The Indian Space Research Organisation (ISRO) will launch the rocket GSLV-F05 carrying an advanced weather satellite INSAT-3DR on Thursday at 4.10 p.m. from the second launch pad of the Satish Dhawan Space Centre at Sriharikota.

The countdown for the launch of INSAT-3DR on-board commenced at 11.10 hours on Wednesday, the space agency said. Earlier, the Mission Readiness Review committee and Launch Authorisation Board cleared the countdown.

YES Bank flagged off a Qualified Institutional Placement issue of new shares, to raise up to $1 billion (Rs 6,600 crore), with the aim of supporting its growth for the next three years.

The price band for the shares, to be placed with institutional investors, is Rs 1,350-1,410 each. The face value of each share is Rs 10.

State-run Oil and Natural Gas Corporation (ONGC) has posted a 21.1 per cent decline in net profit for the June quarter to Rs 4,233 crore against Rs 5,368 crore in the year-ago period, owing to a drop in production.

Gross revenue also dipped 21.4 per cent to Rs 17,784 crore against Rs 22,628 crore during the period of the previous year. Due to a dip in international prices, no discount was given by the company to oil marketing companies for the quarter, while it was Rs 1,096 crore during the same period a year ago.

German luxury carmaker Mercedes- Benz today launched the petrol version of its premium SUV 'GLS 400 4MATIC' priced at Rs 82.90 lakh (ex-showroom Delhi).

With the launch of the new vehicle, the company said it has completed offering petrol option along with diesel variants for all the models that it sells in India.

Diversified group GMR on Wednesday said it plans to spend $700 million on airport projects in Cebu, the Philippines and Goa in a little over three years.

Currently, GMR is operating airports in the national capital, Hyderabad and Cebu under different public private partnerships.

Mumbai: To beat competition from its own peers and private players, state-run Hindustan Petroleum Corp. Ltd (HPCL) has decided to experiment with dynamic fuel pricing at its fuel retail outlets, said two senior HPCL officials, on the condition of anonymity.

Currently, HPCL has launched dynamic pricing at a few of its retail outlets on a pilot basis, to be extended to other outlets across the country at a later stage.

The National Highways Authority of India (NHAI) today said it has awarded a Rs 820 crore highway project in Rajasthan to PNC Infratech.

“NHAI has issued letter of award (LOA) for development of NH-11A (Extn) 4-laning/2-laning with paved shoulder of Dausa-Lalsot-Kauthun section to PNC Infratech Ltd,” NHAI said in a statement.

Indian Oil Corporation will on September 9 send seven tankers of diesel and kerosene to Tripura via Bangladesh for the first time to avoid fuel crisis in the North Eastern state, as the dilapidated condition of NH-44 in Assam has made the transportation difficult.

IndianOil-AOD, the company’s North East division, will move kerosene and diesel from Betkuchi depot in Guwahati to Dharmanagar depot in Tripura in the first consignment through the neighbouring nation.

Mahindra & Mahindra (M&M) has rebranded its electric mobility portfolio as Mahindra Electric aiming for a greater focus on technology and launch more electric models, besides supplying powertrains to other manufacturers.

Under the umbrella brand Mahindra Electric, the company will manufacture electric cars, license out electric vehicle technologies, electrify new and existing platforms and help deliver integrated zero emission mobility solutions.

Software services firm Wipro has bagged a three-year IT contract from NSB Group, one of Norway’s largest transportation groups.

As part of the agreement, Wipro will implement its datacenter (BLDC) and workspace solutions and utilise its delivery framework to deliver services that will help NSB variablise their IT operations, Wipro said in a statement.

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