Finance Minister Arun Jaitley on Saturday said public and foreign investment remains intact, but private sector expansion is needed in a big way to let the economy start firing on all cylinders.

Observing that domestic investment continues to be a challenge, Jaitley called upon the banking sector to support corporates to propel growth.

India and China have agreed to maintain the pace of their high-level exchanges in counter-terrorism and other fields after "friendly and open" discussions between their National Security Advisors.

NSA Ajit Doval and his Chinese counterpart Yang Jiechi, State Councillor, concluded their discussions in Hyderabad yesterday in a "friendly, open and cordial environment", it was officially stated here today.

In a double whammy, two non- bailable warrants (NBW) were issued against beleaguered businessman Vijay Mallya on Friday in separate criminal cases by two courts in Delhi, both of which observed that he neither had any regard for law, nor any intention to return to India. One of the courts also said coercive steps could be taken against Mallya straight away as there was "no discernible inclination" on his part to submit to the jurisdiction of the court.

NASA's Magnetospheric Multiscale mission (MMS) has set the Guinness World Record for highest altitude fix of a GPS signal at 70,000 kilometres above the surface of the Earth.

Operating in a highly elliptical orbit around Earth, the four MMS spacecraft incorporate Global Positioning System (GPS) measurements into their precise tracking systems, which require extremely sensitive position and orbit calculations to guide tight flying formations.

State-owned Punjab National Bank on Saturday reported a 11.5 per cent fall in net profit to Rs 549.36 crore for the quarter ended September 30, amid a rise in provisions for bad loans.

The bank had reported a net profit at Rs 621.03 crore during the July-September quarter last financial year.

Republican presidential nominee Donald Trump has a "casual disregard" of the US Constitution and does not believe in the rule of law, his Democratic rival Hillary Clinton has alleged, underlining the need to take on discrimination and bigotry.

"He (Trump) has casual disregard of our Constitution. He doesn't seem to understand the rule of law, that we really are a nation of laws, not men," Clinton said addressing an election rally in Detroit, Michigan.

Mumbai: Tata Motors Ltd, replying to a clarification sought by stock exchanges on a letter written by Cyrus Mistry to the directors of Tata Sons Ltd, has defended and clarified credit and accounting practices related to the Nano car and Tata Motors Finance, its vehicle finance arm.

Mistry, the ousted chairman of Tata Sons, wrote in the leaked letter, “Before 2013, in order to shore up sales and market share, Tata Motors Finance extended credit with lax risk assessment. As a result, NPAs mounted in excess of Rs4,000 crore.”

PNB Housing Finance, which recently closed its initial public offer (IPO), will make its stock market debut on Monday.

The Rs 3,000-crore IPO was oversubscribed 29.55 times during October 25-27.

Results were marginally ahead of estimates on better margins due to tight control on costs. PAT beat was boosted by higher other income on account of mark-to-market of fixed maturity products because of fall in interest rates. Management believes that festive season is muted with single-digit growth for the motorcycle industry.

It expects H2 to be better for Bajaj than H1 because of new launches (Pulsar, VS400 and V cousin). On 3W, it expects to meet its target in the domestic market and continue outgrowing the industry on entry into the cargo space. Whilst not explicitly stated, management commentary seemed to suggest exports to Africa now are a medium-term issue.

The government has sought $1.55 billion (nearly Rs 10311.76 crore) from Reliance Industries and its partners for drawing natural gas belonging to state-owned ONGC in the KG basin over the last seven years.

The Oil Ministry has sent a notice to RIL seeking $1.55 billion compensation, sources privy to the development said.

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