The heir apparent of Hyundai Motor Group said on Wednesday he will complete a restructuring in 2019 as he moves to formally take over from his father at the helm of South Korea's second-biggest conglomerate.

Euisun Chung made the comments in his first New Year address to employees in the absence of his 80-year-old father, the clearest sign that he is now in charge of the group as it plans its first leadership transition in about two decades.

New Delhi: Engineering major Larsen & Toubro Monday said its construction arm has bagged orders worth Rs 2,084 crore in the power transmission and distribution segment.

“The power transmission and distribution business of L&T Construction has secured Engineering, Procurement and Construction (EPC) orders worth Rs 2,084 crore,” the company said in a statement.

New Delhi: State Bank of India (SBI) will permanently block debit/ATM and credit cards of its account holders, who have not upgraded from magstripe to the new EMV chip cards. As the 31 December deadline set by Reserve Bank of India (RBI) ends today, account holders with magstripe cards will be denied services at ATMs.

India vice-captain Smriti Mandhana was on Monday adjudged ‘Women’s Cricketer of the Year’ as well as the ‘Women’s ODI Player of the Year’ by the ICC.

Left-handed opener Mandhana won the Rachael Heyhoe Flint Award for the ‘Women’s Cricketer of the Year’ for scoring 669 runs in 12 ODIs along with 622 runs in 25 T20 Internationals in 2018.

State-run BHEL Monday said it has bagged an order worth Rs 3,500 crore for setting up a 660 MW supercritical thermal power plant in West Bengal. The order by West Bengal Power Development Corporation (WBPDCL) entails setting up a 660 MW Sagardighi Thermal Power Project at Manigram village in Murshidabad district of West Bengal, BHEL said in a statement.

Regulator Sebi is planning to beef up its market surveillance system as well as its tool for speedy analysis of trade data, which identifies possible violations such as insider trading, share price manipulation and front running.

In this regard, Securities and Exchange Board of India (Sebi) has invited applications from the interested companies to provide IT services for the maintenance of its integrated market surveillance system (IMSS), data warehousing and business intelligence system (DWIBS).

The recently revised standard contract agreement for national highways Centrally-sponsored road works proposed to be implemented on EPC basis could lead to a decline in the pace of new project awards in the short to medium terms, with the pending land acquisition being a primary constraint, warns a report.

In a temporary relief to Anil Ambani’s Reliance Communications Ltd (RCom), pertaining to its spectrum deal with Reliance Jio Infocomm, the two companies have decided to extend the validity of the agreements to June 2019. The deal is hung in the air as the Department of Telecommunications (DoT) has refused to clear the deal over non-payment of dues by RCom.

State-run telecom operator BSNL’s financial performance continues to deteriorate but it can take some solace in being able to improve its record on the customer management front.

The company has managed to reverse customer attrition over the last 3-4 years, which it says is due to competitive plans and tariffs.

Continuing its winning streak for a fourth straight session Monday, the BSE benchmark Sensex surged over 150 points as investors maintained their bullish stance in early trade on positive cues from other Asian bourses.

Strengthening rupee also supported the upward move in the domestic stock market, dealers said.

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