

An Air India flight with 313 passengers onboard was forced to return to Newark Liberty International Airport on Sunday after an engine on the Boeing 777 appeared to overheat and catch fire, according to airport officials.

The officials previously said a bird strike may have caused the fire but later ruled that out after conducting an investigation, said Erica Dumas, a spokeswoman for the Port Authority of New York and New Jersey.

Infosys has dipped over 4% to Rs 3,185 in early morning deals, erasing its entire gain recorded in last week, on the National Stock Exchange (NSE).

The stock had outperformed the market by gaining 2.4% in last week compared to 3.7% decline in benchmark CNX Nifty.

The Sensex and the Nifty are trading in the negative territory as investors resort to profit-booking as stocks had risen to very high levels in the pre-budget.

At 9.50 AM, the Sensex is trading at 24,986 levels down by 38 points and Nifty is trading at 7,449 levels lower by 38 points.

In a fresh crackdown on illegal money pooling schemes, the Securities and Exchange Board of India (Sebi) has conducted surprise inspections on two West Bengal-based groups, suspected to have garnered hundreds of crores of rupees through such activities.

A team of Sebi officials from Kolkata and Mumbai conducted inspections at four locations of Prayag Group offices and three locations of Palian group offices in Kolkata, a senior official said.

V Ganapathy Subramanian, who till very recently was formulating and implementing planning and strategy at information technology major Infosys, will now help the Bangalore-based company's chief executive manage his family office.

According to multiple sources, Subramanian, earlier the head of planning and strategy at Infosys, is soon going to join Chief Executive Officer S D Shibulal's family office, Innovations Investment Management India.

Indian companies having coal mines abroad, such as Adani, Tata Power and GVK, will have to redraw their strategy.

They are staring at increased costs, with the new Union Budget proposing to increase the clean energy cess on imported coal from Rs 50 a tonne to Rs 100 a tonne, and to raise the basic customs duty on bituminous coal to 2.5 per cent from the earlier two per cent.

Proposals in the Union Budget presented by finance minister Arun Jaitley on Thursday are likely to dent the earnings of Coal India Limited (CIL) as it would be pushed to divert more than half the coal projected to be sold under lucrative e-auction route to the upcoming power projects.

New Delhi: The health ministry is planning to introduce injectible polio vaccine through the universal immunization programme (UIP) by the third quarter of 2015, a senior government official said.

This vaccine will be linked with the global endgame strategy for polio which aims to eradicate the disease by 2018.

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