The merger of two Oil and Natural Gas Corporation (ONGC) subsidiaries — Mangalore Refineries and Petrochemicals (MRPL) and Hindustan Petroleum Corporation (HPCL) — is unlikely to happen in FY19.

A source close to the development said, “At this pace, the deal is unlikely to happen in FY19. Neither the MRPL board has taken up the proposal nor a consultant has been appointed in this regard."

Paytm Travel, the online travel booking business of payment wallet Paytm, is bracing to overtake Nasdaq-listed MakeMyTrip in online bus and flight ticket bookings in FY20. The company sold 38 million rail, bus and flight tickets in FY18 with threefold growth over FY17 and is aiming to close the current year with sale of over 70 million tickets.

The Securities and Exchange Board of India (Sebi) is working on improving its analytical capabilities.

The move is to aid surveillance and other functions, according to Chairman Ajay Tyagi.

Shares of public sector undertaking (PSU) banks continued their upward journey with Nifty PSU Bank index hitting a four-month high on Tuesday on the expectation of decline in bad loans.

Nifty PSU Bank index, the largest sectoral gainer, was up 2.6% at 3,192 levels, trading at its highest level since September 6, 2018, on the National Stock Exchange (NSE). In comparison, the Nifty Bank and Nifty Private Bank index were up 0.6% each, while the benchmark Nifty 50 index was up 0.32% at 02:19 pm.

Shares of ICICI Bank hit a record high of Rs 375.40 apiece on BSE, up 2 per cent in the intra-day trade on Tuesday.

The stock surpassed its previous high of Rs 375.25 touched on November 16, 2018, in an otherwise subdued market today.

New Delhi: Shares of Tata Motors Ltd rose nearly 3% on Tuesday after the company’s UK subsidiary Jaguar Land Rover Plc reported 16.23% increase in its sales in India in 2018.

Tata Motors shares gained 2.34% to ₹179.35 apiece on the BSE after surging 2.99% to ₹180.50 intraday. On the NSE, the stock closed 2.62% higher at ₹179.95.

TVS Motor Company Chairman Venu Srinivasan has said that the Goods and Services Tax (GST) rates for two-wheelers should be reconsidered, especially at a time when the new safety norms and fuel norms are expected to increase the prices of such vehicles.

Rising urbanisation, increasing purchasing power and the enhanced need for connectivity particularly in mid-sized and smaller cities across India, have fuelled the two-wheeler revolution for personal mobility.

Public sector energy generation major NTPC Limited has planned to invest almost Rs 10,300 crore in Greenfield power plants in Uttar Pradesh.

These plants include a proposed 1,600 megawatt (Mw) (2x800) thermal power project at Shaktinagar (Singrauli) in Sonebhadra district of UP. This project is estimated to entail investment of Rs 9,000 crore, NTPC Regional Executive Director (North) Kamlesh Kumar Singh has said.

The Narendra Modi-led central government is seeking at least Rs 23,100 crore in interim dividend from the Reserve Bank of India (RBI) before March 31, as it looks to meet an increasingly difficult fiscal deficit target of 3.3 per cent of the gross domestic product (GDP) for 2018-19 (FY19).

Bengaluru: Another top-level executive of India's second largest software services company, Infosys has tendered his resignation after close to a two decade-long stint.

Sudip Singh, the global head of the energy, utilities, resources and services unit of Infosys has quit the company.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.