NEW DELHI: Security in the national capital has been beefed up and a red alert has been sounded following a terror attack in Punjab, police said on Monday.

"The security in the national capital, which is always kept on high alert, is beefed up around Independence Day. However, following the attack in Punjab's Gurdaspur district, a red alert alert has been issued here," a police officer told IANS.

Finance Minister Arun Jaitley today said that the government will take a view on the draft Indian Financial Code, which proposes to dilute powers of the RBI chief, after receiving comments from stakeholders.

“FSLRC has made its recommendations, which have been made public for comments. After the comments are received, it is only then that the government will take a view,” he told reporters here.

The Securities and Exchange Board of India (Sebi) is not in favour of providing the details of the participatory note (PN) holders to the income tax department as desired by the Special Investigative Team (SIT) on black money.

A senior Sebi official told The Financial Express, “It will tantamount to a roving inquiry and that is not right and will hurt investment into the country as no investor would invest after knowing that his details are being given to the income tax department”.

Markets extended losses in noon trade on Monday tracking a sharp sell-off in Chinese stocks. Further, the review of P-Notes norms by market regulator Sebi and issue of levying minimum alternate tax (MAT) on foreign portfolio investors continued to weigh on investor sentiment.

At 13:08PM, the 30-share Sensex was down 429 points at 27,684 and the 50-share Nifty was down 126 points at 8,396.

IL&FS Transportation Networks Ltd today said it has bagged Rs 2,288.18-crore worth project from NHAI for four-laning of Amravati-Chikhli section of NH-6 in the state of Maharashtra.

"The company has been awarded the project through issuance of a letter of award dated July 24, 2015 by NHAI. The company had quoted a grant of Rs 183.05 crore for project," IL&FS Transportation Networks Ltd said in a BSE filing.

A shift in investment from bank deposits to instruments like mutual funds and government securities has trimmed treasury profit for Reliance Industries to just over 29 per cent of the net income in the June quarter, from 40 per cent for many quarters.

Trading profit, which used to average around 40 per cent in the past years, has narrowed to just about Rs 1,832 crore which is 29.4 per cent of the overall net income of Rs 6,222 crore in the quarter to June of the firm, according to the Q1 numbers released by it.

Tata Motors-owned luxury carmaker Jaguar Land Rover (JLR) is planning to set up a new plant to make about 200,000 cars annually in eastern Europe and is zeroing in on Poland.

According to The Sunday Times, JLR executives have been weighing up bids from Slovakia, Hungary, the Czech Republic and Turkey for the factory, which will make about 200,000 cars a year.

A new ‘self-destructing’ email service named Dmail aims to eliminate and solve all problems related with sending emails sent by mistake by introducing a new tool to better control messages sent through Gmail.

A user can revoke access to any message sent with Dmail at any time and it initiates a new feature which prevents recipients from forwarding users’ messages to others.

Ashok Kumar Balyan, former chief executive of Petronet LNG Ltd, has joined Anil Ambani-led Reliance Group as CEO of its Oil & Gas Business.

“Among other areas, Balyan shall be leading the Group’s efforts towards setting up of LNG terminal and LNG procurement for the Bangladesh power project being implemented by Reliance Power as well as other opportunities in the oil and gas space,” the company said in a press statement.

German car maker Mercedes-Benz will recall 150 imported vehicles in China on July 31 to fix a fuse problem, according to the country's top quality supervisor.

All the recalled vehicles belong to GLA, A and B series, manufactured in September 2014.

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