Miffed with the delay in approval for NTPC's 1,320 Mw power project in Odisha, Union Minister for Petroleum and Natural Gas Dharmendra Pradhan on Tuesday urged Odisha Chief Minister Naveen Patnaik to intervene for its quick approval.

Power major NTPC proposed to set up an additional state-of-the-art, latest environmental norms-compliant power station of 1,320 Mw at the existing plant in Talcher.

New Delhi: Private sector lender Yes Bank Tuesday said it has raised USD 400 million (approx Rs 2,894 crore) through syndicated loan facility, borrowed out of its IFSC Banking Unit (IBU) in Gujarat International Finance Tec City (GIFT).

The bank said this amount will be utilised to support the IBU's growing business.

The BSE benchmark Sensex on Tuesday rose 95 points, but soon turned choppy on weak global cues amid lingering global trade war concerns.

The 30-share index opened higher by 95.32 points, or 0.25 per cent, at 38,017.49. It, however, turned choppy and was trading 8 paise, or 0.02 per cent, higher at 37,930.97 at 0930hrs.

Amazon.com Inc. has filed for a series of trademarks that suggest the company is planning to roll out more clothing brands, part of its bid to become a bigger fashion destination. Over the past few weeks, the e-commerce giant has filed U.S. trademark applications for eight apparel lines, including ones aimed at outerwear and children’s gear.

ICICI Bank on Monday filed an insolvency case against Jaiprakash Associates before the Allahabad bench of the National Company Law Tribunal (NCLT), which issued notices to the latter seeking a reply by September 17 when the matter will be heard next. The company owes around Rs 1,260 crore to ICICI Bank. ICICI Bank had filed an insolvency case in the NCLT after Reserve Bank of India last month rejected its plea to make an exception in the case of JP Associates as banks had finalised a restructuring plan and also partly implemented it.

The Supreme Court Tuesday agreed to hear tomorrow a plea of ArcelorMittal seeking extension of time for payment of Rs 7,000 crore as ordered by NCLAT last week for its bid to become eligible for Essar Steel. The apex court refused urgent hearing for ArcelorMittal’s plea for payment of Rs 7,000 crore by today for its second bid to become eligible.

Once referred to the Board of Industrial and Financial Reconstruction (BIFR), Chennai Petroleum Corporation Limited (CPCL) has managed to report the profit for the second year in a row. Factors behind the turnaround include operational performance and favourable market and price conditions.

Gross Refining Margin improved to $6.42 per barrel as compared to $6.05 per barrel in the previous financial year.

Microsoft has partnered SRL Diagnostics, one of India’s leading pathology labs, to train its artificial intelligence (AI) system in detecting cancer.

The tech giant plans to teach its AI to find the traits of cancerous cells that trained pathologists do manually by looking at a slice of the patient’s tissue on a glass slide. SRL’s bank of more than one million such slides from past diagnosis will be used as the training material for the AI.

At a time when the government wants financial data to be stored in India, search giant Google has sought more time to comply with the mandate of the Reserve Bank of India (RBI) for its payments service.

Sources said Google Chief Executive Officer Sundar Pichai had told IT Minister Ravi Shankar Prasad that Google Pay would comply with all the regulations related to digital payments services.

The rupee Tuesday opened on a positive note by inching 15 paise higher at 72.30 against the US dollar amid increased selling by banks and exporters.

Besides, dollar's weakness against some currencies overseas including the euro also supported the rupee, dealers said.

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