A 1 January directive by the civil aviation ministry to state-owned airline Air India helps take salaries of some of the airline’s pilots to market levels but also imposes several penalties on them, including pay cuts, for reporting late or for missing flights.

“The way this has been drafted and pushed through, if the unions take a stand, it will lead to industrial disputes and disruptions,” said Mohan Ranganathan, a Chennai-based aviation safety consultant who has negotiated with the management as part of Air India’s unions in the past.

Larsen & Toubro Ltd (L&T), a corporate proxy for the investment cycle in India, has seen its shares fall 34.64% since 1 April and its faltering performance has forced analysts to cut earnings forecasts for 2015-16 and 2016-17 by as much as 21%.

Yet, the company believes that it can get back on track.

Quess Corp, a staffing services and business solutions provider co-promoted by Thomas Cook India, has approached markets regulator Sebi for an initial public offer (IPO) to raise Rs 400 crore.

The company has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for the public issue of its equity shares.

State Bank of India (SBI) ICICI Bank, Idea Cellular, Suzlon Energy, Unitech, Bharat Heavy Electricals Limited (BHEL), Crompton Greaves and United Spirits are among 44 stocks from the BSE500 index hitting their respective 52-week lows till 10:46 AM on the BSE.

The S&P BSE Sensex was down 252 points or 1% at 24,287. The index hit an intra-day low of 24,247 so far.

Hyundai Motor India, the country's second-biggest car maker, today unveiled its global sports utility vehicle (SUV) Tucson at the Auto Expo.

The Tucson is amongst 17 products that Hyundai showcased at the event including a concept SUV HND-14 on which it will develop a compact SUV.

DLF, India’s largest real estate firm, has posted a 24 per cent rise in its consolidated net profit at Rs 164 crore for the December 2015 quarter against Rs 132 crore in the year-ago period on the back of higher sales and one-time gain from stake sale deal with Singapore’s GIC.

Income from operations grew 44 per cent to Rs 2,828 crore during the quarter under review December from Rs 1,957 crore a year ago.

Mahindra & Mahindra today reported a 9.66 per cent increase in total sales at 43,789 vehicles in January.

The company had sold 39,930 units in January 2015, M&M said in a statement.

State-run BHEL today said that it has bagged an order of Rs 2,759 crore for setting up a unit of supercritical thermal power project in Tamil Nadu.

"Significantly, this will be the first ever 800 Mw supercritical set based power plant in the state," BHEL said.

Yes Bank Ltd shares rallied 11% on Friday after its December quarter earnings were announced in what could almost be termed a relief rally.

After a clutch of peers such as ICICI Bank Ltd and Axis Bank Ltd reported a jump in bad loans following a central bank review, Yes Bank’s asset quality numbers seem sterling even in absolute terms, leave alone relatively to others.

Washington: Three major Indian information technology firms—Infosys Ltd, Tata Consultancy Services Ltd (TCS), and Wipro Ltd—have joined US President Barack Obama’s “computer science for all” initiative as part of a public-private collaboration, pledging thousands of dollars in grants.

Obama announced the plan in his weekly address on Saturday as he emphasized on the need for teaching computer science as a “basic skill” to all children across schools in the country in a changing economy.

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