A large near-Earth asteroid will pass safely by our planet on September 1, at a distance of seven million kilometres, or about 18 Earth-Moon distances, according to NASA.

Asteroid Florence is among the largest near-Earth asteroids that are several miles is size. Measurements from NASA’s Spitzer Space Telescope and NEOWISE mission indicate it is about 4.4 kilometres in size.

STOCKHOLM: Swedish auto giant Volvo is betting on economic reforms of the Narendra Modi government, including the recently introduced goods and services tax, for growth in India, adding that there is scope to improve the flexibility of hiring and firing labourers in the country.

“The Narendra Modi government is driving the development agenda. The number of reforms, including GST, will work as an engine in developing a modern India,” Martin Lundstedt, President of the Volvo Group, told ET.

The BSE benchmark Sensex fell nearly 208 points and Infosys tanked over 7 % in early trade after Vishal Sikka resigned as MD and CEO with immediate effect.

Besides, weak global cues on a deadly attack in Spain and rising concerns over the fate of US President Donald Trump's economic agenda also influenced investors sentiment.

Apple Inc plans to spend about $1 billion on original programming in the next 12 months, intensifying efforts to compete with Amazon.com and Netflix in video streaming, according to people familiar with the plan.

A new Los Angeles-based team, led by former Sony Corp television executives Jamie Erlicht and Zack Van Amburg, who were hired in June, will produce and buy television shows and films for Apple Music and other future video streaming products, said the people, who asked not to be identified because the plans are private. The Wall Street Journal reported the new budget earlier Wednesday. An Apple spokesperson declined to comment.

With competition getting hotter in the affordable housing finance sector, private lender Axis Bank will waive 12 equated monthly installments (EMIs) on regular repayments of loans of up to Rs 30 lakh under the new scheme Shubh Aarambh Home Loans.

The lender has introduced Shubh Aarambh Home Loans, in which 12 EMIs are waived — four EMIs each after the fourth, eighth and 12th year — from the date of the first disbursement. The waiver will be in the form of reduction in tenure.

Vishal Sikka on Friday resigned as the chief executive (CEO) and managing director (MD) of Infosys Technologies, India’s second-largest software services company. While the board of Infosys accepted the resignation of Sikka with immediate effect and appointed U B Pravin Rao as the interim CEO & MD, Sikka has been appointed the executive vice-chairman of the company.

In a BSE filing, Infosys said Sikka reiterated his belief in the great potential of Infosys, but cited among his reasons to leave a continuous stream of "distractions and disruptions over the recent months and quarters, increasingly personal and negative as of late, as preventing management's ability to accelerate the Company's transformation”.

Apollo Hospitals Enterprise has slipped 7% to Rs 1,069, its lowest level since October 23, 2014 on BSE, in an otherwise firm market.

The National Pharmaceutical Pricing Authority (NPPA) on Wednesday fixed the price for primary knee replacement of titanium alloy at Rs 38,740 while the price for revision knee replacement of any material was pegged at Rs 62,770.

Seoul: Hyundai Motor Co. said on Thursday it will launch a long-range electric vehicle with a driving range of 500km (311 miles) per charge after 2021, seeking to address investor concerns that it is lagging rivals in the green car race.

The automaker and affiliate Kia Motors Corp., which together rank fifth in global vehicle sales, also said they are planning 31 eco-friendly models by 2020, up from a previously flagged 28. The new additions include three plug-in hybrid vehicles, which come on top of eight battery-powered cars and two fuel-cell vehicles.

New Delhi: The country’s largest carmaker Maruti Suzuki India (MSI) on Thursday launched a sporty version of its mid-sized sedan Ciaz with petrol variant tagged at Rs9.39 lakh (ex-showroom Delhi).

The diesel smart hybrid trim of the ‘Ciaz S’ version, which comes with all new premium black interiors with grey chrome finishing, is priced at Rs11.55 lakh.

Bengaluru: HDFC Bank on Thursday cut interest rates on most of its savings accounts to 3.5% from 4%.

Customers with savings bank account balance of Rs50 lakh and above will continue to earn interest at 4% per annum, the lender said in a statement.

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