ONGC is set to regain possession of the Ratna and R-series shallow-water oil fields, roughly 130 km southwest of Mumbai, after an interval of about two decades. The CCEA on Thursday decided to let ONGC operate the fields.

Petroleum minister Dharmendra Pradhan said that the government has decided to give the assets to ONGC on nomination basis, so that they can start production.

State-run telecom company Bharat Sanchar Nigam Limited (BSNL) is likely to finalise a deal with leading telecom company Bharti Airtel by June this year for spectrum sharing in four telecom circles, BSNL CMD Anupam Shrivastava said on Thursday.

Srivastava said BSNL is working on sharing spectrum with Bharti Airtel in Rajasthan, UP (West), Bihar and Assam telecom circles for which it has constitued a committee to look into the feasibility aspect to ascertain if it can offer similar services to other telcos as well.

The biggest public sector lender State Bank Of India on Thursday denied any laxity on the part of the consortium of banks in seeking reliefs against the defunct Kingfisher Airlines Ltd. (KFAL), its promoters and holding-associated company. It also refuted certain media reports purportedly blaming the SBI, the leader of the consortium, for the crisis and termed these as based on “hearsay and conjecture”.

NEW DELHI: Tata Consultancy Services has been named as a top employer in the United States for a second consecutive year by the Top Employers Institute, an employer certification agency.

TCS was recognised as an exceptional performer across nine categories: talent strategy, workforce planning, on-boarding, learning and development, performance management, leadership development, career and succession management, compensation and benefits, and culture.

KOLKATA: Successive governments can't help but salivate on the near Rs 60,000 crore of cash & bank balance that Coal India carries in its consolidated balance sheet. They have time and again asked the world's largest coal producer to part with the money in form of hefty dividends. But a closer look at the accounts will show that at present Coal India is left with some Rs 20,000 crore only as actual cash balance including some Rs 8,000-Rs 9,000 crore for working capital after paying dividend this year.

Amid a huge controversy over loan defaults by Vijay Mallya-led UB Group firms, regulator Sebi plans to choke fund-raising taps for 'wilful defaulters' while fund-raising norms are set to be made easier for start-ups as part of wide-ranging reforms in capital markets.

The proposed moves, likely to be discussed by the Sebi board tomorrow, are aimed at safe-guarding the interest of small investors while deepening the capital market place to provide new products and avenues for institutions, a senior official said.

Jobs in the Indian IT sector are likely to remain stable at least till 2020 as per a report from World Economic Forum (WEF), Parliament was informed on Friday.

"According to a research report from WEF released recently, jobs in India's IT sector are likely to remain stable at least up to 2020," IT and Communications Minister Ravi Shankar Prasad said in a written reply to Rajya Sabha.

The government's move to free gas pricing for undeveloped gas fields in difficult areas will not apply to Reliance Industries' KG-D6 finds unless the Mukesh Ambani firm withdraws arbitration challenging the government's authority to decide rates.

The Cabinet headed by Prime Minister Narendra Modi had Thursday decided that the marketing freedom subject to a cap based on alternative fuel will not be applicable to discoveries that are under litigation or arbitration.

Tata Motors arm TAL Manufacturing Solutions is set to launch its industrial articulated robot named BRABO priced between Rs 4 lakh and Rs 10 lakh in the Indian market.

The company is also eyeing the SAARC markets with its customisable indigenously developed robot that can handle payloads of 2, 5 and 10 kg targeting medium and small enterprises, TAL Manufacturing Solutions said in a statement.

Country's largest private sector lender ICICI Bank Thursday launched a credit-linked subsidy scheme for home loans under Pradhan Mantri Awas Yojana (PMAY).

Under this scheme, individuals including women borrowers from the economically weaker section and low income group will be able to acquire and construct the first brick-and-mortar house of the family by paying significantly lower equated monthly installments (EMIs), ICICI Bank said in a statement.

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