India News
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NASA's Hubble Space Telescope has beamed back images of the tiny Martian moon Phobos in its orbital trek around the red planet.
Over the course of 22 minutes, Hubble took 13 separate images, allowing astronomers to create a time-lapse video showing the diminutive moon's orbital path.
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An internal committee of Air India is preparing a list of former employees who are suspected of siphoning-off artwork, an official with the airline said on Friday.
According to the official, who did not wished to be named, the airline will "not take any action if its artworks are returned", however an internal committee has started to prepare a list of missing artwork and suspected former employees who might have them in their possession.
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Oil to telecom conglomerate Reliance Industries (RIL) announced a bonus share issue, a demand shareholders have been making repeatedly at annual general meetings (AGMs).
"I had committed last year that we would reward shareholders at the completion of our investments," Mukesh Ambani, chairman and managing director, said as he announced the board's recommendation for one bonus share for every one held by shareholders, at the 40th AGM in Mumbai on Friday.
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Calcutta, July 20: Coal imports by India will continue despite efforts by the Centre to step up production to bridge the demand-supply gap. Market analysts expect both thermal and coking coal prices to fall in 2017-18, thus bringing down the import bill marginally.
Union coal and power minister Piyush Goyal said in the Lok Sabha today that the coal demand-supply gap will continue.
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Mumbai: The Indian rupee on Friday strengthened marginally against the US dollar tracking gains in the local equity and Asian currencies market.
The rupee closed at 64.32 a dollar, up 0.17% from its Thursday’s close of 64.43. The rupee opened at 64.39 a dollar and touched a high and a low of 64.30 and 64.40, respectively.
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New Delhi: German luxury carmaker Mercedes- Benz today launched AMG GLC 43 Coupe in India priced at Rs74.8 lakh (ex-showroom Delhi).
“This new SUV Coupe is going to be a key addition to our 43 AMG line and will be instrumental in further popularising the 43 AMG range to a new customer base,” Mercedes-Benz India managing director and chief executive officer (CEO) Roland Folger told reporters here.
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Markets regulator Sebi has asked MCX Biz Solutions and its proprietor Syed Sadaq to return the money collected from investors after finding them guilty of duping investors through false documents. Besides, they have been barred from the securities markets for 10 years. Sebi said the company allegedly solicited money from investors promising huge returns while using fake and forged broker registration documents and a name similar to that of an exchange group. The entity has no relation to the Multi Commodity Exchange (MCX). The entities had also made representations and statements on their website about their activities in securities market in an “entirely untruthful manner”.
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Hinduja flagship firm Ashok Leyland today reported a standalone net profit of Rs 111.23 crore for the first quarter ended June 30, 2017. The commercial vehicles maker had reported a net profit at Rs 290.78 crore in the April-June quarter of the previous fiscal, Ashok Leyland said in a BSE filing. The company said the results of the quarter are not comparable as it includes the financials of Hinduja Foundries Ltd, which was merged with it effective October 1, 2016. Ashok Leyland said the profitability of the quarter was lower primarily because of a richer mix and exchange gain on swap contracts in the first quarter of last year.
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Bank of Baroda has entered into an agreement with Directorate General of Supplies & Disposal (DGS&D) for extending various banking services to Government e-Marketplace (GeM). DGS&D has been mandated to set up GeM, an initiative intended to bring greater transparency and efficiency in public procurements, BoB said in a statement today. The relationship of the bank with GeM will immensely benefit all stakeholders and ensure a support system including a dedicated team for seamless functioning of the portal, it said.
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Shares of telecom companies dived on Friday after Mukesh Ambani launched the JioPhone at the Reliance Industries Annual General Meeting 2017. Following the possible threat from the mobile business disruptor Reliance Jio, investors sentiment soured as there may be possibilities that the new JioPhone may dent the businesses of the existing telecom and cable TV operators. The most valuable telecom company as of now, Bharti Airtel slipped nearly 4% just after the announcement to the day’s low of Rs 403 while Idea Cellular fell as much as 7.01% to Rs 88.2 on BSE.
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