Shares of Larsen & Toubro were up 4 per cent to Rs 1,403 on the BSE on Tuesday, after the company said its power transmission & distribution business has bagged a number of engineering, procurement and construction (EPC) orders in India and abroad.

At 10:43 am; L&T was the largest gainer among the frontline benchmarks, the Nifty 50 and S&P BSE Sensex. The benchmark indices were up 1.2 per cent each. A combined 2.74 million equity shares changed hands on both the exchanges.

Shares of ICICI Bank hit a record high of Rs 388, up 3 per cent, on the National Stock Exchange (NSE) in intra-day trade on Tuesday.

The stock surpassed its previous high of Rs 383 touched on January 9, 2019 in intra-day trade. The counter has seen huge volumes with a combined 12.31 million equity shares changing hands in first hour of trading on the NSE and BSE.

Google on Tuesday celebrated 30 years of World Wide Web (WWW) with a doodle. English scientist Tim Berners-Lee invented the WWW in 1989 and wrote the first web browser in 1990.

Working at CERN, Switzerland, Berners-Lee laid out the basic concepts of the WWW in a proposal which included ideas like HTML, URL and HTTP.

Brazil on Monday thanked the global body that oversees Internet addresses for extending until April a deadline for Amazon basin nations to reach a deal with Amazon.com Inc in their seven-year battle over the .amazon domain name.

The Internet Corporation for Assigned Names and Numbers (ICANN) meeting this week in Kobe, Japan, decided to put off a decision that was expected to favour use of the domain by the world's largest online retailer.

Tata Motors Monday said it has bagged orders for over 2,500 commercial passenger transportation vehicles (CVs) from various institutional customers and it is in the process of delivering these units.

The company has bagged order for 1,045 buses from Gujarat State Roadways Transport Corporation (GSRTC) and 1,000 Winger ambulances from National Health Mission (NRHM), Uttar Pradesh, Gujarat, Himachal and Haryana.

Uday Kotak-led Kotak Mahindra Bank on Monday said that it has become the first private sector lender to join the platform — psbloansin59minutes.com — to offer loans of up to Rs 1 crore to micro, small & medium enterprises (MSME).

Kotak Mahindra Bank now joins the other public sector banks (PSBs) to offer loans to the small businesses that receive approval in less than 60 minutes.

While unemployment is one issue that the current government has been facing for long with the unemployment rate in India having risen to 7.2 per cent in February 2019 from 5.9 per cent in February 2018, (per data by Centre of Monitoring Indian Economy), a recent report suggests that there has, in fact, been a 16% jump in hiring this February compared to February 2018. The IT software industry has been the champion with it mopping up 38% of growth, a Naukri JobSpeak report said.

Insurance regulator IRDAI Monday said it has sought proposal from Life Insurance Corporation of India (LIC) for paring its shareholding in the recently acquired controlling stake in IDBI Bank.

Insurance Regulatory and Development Authority of India (IRDAI) stipulates that insurers are allowed to hold only up to 15 per cent stake in any listed entity. But LIC, with a special dispensation from IRDAI, holds more than the limit in some state-run banks.

With an aim to bolster its information-gathering mechanism and fast-track its probe, market regulator Sebi has sought direct powers to grant immunity in select cases and to impose lesser penalty if the accused agrees to provide assistance against other wrongdoers.

State-owned Punjab National Bank (PNB) has sanctioned loans worth Rs689 crore to over 1,600 Micro, Small and Medium Enterprises (MSMEs) through the psbloansin59minutes.Com portal as part of its effort to promote such industries.

Under the Mudra Yojana, the bank has offered loan to over 2.69 lakh small entrepreneurs this fiscal (till February 14, 2019).

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