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Rajinikanth to meet fans on Dec 26; political entry announcement expected

Rajinikanth to meet fans on Dec 26; political entry announcement expected

Actor Rajinikanth is all set to meet his fans for six days, beginning December 26, giving rise to expectations that he might finally announce his long expected political entry.

Rajinikanth, who has stridden the Tamil cine world like a colossus for the past four decades and enjoys almost a demigod-like status among his legion of followers, might make public his political entry during his address to fans.

Post battery fiasco, Apple faces twin lawsuits over slowing down of iPhones

Post battery fiasco, Apple faces twin lawsuits over slowing down of iPhones

After confirming that it is deliberately slowing down older iPhones to avoid the devices from shutting down owing to old batteries, Apple is now facing two class-action lawsuits from the iPhone users in the US.

Sulaiman Law Group, Ltd, which operates as Atlas Consumer Law, is representing several plaintiffs in a class-action complaint against Apple in Illinois.

SEBI raids 30 brokers as it steps up probe over prescient WhatsApp chats

SEBI raids 30 brokers as it steps up probe over prescient WhatsApp chats

Dozens of Indian securities officials descended on the homes of brokers and others on Friday in a widespread early morning raid in Mumbai, and possibly other cities, a regulatory source said.

The Securities and Exchange Board of India (SEBI) raids are a sign that a probe by the regulator is gathering steam. The investigation is looking into who was responsible for circulating prescient messages about major Indian companies' corporate announcements in social media chatrooms, according to the regulator.

Infosys completes Rs 13,000 crore buyback

Infosys completes Rs 13,000 crore buyback

IT services major Infosys on Saturday said it has completed its Rs 13,000 crore buyback programme that saw participation from Sudha Gopalakrishnan, Rohan Murty and LIC among others.

The buyback scheme - a first in the company's over three decade history commenced on November 30 and closed on December 14.

Yes Bank sets up Medium Term Note programme to raise $1 billion

Yes Bank sets up Medium Term Note programme to raise $1 billion

Private sector lender Yes Bank today said it has established a Medium Term Note programme to raise $1 billion (over 6,400 crore) by issuing debt securities on private placement basis. “…The Bank has, on December 22, 2017, established a Medium Term Note programme for an amount of $1 billion, in order to enable the bank to issue debt instruments in the international capital markets, to eligible investors, from time to time, in one or more tranches and/or series,” Yes Bank said in a regulatory filing.

Air Deccan begins services on Mumbai-Jalgaon route; to stimulate demand in smaller cities

Air Deccan begins services on Mumbai-Jalgaon route; to stimulate demand in smaller cities

Looking to ride the economic boom, Air Deccan will aim to stimulate air travel demand in smaller cities rather than compete with big players, its founder Captain G R Gopinath said today ahead of the launch of its maiden flight under the regional air connectivity scheme. Nearly a decade after bidding adieu to scheduled air services, Air Deccan would today start services on Mumbai-Jalgaon route.

2G Scam: A Raja, Kanimozhi arrive in Chennai, get thunderous welcome

2G Scam: A Raja, Kanimozhi arrive in Chennai, get thunderous welcome

Two days after a special court found the UPA telecom minister A Raja, DMK leader, and MP Kanimozhi were not guilty in the 2G spectrum case, the duo arrived in Chennai. The Chennai International Airport was swamped with DMK supporters with huge posters of Kanimozhi, A Raja along with DMK leader MK Stalin was seen at the venue.

BJP wins majority in Gujarat elections but urban-rural divide quite prominent in PM Modi’s home state

BJP wins majority in Gujarat elections but urban-rural divide quite prominent in PM Modi’s home state

The Bharatiya Janata Party (BJP) victory in Gujarat was largely based on the support it received in the urban areas. In rural areas, however, the Congress generally held sway. As a result, the urban-rural divide, or what has been called the gulf between “India” and “Bharat”, was quite prominent in the state.

Rewa solar to bring Rs 3,306 cr saving in tariff and power DMRC trains

Rewa solar to bring Rs 3,306 cr saving in tariff and power DMRC trains

The Rewa Ultra Mega Solar (RUMS) park will save Rs 2,086 crore for Madhya Pradesh government's power utilities and Rs 1,220 crore for Delhi Metro over 25 years. The marque project of the state government in February 2017 threw up record low tariff of Rs 2.97 a unit (kilowatt/hour) during bidding.

Best year for IPOs, NSE can't go public

Best year for IPOs, NSE can't go public

The National Stock Exchange of India (NSE) hosted many of India's initial public offerings (IPO's) in what's been the best-ever year for new listings. Unfortunately for its shareholders, the NSE itself missed out on the party.

The operator of the country's dominant bourse shelved plans to list this year because of an investigation into whether the exchange gave high-frequency traders unfair access to its systems.

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