Mahindra & Mahindra’s Managing Director (MD) Pawan Goenka said on Thursday automakers had taken every step to revive consumer sentiment, but only a goods and services tax (GST) rate cut would boost demand. “I think the industry has done whatever it could. An intervention from the government can only revive the demand,” he said, adding: “It’s not good to ask for a cut in GST rate, but we are now in a situation where only that can help us.”

Union Road Transport and Highways Minister Nitin Gadkari has said he plans to reorganise the National Highways Authority of India (NHAI). A relook at the financing models, including raising Rs 85,000 crore through road asset monetisation over the next five to six years, is also priority, the minister told Business Standard in an e-mail interview.

US technology companies including Facebook Inc, Alphabet's Google, Microsoft Corp and Twitter Inc met with US intelligence agencies on Wednesday to discuss security strategies ahead of the November 2020 election.

The companies' security teams met representatives from the Federal Bureau of Investigation, the Office of the Director of National Intelligence, and the Department of Homeland Security at Facebook's headquarters in Menlo Park.

Three years after elbowing into the Indian wireless phone market with free calls and data, billionaire Mukesh Ambani is back at it. This time, Asia’s richest man is handing out TVs to hook users on movies and entertainment shows via internet. The tycoon is wedging into a business teeming with players from rival mobile carriers to Netflix Inc. and Amazon.com Inc.

Quantum computing, with its power to solve intricate challenges in no time, has been catching the attention of tech researchers and students for some time now. Students today are aware of quantum computing’s ability to run a myriad of conflicting parameters and variables at a pace that is unparalleled. This, however, also begets the need to provide this body of emerging programmers with direct access to quantum programming in course of their education.

The government spending on infrastructure is helping push the bank credit growth, with almost no private participation, except for Reliance Jio in the telecommunications sector.

The bank credit data from the Reserve Bank of India (RBI) released on August 30 showed that only power, telecommunications, road, and cement sectors are witnessing an uptick in credit demand, thanks to government spending on several infrastructure projects.

Indian Prime Minister Narendra Modi and Malaysian PM Mahathir bin Mohamad met on the sidelines of Eastern Economic Forum in Vladivostok during which the former raised the issue of Zakir Naik and also discussed the need for legislative changes to Jammu and Kashmir.

Two years after acquiring an 80 per cent stake in Gujarat State Petroleum Corporation’s (GSPC) KG Basin gas block, state-run Oil and Natural Gas Corporation (ONGC) is yet to get complete legal ownership of the block.

Two senior company executives said “the production sharing contract (PSC) of the block is yet to be transferred to ONGC”. The deal was completed in August 2017, for which ONGC paid about ~7,738 crore.

An Indian state-owned refiner has swooped in to buy American oil that was en route to China but due to arrive after new tariffs kicked in.

Bharat Petroleum bought one or two cargoes of US crude that were recently diverted from its original destination of China, Refineries Director R Ramachandran said in an interview.

Shares of metal companies rallied up to 6 per cent on the BSE on Thursday after a slew of positive global developments lifted investor sentiment.

Among individual stocks, Coal India zoomed 6 per cent, National Aluminium Company (Nalco) rose 4.8 per cent, JSW Steel, Tata Steel, Jindal Steel & Power, and Steel Authority of India all gained over 3 per cent, while Hindustan Zinc was up 2 per cent on the BSE.

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