After failing to get private partners to develop four of its coal bed methane (CBM) blocks twice, Oil and Natural Gas Corporation has now decided to go ahead and explore these blocks on its own at an invetsment of Rs 5,000 crore.

D K Sarraf, chairman and managing director ONGC said, "We have decided to expedite development in our CBM blocks. CBM does not require much of technology or expert knowledge. Since we were in this business, our team is familiar with the exploration plans."

Engineering and construction major Larsen & Toubro (L&T) today said it has bagged orders worth Rs 1,099 crore across various business verticals last month.

The company's power transmission and distribution business bagged orders worth Rs 517 crore in both international and domestic markets, including add ons, L&T said in a filing to the BSE.

Intel Corps’ intention of acquiring rival company Altera, finally seems to be shaping up as it prepares to announce the roughly $17 billion acquisition on Monday, a move that would allow it to boost revenue and help defend a crucial business.

Altera stockholders will receive about $54 a share, the amount which was rejected by them in earlier rounds of acquisition talks in April this year.

State-owned BHEL today said it has bagged a Rs 369-crore order for supply and installation of a power cycle piping (PCP) package for Barh project of NTPC.

"Bharat Heavy Electricals Limited (BHEL) has bagged a contract for supply and installation of a PCP package for Barh Super Thermal Power Project (STPP), stage-I (3x660 MW), of NTPC," BHEL said in a press release.

Auto-maker Mahindra & Mahindra today reported 3% decline in total sales at 36,706 vehicles in May.

It had sold 37,869 units in the same month last year, M&M said in a statement.

External Affairs Minister Sushma Swaraj said on Sunday Prime Minister Narendra Modi’s visits to 18 countries in 12 months helped push the government’s economic reform agenda.

Lauding her government’s aggressive foreign policy stance, Swaraj said the government had taken definitive steps towards “transformational diplomacy” and “diplomacy for development”, and was able to forge long-term bilateral ties with 101 countries.

Maruti Suzuki Chairman R C Bhargava is upbeat that his company will continue to register double-digit sales growth in 2015-16, despite a rise in fuel prices, monsoon concerns and increasing competition for entry-segment cars.

"Maruti expects double-digit growth this year. We saw a good increase in April. There is no serious worry about sales," Bhargava told Business Standard.

Fares for first class and AC class in passenger trains besides freight charges will be increased by 0.5% from June 1 as new service tax will come into effect.

"Currently, 3.708 per cent service tax is levied on train fares for AC Class, First Class and freight. This will go up to 4.2% from June which means the rise is only 0.5%," said a senior Railway Ministry official.

Separatists trying to use telecom towers in Jammu and Kashmir indicates their desperation, Telecom Minister Ravi Shankar Prasad said today, while asking the state government to ensure the safety of communications infrastructure.

A spate of attacks against telecom employees and those who have rented out space for installation of mobile towers in their fields has thrown the communication system in north Kashmir's Baramulla into disarray.

VIJAYAWADA: Father of the nation Mahatma Gandhi has gone missing in the currency notes of Rs 10 denomination believed to have been printed by the Reserve Bank of India (RBI) in the recent past. The bank notes without Gandhi's image posted on the RBI's official website caused a flutter among the people.

TOI has received several phone calls from netizens from as far-off places as Kurnool with the callers seeking to know the reasons for the RBI's striking departure from the Gandhian legacy in printing and circulation of the currency notes.

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