Reliance Industries' most significant recent gas discovery MJ-1 in KG-D6 block may hold 1.4 trillion cubic feet of gas resources, roughly half of the reserves in the block's main gas fields.

Located about 2,000 meters below the producing D1-D3 field in the eastern offshore KG-D6 block, MJ-1 may hold contingent resource of between 0.988 Tcf of gas and condensate (low estimate) and 2 Tcf (high estimate), according to the firm's minority partner Niko Resources of Canada.

Maruti Suzuki India sold 62,996 factory-fitted compressed natural gas (CNG) vehicles last year, a growth of 23 per cent over the previous year.

The contribution of CNG vehicles to total sales increased to 5.4 per cent from 4.9 per cent a year ago. Six models of Maruti Suzuki are powered by CNG. Five were offered on CNG last year.

Hinduja Automotive Ltd, promoter of commercial vehicle major Ashok Leyland, has reduced its encumbered shares from 16.66 per cent of its total shareholding of 50.38 per cent, to 4.93 per cent, releasing over 330 million shares from HSBC.

According to a filing with the exchanges, the promoter firm has released 26,40,00,000 equity shares from HSBC on February 19, 2015, which accounts to 9.28 per cent of the total share capital. The encumbered shares before the release was 16.66 per cent of the total share capital. The post-event encumbered shares were 7.38 per cent of the total share capital.

CHENNAI: After a neck-and-neck race that lasted two years, Mercedes-Benz is back at the top of the heap in the Indian luxury car market. In the January-March 2015 period, Mercedes-Benz has 3,566 units compared to Audi's 3,181 units in the same period, which makes Mercedes-Benz the leader in the luxury car market ousting Audi from the top spot for the quarter. German rival BMW does not disclose sales numbers but estimates put the brand's January-March 2015 sales at nearly 1,500 units, making it.

The benchmark BSE Sensex pared its early gains to fell by 160 points as interest rate-sensitive stocks slipped after the Reserve Bank Governor Raghuram Rajan kept key repo rates unchanged in its first bi-monthly monetary policy.

The 30-share index, which gained 105.71 points in early trade, fell by 163.50 points, or 0.57 per cent, to 28340.96. The barometer had gained 546.97 points in the previous two straight sessions.

Oracle claimed that it was seeing strong demand for its cloud solutions in India. While the company’s Software-as-a-Service (SaaS) business has seen the highest and fastest adoption, Platform-as-a-Service (Paas) is also close behind.

Addressing a media conference, Shailender Kumar, Managing Director, Oracle India, said “one of the top priorities for the company is to ‘ride the cloud momentum. More than half the business is from the customer experience space with a third of our business coming from the human capital management (HCM) portfolio.”

New Delhi, April 6: A consortium led by GMR Infrastructure has bagged an order for the construction of the 417-km eastern dedicated freight corridor railway project at an estimated cost of Rs 5,080 crore.

"A consortium led by GMR Infrastructure Ltd has been issued the letter of award for construction of 417-km long Eastern Dedicated Freight Corridor railway project at a cost of Rs 5,080 crore on EPC (engineering, procurement and construction) basis," the company said in a statement.

Bengaluru: Vishal Sikka’s desire to project Infosys Ltd as a next-generation services company has made senior company officials consider if the company should declare results for a quarter during the current financial year from its Silicon Valley base. The move is expected to help the management showcase the presence it has built in California’s Palo Alto, since the company appointed Sikka as chief executive officer last August.

For now, the management at the Bengaluru-based company is still to decide when it intends to hold the results meeting from Sikka’s base station—the Infosys boss and many of his senior colleagues are stationed at Palo Alto. This will be the first time any homegrown technology firm declares its numbers from the US.

A framework accord to curb Iran’s nuclear program forged on Thursday could eventually allow Tehran to reclaim lost ground in the global oil market. Yet the deal all but guarantees that cannot happen before next year.

By ensuring that sanctions remain intact until Western powers are satisfied Tehran is adhering to the terms, and giving negotiators until June 30 to hammer out a comprehensive agreement, the deal offers little chance for any significant increase in exports until 2016.

ownside risk to new orders forecast remains high: Bhel faces twin risk of delay in new project ordering as well as a falling power deficit scenario in the country limiting the need for large scale investments in thermal power generation. While new ordering outlook for thermal power project equipment has improved to c33 GW over FY15-17e, 98% of these planned projects are being developed by the Government sector (central and state), which in the past have witnessed delays due to several reasons. Most of these planned projects are yet to receive environment clearance and/or acquire necessary land and/or lock in fuel supply. While the conclusion of the ongoing coal auction might provide clarity in due course on fuel supply, projects with de-allocated coal blocks might find it difficult to reacquire them. Hence visibility on these projects ordering currently remains low.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.