New Delhi: State-owned Oil and Natural Gas Corp’s (ONGC) natural gas production has hit an all-time high of about 70 million standard cubic meters per day as it doubles up efforts to raise domestic output to curb imports, sources privy to the development said.ONGC produced about 64 million standard cubic meters per day (mmscmd) of gas in November last year and this year the output is close to touching 70 mmscmd, sources said.

Country's second largest IT services firm Infosys on Wednesday said it would open three innovation hubs in Australia and create 1,200 jobs by 2020 in the region as the IT firm looks to increase digital offerings for its clients apart from bridging the digital skill gap in the country.

The company also said that it would absorb graduates from the Australian university to fill around 40 per cent of the 1,200 jobs that it will create in the next two years.

Next to Suneeta Reddy’s desk in the executive suite of Apollo Hospitals Enterprise Ltd. hangs an icon of Hinduism’s many-armed warrior goddess Durga, who Reddy prays to each morning. The deity’s presence seems fitting at a company run by four women engineering an aggressive expansion into new territory.

Mumbai: Yes Bank Ltd on Wednesday said its board will meet on 13 December to consider appointment of a new chairman, two independent directors to replace departing directors, and the CEO search panel’s recommendation to appoint a successor to the current MD and CEO Rana Kapoor. The bank also said that its promoters are seeking a mutual resolution to ensure better support and coordination for outstanding issues.

The BSE benchmark Sensex fell over 200 points in early trade on Wednesday following weak global cues amid fresh foreign fund outflows.

The 30-share was trading 215.44 points, or 0.61 per cent, lower at 35,259.07 points. The gauge had lost 300.37 points Tuesday.

State-owned NBCC, Cube Highways & Infrastructure, L&T Infrastructure, Kotak Investment Advisors and Suraksha Asset Reconstruction along with Lakshdeep Investments and Finance and Suraksha Realty have submitted their expression of interest for the bankrupt Jaypee Infratech (JIL). These firms have been provisionally shortlisted by the resolution professional and will subsequently be asked to submit their resolution plans.

Indian banks may get a reprieve of about Rs 13,400 crore in capital exemption, as announced by the Reserve Bank of India board on Monday. The biggest beneficiary of this would be the government, because the RBI decision would lessen the burden on it to bridge a capital shortage at several state-run banks.

Reliance Jio on Monday launched VoLTE-based inbound international roaming services between India and Japan, whereby international travellers visiting the country will be able to enjoy its high speed LTE network.

Japan-based KDDI Corporation is the first international mobile service provider to avail of Jio’s VoLTE calling and LTE data international roaming service.

Paper mills are irked at telecom service providers labelling paper as anti-green. In a communique to Trai (Telecom Regulatory Authority of India) this week, Ipma (Indian Paper Manufacturers Association) has expressed strong reservations against dubbing printed copy of telephone bill as a matter of “environmental concern.”

“Wood constitutes just 30% of the paper and the rest are agri-residue or old paper, often fully recycled.

Job creation more than doubled to 9.73 lakh in September, the highest monthly addition since September 2017, compared to 4.11 lakh in the same month last year, according to the EPFO payroll data released Tuesday.

Around 79.48 lakh new subscribers were added to social security schemes of the Employees' Provident Fund Organisation (EPFO) from September 2017 to September 2018, the data showed. This indicates that these many jobs were created in the last 13 months.

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