New Delhi: The Indian Railways seems to be in love with mobile apps and vice-versa—a trend that seems to have picked up in the last four-five years.

As a result, in a short span, the Google Play app store has seen more than 250 mobile applications offering a range of railway services. Of these, close to 50 mobile applications have been developed by the national carrier and the rest by individuals and private companies.

As IT major Infosys completed 25 years of its listing on the stock exchange, a former senior official of the firm paid rich tributes to the co-founder N R Narayana Murthy for creating the “dream” company.

“I don’t think the country is going to see one more Infosys again because Infosys has been a dream company for many generations,” says ex-Chief Financial Officer V Balakrishnan.

The government has decided not to go ahead with Air India stake sale in an election year and will provide required funds for its operations, a senior official said today.

The decision comes less than 3 weeks after the proposed 76 per cent strategic stake sale in debt laden national carrier failed to attract any bidder.

Reliance Communications (RCom) subsidiary Global Cloud Xchange (GCX) on Tuesday announced the completion of India data centre for Eagle Subsea Network, scheduled to be fully operational by 2020.

The Eagle express cable system, when it lands in Mumbai, will drive tremendous capacity towards Hong Kong and Europe.

Shares of UltraTech Cement, NTPC, Bharti Infrastructure, Tata Power Company, Vedanta, India Cements and Shree Cement were among 19 stocks from the S&P BSE 500 index hitting their respective 52-week lows on the BSE.

CG Power & Industries, Cummins India, Inox Wind, JK Lakshmi Cement, Kirloskar Oil Engines, Mangalore Refinery Petrochemicals (MRPL), Manpasand Beverages, Motilal Oswal Financial Services and NHPC too hit their respective 52-week lows today.

Amid calls for a boycott and employee dissent over its cloud-computing deal with the United States Immigration and Customs Enforcement (ICE), Microsoft issued a statement saying that the company “is dismayed by the forcible separation of children from their families at the border.” The ICE is currently under fire from both sides of the political spectrum for separating migrant parents from their children at the United States-Mexico border.

New Delhi: The football World Cup has kicked off a boom in television sales in India, a country that has never participated in the world’s most-watched sports event. TV sales in India, which have been growing at a stable annual pace of 6% a year, have seen a sudden spurt ahead of the World Cup with Sony, Samsung and Xiaomi expecting sales to continue to be brisk throughout the duration of the month-long event, particularly in markets such as West Bengal, Kerala and the Northeast.

Bengaluru: One97 Communications Ltd which owns payments app Paytm on Tuesday announced the acquisition of New Delhi-based technology start-up Cube26. The transaction size was not disclosed.

A Paytm statement said the acquisition will help the company upgrade user experience over its mobile platform.

Axis Bank, the country’s third-largest private bank by assets, on Monday raised marginal cost of funds-based lending rates (MCLRs) by 10 basis points (bps) across tenures, following similar hikes by its peers earlier this month. The one-year MCLR at the bank now stands at 8.6%. This is the fourth rate hike by the lender in calendar year 2018.

Mumbai: Madrid-based developer of large-scale solar power plants, Fotowatio Renewable Ventures (FRV), is in talks to sell its 100-MW power project in India in a deal worth Rs 500-600 crore, according to two people aware of the development.

FRV is talking with various investors such as Macquarie Infrastructure and Real Assets (MIRA), green infra JV between PE fund Everstone Group & UK-based Lightsource BP’s Eversource Capital and Edelweiss Infrastructure Yield Plus Fund, said one of the persons cited above.

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