Markets pared early gains in late morning trades as investors booked profit at higher levels after reports suggest that retail inflation is likely to be on the higher side. The government will detail November IIP and December CPI data later today.

At 11:40AM, the 30-share Sensex was down 22 points at 27,436 and the 50-share Nifty was trading flat at 8,285.

Delhi International Airport Private Ltd (DIAL), a unit of infrastructure conglomerate GMR, plans to retire its existing foreign currency term loans with funds raised through bonds.

Ratings agency Moody's has assigned Ba1 rating to these bonds.

Indian businessman Navin Bhartia's Internet habits make him a dream customer for billionaire foreign media moguls like Rupert Murdoch.

The 45-year-old from Kolkata likes to buy homes online, sometimes without visiting them. In the last four years, he has bought five properties for Rs 4 crore ($641,900) on Proptiger.com, partly owned by Murdoch's News Corp.

Oil fell further in Asia today, with weak demand and a supply glut putting relentless pressure on prices already at their lowest in five and a half years, analysts said.

US benchmark West Texas Intermediate (WTI) for February delivery was down 81 cents at $47.55 a barrel in mid- morning trade and Brent crude for February dropped 90 cents to 49.21.

A team of Indonesian navy divers on Monday retrieved one of the two black boxes from an AirAsia airliner that crashed two weeks ago, killing all 162 people on board, a government official said.

Flight QZ8501 lost contact with air traffic control in bad weather on Dec. 28, less than halfway into a two-hour flight from Indonesia's second-biggest city of Surabaya to Singapore.

Adani Enterprises is trading higher by 3% at Rs 519 on National Stock Exchange (NSE) in otherwise subdued market after the company has tied up with Australia's Woodside Energy to source liquefied natural gas (LNG), and for oil & gas exploration and production opportunities.

Adani Enterprises has signed a memorandum of understanding (MoU) with Australian energy major Woodside Energy for cooperation for exploring business opportunities across a broad spectrum in oil and gas sector in India, as part of the Vibrant Gujarat initiative, the company said in a statement.

The Bharatiya Janata Party-led National Democratic Alliance government will need to invest Rs 15.70 lakh crore to provide 24x7 power supply to all consumers, according to a panel report.

A sub group appointed by the Forum Of Regulators (FOR) has said around 1,280 billion units (BUs) will be needed to service the 24x7 requirements.

MUMBAI: HDFC Bank is working on digitizing every process that does not require a statutory `wet signature'. The bank will digitize submission of Form 15H which presently has to be physically submitted by senior citizens to the branch to avoid tax deduction at source.

Speaking to ToI, Nitin Chugh, head of the bank's digital banking said that the bank was moving to a system where customers would be required to use physical forms only where there is a legal requirement for the customer to sign such as on an account opening form.

Underlining the government’s push towards e-governance, domestic electronics manufacturing, and innovation and entrepreneurship, Finance Minister Arun Jaitley has invited captains of Indian software firms as well as their counterparts in the hardware segment for pre-Budget consultations. The meeting, scheduled for January 14, will also be attended by CEOs of several e-commerce companies and prominent start-ups.

Bharat Petroleum Corporation (BPCL) and Videocon Industries with Brazilian partner Petroleo Brasileiro SA (Petrobras) have found more light crude oil in the Sergipe Basin off that country’s northeast coast, the companies said in a securities filing.

The discovery in the BM-SEAL-11 exploration block is believed to hold at least a billion barrels of recoverable oil.

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