Dispatch of coal by CIL to the power sector went up 1.1 per cent to 131.1 million tonnes (MT) in the April-July period of this fiscal even as the PSU workers announced to go on a nationwide day-long strike next week.

The dispatch by Coal India (CIL) in the corresponding period of last financial year was 129.6 MT, according to official data.

Mahindra & Mahindra today announced the launch of DiGiSense, a technology solution that connects M&M vehicles, tractors, trucks and construction equipment to the cloud.

The new technology that is digitally enabled sending will be available across Mahindra breadth of mobility products from commercial and passenger vehicles to tractors and construction equipments.

Tata Motors has carried out raids in 19 locations across the country in recent months to help curb counterfeit products, as part of its campaign against spurious spare parts that started in 2012-13.

The raids were conducted on 19 spurious Tata parts manufacturers and duplicate packaging suppliers across the country, the company said on Friday.

Hyundai Motor India Ltd (HMIL) is planning to launch two new products to strengthen its position in becoming a modern premium brand. A modern premium brand is positioned in between the mass market and premium market.

The company has lined up four products to achieve this vision, of which two are already launched. Y K Koo, managing director and CEO, HMIL said that the products in the pipeline includes Tuscan, a SUV, which will be launched by October or November.

State-owned lenders State Bank of India (SBI) and Punjab National Bank (PNB) are on a drive to auction properties to recover dues.

SBI is holding a mega e-auction where it would sell a record 1,107 properties online on September 7. The properties carry a reserve price of Rs 2,500 crore.

Bangkok: One Thai person was killed and 30 wounded when two bombs exploded late on Tuesday near a hotel in the southern Thai coastal town of Pattani, police said, less than two weeks after a series of unexplained blasts hit the south.

The first blast in a parking lot behind the Southern Hotel caused no casualties, Police Lieutenant Colonel Winyu Tiamraj told Reuters on Wednesday. All the casualties were Thais.

Reliance Communications (RCOM) and its subsidiary Global Cloud Xchange (GCX) on Wednesday launched ‘Make in India’ Cloud X WAN, a network platform designed to help overcome many of the challenges facing today’s global enterprise networks.

“In today’s market, it is evident that SD WAN (software-defined wide area network) is rapidly gaining momentum as it offers an innovative way to adapt traditional WANs to Cloud services,” said Bill Barney, CEO, RCOM (Enterprise) and GCX.

NTPC shares gained nearly 3 per cent in the morning deals on Wednesday after the company decided to raise up to Rs 15,000 crore through issuance of debentures or bonds on private placement basis. The amount will be raised in one or more tranches not exceeding 30, through private placement, in domestic market for capex, working capital and general corporate purpose. At 11.44 am, shares of NTPC were trading 2.17 per cent up at Rs 162.25.

State-owned companies, from builders such as NBCC to oil firms such as Bharat Petroleum Corp Ltd, are attracting top investors as cheap valuations, improving earnings, and share buybacks make them stand out in an otherwise expensive market.

A government move to increase taxes on dividends has spurred these cash-rich companies towards buying back shares for the first time to reward investors, but supporters say the allure extends beyond that.

IT major Tata Consultancy Services (TCS), India's largest IT services provider, said that it has settled an ongoing law suit with Orange County, California. The company has paid $26 million to settle the three-year long dispute.

The dispute was over a failed replacement to the county's automated property tax system that initially was to be completed by 2010 but was not delivered. "TCS and Orange County have agreed to settle an ongoing dispute regarding the joint development of a Property Tax Management System.

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