SBI Life Insurance Company reported a net profit of `129.84 crore for the three month ended September, a fall of 48.17% compared to `250.53 crore in September quarter last year. Even for the first six months of the current financial year, SBI Life Insurance reported a net profit of `501.75 crore, down 17% compared to `604.84 crore in the first six months of FY19.

Maruti Suzuki India Ltd (MSIL) said on Tuesday that it invested over Rs 154 crore towards its corporate social responsibility (CSR) initiatives during the financial year 2018-19.

The efforts were focused on community development, road safety, and skill development. These are aligned with the United Nations Sustainable Development Goals (SDGs) corresponding to good health and well-being,

India wants to comply with global sanctions, including US sanctions on Venezuela and Russia, but also needs to maintain its own strength and strategic interests, Finance Minister Nirmala Sitharaman said in an interview on Tuesday.

The United States in January imposed the toughest sanctions yet on Venezuela's oil industry.

Global energy major ExxonMobil and state-run Oil and Natural Gas Corporation (ONGC) have tied up for oil exploration in India. The two companies will jointly bid for the upcoming Open Acreage Licensing Policy rounds.

The two oil majors signed a memorandum of understanding (MoU) on Tuesday. This will enable them to to “undertake joint technical studies and cooperate in frontier areas like deepwater and other Petroleum Exploration Licence (PEL) blocks of ONGC in the East and West coast and open acreages for joint bidding”.

Tata Sons, the Indian conglomerate that owns Jaguar Land Rover, said it is open to finding partners for the automaker but isn’t planning on selling the embattled unit.

“We’re not going to sell,” said Natarajan Chandrasekaran, chairman of Tata Sons, the holding company in an expansive business empire that includes Tata Motors Ltd. “Auto is a core business for us. From revenue terms, auto is our largest company.”

Terming TRAI’s review of call connect charges “retrograde”, Reliance Jio has said the regulator’s consultation paper is neither warranted nor sustainable and that retention of such charges will harm subscribers and punish efficient operators. Jio alleged that any deferment of sunset clause for inter-operator termination charges will end up rewarding “designed defaulters” who have deliberately stayed away from new and efficient technologies.

The Modi government’s plan to privatise BPCL hasn’t received an enthusiastic response from prospective buyers. News reports suggest that Mukesh Ambani-led Reliance Industries is unlikely to bid for India’s second largest fuel retailer. Apart from the UK-based BP that gave a measured response to the sale offer, no international oil company has expressed interest in buying BPCL after a group of secretaries approved the sale of the government’s 53.29 per cent stake last month.

Air India on Tuesday became the first airline in the world to use a Taxibot on a A320 aircraft with passengers onboard.

Taxibot is a robot-used aircraft tractor for taxiing an aircraft from parking bay to runway and vice versa.

Coal India subsidiary Central Coalfields has taken charge of the Bermo mines in Jharkhand from Damodar Valley Corporation. The captive mine has remained idle for over two years on account of a lack of mining expertise, resources, and absence of clearances and other technicalities.

DVC had taken over the mine from Indian Railways in 1951 for its captive use for its Bokaro and Chandrapura units.

New Delhi: State Bank of India on Monday re-entered the elite club of top-10 most valued domestic firms by market valuation after a gap of two weeks.

The bank had on October 1 lost its spot to Bajaj Finance in the coveted club of top-10 most valued domestic companies.

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