A 19-year-old gunman opened fire on Wednesday at a Florida high school he had previously been expelled from, killing 17 people before he was arrested by police, authorities said.

The violence erupted shortly before dismissal at Marjory Stoneman Douglas High School in Parkland, about 45 miles (72 km) north of Miami. Live television footage showed students streaming out of the building as dozens of police and emergency services personnel swarmed the area.

In a step towards effective digitization, Indian Oil Corporation Limited in association with Ratnakar Bank Limited (RBL) on Wednesday launched a co-branded pre-paid card facility for its customers at Bhopal.

The card was launched by DK Sharma, Executive Director (Retail Sales), IndianOil, Mr. Vigyan Kumar, Chief General Manager, IndianOil Madhya Pradesh State Office, Shrinath Bolloju, Chief Operating Officer, RBL Bank and Sujata Mohan, Head (Digital Banking), RBL Bank.

New Delhi: Truck makers are preparing to boost production, encouraged by the government’s proposal to raise allocation for infrastructure by more than Rs1 trillion for the year starting 1 April, two people aware of the matter said.

India’s top three truck makers—Tata Motors Ltd, Ashok Leyland Ltd and Volvo Eicher Commercial Vehicles Ltd—have asked their suppliers to ramp up capacity, anticipating an increase in demand for trucks and tippers which are used for road construction, transportation and mining.

Hyundai has just dropped a teaser of its Kona electric SUV that is set to make debut on 27th February. The company had introduced the Kona compact SUV concept last year. Media reports on the internet suggest that the powertrain on the upcoming Hyundai Kona electric SUV has been developed by LG chemicals in collaboration with Hyundai. The new Hyundai Kona will be launched in the United States in the second quarter of 2018. The electric SUV will come with two powertrain choices that will offer a total range of 470 to 500 km per single full charge.

Benchmark Sensex succumbed to fag- end profit-booking to end 144 points lower today after banking stocks tumbled on RBI's new norms for recognising stressedassets.

Punjab National Bank (PNB) plunged 9.81% after the state-owned lender said it has detected fraudulent transactions worth USD 1.77 billion (about Rs 11,335 crore). In a bid to hasten the resolution of bad loans, the RBI has tightened rules to make banks identify and tackle any non-payment of loans rapidly.

The biggest real estate developer in the country, DLF, is planning to get rid of its entire debt in 2018-19 (FY19), after a stellar performance in the October-December (Q3) quarter of this financial year (FY18).

In Q3FY18, DLF’s profit jumped nearly 42 times to Rs 40.91 billion, after it sold a stake in its rental arm to GIC. In the same period of FY17, its profit was Rs 980 million.

Punjab National Bank (PNB) has dipped 9% to Rs 133 in early morning trade on Thursday, extending its previous day’s 10% decline on BSE, after the state-owned bank said on Wednesday it had been defrauded of about Rs 114 billion by jeweller Nirav Modi, his maternal uncle Mehul Chinubhai Choksi, and other relatives through a clutch of companies they own.

Amid the debate on whether procurement of grains under price deficiency scheme with the newly announced formula of 1.5 times over the A2+FL cost will balloon public expenditure, a report by State Bank of India (SBI) presents a contrarian view.

The report prepared by its Chief Group Economic Advisor Soumya Kanti Ghosh shows that combined cost if a price deficiency based market intervention scheme is implemented for wheat, paddy, bajra and maize on a conservative basis would be less than Rs 115 billion.

The Securities and Exchange Board of India (Sebi) is readying a framework for issuance of participatory notes (p-notes) from the international financial services centres (IFSCs) such as GIFT City. P-notes are derivative instruments that allow overseas investors to invest in a domestic security without having to directly register with Sebi. The market regulator is in talks with foreign portfolio investors (FPIs), which act as issuers of P-notes, according to sources.

One of India’s leading telecom operator, BSNL has announced a new prepaid plan dubbed ‘Maximum’ on the occasion of Maha Shivaratri. Under this new prepaid plan which is priced at Rs 999, BSNL offers 1GB data per day and unlimited calling for six months. This new Maximum plan is applicable across all the circles, except NE, Jammu & Kashmir and Assam. It offers voice calling, SMS and data benefits like every other tariff plan launching these days from all the operators.

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