State-run ONGC, Oil India Ltd (OIL) and BPCL will in the next four years invest $6 billion in developing a giant gas field off the Mozambique coast and converting the fuel into LNG for export to nations like India, Oil Minister Dharmendra Pradhan said today.

ONGC Videsh Ltd, the overseas arm of Oil and Natural Gas Corp (ONGC), Oil India Ltd and a unit of Bharat Petroleum Corp Ltd (BPCL) together hold 30 per cent interest in Rovuma Area-1, which is estimated to hold recoverable gas reserves of up to 75 trillion cubic feet.

With an eye on regaining industry-level growth rates and to retain top talent, Infosys is sprucing up the capabilities of its core banking software Finacle and revamping the compensation structure of its sales team, according to media reports.

According to a report in HT Mint, the Bengaluru-headquartered information technology services provider is assessing the merits of Blockchain, an open-source financial database that records all transactions of virtual currency Bitcoin, to see if the technology could be integrated into Finacle.

France will partner India in a study for upgrading the speed on Delhi-Chandigarh rail line to 200 km per hour and help in re-development of Ambala and Ludhiana railway stations.

France will also help in development of Smart Cities in India to be identified by the host government. These were among the outcomes of Prime Minister Narendra Modi’s talks with French President Francois Hollande here yesterday.

According to a newly leaked version of Microsoft's upcoming program, the company is improving the touch experience in Windows 10.

According to the Verge, on enabling tablet mode, any apps on the taskbar are removed and the user is thrown into a user interface that only has access to the Start screen, virtual desktops, and the Cortana digital assistant.

The government on Friday introduced a share swap arrangement for the proposed merger between National Spot Exchange Limited (NSEL) and Financial Technologies (India) Limited.

According to the assessment order, made public on Friday, the government has proposed that three fully paid-up equity shares of Rs 2 each will be given in the new entity in return for every eight shares of Rs 10 each in NSEL.

Delhi-based e-commerce company Snapdeal is gearing up for an initial public offering (IPO) in the US at a valuation of $5-6 billion, following arch-rival Flipkart.

Snapdeal had appointed merchant bankers for listing on an American stock exchange, company sources said.

New Delhi: The government will make skills certification essential by 2020 before a person can apply for a public-sector or government job, a decision that could be difficult to implement.

“To get a government job, it is very important to have a NSQF (national skill qualification framework) certification and this is how the government is planning to move,” skills minister Rajiv Pratap Rudy said on Thursday.

Government on Friday moved the Supreme Court seeking removal of foreign arbitrator appointed by Reliance Industries Ltd (RIL) over its dispute over the Panna, Mukta and Tapti oil and gas fields.

It sought removal of Peter Leaver QC, who was appointed the arbitrator after May 28, 2014, order of the apex court setting aside a Delhi High Court order by which it had agreed to hear the government’s plea against the arbitration proceedings in London.

Finnish telecom equipment maker Nokia has identified a “serious” buyer for its manufacturing plant in Chennai, a top Tamil Nadu government official said today.

“Nokia has been telling us that they have identified a very serious buyer, but due to their non-disclosure agreement they are not willing to give out their name,” Tamil Nadu Additional Chief Secretary C V Shankar told reporters here.

The benchmark BSE Sensex and NSE Nifty rallied for the second week in a row by over 2.0 percent buoyed by across-the-board buying, Moody’s raising country’s credit outlook and speculations that the US Fed may keep interest rates low after weak jobs data.

However, Reserve Bank of India, in its monetary policy on April 7, left the short-term lending rate or repo rate unchanged and also kept the cash reserve ratio and the statutory liquidity ratio static, which weighed on the markets as Sensex closed almost flat on Tuesday.

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