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India stiffens restrictions on trade with North Korea

India stiffens restrictions on trade with North Korea

India has put in place a stricter regime for trade with North Korea in line with the restrictions imposed by the United Nations.

The Directorate General of Foreign Trade (DGFT) has come out with a notification to widen the prohibition on direct or indirect import and export from/to North Korea.

Upcoming Jewar airport project may hit IGI's business

Upcoming Jewar airport project may hit IGI's business

The upcoming Jewar airport is likely to hit business of the GMR group that runs the Delhi's Indira Gandhi International (IGI) Airport.

Almost a month after the Yamuna Expressway Industrial Development Authority set up an eight-member committee to take up the task of acquiring land for building Jewar International Airport, the GMR group that runs Delhi airport, has said the upcoming project will be a challenge and impact its business.

Sebi bans Grass Root Finance, 13 other firms from capital markets

Sebi bans Grass Root Finance, 13 other firms from capital markets

Regulator Sebi has banned Grass Root Finance & Investment Company (India) Ltd and 13 others from the capital markets for raising funds without complying with the public issue norms.

A probe by Sebi found that the company had issued equity shares to 9,321 people between 1995-96 and 2006-07 and raised Rs 6.80 crore through such issuance.

Microsoft spots security flaw in Google Chrome that hackers can exploit

Microsoft spots security flaw in Google Chrome that hackers can exploit

Microsofts Windows security team has discovered a remote security flaw in Google Chrome that can be exploited by hackers.

"Our discovery of 'CVE-2017-5121' indicates that it is possible to find remotely exploitable vulnerabilities in modern browsers. Chrome's relative lack of remote code execution (RCE) mitigations means the path from memory corruption bug to exploit can be a short one," wrote Jordan Rabet, member of the Microsoft Offensive Security Research team, in a blog post late on Thursday.

IOC sees possible setback due to GST despite 5-6% growth

IOC sees possible setback due to GST despite 5-6% growth

CHENNAI: With GST resulting in a 10% decline in MRP prices for lubricants, Indian Oil Corp might see its lubricant division post $1.1 billion in revenues, almost the same that it earned in 2016-17. While demand continues to climb from auto OEMs, the PSU faced a slump from construction, cement and steel sectors. "But since August, we have been seeing demand go up as infrastructure growth is spurred on the back of the PM's affordable housing programme," says K L Murthy, ED, Lubes.

Muhurat trading: Sensex closes lower in first trading session of Samvat 2074

Muhurat trading: Sensex closes lower in first trading session of Samvat 2074

Mumbai: The BSE Sensex surrendered early gains to end over 194 points lower at 32,389.96 in a special Muhurat trading session on Thursday to mark the beginning of Hindu Samvat year 2074.

Banking stocks led the fall as participants booked profits to write their first entry with gains on the first session of Samvat 2074, brokers said. The broader NSE Nifty too dipped below the 10,200-mark in the special one-hour Muhurat session.

Google wants to train other companies to use its AI tools

Google wants to train other companies to use its AI tools

San Francisco: As Google’s boss, Sundar Pichai has put artificial intelligence at the center of almost everything the internet giant does these days. Now he wants other companies to catch up.

Alphabet Inc.’s Google is starting what it calls an “AI crash course” of free online tutorials, scripted by its staff, on how to write software that trains computers to translate text, sort images and understand videos. The courses are designed for software coders new to machine learning, one of the most useful types of AI.

Maruti Suzuki enhances its Maruti Care mobile app

Maruti Suzuki enhances its Maruti Care mobile app

Maruti Care, the service app by Maruti Suzuki, is in a new avatar. According to the company, the app will “take the customer convenience to the next level with its many new features.” Customers, for example, can now get easy on-click service booking for their cars and check the status of their vehicle being serviced from the comfort of their home or workplace. Customers also have the option of paying the bills digitally through an integrated payment solution which facilitates them with secured transaction from anywhere. Through this app, customers can avail GPS-enabled emergency on-road assistance using their smartphone.

Volvo Polestar unveils its first car Polestar 1

Volvo Polestar unveils its first car Polestar 1

In June, Volvo Cars has announced that Polestar, its performance car arm, will become a separately-branded electrified global high performance car company. On Thursday, the new Polestar revealed its future as a standalone electric performance brand. It confirmed plans for its first three models, a new purpose-built production facility in China and a customer-focused route to market that, it says, will set an industry benchmark for performance vehicles. Polestar unveiled the 600bhp Polestar 1, its first car, which is set to roll off the production line in mid-2019.

Disinvestment-bound Air India now looks for Rs 1,500 crore short term loans

Disinvestment-bound Air India now looks for Rs 1,500 crore short term loans

Disinvestment-bound Air India has sought proposals for short term loans worth Rs 1,500 crore to meet “urgent” working capital needs, according to a document. This is the second time in little over a month that the flagship carrier has floated tenders for short tenure loans even as the government is working on the modalities for the stake sale. The debt-laden carrier, which is surviving on taxpayers’ money, is battling multiple headwinds, including financial woes and stiff competition. In a document issued on October 18, Air India said it is looking for “government guarantee backed Indian Rupee short term loans totalling up to Rs 1,500 crore to meet its urgent working capital requirements”.

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