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Mumbai: Lower oil prices and the scrapping of fuel subsidies have allowed India’s biggest energy companies to slash borrowings to the lowest in at least eight years.

Total debt at Indian Oil Corp., the nation’s largest refiner, stood at Rs419 billion ($6.2 billion) at the end of September, down from Rs863 billion rupees in March 2014, according to the most recent data from company filings. Liabilities at Hindustan Petroleum Corp., the third-biggest fuel retailer, shrunk 65% in the same period, the data show.


 
NEW DELHI: State-run NTPC's Power Management Institute will soon impart training to state discom staff across the country for capacity building under the Integrated Power Development Scheme (IPDS).

The IPDS' objective is 24x7 power supply for consumers and reduction of AT&C losses.


Sensex falls 40 points on profit booking
Posted on 20th February 2017
 
The benchmark BSE Sensex faltered in early trade, declining by over 40 points on profit booking by investors in recent gainers amid mixed Asian cues.

The 30-share barometer fell 40.24 points, or 0.14%, to 28,428.51 with metal, auto, FMCG and banking stocks trading in the red. The index had gained 313.19 points in the previous two sessions.


 
Maruti Suzuki has sold over 1 lakh of its smart hybrid vehicles this month, the homegrown carmaker informed the stock exchange on Monday.'

In a press release, Maruti Suzuki India said "its Smart Hybrid Vehicles - Ciaz SHVS and Ertiga SHVS - had crossed cumulative sales of 1,00,000 units this month. This marks the sucess of Maruti Suzuki's efforts in hybrid and electric mobility in India.


 
GMR Infrastructure which operates the New Delhi international airport and the Hyderabad international airport has sought the approval of its lenders to demerge its airports arm and list it separately, according to a tweet by CNBC TV18.

GMR Infrastructure which operates the New Delhi international airport and the Hyderabad international airport has sought the approval of its lenders to demerge its airports arm and list it separately, according to a tweet by CNBC TV18.


 
India’s largest e-commerce marketplace Flipkart has opted to go with Microsoft’s Azure cloud computing platform, moving away from global rival Amazon’s AWS cloud services.

The deal between the Redmond company was announced by Microsoft CEO Satya Nadella himself, during the course of a chat with Flipkart Group CEO Binny Bansal and Infosys co-founder Nandan Nilekani in Bengaluru on Monday.


 
Virat Kohli became the first Indian sports personality to strike a Rs 100-crore endorsement deal with a single brand, reported Times of India. Kohli signed an eight-year deal with sports apparel brand Puma worth Rs 110 crore. The Indian cricket captain is now set to join the likes of Usain Bolt, Asafa Powell and Thierry Henry, among others, as a global ambassador for the brand.

The long-term deal could potentially cover Kohli’s remaining career with the Indian team. A bulk of the endorsement deal, estimated between Rs 12 crore to 14 crore annually, is locked up in fixed payout.


 
NASA has awarded $30,000 to three winners for designing new human waste management systems that would let astronauts urinate and defecate inside their spacesuit for up to six days.

The top award of $15,000 for the Space Poop Challenge, went to Thatcher Cardon, a physician from the US, for his design of the MACES perineal access and toileting system (M-PATS).


 
A Rs 1,380 crore contact given by GST Network to Infosys to build and maintain technology network for the proposed new indirect tax system is liable to service tax, feel experts. However, ideally services given by GSTN and received by it should be exempt from service tax, they said.

The service tax department is investigating whether the contract is liable to tax. It has asked GSTN CEO Prakash Kumar to come out with all the relevant papers in this regard.


Telecom shares in focus; Bharti, Idea up 2%
Posted on 20th February 2017
 
Shares of telecom service providers were in focus with all frontline stocks like Bharti Airtel, Idea Cellular, Reliance Communications (RCom), MTNL and Tata Teleservices (Maharashtra) up between 2% and 8% on the BSE.

At 10:40 am; the S&P BSE Telecom index, the largest gainer among sectoral indices, was up 1.85% as compared to 0.15% rise in the benchmark S&P BSE Sensex.


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