To push India into top five pharmaceutical innovation hubs by 2020 and establish global presence by launching one out of every five to 10 drugs discovered in India at global level, the government is preparing for multi-billion dollar investment with 50 per cent public funding through its public private partnership (PPP) model to enhance innovation capability, reveals the joint study.

A tweet by the BJP MP and Dalit leader Udit Raj on Monday created a stir, in which he said that Jamaica's Usain Bolt won nine Olympics gold medals despite poverty after his trainer advised him to eat beef.

Usain Bolt of Jamaica was poor and trainer advised him to eat beef both the times and he scored 9 gold medals in Olympics, Mr. Raj, MP from North West Delhi tweeted.

As the tech war to make the Cheapest Indian Smartphone rages on, with the likes of Ringing Bell’s Freedom 251, another Indian company had arrived with a bang. ChampOne Communications, a Jodhpur-based company had brought the ChampOne C1, a smartphone too good to be true at that price. Priced at Rs 501, just double that of the famous Freedom 251, the smartphone has features which many phones ten times the price boast of. Packed with a quad-core processor, fingerprint scanner, and even 4G LTE connectivity the smartphone is actually priced at Rs 8000 but the company is giving away the phones initially at Rs 501, for its first flash sale which will take place on September 2.

In a bid to raise stature in the alphabetical sequence of state names, West Bengal passed a resolution to change the name of the state to 'Bangla' in Bengali and 'Bengal' in English.

A decision to this effect was taken by the state cabinet, state education minister Partha Chatterjee, said on Tuesday.

State-owned Indian Oil Corp (IOC) on Monday reported a 25 per cent jump in first quarter net profit, as it also declared a 1:1 bonus share.

Net profit of Rs 8,268.98 crore, or Rs 34.90 a share, in April-June was 25.46 per cent higher than Rs 6,590.83 crore, or Rs 27.81 per share, net profit in the same period a year ago, the company said in a regulatory filing.

Shares of information technology (IT) companies are under pressure with Wipro, NIIT Technologies, Hexaware Technologies and Tata Elxsi, hitting their respective 52-week lows on the BSE.

At 12:36 pm, the S&P BSE IT index, the largest loser among sectoral indices, was down 1.1% or 123 points at 10,267, as compared to 0.02% decline in the benchmark S&P BSE Sensex. The IT index hit an intra-day low of 10,230, its lowest level since February 29, 2016.

Country’s top mobile operator Bharti Airtel has launched a set of innovative data packs for its pre-paid customers allowing them to save on data costs substantially on subsequent recharges.

Airtel has launched a Rs 1,498 pack which offers 1GB 4G/3G data upfront with a validity of 28 days. Post exhaustion of this data limit, the customer can have 1GB 4G/3G recharges for Rs 51 over a period of 12 months. There is no limit on the number of recharges during the period.

Tata Motors has moved higher to its 52-week high of Rs 523, up 4% on the BSE in early morning trade on Monday, on expectations of continued robust volume growth going forward.

Analysts at Religare Institutional Research expect strong volume growth to continue for Jaguar Land Rover (JLR) with XE available globally, gradual availability of the newly launched F-Pace and Evoque Convertible across markets in FY17, and the launch of Jaguar XFL by the China JV.

Kolkata: Coal India Ltd has budgeted for a capital expenditure of Rs.7,765 crore in the current year to expand mining capacity as the world’s biggest coal miner pursues an aggressive production growth target of 13% year-on-year.

In addition to that, the company is looking to spend Rs.5,069 crore on other projects, which include building railway tracks to connect mines, setting up a super critical thermal power plant and reviving fertilizer plants.

The Indian Space Research Organisation (ISRO) is gearing up to test its scramjet engine on Sunday while the launch of weather satellite INSAT-3DR with the geosynchronous satellite launch vehicle (GSLV-MkII) has been postponed to September, a senior official said on Saturday.

India’s rocket port is located at Satish Dhawan Space Centre (SDSC) in Sriharikota in Andhra Pradesh around 80km from here.

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