Mumbai: The 30-share bellwether BSE Sensex on Friday was trading marginally higher tracking mixed cues from the global stock markets.

Traders were awaiting the Wholesale Price Index (WPI) data for the month of May due on 16 June for more cues. Bloomberg estimates that WPI will be 5.3% for May, compared with 5.2% in April.

The Gujarat government on Thursday sought intervention of the minister of state for petroleum and natural gas minister Dharmendra Pradhan for recovery of Rs 10,000 crore in form of crude oil royalty from the state-run Oil and Natural Gas Corporation (ONGC) Ltd.

The Bharatiya Janata Party-led government outlined directives for news coverage.

Parliamentary Affairs Minister M Venkaiah Naidu on Thursday urged the media to report "constructive work," not "destructive."

"Destructive work is bad news," said Naidu. Reminding journalists of their "sacred duty," the minister said the "media would do great human service" if it performed its duty.

Cricket tournament Indian Premier League (IPL)'s seventh edition registered an eight per cent increase in television ratings from the previous edition. The twenty-twenty tournament averaged 8,481 television viewership in thousands (TVT) this year compared to 7,835 TVT last year on all-India basis. This was an increase of eight per cent.

The high court here on Thursday said Madhu Kapur, widow of YES Bank co-founder Ashok Kapur, would be allowed to challenge all the resolutions that might be approved at YES Bank’s annual general meeting (AGM) on Saturday.

At the AGM, shareholders will vote on seven resolutions, including the appointment of directors, which had first led Kapur to challenge Rana Kapoor, the bank’s managing director and chief executive, in court.

At a time when the new government wants state-run Oil and Natural Gas Corporation to focus on small and marginal fields, the company is seeking a higher retention price of at least $65 a barrel for crude oil produced from these.

After taking charge, new petroleum minister Dharmendra Pradhan had asked ONGC to increase production from its 165 small and marginal fields, to pull up the country’s overall production.

Tata Motors on Thursday reported 5.14 per cent decline in global sales, including that of Jaguar Land Rover (JLR), to 77,575 units in May. The company had sold 81,783 units in the same month last year.

In the passenger vehicles category, the global sales last month were at 48,414 units, as against 43,142 units in May 2013, up 12.2 per cent, Tata Motors said in a statement.

Idea Cellular Limited, India’s third largest cellular operator, said on Thursday that it has priced its Rs 3,000-crore sale of shares to qualified institutional buyers at Rs 134 apiece. Last Thursday, the company had announced a floor price of Rs 136.98 a share. The final price includes a premium of Rs 124 a share. Idea Cellular closed the issue today.

Alan Mulally, the 68-year-old president and chief executive of US automobile giant Ford, on Thursday expressed confidence on the Indian automobile sector. He said as and when demand rose here, the company would bring its entire range of vehicles---from small cars to trucks to India.

The excitement in the conference room of Infosys' Bangalore headquarters was palpable when the company on Thursday ended a speculation of months by announcing Vishal Sikka, former executive board member at software maker SAP, was going to be the next chief executive officer & managing director. U B Pravin Rao, the company's president at present, was named the next chief operating officer.

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