Shares of Infosys were up nearly 1% at Rs 1,112 on the Bombay Stock Exchange after the IT major in a release announced that Qantas Credit Union has selected Infosys Finacle to improve its customers's digital experience, as part of their business transformation strategy.

Qantas Credit Union is top Australian Credit Union, and implementation of Finacle will enable the company to exploit the power of digitization to unlock new revenue streams and foster customer loyalty, while enabling the bank to quickly bring new products to market, the release added.

GMR Infrastructure has gained 4.5% to Rs 12.80 on the NSE after GMR Energy's two power plants in Andhra Pradesh were awarded allocation of gas through a fresh round of e-bidding conducted by the Government of India.

GMR Energy announced that two of its gas based plants - GMR Vemagiri Power Generation (GVPGL) and GMR Rajahmundry Energy (GREL) - in Andhra Pradesh have been awarded allocation of gas through a fresh round of e-bidding conducted by the Government of India, on 15 September 2015.

NEW DELHI: As many as 11 bidders including NTPC are in the fray on Wednesday for the Rs 298 crore government subsidy on offer for plants receiving inadequate domestic natural gas.

The power plants can use the subsidy support from the government to buy expensive imported LNG to make up for the fuel deficit.

NEW DELHI: Car market leader Maruti SuzukiBSE 0.59 % India ranks highest in brand influence, followed by Hyundai Motor India and Toyota Kirloskar Motor, global market research firm JD Power said.

According to the JD Power Asia Pacific '2015 India Brand Influence and Positioning Study', Maruti Suzuki ranks highest in brand influence with a score of 839 (on a 1,000-point scale), with Hyundai coming in second (767) and Toyota third (744).

Tata Motors today launched the updated version of its sports utility vehicle Safari Storme in Nepal, with price starting at Nepalese Rupees (NPR) 42.25 lakh.

The company, which is showcasing its products at the 11th NADA Auto Show in Kathmandu, will sell the LX variant of the vehicle at NPR 42.25 lakh and the high-end VX Trim at NPR 56.85 lakh.

The rail ministry will seek around Rs 1 lakh crore from the finance ministry for a special railway safety fund to implement several measures aimed at sprucing up safety performance and checking the spate of recent train accidents which have claimed several lives.

"Railways is finalising a safety plan at an estimated cost of about Rs 1 lakh crore. We are preparing a comprehensive plan, which includes elimination of all level crossings, strengthening of the track and bridges among others," Railway Board Chairman A K Mital said, adding Finance Ministry will be approached for the special safety fund to upgrade the safety infrastructure in rail network.

Engineering and construction major Larsen & Toubro (L&T) today said it has bagged a Rs 1,700 crore order from Japan's Marubeni Corporation to set up a 400-Mw gas-based power plant in Bangladesh.

"Bangladesh Power Development Board awarded the EPC contract for setting up the 400-mega watt (Mw) gas-based power plant project to Marubeni Corporation of Japan, which in turn awarded the EPC sub contract to L&T on a turnkey basis," L&T said in a BSE filing.

Mumbai: The capital market regulator has asked asset management companies to explain the principle behind their corporate bond investments, as it seeks to avoid a redemption crisis in the fixed-income plans of mutual funds (MFs) similar to the one JP Morgan Asset Management Co. Ltd is battling.

In a cautionary note issued to fund houses, the Securities and Exchange Board of India (Sebi) also asked fund managers to closely monitor companies in their mutual fund portfolios that have been downgraded recently, two people familiar with the note sent out by the regulator said on condition of anonymity.

It’s been 18 years since Google Search first came to be—the Google.com domain was registered on September 15, 1997, after founders Sergey Brin and Larry Page decided the search engine they had developed in Stanford University could no longer go by the name BackRub. When Sun Microsystems co-founder and investor Andy Bechtolsheim gave the company its first major investor cheque, it didn’t even have an account to its name.

But, in three years, it had become the world’s largest search engine and continues to be so. Of course, now, with computing shifting from PCs to mobiles, Google Search has had to fight it out with specific-search apps—for almost everything, from movies and restaurants to retail deals.

Four months after online marketplace Snapdeal acquired FreeCharge, the joint entity has launched its own digital wallet to be commonly used on both platforms. FreeCharge has also partnered with Fino PayTech, one of the 11 companies to get payments bank licence.

“With the launch of the FreeCharge Digital Wallet, we are all set to transform the way people make payments. A secure, easy to use and feature-rich service, the wallet is equipped with state of the art technology and a robust partner network, making it a truly game-changing service that will bring value to consumers and our partners in the ecosystem,” said Kunal Shah, CEO and co-founder, FreeCharge.

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