Even after multiple system failure, adverse weather conditions and lack of fuel while struggling to land at the John F Kennedy Airport in New York, an Air India pilot succeeded in saving the lives of 370 passengers on-board. It was September 11, when Air India’s AI-101 was flying from New Delhi to New York.

After the US, Infosys is planning to take its digital hub models to Europe and Australia as the Bengaluru-based company looks at expanding its onshore capabilities in order to serve these markets effectively. The company plans to begin by setting up one digital hub in the UK for which it has shortlisted four locations while it is also evaluating setting up such centres in two more European countries. In Australia, Infosys is looking at setting up two hubs initially before expanding further.

Oil regulator PNGRB Monday declared the final list of winners of city gas retailing licences that had billionaire Gautam Adani’s group, state-owned Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Torrent Gas as the big winner. Adani Gas won rights to retail CNG to automobiles and piped cooking gas to households and industries in 13 cities on its own and another nine, including Allahabad, in a joint venture with IOC,

IT company Infosys on Monday said it has doubled its investment in US-based software firm TidalScale by putting in an additional $1.5 million (around Rs 110 million) through the Infosys Innovation Fund.

"Infosys...has made an additional investment of $1.5 million through the Infosys Innovation Fund in TidalScale Inc, the company at the heart of the software-defined server revolution," the Indian software major said in a statement.

The National Company Law Appellate Tribunal (NCLAT) on Monday amended its order on the Essar Steel, passed by it on September 7, to add the name of senior counsel Darius Khambata, which was left out.

Khambata had represented Resolution Professional of the debt-ridden firm Essar Steel in this matter before the appellate tribunal and his name was missing in the final order.

The seasoned M C Mary Kom (48kg) collected her third Gold medal of the year with a display of tactical brilliance while Manisha (54kg) settled for a Silver in the 13th Silesian Open Boxing Tournament for women in Gliwice, Poland.

Five-time world champion Mary Kom, returning to the ring after recovering from some niggles that kept her out of the Asian Games, prevailed 5-0 against Kazakhstan's Aigerim Kassanayeva to pick up India's lone senior category Gold at the event on Saturday.

Indian rocket Polar Satellite Launch Vehicle (PSLV) lifted off successfully with two British satellites, NovaSAR and S1-4, from the rocket port here on Sunday night.

The PSLV-CA (Core Alone) version, standing 44.4 metres tall and weighing 230.4 tonnes, with thick orange flame at its tail lighting up the night skies rose up at 10.08 p.m. from the first launch pad.

Markets watchdog Sebi is “well within its rights” to regulate auditors with respect to activities under its regulations, a senior government official said amid chartered accountants’ apex body ICAI raising concerns about the proposal.

Corporate Affairs Secretary Injeti Srinivas also said that there will be no “cross cutting regulations”.

Mumbai: State Bank of India has made a complete U-turn on stressed assets undergoing insolvency proceedings. Instead of initiating bankruptcy proceedings against the defaulting companies, the state-owned lender is now looking to sell them to asset reconstruction companies (ARCs), two senior bank officials said, requesting anonymity.

The key Indian equity indices — Sensex and Nifty — opened in the negative territory on Monday tracking weak Asian markets. The Sensex of the BSE plunged over 300 points to hit an intra-day low of 37,784.50 points in opening trade. The Nifty of the National Stock Exchange, too, fell 97 points to a low of 11,417.70 points.

Shares of Axis Bank, Tata Motors, SBI, IndusInd Bank, Yes Bank, Tata Steel Hero MotoCorp, HDFC, HDFC Bank and Asian Paints were amongst the top laggards on the BSE Sensex index.

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