The government has formed an advisory panel that would decide the valuation for Oil and Natural Gas Corporation (ONGC) buying the 51 per cent stake in Hindustan Petroleum Corporation (HPCL), said its Chairman and Managing Director M K Surana.

Union Finance Minister Arun Jaitley is heading the three-member ministerial panel to oversee and expedite the sale of the government stake.

Indian markets ended little changed after a volatile trading session on Friday, as global markets weakened amid elevated military tensions over a new missile launch by North Korea.

The BSE Sensex closed up 30.68 points, or 0.1%, at 32,272.61 points and the National Stock Exchange’s Nifty edged down 1.20 points, or 0.01%, to close at 10,085.40.

Mahindra & Mahindra has confirmed to Autocarindia.com that it will launch the new SsangYong Rexton in the country by the second month of next year. We also reported in March this year that SsangYong revealed the official sketches of the 2018 Rexton then unveiled the new SUV at the 2017 Seoul Motor Show. The new SsangYong Rexton is based on the LIV-2 Concept showcased at the 2017 Paris Motor show and will be lighter than the predecessor model. The all-new G4 SsangYong Rexton will be locally manufactured in that will include welding parts and paint jobs.

The government will soon start linking driving licences with Aadhaar cards, Electronics and IT Minister Ravi Shankar Prasad said on Friday. "It would be done soon to check the menace of multiple licensing," he said while inaugurating the Haryana Digital Summit-2017.

"I have already had a word with Minister for Road Transport and Highways Nitin Gadkari, and the process to link the two would be set in motion soon," he added.

New Delhi: NTPC Ltd., India’s biggest electricity producer, has boosted natural gas-fired generation as a drop in hydropower, nuclear and wind energy increases demand for thermal power, according to company officials with knowledge of the situation.

Plant utilization at NTPC’s gas-fired stations has almost tripled to 60% in the past three to four days, said the officials, who asked not to be identified, citing company policy. That compares with an average plant utilization of about 24% for NTPC’s gas-fired stations in the three months ended June, when summer demand peaks.

Kolkata: Country’s largest lender State Bank of India (SBI), reeling under huge stressed assets like other banks, is hopeful that going forward it would be able to control fresh slippages.

“Going forward, fresh slippages will be under control. Specifically from September onwards, things will become better,” MD (national banking group) of SBI Rajnish Kumar said.

Olympic silver-medallist P.V. Sindhu defeated China’s He Bingjiao in the semifinals to set up a mouth-watering summit clash with world champion Nozomi Okuhara of Japan at the Korea Open Super Series, in Seoul on Saturday.

The 22-year-old Indian had come into the match with a 3-5 head-to-head record, having lost to the Chinese at the Asia Badminton Championship this year.

Air India on Saturday launched the first non-stop flight service between India and Denmark.

The national carrier will fly non-stop from Delhi to Denmark's capital Copenhagen — its 44th international destination.

The number of private sector projects to which banks and financial institutions (FIs) sanctioned loans rose 58% year-on-year (y-o-y) in FY17, according to the Reserve Bank of India (RBI). In a report released as part of its monthly bulletin for September 2017, the central bank said 547 projects with a total cost of Rs 1.83 lakh crore were sanctioned financial assistance by banks and FIs in FY17, as against 346 projects worth Rs 91,800 crore in FY16.

Maruti Suzuki expects to better its FY17 performance further in the current fiscal by selling more than 300,000 units from Nexa, thus upping the premium showroom’s total share in the company’s overall sales volume to 20%. In FY17, Maruti achieved 15% of its total sales in volume terms from Nexa, three years ahead of schedule. According to sector analysts at the end of the current fiscal, the contribution of high-end vehicles, which are retailed through Nexa showrooms, may be around 30-33% in value terms. In FY17, Nexa’s contribution to the company’s topline was around 25%.

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