MUMBAI: TCS, ITC, HCL Tech, Tata Motors, Idea Cellular and MRF are among the stocks identified by Ambit Capital that could fetch multi-fold returns. The brokerage has identified 30 stocks in the BSE 500 index based on accounting quality and corporate governance filters.

ET INTELLIGENCE GROUP: Abidali Neemuchwala has taken charge of Wipro at a time when the country's third-largest software exporter is trying hard to catch up with peers. Its stock has failed to earn returns in four out of the past five years, but rivals including TCS, Infosys, HCL Technologies and Tech Mahindra have fared much better, earning returns in at least three years in the same period.

With 11-year low oil price forcing oil and gas producers to cut spending, Prime Minister Narendra Modi on Tuesday brainstormed with global experts on ways to attract investments and raise domestic production.

Modi, in a two-hour long meeting with experts including BP Group chief executive Bob Dudley and International Energy Agency (IEA) Executive Director Fatih Birol, discussed steps needed to give fillip to domestic oil and gas sector where no major discovery has been brought to production in the last five years.

Chinese technology major Lenovo has launched a portfolio of new laptops, desktops and monitors across the Yoga series, ideapad and ideacentre brands to upgrade personal computer experience, leading with Yoga 900S, the world's thinnest convertible laptop.

The new collection offers people distinct choices in performance, aesthetics and mobility.

Careers360, an education service providing platform, has raised an undisclosed amount of funding from MeritTrac. The transaction took place with the exchange of 10% of shares of the company.

The funding will be used to expand the company in business verticals and geographically. Also, the company is promoted by private educational institution ‘Manipal Global Education’.

Finance Minister Arun Jaitley on Tuesday said that public investments must lead the way during global slowdown and that India has an opportunity to spend more on infrastructure thanks to low oil, commodities and mineral prices.

“If you look back a few years ago, some of our infrastructure segments had slowed down. I find that the opportunity provided by low oil prices has enabled the government to channelise a large part of our savings into several areas of infrastructure.

Capital markets regulator Sebi has given clearance to beauty and wellness firm VLCC Health Care to raise at least Rs 400 crore through IPO to fund its expansion in domestic as well as international markets.

The firm, which had filed draft red herring prospectus (DRHP) with Sebi on September 23, seeking permission for an IPO, obtained clearance from Sebi on December 29.

NEW DELHI: The domestic equity market traded rangebound on Tuesday, tracking mixed cues from other Asian and European markets. While the Chinese state authorities intervened to ease the panic in the market, the volatility in stocks kept investors nervous, hampering initiation of fresh positions on the benchmarks.

The S&P BSE Sensex lost 43 points, or 0.17 per cent, to close the day at 25,580. Nifty50, the 50-stock barometer, closed at 7,785, down 6.69 points, or 0.1 per cent. Tata Steel and GAIL were the top gainers in the index.

State-run power equipment maker BHEL has commissioned a 600 megawatt (MW) unit at Kakatiya Thermal Power Project, Telangana.

"The unit, commissioned at Kakatiya Thermal Power Project (KTPP) at Chelpur in Warangal District of Telangana, is the highest rating unit in the state," Bharat Heavy Electricals Ltd (BHEL) said in a statement.

Electric and hybrid cars could become more affordable with the cost of batteries poised to plummet.

The Automotive Research Association of India (ARAI) has joined hands with Vikram Sarabhai Space Centre to develop batteries for passenger cars, sourcing technology used to power spacecraft. The Pune-headquartered research institute will design and develop car batteries and offer the technology to automobile companies for mass production.

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