Shares of Oil and Natural Gas Corporation (ONGC) and Oil India were trading higher by up to 4% on BSE in otherwise subdued market on rising crude oil prices as demand outlook brightens.

ONGC rallied 4.4% to Rs 166, while OIL India gained 2% at Rs 325 on BSE in intra-day trade on Friday. So far in the calendar year 2017, ONGC (down 17%) and Oil India (down 6%) had underperformed the Sensex, which gained 21% till Thursday.

India's third largest software services firm Wipro today said it has bagged a seven-year contract from European energy company, innogy SE.

The financial details of the contract, which will see Wipro managing the data centre and cloud services for innogy SE, were not disclosed.

Coal India has planned to enter the metallurgical mining sector and has narrowed down on iron, copper, bauxite and nickel as the primary metals.

While a blueprint is being worked out, Chairman Gopal Singh has said that metal mining won’t hamper the targeted coal production of one billion tonne by 2020.

Warning that any move to lower the inter-connect usage charges (IUCs) would turn the entire telecom industry sick barring Reliance Jio, Aditya Birla Group-owned Idea Cellular on Thursday urged the Telecom Regulatory Authority of India (Trai) to put industry call minutes into two buckets for a “correct” assessment of costs and then decide on the merits of reducing IUCs.

In a written communication to the telecom regulator, Idea Cellular’s managing director, Himanshu Kapania, said the Trai should bifurcate current industry minutes into those terminating on the voice over long-term evolution (VoLTE) networks used by Jio, and other networks like 2G/3G and 4G used by Idea, Vodafone and Bharti Airtel.

Suzuki Motor, the Japanese parent of India's largest passenger vehicles maker Maruti Suzuki India Ltd (MSIL), is gearing up to produce affordable electric vehicles for the Indian market.

The ball was set in motion by starting work on a Rs 1,151 crore lithium ion battery-manufacturing unit in the Suzuki Motor Gujarat Suppliers Park in Hansalpur.

After the successful launch of the Fashion Studios in New York and London, Amazon launched the largest standalone Fashion Imaging Studio, Blink in India in Gurgaon.

Spread over 44,000 sq. ft. with state-of-the-art digital imaging facility, the studio is first of its kind in India and only third of its kind globally by Amazon, said a statement.

IT firm HCL Infosystems on Thursday said its Group Chief Financial Officer S G Murali has resigned from the company.

The company said Deputy CFO Kapil Kapur has been given the charge of CFO post to ensure smooth transition of duties.

S G Murali, Group Chief Financial Officer has informed the company about his decision to relinquish the said position effective September 15, 2017 to pursue new career opportunities, HCL Infosystems said in a BSE filing.

Google plans to introduce a localised digital payment service in India as early as next week, technology website TechCrunch reported, citing a report from news site The Ken.

The payment service, called Google 'Tez', will offer payment options beyond the existing ones like Google Wallet or Android Pay, the report said.

Bharat Heavy Electricals Limited (BHEL) has moved higher by 10% to Rs 146 on the back of heavy volumes after Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe on Thursday laid foundation stone for India's first bullet train between Ahmedabad and Mumbai.

Till 11:00 AM; a combined 23.1 million equity shares changed hands against an average 3.2 million shares were traded daily in past two weeks on BSE and NSE.

National passenger carrier Air India has invited bids from banks for Rs 3,250 crore government guarantee backed Short Term Loans (STLs).

The airline has called for financial bids by September 19.

Air India is looking for Government Guarantee backed INR STLs totaling upto Rs 3,250 crore in the first phase to meet its urgent working capital requirements by 25th Sept 2017, the airline said in a tender document which was released on Wednesday.

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