RIO DE JANEIRO: Brazil unfurled a vast canvas celebrating its rainforest and the creative energy of its wildly diverse population to the tune of samba, bossa nova and funk in welcoming the world on Friday to the Olympic Games in Rio de Janeiro.

In a country of great economic inequality, the opening ceremony celebrated the culture of the favelas, the slums that hang vertiginously above the renowned beaches of Rio and ring the site of Friday's spectacle, the famed Maracana stadium.

Technology giant Microsoft has announced that it would roll out two major updates for Windows 10 next year after releasing a third and final update for 2016.

"Windows 10, version 1607 is our third Windows 10 feature update released. Based on feedback from organisations moving to Windows 10, this will be our last feature update for 2016, with two additional feature updates expected in 2017," the company wrote in a blog on Saturday.

Hyundai Motor India launched three new editions of its popular SUV Creta priced up to Rs 13.76 lakh (ex-showroom Delhi) on Friday. "The introduction of three variants will add more value to the overall buying experience for customers," Rakesh Srivastava Senior Vice President, Sales & Marketing, Hyundai Motor India Ltd (HMIL) said in a statement.

The vehicle will now also be available in Anniversary edition (SE), Executive variant (E+) and S+ diesel automatic version.

The benchmark BSE Sensex reclaimed the 28K-level, though ending the week marginally up by 26.49 points to 28,078.35, while broader Nifty gained 44.65 to finish at 8,683.15. The week saw a dawn of new era as far as Indian stock market is concerned as the much awaited GST bill passage has been approved by the Parliament in the midst of equities vaguely following rest all other market determinants including a four months high in manufacturing (PMI)s, fastest growth in core Infrastructure, sustained FII inflows and good monsoons.

Last week, ET reported that the big three US carmakers— General Motors, Ford Motor and Fiat Chrysler Automobiles (a US-Europe combine) — will push back on investments or review strategy in India. Long-time watchers of the Indian automobile industry were hardly surprised by the turn of events. Ford and GM have faced fluctuating fortunes while Chrysler after delaying entry into India twice in the past, is finally entering.

MUMBAI: Reserve Bank has allowed foreign investors to hike their stake in Hindustan Petroleum Corp to up to 40 per cent under portfolio investment scheme (PIS).

"Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) from default can now invest from existing 24 per cent up to 40 per cent of the paid up capital of Hindustan Petroleum Corporation Ltd (HPCL) under PIS," an RBI notification said today.

Mercedes-Benz is planning its own distinct line of electric vehicles, challenging BMW and Tesla Motors in a bet that alternative-fuel cars have the potential to become profitable.

Mercedes will add two electric sport utility vehicles and two sedans, according to two people familiar with the plan, who asked not to be named because the details haven't been disclosed. Mercedes will create a new sub-brand for the cars, though a name hasn't been chosen yet, one of the people said. Chief Executive Officer Dieter Zetsche said in June that the company planned to unveil an electric car at the Paris motor show in September.

Tata Motors shares rallied over 3 per cent on Friday after its subsidiary – Jaguar Land Rover (JLR) posted its best ever July retails sales by registering a 34 per cent year-on-year jump at 44,486 units. JLR said that strong sales of the Land Rover Discovery Sport, the Jaguar XE and the F-PACE contributed to the impressive sales number. The company’s China retail sales were up 64%, whereas North America sales rose 51% YoY. Europe and UK retail sales grew 24% and 38% year-on-year, respectively.

Software major Infosys has sought the Union government's approval to set up an IT special economic zone (SEZ) in West Bengal.

The company's application will be considered by the inter-ministerial body, Board of Approval (BoA), headed by Commerce Secretary Rita Teaotia, in its meeting on August 12.

The Security and Exchange Board of India (Sebi) is maintaining a constant vigil to check any market manipulation by banned stock brokers, Parliament was informed on Friday.

The Sebi maintains a constant vigil, and in case of any abnormality, takes appropriate action against the concerned entities, Minister of State for Finance Arjun Ram Meghwal said in a written reply to the Lok Sabha.

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