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Japanese space probe Hayabusa 2 touches down on asteroid to collect samples

Japanese space probe Hayabusa 2 touches down on asteroid to collect samples

A Japanese space probe named after a falcon, Hayabusa 2, has touched down on an asteroid more than 300 million km from Earth on a mission to seek clues about the origins of life, Japan's space agency said on Friday.

The spacecraft's landing on the asteroid Ryugu, just 900 metres in diameter, came after an initial attempt in October was delayed because it was difficult to pick a landing spot on the asteroid's rocky surface.

Videocon loan row: CBI lookout circulars against Chanda Kochhar and husband

Videocon loan row: CBI lookout circulars against Chanda Kochhar and husband

The Central Bureau of Investigation (CBI) has issued lookout circulars (LOC) against former ICICI Bank chief executive and managing director Chanda Kochhar, her husband Deepak Kochhar, and Videocon managing director Venugopal Dhoot, The development comes weeks after the Enforcement Directorate (ED) registered a criminal case against them for alleged money laundering .

At the behest of the CBI, lookout circulars were issued against Kochhar's husband and Dhoot for all airports last year. According to The Economics Times, this is the first time LOC has been issued against Chanda Kochhar.

TVS Motor hits 20-month low; stock falls 15% in one month

TVS Motor hits 20-month low; stock falls 15% in one month

Shares of TVS Motor Company slipped to a 20-month low of Rs 456 apiece, down 2 per cent on the BSE on concerns of a likely rural slowdown and lower exports.

The stock of the two-wheeler (2W) company was trading at its lowest level since April 7, 2017. It underperformed the market by falling 15 per cent in the past one month, as compared to a 2 per cent decline in the benchmark index S&P BSE Sensex.

ONGC gains for fifth straight trading session on strong Q3 earnings

ONGC gains for fifth straight trading session on strong Q3 earnings

Shares of Oil and Natural Gas Corporation (ONGC) were trading higher for the fifth straight session, rising 2 per cent to Rs 146 apiece on the BSE in intra-day trade after the company reported a strong December 2018 (Q3FY19) result.

In past one week, the stock of state-owned oil exploration firm outperformed the market by gaining 11 per cent against 0.30 per cent decline in the S&P BSE Sensex. It recovered 13 per cent from its 52-week low of Rs 129 touched on February 14, 2019, on the BSE in intra-day trade.

Aramco eyes deal with Reliance, others for investing in India

Aramco eyes deal with Reliance, others for investing in India

Saudi Aramco, the world’s largest oil exporter, on Wednesday said it was in talks with Reliance Industries and other Indian firms to invest in petrochemicals and refinery projects in the country.

“India is an investment priority for Saudi Aramco. There is a lot of growth potential. We are looking at additional investments in India. We are in discussions with other companies as well, including Reliance Industries,” Saudi Aramco CEO Amin Nasser said at the Saudi Arabian General Investment Authority’s Saudi Forum meet.

Nasscom skips forecast ritual

Nasscom skips forecast ritual

IT industry association Nasscom on Wednesday broke with tradition and stopped the practice of forecasting annual growth.

Instead, it revealed the details of a survey of chief executives that showed they were “cautiously optimistic’’ about the growth prospects for 2019-20 given the increasing global macroeconomic headwinds.

Sensex, Nifty start on a positive note; bank stocks jump

Sensex, Nifty start on a positive note; bank stocks jump

Benchmark indices started on a positive note on February 21 tracking gains on banking counters, after the government announced infusion ₹48,239 crore in 12 public sector banks, buying by foreign and domestic institutional investors, and positive global cues.

The 30-share index was trading 8.47 points, or 0.02%, at 35,764.73. Similarly, the 50-share NSE Nifty was trading 6.05 points, or 0.06%, higher at 10,741.50.

Mahindra & Mahindra bets on new product portfolio for Ssanyong Motor Co turnaround

Mahindra & Mahindra bets on new product portfolio for Ssanyong Motor Co turnaround

As part of a turnaround strategy for the loss-making Ssangyong Motor Company (SYMC), Mahindra & Mahindra (M&M), which owns 74.65% stake in the Korean automaker, is betting on a new product portfolio to ramp up volumes and increase revenues.

“Losses mean that revenue is less than expenses. Clearly we are working on all the levers that we need to have to reduce the expenses and the main lever is volume.

BSNL, MTNL revival: Govt to discuss plan today

BSNL, MTNL revival: Govt to discuss plan today

The Department of Telecommunications (DoT) will deliberate on revival of state-run BSNL and MTNL on Thursday as the financial condition of both the firms have deteriorated over the last couple of years due to increased competition.

According to sources, the Digital Communications Commission (DCC), the highest decision-making body of the DoT, will discuss various options to revive the sick telecom firms.

Amazon’s Winner-Take-All Approach to Small Business

Amazon’s Winner-Take-All Approach to Small Business

But increasingly, Amazon sells its own products, including private-label goods, that compete with the offerings of independent merchants on its platform. A recent paper by economists Feng Zhu and Qihong Liu observed Amazon’s behavior over time, and found that it tends to introduce products in niches that smaller merchants did the work of discovering by finding out what consumers like.

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