In an early morning development, security forces have eliminated five terrorists in Tangdhar sector of Jammu and Kashmir. Tangdhar sector is located in Kupwara district of North Kashmir. The forces foiled an infiltration bid by terrorists and managed to gun them down. Massive search operation is underway to check if there are any remaining terrorists in the region, confirmed Defence spokesperson Colonel Rajesh Kalia. This is seen as a major win for the forces .

Unhappy with projections for 2018-19 made by Punjab National Bank (PNB) in a presentation, the finance ministry has asked the fraud-hit lender to give another presentation with “realistic numbers”, sources said. The department of financial services (DFS) held a meeting with the top management of PNB on Thursday, following fears that the bank may slip into the Reserve Bank of India’s (RBI’s) prompt corrective action (PCA).

NEW DELHI: Gone are the days when you could return your Amazon orders as you like, now it might get you banned from the brand’s service. As per the latest update, Amazon recently banned consumers from making purchases on their site for practices like returning too many items.

Hyundai Indian launched the 2018 Elite i20 during the Auto Expo this in February, with a promise that a CVT would be launched in the coming months as well. And now, the Elite i20 CVT has been launched in the country at a starting price of Rs 7.04 lakh (ex-showroom, Delhi), that makes it the most affordable car with a CVT gearbox in the segment. The CVT option will be available in two variants of the 2018 Elite i20 - Magna and Asta, which is priced at Rs 8.16 lakh (ex-showroom).

In a jolt to private power producers, the government has ordered Coal India Ltd to make ‘out-of-turn’ allotment of scarce coal to central and state electricity generation companies. The order follows a Coal Ministry directive earlier this month that instructed companies like Mahanadi Coalfields Ltd to deploy rakes of coal only for power plants and not other users like captive power plants of private industries.

Market regulatory Sebi has served a notice on ICICI Bank CEO and MD Chanda Kochhar on dealings of the bank with Videocon Group and Nupower, an entity in which her husband Deepak Kochhar has economic interests, the private sector lender said on Friday.

Appropriate response would be submitted to the Sebi, the country's largest private bank said in a stock exchange filing.

Essar Steel lenders have moved the National Company Law Appellate Tribunal seeking an early hearing of appeals filed by suitors for the insolvency-bound firm, saying they are losing a lot of money because of the delays.

The NCLAT had on May 22 ordered status quo on insolvency of Essar Steel for two months as it admitted petitions of NuMetal and ArcelorMittal over the bidding eligibility.

TVS Motors is planning to assemble vehicles in Bangladesh in partnership with state-owned Atlas Bangladesh Limited. Outside India, TVS Motor currently manufactures vehicles only in Indonesia, through which it caters to both domestic and international markets.

President Donald Trump on Thursday abruptly canceled his summit with North Korea’s Kim Jong Un, blaming “tremendous anger and open hostility” by Pyongyang a decision North Korea called “regrettable” while still holding out hope for “peace and stability.”

In a letter to Mr. Kim announcing his decision to back away from the June 12 summit, Mr. Trump pointed to America’s vast military might and warned the rising nuclear power against any “foolish or reckless acts.”

The BSE Sensex rose over 187 points in early trade extending Thursday’s rally on robust buying in IT, energy and banking stocks amid unabated purchases by domestic institutional investors.

Asian shares were mixed after US President Donald Trump cancelled a planned meeting with North Korean leader Kim Jong Un.

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