The Supreme Court on Thursday directed a medical college in Lucknow to grant compensation of Rs 10 lakh each to the 150 students it had admitted in the MBBS course without formal permission from the government, according to the Times of India.

The apex court has also slapped a fine to the tune of Rs 25 lakh on the medical college. The college, run by the GRCG Memorial Trust, was one of the 32 institutions that the Medical Council of India had barred from admitting medical students till 2019 due to substandard facilities.

Infosys hit a three month high of Rs 1,011, up 2% on Friday, extending Thursday’s 2.6% gain on the BSE ahead of commencement of the company’s proposed Rs 13,000 crore share buyback programme from November 30, 2017.

The stock of information technology (IT) bellwether was quoting at its highest level since August 18, 2017. It is 3% away from its 52-week high of Rs 1,045 touched on January 13, 2017.

New Delhi: On 26 November 2012, activist-turned-politician Arvind Kejriwal officially launched the Aam Aadmi Party (AAP). A unique political experiment and the product of a high-profile anti-corruption campaign, the party shot to limelight with a promise of ‘alternative politics’.

Five years after its launch, AAP under Delhi chief minister Kejriwal has seen it all—a strong volunteer base, a stunning victory in the 2015 Delhi polls, contesting its first Lok Sabha elections within 18 months of being launched, and internal organizational troubles leading to a split.

Mumbai: Severe under-utilisation of refining assets in four countries—Argentina, Mexico, Brazil and Venezuela—and Reliance Industries Ltd’s (RIL) shift in feedstock towards ethane will boost refining margins for RIL, according to analysts. RIL exports majority of its products from its twin refineries in Jamnagar, Gujarat.

“Utilization of the Latin American refineries does not appear to be improving any time soon. This would enable RIL to continue clocking GRM (gross refining margin) of 11.5 per barrel during FY19-20,” said Motilal Oswal Securities Ltd in its report dated 13 November.

A solid propellant used as booster for the BrahMos supersonic cruise missile, which was successfully test fired from a Sukhoi-30 fighter jet on Wednesday, is being developed by Pune-based High Energy Materials Research Laboratory (HEMRL) of the Defence Research and Development Organisation (DRDO). HEMRL Director KPS Murthy, who was speaking to reporters on the sidelines of the inauguration of the 11th International High Energy Materials Conference and Exhibits (HEMCE-2017), made the announcement on Thursday.

The Gurgaon Police has registered an FIR against PVR Cinemas, and its promoters and directors on charges of cheating and forgery on the directions of a Gurgaon civil court. Its promoters Ajay Bijli, Sanjeev Kumar Bijli, Niharika Bijli and eight others have been booked under relevant sections of the IPC for selling stocks at inflated value of Rs 820 crore illegally and causing loss to Gurgaon-based real estate companies.

The FIR was registered at the Sushant Lok phase-1 police station on Wednesday. The case came to light when Elan Group filed a complaint in the court, which on November 17 directed the local police to register an FIR against Chairman and Managing Director of PVR Limited Ajay Bijli, and directors Niharika Bijli, Sanjeev Kumar Bijli and others.

Public lender State Bank of India (SBI) is taking the digital route for both customer interface and back-end processes to improve its cost efficiency.

Chairman Rajnish Kumar said the lender’s digital initiatives have twin objectives —offering a new and innovative product to the customers as well as improving the bank’s cost efficiency. “The ultimate idea is customers should get enhanced experience. It should also result in cost efficiencies for the bank through optimisation of bank power, which we intend to use more and more for sales and customer interface, rather than most of our manpower being involved in the back-end processes,” he said.

Bharat Petroleum launched a tender seeking a spot liquefied natural gas (LNG) cargo for delivery in January and a separate tender for three cargoes for May, August and October, trade sources said.

Bharat seeks a spot cargo for January 19-21 delivery into the Dahej import terminal, with bids due on or before December 5 and the award due to be made on December 7, one trader said.

Mumbai: The Indian rupee on Thursday strengthened marginally against the US dollar, tracking gains in the local equity and Asian currencies markets.

At 2pm, the home currency was trading at 64.79 a dollar, up 0.23% from its Wednesday’s close of 64.93. The rupee opened at 64.85 a dollar and touched a high and a low of 64.76 and 64.89, respectively.

State Bank of India will be launching a comprehensive lifestyle and financial services platform called YONO (you need only one) for its customers.

If you are shopping and run out of cash the app enables you to avail apre -approved personal loan without any paperwork. Besides being a shoppers' paradise it will also undertake a gamut of banking services.

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