The state-owned BHEL today said that it has bagged a major order from Indian Railways for supply of IGBT-based traction converters.

"Bharat Heavy Electricals Ltd (BHEL) has bagged a major order for supply of 118 sets of IGBT-based traction converters for 3 Phase 6,000 HP electric locomotives," the company said in a statement.

Telecom major Vodafone on Friday told the Delhi High Court that the Telecom Regulatory Authority of India's recommendation to the Centre to impose Rs 1050 crore penalty on it for not giving interconnectivity to Reliance Jio was an "arbitrary" decision.

TRAI has recommended imposition of a fine of Rs 50 crore for each of the 21 circles of Vodafone, except in Jammu and Kashmir, coming to a total of Rs 1050 crore.

Mumbai, Dec. 15: Sebi chairman U.K. Sinha today defended the current regulations on independent directors and said there was no urgency to review them.

Sinha's comments come at a time the spat between the Tatas and Cyrus Mistry has put the spotlight on independent directors.

Yahoo shares tumbled 6% on Thursday as investors feared that the latest Yahoo hack could spell bad news for its sale to Verizon.

This is the second major hack revelation in recent months and there’s speculation that Verizon could be spooked. Some are wondering if Verizon will ask for a discount on the $4.8 billion dollar deal or scrap it altogether.

New Delhi: The PSU oil companies have deferred a planned Rs2.26 a litre hike in petrol and Rs1.78 increase in diesel.

Indian Oil Corporation (IOC), Bharat Petroleum Corp (BPCL) and Hindustan Petroleum Corp (HPCL) revise rates, particularly when a price cut is necessitated, on 1st and 16th of every month based on average international price in the previous fortnight. But an increase that was warranted because of a rise in international gasoline (petrol) price to $62.82 per barrel from $57.43 and that of diesel to $60.97 from $56.79 was deferred on Friday.

New Delhi: In August, consumer and commercial banking arm of US-based JPMorgan Chase and Co. teamed up with digital car-buying service TrueCar to launch Chase Auto Direct to woo millennials by putting the whole car buying process—from selection to finance to booking—online. The service is limited to some states in the US.

In India, the country’s largest auto-maker Maruti Suzuki India Ltd is set to offer a similar kind of experience with its latest car Ignis which is slated to be launched on 13 January. Consumers can book Ignis online through its website nexaexperience.com.

Benchmark indices continue to trade in a narrow range with negative bias weighed down by metal and oil shares.

At 12:15 pm, the Nifty 50 index was trading 14 points lower at 8,140 levels, while the S&P BSE Sensex as trading 26 points lower at 26,493 levels. Broader markets are underperforming- BSE Midcap and Smallcap indices are down 0.1%-0.4%.

Ashok Leyland Ltd, the country's second-largest commercial vehicle manufacturer, is expecting the fourth quarter to see good growth numbers while the current quarter growth could be tepid, owing to the government's demonetisation move and other issues, according to a senior management official.

The demonetisation impact will go off and the Euro IV pre-buy is expected to start in the fourth quarter, which would help good growth, said Gopal Mahadevan, chief financial officer of Ashok Leyland. He was speaking on the sidelines of the Tamil Nadu Finance Conclave organised by Confederation of Indian Industry (CII).

Bajaj Auto on Thursday launched its latest sports bike Dominar 400 priced up to Rs 1.5 lakh (ex-showroom Delhi) as it looks to challenge segment leader Royal Enfield in the Rs 1-2 lakh category.

The Dominar 400, powered by a 373cc engine will be available with ABS and disc brake versions which are priced at Rs 1.5 lakh and Rs 1.36 lakh, respectively.

Oil and Natural Gas Corporation (ONGC) has moved higher by 2.4% to Rs 209 in late noon deal, bouncing back nearly 4% from intra-day low on the BSE, in otherwise volatile market. The stock hit a low of Rs 201 in early morning trade.

ONGC turned today ex-bonus in the ratio of 1:2. The stock price factored in the issuance of bonus shares to the existing investors.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.