A German-Iranian teenager who shot and killed nine people and then himself in Munich on Friday had received psychiatric care and was in all probability a lone gunman who had no ties to Islamic State, police said.

The 18-year-old triggered a lockdown in the Bavarian capital after opening fire near a busy shopping mall. He was carrying a further 300 bullets in his backpack when he was later found dead of a gunshot wound, state prosecutor Robert Heimberger said on Saturday.

Megastar Rajinikanth-starrer Kabali, which released amid much fan frenzy yesterday, has created history by becoming the biggest Indian opener of all time, according to producer 'Kalaipuli' S Thanu.

The film directed by P A Ranjith, is a gangster drama and also stars Radhika Apte, Dhanshika and Kalaiarasan in key roles.

Virat Kohli became the first Indian captain to score a double century abroad as the visitors took firm control of the first Test against the West Indies with a solid batting display here.

Kohli (200 off 283 balls) eased to his maiden double hundred before Ashwin (113 off 253) struck his third Test ton to help India amassed 566 for eight declared, and then reduce the West Indies to 31 for one in 16 overs at the end of the second day's play.

TCS iON, a strategic business unit of Tata Consultancy Services (TCS), will create an additional two lakh seats across 200 new centres. The expansion includes TCS iON's proposed and biggest facility at Kolkata.

TCS iON, a strategic unit of TCS, focuses on educational institutions and exam boards with cloud-based solutions. It offers technology-led solutions for small and medium businesses, educational institutions and exam boards to digitise examinations in India.

The cash-strapped India Railways is looking at land monetisation with renewed vigour. It has set ambitious targets for the under-performing Railway Land Development Authority (RLDA) after suitably empowering it to identify the transporter’s vacant land prone to commercial exploitation. While since its start in 2007 RLDA has generated just over R200 crore by putting rail land into commercial use, it will target R1,000 crore revenue in FY17 and over R19,000 crore over the next five years, according to official sources.

Ending the practice of the Railway Board “allocating” land to RLDA, the transporter’s entire vacant land — estimated at a massive 47,336 hectares — will now be available for the authority to select and commercially exploit.

Cigarette-to-hotel-to-FMCG major ITC has plans to foray into overseas markets with an aspiration to become one of the leading multinational corporations (MNCs) operating globally, according to its chairman YC Deveshwar.

“We are not satisfied with where we are. Because it is the constructive force of dissatisfaction which gives you the energy to move forward. And we always have found ways of getting the constructive force of dissatisfaction so that we can make fine ways to make improvement in the future,” Y C Deveshwar told shareholders during the company’s 105th annual general meeting here on Friday.

Ashok Leyland (ALL) has said that it will set up an assembly plant in Kenya and Bangladesh soon. It has also decided to increase its Ras Al Khaimah (UAE) capacity to 6,000 units per annum to tap African and West Asia in a big way.

Gopal Mahadevan, chief financial officer, ALL said while Kenya assembly plant was for both trucks and buses, that of Bangladesh was mainly for trucks. “We will be investing $5 million in Kenya and the same amount will be invested by our franchisee in Bangladesh. Both plants will have an annual capacity of 3,000 units to be scaled up based on the demand.”

National carrier Air India has announced that it will be providing unbeatable metros fare to domestic passengers willing to return the same day from Monday.

In aviation industry there is huge fare war and Air India wants to beat all airlines and attract passengers through lowest fares.

L&T Finance Holdings on Friday reported a rise of 7.8 per cent in consolidated net profit at Rs 207 crore for first quarter ended June.

The company's consolidated net profit stood at Rs 192 crore in the corresponding quarter of the previous financial yaer.

Axis Bank, the country’s third largest private sector lender, had a 21 per cent decline in net profit in the June quarter to Rs 1,556 crore.

As in this one, there was a dip in the March quarter, too, as bad loans and provisioning for these had increased. Gross non-performing assets (GNPAs) increased to 2.54 per cent of the total in the quarter ended June, as compared to 1.67 per cent in the preceding one. At the end of June, gross NPAs were Rs 9,553 crore, from Rs 6,088 crore at the end of March.

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