Public sector oil companies stole the show for the second session in a row. Shares of Bharat Petroleum, Hindustan Petroleum and Indian Oil were up 3-8 per cent during the day. This comes on top of the 10-14 per cent jump in stock prices on Friday. Upstream oil companies ONGC and OIL also saw their stock prices move up 2-3

Stockbroker Gautam Vora, whose name cropped up as the “boyfriend” whose “fear of commitment” killed model Viveka Babajee, applied for anticipatory bail in the sessions court.

Reliance Industries has announced its seventh oil discovery in its exploration block CB-ONN-2003/1. This block is in the Cambay Basin in Gujarat.
RIL had earlier announced a discovery in this block on June 11. The company owns a 100 per cent interest in the 635 sq km onshore block, which it bagged in the fifth round of NELP — the new exploration and licensing policy.

Weighed down with heavy debt, Tata Motors has decided to raise about Rs 4,700 crore through the issue of securities in domestic and international markets. The funds will also be used to finance the company’s expansion programmes.

The finance minister, Mr Pranab Mukherjee, on Monday said that the hike in prices of petroleum products will have some inflationary impact in the short-term but price pressures will moderate from the middle of July.

Gautam Vora, who has been untraceable since the suicide of supermodel Viveka Babajee, confided in his close friend, garment merchant Viren Shah, on Sunday morning.

The question of the Nationalist Congress Party chief Sharad Pawar’s daughter MP Supriya Sule’s citizenship has put the home ministry — led by R.R Patil — on the backfoot, with Mr Patil making feeble attempts to defend Ms Sule. “It is surprising that someone questioned her citizenship,” said Mr Patil.

Supermodel Viveka Babajee, who committed suicide at her Khar residence on Friday night, was believed to be mentally disturbed. The Khar police recovered a pack of sleeping pills from Viveka’s flat. The post-mortem reports have ruled out foul play and place the time of death at about seven hours before the body was discovered.

RBI is likely to extend the special liquidity facility beyond July 2 to ease unusually tight credit conditions caused by increased cash outflow in 3G and Broadband Wireless Access Spectrum licenses payments and advanced tax outgo, experts said on Friday.

Professor R.S. Sharma is a director at a well-established management institute based in Bengaluru. The 42-year-old is a bachelor. He has no dependent family members.