The proposed Hyderabad Airport Metro Rail to link Raidurg to the International Airport at Shamshabad over 30.7 km is going to be a high-speed one with trains to clock speeds of up to 100 kmph so that it can reach the destination in 20 minutes flat, changing the entire gamut of commuting in the twin cities.

This is the second phase of the metro rail project which will, in a sense, be unique in several ways in comparison to the first phase of the 72-km metro rail under construction across the three corridors of the capital.

Shares of Tata group’s cash cow and the largest company of India Tata Consultancy Services have shown steady rise in the span of last 10 years barring several slumps following the downturn in the key equity indices Sensex and Nifty. Tata Consultancy Services is firmly placed above the big IT services provider such as Infosys, Wipro, HCL Technologies and Tech Mahindra not only in terms of revenues but also by the market capitalisation.

The greatest investment wizard of the century, Oracle of Omaha and world’s third richest person Warren Buffett is an avid reader who applies his learnings in foreseeing businesses depending on the respective contemplated potentials. Mr Warren Buffett is very well known for his wisdom and brilliance in the stock markets from many decades now.

Upping the ante in the fight for Essar Steel, Numetal is trying to get control of Odisha Slurry Pipeline Infrastructure (OSPIL) by repaying Odisha Slurry’s dues to lenders. OSPIL is strategically important since its pipelines carry iron slurry to feed Essar Steel’s plant and without access to this pipeline, running the plant could be difficult.

Reliance Jio on Friday announced that its existing Prime members will get to extend their membership for another year free of cost. The company, when it started operations in 2016, had offered Prime membership to users for a year till March 31, 2018, at a one-time charge of Rs 99.

Microsoft has issued a new security patch to fix the earlier security update that was released in January to tackle “Meltdown” vulnerability found in microchips from Intel and other chip-makers. The flaw “CVE-2018-1038” was found in the first patch that was issued to protect Windows 7 x64 or Windows Server 2008 R2 x64 systems from the “Meltdown” vulnerability.

Vodafone India and Idea Cellular are likely to take legal action against Aircel in the next few days to recover their dues, according to people aware of the matter, which will make the duo the first major telecom operators to take such a step against the debt-laden carrier.

Aircel, owned by Malaysia’s Maxis, owes about Rs 60 crore to Idea Cellular including interconnect usage charges (IUC), and a similar estimated amount to Vodafone India, said one of the persons, who did not wish to be identified.

With ICICI Bank embroiled in a controversy over alleged conflict of interest involving its CEO Chanda Kochhar, market regulator Sebi has begun looking into the matter for any possible disclosure and corporate governance-related lapses.

Besides, Videocon Industries and its promoters have come under the regulator's scanner as the matter relates to alleged "quid pro quo" involving loans to the company by a group of lenders, including ICICI Bank and some public sector banks.

Private power generating companies have objected to the sale of power by NTPC to Bangladesh, arguing that domestic coal supply via long-term agreements cannot be used to supply power to other countries.

In a letter to the secretary, Ministry of Power, the Association of Power Producers (APP), the representative body of private power companies, has said bids called by the Bangladesh Power Development Board (BPDB) specifically asked if the power supplied from India had the government’s consent to use domestic coal.

Preparing for a liberalised coal mining regime when private companies will be allowed to commercially mine and sell coal, state-run Coal India is looking at keeping its prices lower than the former by effectively decreasing production costs and attaining higher economies of scale.

According to Gopal Singh, chairman and managing director, Coal India has already been able to decrease production costs by Rs 53 a tonne by increasing the shifts in mines that has reduced a higher proportion of costs as a result of increased production.

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