IRB Infrastructure Developers on Thursday said it has executed concession agreement with NHAI for Rs 2,650-crore project of six laning of Agra-Etawah Bypass section in Uttar Pradesh.

The company, has now executed Concession Agreement with NHAI for the project of six-laning of Agra-Etawah Bypass section of NH-2 (from km 199.660 to km 323.525) in the state of Uttar Pradesh under NHDP Phase-V on BOT (Toll) mode, IRB Infrastructure Developers said in a BSE filing.

Shares of Ratnamani Metals & Tubes were up over 2% at Rs 602 after the company announced that it has received an order from engineering major Larsen & Toubro.

The order is for supply of Carbon Steel (CS) pipes worth Rs 528 crore (net of taxes and duties) and the order will executed by June, 2017, the company said in a release.

Shares of real estate companies have rallied by up to 8% on the bourses after falling sharply in past couple of months.

DLF, Housing Development and Infrastructure (HDIL), Indiabulls Real Estate, DB Realty and Oberoi Realty are up between 5%-8% while Unitech, Godrej Properties, Sobha, Delta Corp, Ashiana and NBCC have gained between 1%-4%.

At least four terrorists have been killed in an encounter with security forces in a village in Handwara in Jammu and Kashmir on Thursday.

One jawan has also been killed in the gun-battle. The encounter is still underway.

An investigation by the Competition Commission of India (CCI) has claimed that the US-based Internet giant Google Inc allegedly “abused its dominance” in the Indian market by incorporating clauses in its agreements with users that restricted them from availing services of third-party search engines.

Sources told The Indian Express that the probe by the DG (Director General, Investigations), ordered by the CCI in 2012, also found that some agreements the company had with other parties incorporated a “one-sided clause relating to termination, possible for only those players who are dominant”. The competition watchdog has sent its findings to Google and asked for its response by September 10.

State-run Oil and Natural Gas Corporation (ONGC), the country's largest exploration and production company, is making the most of the drop in crude oil prices by renegotiating service contracts with drillers and others.

ONGC says the drop in crude oil prices has helped reduce operating expenditure for exploration in shallow waters by 30 per cent. Hiring charges in the case of vessels, rigs and barges have come down, said a senior official, helping offset the drop in crude oil realisation. If there is a drop of 30 per cent, it is a big amount for that particular vertical. Suppose we need 50 vessels to operate in the Western Offshore field; if we hire 25 vessels for the next five years at a lesser cost, it can bring down the total cost.

Two persons were injured and four others were missing after a BJP meeting was attacked allegedly by ruling Trinamool Congress workers at Nandigram in East Midnapore district.

Local TMC leaders, however, said they were not involved in the attack which occurred yesterday.

Markets slipped to day's lows in noon trades on Wednesday, amid profit taking in bank shares after weak economic data raised concerns over credit growth.

At 1:40PM, the 30-share Sensex was down 123 points at 25,574 and the 50-share Nifty was down 38 points at 7,745.

Essential services such as banking and road transport were partially hit on Wednesday due to the day-long nationwide strike called by 10 major central trade unions (TUs).

In the national capital, auto rickshaw drivers were seen demanding more fares even as most of them were on strike.

Singapore wealth fund GIC will invest about Rs 1,990 crore ($300 million) in a new joint venture with real estate developer DLF that will build two projects in the Indian capital New Delhi, the two firms said in a joint statement.

The deal is one of several by GIC in India this year, after its investments in Bandhan Financial Services, which is setting up one of the country's two newest banks, and online taxi-hailing company Ola.

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