The National Highways Authority of India (NHAI) is in dire need of funds for expanding the road network. Towards this end, the nodal government agency has put the fourth bundle of toll projects on the block, inviting bids under the TOT (toll-operate-transfer) model.

However, here’s why analysts and industry experts are sceptical about garnering any premium bids for this bundle.

Mumbai: Saudi Aramco, Rosneft, Kuwait Petroleum, ExxonMobil, Shell, Total SA and Abu Dhabi National Oil Co. are among companies that have had conversations with the government on asset sales and are likely to bid for the government’s stake in Bharat Petroleum Corp. Ltd, two people aware of the matter said.

The government is planning to invite preliminary bids for 100% stake sale in Air India next month and already some entities have expressed interest in the national carrier, sources said.

The airline is sitting on a debt pile of around ₹58,000 crore, besides huge accumulated losses running into thousands of crores.

The Pakistan military has rejected as “false” the Indian Army’s assertion that it targeted at least three terror camps in PoK and said India is welcome to take any foreign diplomat or media to the site to “prove” its claim on ground.

Indian Army chief General Bipin Rawat said on Sunday that six to ten Pakistan Army personnel were killed and three terror camps destroyed in a retaliatory action by the Indian Army opposite the Tangdhar and Keran sectors in Jammu and Kashmir.

Reliance Jio has alleged that the move to review the interconnection charges by regulator Trai is not only arbitrary, unwarranted and anti-poor but it will also adversely affect investor’s confidence and sabotage Prime Minister’s vision for Digital India. The latest entrant in telecom space also said that the move protects vested interests of some old operators. “It is unfortunate that instead of profiting the poor and marginalised sections of Indian society, the Consultation Paper has chosen to help profiteers in the telecom business,”

Two bank unions have threatened a 24-hour strike against the recently announced bank mergers and banking activities are likely to get hit on Tuesday, 22 October. The banks will be protesting against falling deposit rates and outsourcing of jobs, news agency IANS reported. All India Bank Employees’ Association (AIBEA) and Bank Employees Federation of India (BEFI) have notified that they will be on a strike from 6 am on October 22 to 6 am on October 23.

Union Finance Minister Nirmala Sitharaman on Sunday said negotiations between India and the United States on a trade deal are going on in "full speed" and expressed hope that it will conclude soon.

The negotiations came up during a discussion between Sitharaman and US Treasury Secretary Steven Mnuchin at the IMF headquarters. Mnuchin is scheduled to visit India next month.

The International Monetary Fund (IMF) on Friday supported India's decision to cut corporate income tax, saying that it has a positive impact on investment.

It, however, advised India to address the continued fiscal consolidation and secure long-term stability of the fiscal conditions.

Subdued loan growth and flat net interest margin (NIM) could dull the September quarter earnings of Axis Bank, which is slated to report its September quarter earnings for the financial year 2019-20 (Q2FY20) on Monday, October 21.

Analysts, however, seem to be divided on the growth in net profit due to ambiguity over whether the bank would provide a one-time mark-down in its deferred tax asset (DTA) or would the mark-down be spread evenly over the financial year.

Equity market witnessed sixth consecutive session of gains with benchmark indices Sensex and Nifty-50 gaining over 0.6 per cent on positive global and domestic cues after Brexit deal and the Central government planning more PSU divestments to bridge the fiscal deficit gap.

Sensex gained 246.32 points or 0.63 per cent closing at 39,298.38 while the broader Nifty-50 gained 75.50 points or 0.65 per cent to close at 11,661.85.

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.