Two of India's state-owned oil refiners have issued tenders seeking to charter tankers for at least five years while giving preference to Indian companies, tender documents reviewed by Reuters showed, which would boost domestic shipping firms battered by slumping tanker rates.

India's Ministry of Shipping asked the refiners to issue long-term crude import tenders on a pilot basis and include a right of first refusal for Indian shipping lines, a government source familiar with the matter said on Monday.

New Delhi: Coal India Ltd’s production and shipments in November rose to the most for the month in at least five years, as power plants procured more coal to boost inventories.

The Kolkata-based miner’s output has increased year-on-year for the past four months following a reduction in its own stockpiles and a surge in demand from power plants, its biggest customers.

DLF Ltd, India’s largest real estate developer, may bring cheer on home buyers’ faces with a new business model, which is to move from launch-driven company to selling down old inventory, even as it will Rs 11,000 crore from promoters to repay debt. “Our business model is changing with this capital infusion. We are not going to be a launch-driven company. We have on our books almost Rs 15,000 crore plus of completed inventory. The next few years our intention is to actually sell down that inventory,” Saurabh Chawla, Senior ED Finance, DLF told ET Now.

FMCG major Nestle India said on Monday that Maggi complied with the latest guidelines of food safety regulator Food Safety and Standards Authority of India (FSSAI) and it does not add any ash to its popular noodles.

District administration of Shahjahanpur, UP, had slapped a fine on Nestle India and its distributors last week after Maggi had allegedly failed to pass the lab test and found ash content above the permissible limits for human consumption.

The banking sector has the potential to touch double-digit loan growth next year as there are signs of corporate demand picking up and other credit avenues stabilising, a top official of HDFC Bank has said. After clocking just under 10 per cent growth for almost a year, credit expansion fell to under 5 per cent starting November 2016.

Since then it has been struggling to cross the double digit mark on sustained basis due to the impact of demonetisation and the implementation of GST. “The demand so far has been essentially driven by working capital and some short term loans and, may be, a little bit of brownfield capex but you have not had a meaningful private investment especially from the private sector to give a boost to corporate credit demand,” Deputy MD Paresh Sukthankar told PTI.

New Delhi: A proposal being considered by the oil ministry to privatise 11 prime fields of state-run ONGC will strip the company of its family silver and saddle India's flagship explorer with mature blocks nearing the end of their productive lives. It will also result in new prospects that will need huge investments to develop.

The proposal — inspired by case studies from Nigeria, Mexico, Iraq and Egypt — has demoralised ONGC's technical and scientific officers who have, through their association, appealed to the PM to stop the move. All serving and former executives TOI spoke to rejected these examples, saying discoveries in those countries were made by foreign companies.

Rise in retail inflation? Check. Surge in global commodity prices? Check. Improved domestic economic growth recovery? Check.

The Reserve Bank of India (RBI) has seen all its forecasts come true on the macroeconomic front.

The anticipated firming up of retail inflation as well as core inflation has played out. Consumer Price Index (CPI) inflation quickened to 3.58% in October from 3.28% in September.

The much-awaited TVS Apache RR 310 will be launched in just two days from now. The Hosur-based manufacturer has recently released a couple of teaser videos that made the enthusiasts countrywide even more excited about the bike. Now, to spice up the scene, even more, a video is doing rounds on the internet that gives a hint of the performance of the upcoming TVS flagship. In the footage, one can see a Bajaj Dominar 400 chasing a TVS Apache RR 310 test mule on an open expressway. The Apache rider had maintained a lead right from the beginning but after pushing the bike hard for a few minutes, the Dominar rider manages to get close to the former in order to get a closer look of the motorcycle. In no time, the TVS rider notices this and whacks open the throttle.

NEW DELHI: The government is said to have decided that the sale of Air India will involve its core aviation assets packaged with low-cost subsidiary Air India Express and AI-SATS, a groundhandling joint venture with Singapore Airport Terminal Services (SATS).

All non-core assets, like the Air India building in Mumbai and other offices, will not be part of the sale and become part of the special purpose vehicle (SPV), said a government official, who didn’t want to be identified.

The benchmark BSE Sensex regained the 33,000-mark by recovering almost 176 points in opening trade today on value-buying by domestic investors in recently battered stocks.

The 30-share index gained 175.53 points or 0.53 per cent higher at 33,008.47 with sectoral indices led by IT, teck and healthcare trading in the positive zone.

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