An arbitration tribunal has been constituted to resolve the dispute between Reliance Industries (RIL)-BP and Canadian firm Niko Resources over payment defaults related to field development cost by the latter for its 10% participating interest (PI) in the KG-D6 gas block. The tribunal will soon start the proceedings, RIL said in its annual report for 2018-19.

The U.S.-China trade war and the growth of American oil supply will keep crude prices in check, notwithstanding Middle East tensions, according to the head of one of India’s biggest refiners. Brent crude will likely remain in a range of $60 to $70 a barrel and could fall toward $60 if demand worsens, said Mukesh Kumar Surana, the chairman and managing director of Hindustan Petroleum Corp. The global benchmark was trading at around $63 a barrel on Monday.

Wipro’s weak start to the year will lead to another year of mid-single digit growth. Financial services, the principal growth driver, may hit an air pocket. Rest of the verticals have not displayed enough muscle to paper over the gap that financial services can potentially create. Net result is a high chance that FY2020E growth could be similar or lower than FY2019 growth. We cut revenue growth estimates and retain our cautious view. Fair value is cut to Rs 260 (from Rs 270 earlier).

Markets regulator Sebi has announced uniformity in reporting of violations related to Code of Conduct under Sebi (Prohibition of Insider Trading) Regulations, 2015. Market regulator stated that it has been receiving various references from listed companies regarding the violations related to the code of conduct.

Mohammad Tariq and Mohammad Shabbir, brothers of slain Army rifleman, Aurangzeb on Monday joined the Indian Army during the enrolment parade of 100 new recruits here.

"After our training, we will fight against terrorism and will take revenge for our martyred brother Aurengzeb. Today we feel proud on joining the Indian army and are proud of our country," Tariq told reporters here.

A total of 76 vacancies for the post of Specialist Cadre Officers (SCO) has been announced for appointment by the State Bank of India (SBI) on their job portal, inviting online applications at their portal.

Interested candidates can apply for the job vacancies at the State Bank of India's career portal -- bank.sbi/careers.

Shares of TVS Motor Company hit an over two-year low of Rs 361, down 5 per cent in Tuesday's early morning trade on the BSE after reporting a 3 per cent decline in net profit at Rs 142 crore for the first quarter of fiscal 2020 (Q1FY20), on muted volume, and higher depreciation, interest cost and tax rate.

The stock hit its lowest level since January 3, 2017.

The domestic equity markets continued to reel from selling pressure with the benchmark Sensex extending its three-day sell-off to nearly 1,200 points, or over 3 per cent. Financial stocks led the declines after Reserve Bank of India (RBI) Governor Shaktikanta Das said he was closely monitoring non-banking financial companies (NBFCs) for signs of contagion and sees “signs of fragility” in some lenders.

The Indian Space Research Organisation (ISRO) got more than what it bargained for on Monday, after the Chandrayaan-2 mission lifted off successfully at 2.43 p.m. from the Satish Dhawan Space Centre, SHAR, on its second attempt to place the satellite at an orbit 6,000 km more than what was intended.

The Supreme Court Monday put on hold the sale of Essar Steel to ArcelorMittal as it agreed to hear the appeal filed by financial lenders against the NCLAT order, saying it would like to settle the issue “once and for all”. A bench of Justices R F Nariman and Surya Kant said the monitoring committee will continue its work till the case is heard on August 7.

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