Public sector bank Bank of Baroda, has signed a principal sponsorship contract with badminton Olympians P V Sindhu and K Srikanth. The three year deal with the two players was agreed in principle before they represented and made India proud on the International stage at the Rio 2016 Olympics.

In 2005, the bank had appointed right hand batsman Rahul Dravid as its brand ambassador, though that contract has long since expired.

PNB Housing Finance has received capital markets regulator Sebi's go ahead to raise Rs 2,500 crore through an initial public offering.

The leading housing finance firm filed IPO papers with Sebi in July. The markets regulator issued its final 'observations' on October 6 on the draft offer documents, which is necessary for any company to launch the public offer.

Infosys was trading higher by 2.4% at Rs 1,054, while Tata Consultancy Services (TCS) was down 2.3% at Rs 2,326 on the BSE, ahead of their July- September (Q2F17) earnings. The S&P BSE Sensex was down 1.7% or 487 points at 27,594.

TCS is scheduled to announce its Q217 results on Thursday, October 13, 2016, after market hours. Infosys will announce the results for its second quarter ended September 30, 2016 on Friday, October 14, 2016 around 8.45 a.m.

Supporting India's right to self-defence in the aftermath of the Uri attack which it dubbed a clear case of cross-border terrorism, the US on Thursday dismissed the recent attempt by Pakistan to link peace in war-torn Afghanistan with resolution of the Kashmir issue.

The White House backed India's right to defend itself as with any other country, in view of the recent surgical strike but advised caution given the heavy militarisation between the two neighbours.

Aiming to reduce travel time significantly, the Indian Railways will ink a pact with Germany for running high-speed trains in the country.

Accompanied by a high-ranking delegation, German Minister for Transport and Digital Infrastructure, Alexander Dobrindt would be meeting Railway Minister Suresh Prabhu.

Mortgage lender HDFC on Thursday said it will raise up to Rs 500 crore through rupee-denominated bonds from overseas investors.

Pursuant to the approval of the Board of Directors of the corporation at its meetings held previously, the corporation is contemplating, subject to market conditions, undertaking the fourth issuance of Rupee Denominated Bonds to overseas investors...Issue size will be up to Rs 500 crore, HDFC said in a regulatory filing to stock exchanges.

Bharat Petroleum Corp Ltd (BPCL) plans to spend $6.75 billion through 2022 to raise refining capacity by 62 per cent to meet rising fuel demand in the world's fastest growing major economy, a company official said.

India is replacing China as the driver of global oil demand growth as its economy expands and a rising middle class buys motor vehicles. The International Energy Agency expects India to account for a quarter of global energy use by 2040.

Bengaluru: After its record Big Billion Days sale, e-commerce giant Flipkart will face stiffer competition from arch-rival Amazon India, which has lined up more sale events in this month to keep up the interest it saw from shoppers in the first week of its own sale event.

Amazon will hold at least two more sale events following the first leg of its Great Indian Festival event that ended last week, two people familiar with the matter said on condition of anonymity.

Tata Motors today reported 5.35 per cent increase in global sales at 1,02,289 units, including that of Jaguar Land Rover (JLR) vehicles, for September.

It had sold 97,102 units in September 2015, Tata Motors said in a BSE filing.

State-run BHEL today said it has commissioned yet another 660 Mw coal-based supercritical thermal power unit in Uttar Pradesh.

"Notably, in the past 15 months, BHEL has added 4,300 Mw of power generation capacity in the state of Uttar Pradesh. The commissioning of the unit will result in significant improvement of electricity availability in the state of Uttar Pradesh," the company said in a statement.

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