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2018 Hyundai Kona teased ahead of LA debut: Will take on the Jeep Compass after India launch next year

2018 Hyundai Kona teased ahead of LA debut: Will take on the Jeep Compass after India launch next year

The Los Angeles motor show is all set to kick-start next week and auto makers are also ready with their products to be showcased at the event. Hyundai will be coming up with its US-spec Kona crossover and the brand has recently teased it in images. Currently, there are not much details about the Hyundai Kona but it should have a resemblance to the model that is sold in other global markets. The new Hyundai Kona will be revealed with two four-cylinder petrol engine options. The standard model will draw its power from a 2.0-litre naturally aspirated mill that is capable of producing power close to 147 hp along with 179 Nm of torque.

Illegal admissions: Medical college to pay Rs 10 lakh each to 150 students

Illegal admissions: Medical college to pay Rs 10 lakh each to 150 students

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 hits over three-month high; stock up 10% in November

Infosys hits over three-month high; stock up 10% in November

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.

Five years on, Aam Aadmi Party looks to expand its base across India

Five years on, Aam Aadmi Party looks to expand its base across India

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.

Reliance Industries’ double-digit refining margins to stay

Reliance Industries’ double-digit refining margins to stay

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.

DRDO lab developing booster propellant for BrahMos missile

DRDO lab developing booster propellant for BrahMos missile

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.

Gurgaon Police registers FIR against PVR’s directors, promoters for cheating, forgery

Gurgaon Police registers FIR against PVR’s directors, promoters for cheating, forgery

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.

SBI pushes for digital to improve cost efficiency

SBI pushes for digital to improve cost efficiency

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.

BPCL launches two new tenders seeking LNG cargo for delivery: Sources

BPCL launches two new tenders seeking LNG cargo for delivery: Sources

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.

Rupee trades marginally higher against US dollar

Rupee trades marginally higher against US dollar

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.

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