Wipro said it has effected a settlement of the lawsuit filed by National Grid US for $75 million (Rs. 499 crore), which would impact its July-September results.

The company, India's third largest software services exporter, said this settlement is for the release of all claims under the lawsuit with National Grid US.

A Delhi-bound Air India flight from Milan had to return to the airport in Italy within 30 minutes of take-off after a passenger tried to enter the cockpit, the airline said on Saturday.

According to an airline spokesperson, the incident happened on August 2 when the passenger, and Indian citizen whose seat no. was 32C, tried to enter the cockpit in clear violation of aviation rule.

North Korea has not stopped its nuclear and missile programs in violation of United Nations sanctions, according to a confidential U.N. report seen by Reuters on Friday.

The six-month report by independent experts monitoring the implementation of U.N. sanctions was submitted to the Security Council North Korea sanctions committee late on Friday.

In a break from convention, the National Highways Authority of India (NHAI) on Friday concluded an agreement with State Bank of India (SBI) to raise Rs 25,000 crore from the country’s largest bank as an unsecured loan, mainly to finance fully-state-funded engineering procurement and construction (EPC) projects.

Kotak Mahindra Bank on Friday raised the issue of financial creditors suffering due to the huge haircut proposed in the resolution plan submitted by the Reliance Industries-JM Financial ARC combine for Alok Industries at the National Company Law Tribunal’s (NCLT) Ahmedabad bench. The tribunal will hear all the cases related to Alok Industries on September 6 and 7.

Capital market regulator Securities and Exchange Board of India (Sebi) is probing allegations of fraud and irregularities at Metropolitan Stock Exchange of India (MSEI).

The probe has been initiated after complaints from two whistleblowers who have highlighted issues relating to governance, mismanagement and the siphoning of funds at the exchange.

Tata Motors said on Friday it aims to deliver profits both at British marquee arm Jaguar Land Rover (JLR) as well as the domestic business. However, it remained silent on the future of the small car Nano that has been facing headwinds for long.

The statement comes within days of the company reporting a Rs 18.64 billion net loss in the June quarter.

Gautam Adani-led Adani Gas, Indian Oil Corporation, Sudhir Mehta-led Torrent Gas, Bharat Gas Resources and Gail Gas have managed to get the maximum number of geographical areas in the ninth round of city gas distribution (CGD) bidding.

The Petroleum and Natural Gas Regulatory board has issued letter of intent to 18 successful bidders for 48 Geographical Areas (GAs) on Friday.

The Supreme Court on Friday allowed Anil Ambani-owned Reliance Communications (RCom) to sell its telecom assets worth about Rs 181 billion to Reliance Jio, controlled by his elder brother Mukesh Ambani. The transaction will help RCom reduce its debt by half while giving crucial infrastructure, including spectrum, to RJio.

Petroleum minister Dharmendra Pradhan said on Friday that the government will appeal at the High Court against an order by an international tribunal favouring Reliance Industries in the controversial gas migration dispute.

“The government will certainly file an appeal against the arbitration award in the higher forum. It will be in the High Court,” Pradhan told the media on the sidelines of a Confederation of Indian Industry (CII) in Delhi.

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