Tata Motors today launched the updated version of its sports utility vehicle Safari Storme in Nepal, with price starting at Nepalese Rupees (NPR) 42.25 lakh.

The company, which is showcasing its products at the 11th NADA Auto Show in Kathmandu, will sell the LX variant of the vehicle at NPR 42.25 lakh and the high-end VX Trim at NPR 56.85 lakh.

The rail ministry will seek around Rs 1 lakh crore from the finance ministry for a special railway safety fund to implement several measures aimed at sprucing up safety performance and checking the spate of recent train accidents which have claimed several lives.

"Railways is finalising a safety plan at an estimated cost of about Rs 1 lakh crore. We are preparing a comprehensive plan, which includes elimination of all level crossings, strengthening of the track and bridges among others," Railway Board Chairman A K Mital said, adding Finance Ministry will be approached for the special safety fund to upgrade the safety infrastructure in rail network.

Engineering and construction major Larsen & Toubro (L&T) today said it has bagged a Rs 1,700 crore order from Japan's Marubeni Corporation to set up a 400-Mw gas-based power plant in Bangladesh.

"Bangladesh Power Development Board awarded the EPC contract for setting up the 400-mega watt (Mw) gas-based power plant project to Marubeni Corporation of Japan, which in turn awarded the EPC sub contract to L&T on a turnkey basis," L&T said in a BSE filing.

Mumbai: The capital market regulator has asked asset management companies to explain the principle behind their corporate bond investments, as it seeks to avoid a redemption crisis in the fixed-income plans of mutual funds (MFs) similar to the one JP Morgan Asset Management Co. Ltd is battling.

In a cautionary note issued to fund houses, the Securities and Exchange Board of India (Sebi) also asked fund managers to closely monitor companies in their mutual fund portfolios that have been downgraded recently, two people familiar with the note sent out by the regulator said on condition of anonymity.

It’s been 18 years since Google Search first came to be—the Google.com domain was registered on September 15, 1997, after founders Sergey Brin and Larry Page decided the search engine they had developed in Stanford University could no longer go by the name BackRub. When Sun Microsystems co-founder and investor Andy Bechtolsheim gave the company its first major investor cheque, it didn’t even have an account to its name.

But, in three years, it had become the world’s largest search engine and continues to be so. Of course, now, with computing shifting from PCs to mobiles, Google Search has had to fight it out with specific-search apps—for almost everything, from movies and restaurants to retail deals.

Four months after online marketplace Snapdeal acquired FreeCharge, the joint entity has launched its own digital wallet to be commonly used on both platforms. FreeCharge has also partnered with Fino PayTech, one of the 11 companies to get payments bank licence.

“With the launch of the FreeCharge Digital Wallet, we are all set to transform the way people make payments. A secure, easy to use and feature-rich service, the wallet is equipped with state of the art technology and a robust partner network, making it a truly game-changing service that will bring value to consumers and our partners in the ecosystem,” said Kunal Shah, CEO and co-founder, FreeCharge.

State-run Indian Oil will more than treble its capex to Rs 1.75 trillion over the next seven years against what it spent in the past five years, with a view to expand refining output by 54 per cent to around 100 mt tonnes, investing Rs 50,000 crore in brownfield expansion alone.

For the current Plan period (12th Plan ending 2017), nation’s largest refiner Indian Oil Corporation (IOC) has set aside Rs 56,200 crore in capex, most of which went into the 15 million tonnes (mt) Rs 34,500-crore greenfield refinery in Paradeep that will go onstream from late next month or early November, chairman B Ashok said here today.

Sadbhav Infrastructrure Projects (SIPL) shares made a robust debut on stock exchanges on Wednesday. The share price of the company listed at Rs 110.75 on BSE as compared to its issue price of Rs 103. It listed at Rs 111 on NSE.

At 10.16 am, shares of the SIPL were trading 7.28 per cent higher at Rs 110.50 apiece on BSE as compared with its issue price of Rs 103. It opened at Rs 110.75 and touched a high and low of Rs 112.25 and Rs 108.60, in trade so far.

Facebook may finally be getting a button that lets you quickly express something beyond a ”like.”

Founder and CEO Mark Zuckerberg said Tuesday that people have been asking for a ”dislike” button on the social media site for years.

State-owned petroleum explorer Oil and Natural Gas Corporation (ONGC) announced it would be implementing 12 projects worth a combined Rs 13,000 crore by the end of May 2016, seeking to gain from low oilfield services and equipment costs in the current depressed crude oil price scenario.

“Nine projects with an investment of around Rs 22,000 crore have already been completed till now in 2015-16,” Chairman and Managing Director D K Sarraf told shareholders at the 22nd annual general meeting here.

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