The government is looking into state-owned Bharat Petroleum Corp Ltd's (BPCL) investments in a gas block in Mozambique and has not yet formally given its approval to the firm for further spendings, sources said.

Bharat PetroResources Ltd (BPRL), an exploration and production subsidiary of BPCL, had in August 2008 bought a 10 per cent stake in Area-1 Offshore of the Rovuma Block from the US energy major Anadarko Petroleum Corp for $75 million.

A $1 billion deal to build Amazon data centres in Saudi Arabia appears to have stalled, following the death of journalist Jamal Khashoggi, The Washington Post reported.

After Khashoggi's killing in Istanbul last year, Amazon CEO Jeff Bezos, who also owns The Post, became the target of waves of criticism from Saudi-based online trolls, said the report on Sunday.

Coal India plans to bring 65 per cent of its production under mechanised transportation by 2023-24, with piped conveyor belts replacing existing road transportation at its large mines.

The move, according to the miner, will help to load coal faster, reduce air pollution and, more importantly, prevent pilferage and maintain quality.

NEW DELHI : Beating the slowdown in the auto industry, luxury automobile manufacturer Mercedes-Benz India delivered more than 600 cars last week during Dhanteras. Of the 600 cars, almost half of them were sold in the Delhi-NCR region alone. The rest of the demand came from Punjab, Mumbai, Pune, Kolkata and Gujarat, the automaker said.

The leading stock market bourses –the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) are closed for trading today, October 28, 2019, on account of Diwali Balipratipada. Wholesale commodity markets, including metal and bullion, will also remain shut on the occasion. There will be no trading activity on forex and commodity futures markets to observe the occasion. Muhurat trading for this year has ended with headline indices posting gains. Sensex closed 192 points higher to 39,250, while Nifty closed at 11,627, after surging 43 points.

Pakistan has once again denied India the permission for access of its airspace for Prime Minister Narendra Modi's flight to Saudi Arabia, ahead of his upcoming visit to the middle-eastern nation. Pakistan Foreign Minister Shah Mahmood Qureshi said in a statement that Pakistan will not allow PM Modi to use the country's airspace, adding that the Indian High Commissioner in Islamabad has been informed about this decision in written form.

United States (US) President Donald Trump today confirmed before the media that Abu Bakr al-Baghdadi, the leader of the Islamic State, has been killed in a US military operation in Syria. Trump said that Baghdadi was the leader of the most ruthless and violent terror organisation anywhere in the world and he was killed in an operation carried out by American forces.

Reliance Industries, controlled by Asia’s richest man Mukesh Ambani, will set up a holding company on the lines of Alibaba Group Holdings and Alphabet that will create digital services and allow for a strategic or financial investor.

Reliance Industries, controlled by Asia’s richest man Mukesh Ambani, will set up a holding company on the lines of Alibaba Group Holdings and Alphabet that will create digital services and allow for a strategic or financial investor.

The Telecom Regulatory Authority of India (Trai) has recommended administrative allocation of 5 MHz spectrum in the premium 700 MHz band to Indian Railways for its captive use to offer public safety and security services. The authority though said that spectrum charges may be levied on the railways as per the Department of Telecommunications (DoT) formula prescribed for captive use.

Private sector lender ICICI Bank on Saturday posted a 6.09 per cent decline in consolidated net profit for the September quarter at Rs 1,131.20 crore.

It had reported a net profit of Rs 1,204.62 crore for the July-September period a year ago.

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