Tata Motors’ compact SUV, Tata Nexon, has been awarded a full 5-star adult occupant safety rating by Global NCAP, an internationally-renowned safety accreditation body. The rating is for all variants of Nexon, the first and only car in India to achieve a full 5 stars adult safety rating from Global NCAP, the firm said.

The country’s third largest software exporter, HCL Technologies, on Friday said that it will buy some software assets from US-based IBM Corp for $1.8 billion, marking the largest purchase ever by an Indian IT services firm.

HCL Tech will buy seven software platforms from IBM, giving it a larger clientele and allowing it to step up its presence in areas such as commerce, security and marketing — an over $50-billion market opportunity that the company said would help boost profit.

The Delhi High Court on Friday sought response from Mukesh Ambani-led Reliance Industries (RIL) and its partners on the government’s petition accusing it of “unjust enrichment of over $1.729 billion” by siphoning gas from deposits they had no right to exploit.

Justice Rajiv Shakdhar while seeking response from the RIL, its partners – UK-based BP Plc and Niko Resources of Canada – posted the matter for directions on December 15.

Sebi Friday asked market infrastructure institutions to set up a round-the-clock cyber security operation centre manned by dedicated security analysts to identify, respond, recover and thwart cyber attacks. The cyber security operation centre (C-SOC) of market infrastructure institutions (MIIs) — clearing corporations, depositories and exchanges– need to prevent cyber attacks through proactive actions including continuous threat analysis.

Punjab National Bank (PNB) on Friday said a consortium led by it has taken the symbolic possession of the factory of Leitwind Shriram Manufacturing (LSML), a Shriram group company, in Chennai to recover Rs 600-crore loans the company has availed of.

Leitwind Shriram Manufacturing, according to PNB, had availed of credit facilities to the tune of Rs 600 crore from a consortium.

If you would want to know if your phone calls are being tapped or not, all you have to do is to ask Trai for the information. The Delhi high court on Friday ruled that the Telecom Regulatory Authority of India (TRAI) should provide information on phone tapping to citizens under the Right to Information Act, 2005 (RTI) after obtaining the same from telecom operators.

HDFC Bank on Friday hiked its marginal cost of funds lending rate (MCLR) to 8.40%, 8.45% and 8.55% for the one, three- and six-month tenures, respectively. The hike for all buckets was 5 basis points. HDFC Bank has hiked its short-term MCLR rates consecutively for the past four months.

However, the private sector lender left the benchmark one-year MCLR unchanged at 8.70%.

European carriers Air Italy and WOW air commenced their direct flights from the national capital on Friday, according to the airlines.

Air Italy would operate three flights a week from the national capital to Milan and from December 14, there would be direct services between Mumbai and Milan with the same frequency.

Facebook said Friday it would add $9 billion to its stock buyback program, which could scoop up shares pummelled over the past few months by privacy scandals and a slump on Wall Street.

In a regulatory filing, the leading social network said it added to a $15 billion share repurchase program began in 2017.

The National Anti-Profiteering Authority (NAA) has ordered a dealer of Johnson & Johnson (J&J) to deposit Rs 501,646, along with an interest of 18 per cent, with the Consumer Welfare Fund after it raised the base price of two of its products to offset for the reduction in the goods and services tax (GST) from 28 per cent to 18 per cent. The GST Council had changed the rates with effect from November 15, 2017.

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