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L&T commissions 360 MW Bheramara power plant in Bangladesh

L&T commissions 360 MW Bheramara power plant in Bangladesh

Engineering major Larsen & Toubro today said it has commissioned and handed over the 360 MW Bheramara power plant in Bangladesh.

The Bheramara Combined Cycle Power Plant Development project was handed over to North West Power Generation Company Ltd (NWPGCL), a fully-owned subsidiary of Bangladesh Power Development Board (BPDB), on January 5, 2018, it said in a BSE filing.

ISRO eyes its 100th satellite; to launch 31 satellites on January 12

ISRO eyes its 100th satellite; to launch 31 satellites on January 12

India will launch ISRO's 100th satellite along with 30 others in a single mission on January 12 from Sriharikota, in a milestone event in the country's space history. The Indian Space Research Organisation (ISRO) said it was "back in the game" with the launch, the first Polar Satellite Launch Vehicle (PSLV) mission after the unsuccessful launch of the navigation satellite IRNSS-1H in August last.

Relief for Indian techies, US says no change in H-1B visa extension

Relief for Indian techies, US says no change in H-1B visa extension

In a relief for Indian techies, US authorities today said that the Trump administration is not considering any proposal that would force H-1B visa holders to leave the country.

The announcement by the US Citizenship and Immigration Services (USCIS) came days after reports emerged that the Trump administration was considering tightening H-1B visa rules that could lead to deportation of 7,50,000 Indians.

India rejects US solar claim at WTO, explores new defence

India rejects US solar claim at WTO, explores new defence

GENEVA: India hit back on Monday at Washington's latest legal assault on its solar power policies+ at the World Trade Organization, rejecting a US legal claim and exploring possible new protection of India's own solar industry.

Last month, the United States had triggered a new round of litigation at the WTO, arguing that India had failed to abide by a ruling that it had illegally discriminated against foreign suppliers of solar cells and modules.

Govt to go ahead with Air India strategic divestment

Govt to go ahead with Air India strategic divestment

NEW DELHI: The government will push ahead with the stake sale in Air India and hopes to wrap up the transaction by June, according to government sources.

The Union Cabinet gave an in-principle approval for Air India's strategic disinvestment in June last year and a panel of ministers headed by FM Arun Jaitley is now devising the strategy for executing the sale.

Supreme Court set to review 2013 verdict criminalizing homosexuality

Supreme Court set to review 2013 verdict criminalizing homosexuality

New Delhi: The Supreme Court on Monday agreed to revisit its 2013 ruling criminalizing consensual sex between same sex adults, clearing the way for a fresh round of debate on a controversial colonial-era law governing homosexuality in India.

This follows the apex court’s August judgement which held privacy to be a fundamental right, extending its scope to the sexual orientation of a person as an essential attribute.

Madagascar cyclone kills 29, displaces thousands

Madagascar cyclone kills 29, displaces thousands

A cyclone that hit eastern Madagascar over the weekend killed at least 29 people and injured three others while two people were reported missing, authorities said on Monday.

Tropical Cyclone Ava passed through Madagascar on Friday and Saturday, hitting mostly the eastern coast of the island with wind speeds of between 140-190 kph (87-119 mph).

Jefferies rates Ashok Leyland ‘hold’

Jefferies rates Ashok Leyland ‘hold’

We assume Ashok Leyland at Hold with price target of Rs 130. We expect 10-15% growth in M&HCV industry over FY18-20e, but this is priced, in our view. A pause in market share gain and high volatility in monthly/quarterly growth figures are potential headwinds. Growth in LCVs, exports and defence is likely to accelerate but is unlikely to be material enough. Early introduction of fleet modernisation policy is a key upside risk not factored into our estimates.

Bitcoin slides as website drops South Korea prices from virtual currency rates

Bitcoin slides as website drops South Korea prices from virtual currency rates

Bitcoin sank on Monday after website CoinMarketCap removed prices from South Korean exchanges from its calculations of digital currency rates without any warning, resulting in a steep drop in all virtual coins they track. CoinMarketCap shows real-time prices and market capitalizations for more than 1,300 cryptocurrencies and is widely followed by market participants. The exclusion of data from South Korean exchanges, where virtual currencies trade at a wide premium, sowed confusion and triggered a broad selloff.

Air India plans to fly Delhi-Los Angeles non-stop soon

Air India plans to fly Delhi-Los Angeles non-stop soon

NEW DELHI: Air India is going to increase the frequency of its nonstops to the US and Australia, apart from linking Los Angeles directly to Delhi by this summer. It also plans to tackle the frequent failure of the back-of-seat in-flight entertainment systems in premium classes of longhauls by giving personal electronic devices, like tablets, with content for the duration of the flight.

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