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Hyundai crosses 8 mn cumulative production milestone in India

Hyundai crosses 8 mn cumulative production milestone in India

New Delhi, Jun 11 () Hyundai Motor India Ltd (HMIL) today said it has crossed 8 million cumulative production milestone since its inception nearly 20 years ago.

The company achieved the landmark with the rolling out of a unit of its newly refreshed SUV Creta, HMIL said in a statement.

E3 2018: Microsoft says working on ‘Netflix’ for video games

E3 2018: Microsoft says working on ‘Netflix’ for video games

Microsoft has said it is working on a new Cloud gaming service as it showcased its commitment to invest in gaming and announced studio acquisitions, tons of new games and new Xbox consoles. The announcement was made by Microsoft ahead of the Electronic Entertainment Expo (E3) 2018, the world’s leading video game show, that is scheduled to held at the Los Angeles Convention Centre from June 12-14.

Infosys announces voluntary delisting of ADSs from Euronext London and Paris; NYSE ADSs to be traded as usual

Infosys announces voluntary delisting of ADSs from Euronext London and Paris; NYSE ADSs to be traded as usual

India’s second-largest IT company Infosys on Monday announced the voluntary delisting of Infosys ADSs (American Depository Shares) from Euronext Paris and Euronext London following the lower average trading volume on the respective stock exchanges. “Infosys Ltd (“Infosys”) (NYSE: INFY) (Euronext Paris and Euronext London: INFY)

After 18 yrs, Antarctica's largest iceberg about to die near equator: NASA

After 18 yrs, Antarctica's largest iceberg about to die near equator: NASA

The largest iceberg ever recorded, that broke away from Antarctica's Ross Ice Shelf 18 years ago, could be nearing the end of its voyage, according to NASA.

When iceberg B-15 first broke away in March 2000, it measured about 296 kilometres long and 37 kilometres wide. B-15 has since fractured into numerous smaller bergs, and most have melted away.

Over 1,300 new FPIs register with Sebi in FY18

Over 1,300 new FPIs register with Sebi in FY18

More than 1,300 fresh foreign portfolio investors (FPIs) were registered with Sebi in 2017-18 on continued interest in the Indian capital markets, as per the regulator's data.

In comparison, close to 3,500 new FPIs were registered with Securities and Exchange Board of India (Sebi) in the preceding financial year.

Coal India's output increases to 567 mn tonnes in FY18: Piyush Goyal

Coal India's output increases to 567 mn tonnes in FY18: Piyush Goyal

State-owned Coal India's output increased by 105 million tonnes (MT) in the last four years to reach 567 MT in 2017-18, Union Minister Piyush Goyal said on Monday.

The remarks come at a time when the country is facing coal shortages.

SBI TO AUCTION 12 BAD A/CS THIS MONTH TO RECOVER OVER RS 1,325CR

SBI TO AUCTION 12 BAD A/CS THIS MONTH TO RECOVER OVER RS 1,325CR

The country’s largest lender SBI will conduct auction of 12 non-performing accounts (NPAs) later this month to recover dues of over Rs 1,325 crore.

The e-auction of these accounts will take place on June 25, according to an SBI notice.

Yes Bank looks beyond fintech startups with a multi sector accelerator program

Yes Bank looks beyond fintech startups with a multi sector accelerator program

Chennai: After tasting success with its fintech accelerator, Yes Bank is now set to launch multi sector accelerator program.

YES SCALE will offer a 15 week program for startups in the areas of smart city, clean tech, Agritech, Lifesciences tech and education tech.

RIL arm plans to raise ₹4,000 crore to fund Reliance Jio, group firms

RIL arm plans to raise ₹4,000 crore to fund Reliance Jio, group firms

Mumbai: Reliance Industrial Investments Holdings Ltd (RIIHL), the investment arm of Reliance Industries Ltd (RIL), is planning to raise ₹4,000 crore to meet the group’s funding and investment requirements, including for its telecom venture Reliance Jio Infocomm Ltd, two people aware of the development said.

Nirav Modi applies for asylum in U.K., claims “political persecution”

Nirav Modi applies for asylum in U.K., claims “political persecution”

Nirav Modi, the billionaire jeweller at the heart of a more than ₹13,578-crore Punjab National Bank (PNB) fraud case in India, has fled to the UK, where he is claiming political asylum, the Financial Times reported on Sunday, citing Indian and British officials.

Britain's Home Office said it does not provide information on individual cases. Nirav Modi could not be contacted by Reuters for comment on the FT report.

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