Reliance Industries along with BP have bid for an exploration acreage for the first time in their eight-year partnership under the government’s open acreage licensing policy for oil and gas that has put 32 blocks up for auction.

Reliance-BP has made an offer for one block in the Krishna-Godavari basin. The block had been demarcated by BP earlier.

New Delhi: After facing cash crunch for some months, state-run Bharat Sanchar Nigam Limited (BSNL) is expecting normalcy in cash flows in the second quarter (July-September) of FY20, according to the BSNL Director (Finance) who blamed the "predatory pricing" for the current crisis in the sector and in the BSNL.

The benchmark BSE Sensex jumped over 200 points and the NSE Nifty reclaimed the 11,300 level in early trade Friday amid value-buying in banking, IT and metal stocks.

The 30-share index was trading 201.24 points, or 0.54 per cent, higher at 37,594.72. The broader NSE Nifty was also trading 57.20 points, or 0.51 per cent, up at 11,314.30.

Air India chief, Ashwani Lohani, has instructed the airline’s leadership team to “come down heavily” on instances of sexual harassment in the company which were being reported “often.”

The order from the airline’s Chairman and Managing Director follows a complaint from a woman pilot about a senior pilot and instructor about an incident on May 5 in Hyderabad.

Punjab National Bank (PNB) on Thursday said it has terminated the share purchase agreements (SPAs) made with Varde Holdings and General Atlantic for a 13% stake sale in PNB Housing Finance, which was announced on March 29.

According to latest shareholding pattern on the BSE, PNB holds a 32.79% stake in the housing finance firm. Had the deal gone through, PNB’s stake would have reduced by 13% to 19.79%.

Infosys’ board on Thursday proposed granting equity shares worth Rs 10 crore to Chief Executive Officer Salil Parekh as part of a new stock incentive plan aimed at retaining talent.

Chief Operating Officer and Whole-time Director UB Pravin Rao will get shares worth Rs 4 crore. In all, 50 million shares will be allocated to employees, subject to shareholders’ approval, under the initiative called ‘Infosys Expanded Stock Ownership Program 2019’.

The trader’ bodies in Tamil Nadu are again planning to boycott Pepsi and Coca-Cola, asking its members to replace them with local drinks and packaged products. They had earlier announced a boycott against these multinational companies (MNCs) in 2017. But the MNCs overcame that and continued to sell their products throughout the state.

YES Bank retracted the performance bonus of Rs 1.44 crore of former Managing Director and Chief Executive Officer Rana Kapoor, whose term was cut short by the Reserve Bank of India (RBI) in October last year.

“The board of directors of the bank had considered and approved clawback of 100 per cent of the performance bonus paid to Mr. Rana Kapoor for FY 2014-15 (FY15) and FY16, net of taxes.

The rupee on Friday opened 23 paise lower at 70.26 against the US dollar on Friday amid rise in crude oil prices. The domestic currency on Thursday surged by 31 paise to close at 70.03.

"Indian rupee strengthened for third session against US dollar. Even after surge in crude oil prices and foreign fund outflow in equity cash segment, rupee manages to gain," said V K Sharma, Head PCG and Capital Markets Strategy, HDFC Securities.

Bajaj Auto is set to announce its earnings for the quarter ended March 2019 (Q4FY19) on Friday. Analysts expect an impressive 14 per cent increase in volume triggered by the aggressive stance Bajaj Auto has adopted to gain market share in the entry motorcycle segment and new launches. However, the same strategy, coupled with adverse product mix, may hit its topline growth and margin.

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