The benchmark BSE Sensex gained over 83 points to hit another record-high of 25,924.25 in opening trade today on strong rally in FMCG, metal, consumer durable, PSUs and oil & gas stocks amid sustained capital inflows.

Hitting a new peak for the second straight session, the 30-share barometer surged 83.04 points, or 0.32 per cent, to trade at 25,924.25, surpassing its previous intra-day high of 25,864.53 reached yesterday.

As the population of India's youth (aged 15-24 years) more-than-doubled during 2001-2011, the unemployment rate among this section rose from 17.6 per cent to 20 per cent, show the latest Census data. The unemployment also takes into account those seeking jobs after working for three-six months in a particular segment (marginal workers).

In a bid to make contract rules for road projects more flexible, the National Highways Authority of India (NHAI) is planning to tweak the Model Concession Agreement (MCA) so that it suits the changing market conditions.

NHAI is redrafting the MCA, which will give it the powers to change bidding documents if the projects are stuck for any reason, a senior official from NHAI told Business Standard.

When Finance Minister Arun Jaitley turns to part-B of his Budget speech on July 10, the common man may be left disappointed. Taxpayers expecting the income tax exemption limit will be raised to Rs 5 lakh or the deduction limit to Rs 2 lakh might have to settle for a marginal adjustment in the slabs.

Promoters of GMR Infrastructure, led by Chairman G M Rao, are planning to increase their stake in the company by infusing Rs 600 crore through warrants.

The GMR Infrastructure board on Wednesday approved a proposal to issue up to 180 million warrants, entitling up to 18 million shares, under preferential allotment to promoters.

Even as most of its competitors were struggling, Larsen & Toubro (L&T) exited 2013-14 with fresh orders worth Rs 94,100 crore, up 15 per cent compared to the previous year. A third of these orders were from abroad, in line with the company's strategy to globalise and de-risk its business model.

While the company has been working on this strategy for about a decade, after it missed out to US and Korean rivals during the boom in the Gulf, it is now playing catch-up by setting up a strong base there.

In line with expectations, Vishal Sikka, chief executive officer (CEO)-designate of city-based Infosys, is set to become the highest-paid executive in the Indian information technology (IT) services space. Sikka’s total annual remuneration would be up to $5.08 million (Rs 30 crore), in addition to stock options worth $2 million, the company said in a regulatory filing on Wednesday.

Reliance Communications (RCom) has initiated the process to monetise its real estate assets across the country, aiming to raise Rs 5,000 crore through this. The company will use the proceeds to part-repay its debt, which stands at Rs 34,000 crore even after the recent qualified institutional placement (QIP) of its shares. An RCom board committee recently approved the sale of these assets.

Consolidation of state-owned banks is back on the government's agenda with the finance ministry evaluating the feasibility of the proposal. A call will be taken shortly on whether Finance Minister Arun Jaitley should announce the government's intent to go ahead with the mergers in the coming Budget.

Bangalore on Tuesday hosted Communications and Information Technology Minister Ravi Shankar Prasad for the first time since his appointment.

The event was organised by information technology (IT) body Nasscom and software product think tank Indian Software Product Industry Round Table (iSPIRT). IT leaders raised concerns on policies and doing business in the country. Others shared their ideas on strengthening the Indian IT ecosystem.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.