ISRO, on June 23 had launched the PSLV C38 from Satish Dhawan Space Centre (SDSC) SHAR, Sriharikota. The launch vehicle mainly carried the 712 kg Cartosat-2 series satellite for earth observation, but it also had 30 more satellites on board. Among the 30 smaller satellites, were 6 prototypes of interstellar spacecraft. The tiny interstellar spacecraft are also known as sprites, and they are the smallest that the world has seen. A report in Times of India said that Russian billionaire investor Yuri Milner and famous cosmologist Stephen Hawking are together working on an ambitious project called Breakthrough Startshot, and the six small sprites are a part of that research.

State Bank of India, the largest commercial bank in the country, has introduced a 2-tier saving bank interest rate w.e.f. July 31, 2017. While the balance above Rs 1 crore will continue to earn interest at 4% per annum, interest at 3.5% rate will be offered on balances of Rs 1 crore and below, SBI informed BSE Ltd today.

The decline in the rate of inflation and high real interest rates are the primary considerations for warranting a revision in the rate of interest of savings bank deposits, it said.

NEW DELHI: State-run Bharat Sanchar Nigam Ltd. expects to get the government’s approval soon for using airwaves in 700 MHz band for offering 4G services, and 5G services in the future, chairman Anupam Shrivastava said.

The state-run telco has written to the Department of Telecom (DoT) to allocate airwaves in the 700 MHz band for rolling out 4G services.

NEW DELHI: The proposed merger of Reliance Communications wireless business and Aircel is clouded with more uncertainty with the Department of Telecommunications setting the Supreme Court's go-ahead a condition for it to approve the deal. The department, though, is close to clearing the merger of Sistema's Indian business with RCom, people aware of the process said.

The SC had earlier this year threatened to cancel Aircel's licences if the top executives of its Malaysian parent, Maxis Berhad, continued to evade Indian courts over a case where they were accused of bribing politicians and officials.

The benchmark Nifty on Monday climbed to a fresh high of 10,043 and the Sensex surged over 133 points in the opening session, underpinned by a strong dose of better-than-expected corporate earnings.

The rally came on buying in capital goods, metal, oil and gas, consumer durables and banking stocks.

Larsen & Toubro (L&T) gained 4% to Rs 1,206 on BSE in early morning trade after the engineering giant reported a 46% year-on-year (Y-o-Y) jump in consolidated net profit at Rs 893 crore for the quarter ended June 2017 (Q1FY18). Consolidated revenues rose 10% to Rs 23,990 crore on Y-o-Y basis.

The stock is trading close to its 52-week high of Rs 1,223, touched on May 30, 2017 in the intra-day trade. It hit a record high of Rs 1,262 on March 4, 2015.

Infosys Co-Chairman Ravi Venkatesan on Sunday said that the company could be 10 times as large as it is today if it could execute well to harness advances in digital and machine learning.

"There is a huge opportunity to use advances in digital and machine learning- and all these areas. Infosys should be ten times as large as we are if only we can execute well," he said.

When it comes to delivering intelligent Cloud experience, robust artificial intelligence (AI)-driven solutions are going to decide who is better equipped to provide enterprises with extended capabilities, says a key IBM executive.

Among all future technologies, AI has been hailed as the next big thing and is steadily becoming the driving force behind tech innovations and existing product lines across industries — going further from just being part of Internet of Things (IoT)-enabled home appliances and smartphones.

A new batch of spyware named ‘Lipizzan’ that could capture users’ text messages, voice calls, location data and photos has been discovered and blocked by Google. The company, in a blog post, said it discovered a new family of Android spyware while investigating another spyware named ‘Chrysaor’. Lipizzan’s code contains references to a cyber arms company, Equus Technologies. It is a multi-stage spyware product capable of monitoring and exfiltrating a user’s email, SMS messages, location, voice calls and media.

India’s market regulator has allowed banks, insurers, commodity bourses and public financial institutions (FIs) to invest in subsidiaries of stock exchanges and clearing corporations at international financial services centres (IFSCs) such as the one at Gandhinagar in Gujarat.

Late on Thursday, the Securities and Exchange Board of India (Sebi) said any domestic or foreign bourse can form a subsidiary to provide stock exchange services in an IFSC, provided it holds at least a 51% stake in such a unit.

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