LONDON: Curries have always found favour in the UK. It seems that preference is now ex tending to all things `masala' or more precisely, masala bonds.

The London Stock Exchange (LSE) saw listing of these bonds worth Rs 7,000 crore in two days. If it was surface transport minister Nitin Gadkari launching Rs 5,000 crore worth of NHAI bonds on Thursday, it was power, coal and renewable energy minister Piyush Goyal's turn on Friday to kick off trading of papers worth Rs 2,000 crore from India's biggest generation utility, NTPC.

Hyderabad, May 12 (PTI): The Securities Appellate Tribunal today directed Sebi to pass a fresh order in the Satyam case with respect to the quantum of punishment given to the erstwhile company's founder B. Ramalinga Raju and four others.

While agreeing with Sebi's finding that the individuals violated regulations, the tribunal said the decision to uniformly restrain all the appellants from accessing the securities market for 14 years "without assigning any reasons is unjustified".

Xiaomi is increasing its office retail presence in China as bids to gain ground stolen by rivals in its homeland, and now it is making that very same push in its second largest market, India.

The Chinese company, which is valued at $45 billion, suffered a tough time last year as sales growth slowed — Xiaomi, notably, didn’t go public with sales figures for 2016 — but India has been a bright spot.

New Delhi: PNB Housing Finance has reported a jump of 49% in its net profit to Rs 152.4 crore for last quarter ended March 2017 on healthy net interest income.

The company’s net profit in corresponding March quarter of the previous fiscal stood at Rs 102.60 crore.

The hearing on businessman Vijay Mallya’s extradition from the United Kingdom has been deferred to June 13, Britain’s Crown Prosecution Service (CPS) has said.

The CPS will be arguing on behalf of the Indian authorities when the extradition case comes up for hearing at the Westminster Magistrates’ Court in London on June 13. The hearing was earlier scheduled for May 17.

Idea Cellular Ltd, India's third-biggest telecoms operator, posted its second straight quarterly loss after a rival carrier's free services hit sales and eroded margins.

The free offerings of Reliance Industries' telecoms venture Jio, which started operations late last year, have sparked a fierce price war in the world's second biggest mobile phone market, forcing rivals such as Idea to launch cheap service plans.

Private sector lenders might have substantially under-reported their bad loans, the ensuing provisions and their impact on net profit in FY16, disclosures mandated by the Reserve Bank of India (RBI) revealed. YES Bank, for instance, on Friday said it had under-reported gross non-performing assets (NPAs) to the tune of `4,177 crore in FY16. According to its FY17 annual report, while the bank had reported gross NPAs of Rs 749 crore in FY16, the RBI supervision found the gross NPAs to be at `4,926 crore in the same period.

A global cyberattack leveraging hacking tools widely believed by researchers to have been developed by the US National Security Agency hit international shipper FedEx, disrupted Britain's health system and infected computers in nearly 100 countries on Friday.

Cyber extortionists tricked victims into opening malicious malware attachments to spam emails that appeared to contain invoices, job offers, security warnings and other legitimate files.

Two civilians have been killed as Pakistan Army continued its unprovoked ceasefire violation in Nowshera sector of Jammu and Kashmir on Saturday, to which the Indian troops are giving a befitting reply.

Three civilians has been injured, and have been rushed for immediate treatment. 'Pakistani Army initiated indiscriminate firing of small arms, automatics, 82 mm and 120 mm mortars from 0715 hours along the Line of Control (LC) in Naushera sector," said an official statement.

India has become a land of software developers with the country accounting for the third largest number of such professionals, a senior Microsoft official has said.

Driven by immense opportunities that the Indian government's digitisation programme has offered and the fact that it opens up a new vista of more than a billion plus market inside the country, there is a new level of enthusiasm and confidence among the Indian developers community, said Narendra Bhandari, GM Developer Group in India, Microsoft.

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