Oil and Natural Gas Corporation (ONGC) has relaunched a tender to sell gas from its KG fields at a higher price of USD 15 per mmBtu as it looks to capitalise on a global surge in energy prices.

The firm sought bids for the sale of 0.75 million standard cubic meters per day of gas for one year from the KG-DWN-98/2 (KG-D5) fields in the Bay of Bengal, according to the tender document.

Tata Consultancy Services (TCS) on Tuesday said that it would be paying 100 per cent variable pay for its 600,000-plus employees for the first quarter, according to media reports.

"We have come across completely incorrect reports on our compensation. Variable pay is either paid in month one or two as per the normal process, and there is no delay...100 per cent variable pay is being paid for Q1," TCS said in a statement, Moneycontrol reported.

The Warren Buffet-backed Chinese electric vehicle manufacturer BYD will be unveiling a Born Electric SUV for the Indian market by the fourth quarter of the current calendar year.

The deliveries of the same would begin in January, the company’s top official said. This will be the first Born Electric SUV in the mass market. The Born Electric models from Tata Motors and Mahindra and Mahindra would be launched from 2024.

Creditors of Future Retail Ltd have submitted claims worth Rs 21,324.18 crore against the debt-ridden company presently facing an insolvency resolution process.

The financial creditors of the companies, which mainly include banks and financial institutions, have filed claims of Rs 21,057.89 crore before the interim resolution professional of the company.

Honasa Consumer (Mamaearth), with an average revenue growth of 491 per cent over last year, has topped the list of companies that attracted private equity investments in India.

As per a media statement by Hurun Research, Encube Ethicals, an integrated pharmaceutical company, is ranked second, reporting a growth of 343 per cent. Ecom Express, a tech-enabled logistics solutions provider, is ranked third (283 per cent growth).

Public sector lender Canara Bank plans to raise upto Re 3,500 crore through tier II bonds in tranches for enhancing capital adequacy ratio to meet growth requirements.

Its last capital raise via Tier II bonds for Rs 2,500 crore was in December 2021 at coupon of 7.09 per cent. It is likely to come to market on August 25, 2022 with the first tranche of tier II bonds (10-year tenure) having primary size of Rs 1,000 crore.

AirAsia India will use CAE’s artificial intelligence-powered training system to train the airline’s pilots, the two companies jointly announced on Tuesday.

Canada-headquartered CAE is a leading provider of pilot-training solutions based on simulation technology.

The US has confirmed over 15,000 monkeypox cases, according to the latest data from the US Centers for Disease Control and Prevention (CDC).

A total of 15,433 known monkeypox cases had been reported nationwide as of Monday, Xinhua news agency reported, citing CDC data.

The Central Bureau of Investigation on Wednesday conducted raids in Bihar in alleged land-for railways jobs case.

Raids by a central agency are underway at the residence of RJD MLC Sunil Singh in Patna.

Apple Inc. plans to begin manufacturing the iPhone 14 in India about two months after the product’s initial release out of China, narrowing the gap between the two countries but not closing it completely as some had anticipated.

The company has been working with suppliers to ramp up manufacturing in India and shorten the lag in production of the new iPhone from the typical six to nine months for previous launches, according to people familiar with the matter.

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