When you think about smart TVs – and it’s hard to buy any other kind of TV these days – you probably picture something that looks like the image above: a big rectangular screen with a speaker and a stand under it. But Xiaomi’s new Mi TV 3, announced on Monday, is bucking that trend. In fact, Xiaomi is doing away with the most fundamental part of what we call a television: the screen.

To be clear, you can still buy a Mi 3 TV from Xiaomi that comes with a screen – a gorgeous, 60-inch 4K LG screen, to be specific. But with this model, Xiaomi has decoupled the smart TV’s brain from its screen, dropping it into a bar-shaped speaker called the Mi TV Bar that can be connected to any television to turn it into a smart TV running Xiaomi’s MIUI system. The Mi 3 TV doesn’t actually go on sale until November, but any screen – TV, computer monitor, projector – that’s in your home right now could essentially become a Xiaomi smart TV once you buy the bar, which costs RMB 999 ($157).

The foreign investment arm of India's top oil explorer ONGC is targeting $10-$12 billion of oil and gas asset purchases over the next three years, including more corporate acquisitions, its managing director said.

ONGC Videsh Ltd (OVL) hopes to capitalise on cheaper assets after a slump in oil prices and Prime Minister Narendra Modi's diplomatic efforts to boost the global presence of Indian firms.

Infosys and Huawei on Tuesday jointly launched Smart Stadium Solution to provide high-speed Wi-Fi access and smart services for users in stadiums and exhibition centers.

The solution integrates Huawei’s Agile Network and Infosys’ Entertainment Experience Platform. This solution can be combined with entertainment hubs to enable innovative service experiences and operational models.

With President Pranab Mukherjee expressing his concern on rising incidents of intolerance in the country, Finance Minister Arun Jaitley on Tuesday hit out at NDA ally Shiv Sena and said that there was an extremely disturbing trend where 'some people have resorted to vandalism as an instrument to convey their views.'

Condemning the incidents of intolerance, Jaitley said that it is against the traditions of our culture.

Snapping its four-day rising streak, the rupee fell 16 paise to 64.96 against the dollar in early trade due to fresh dollar demand from importers.

Besides, a weak opening in the domestic equity market put pressure, dealers said.

Markets have erased early morning losses and are trading in the positive zone led by buying in the information technology and consumer durables shares.

However, metal stocks are still reeling under pressure thus capping the upside.

A Delhi court on Tuesday convicted Uber cab driver Shiv Kumar Yadav for raping a 25-year- old woman executive in his taxi last year in Delhi.

Court convicted driver for offences of endangering woman's life while raping her, abducting and criminally intimidating.

Boosted by a rally in stocks, the total market valuation of listed companies at the BSE regained the Rs 100 lakh-crore mark on Monday. The total market capitalisation (m-cap) of BSE-listed companies stood at Rs 1,00,36,165 crore at the end of trade on Monday. Investor wealth of BSE-listed firms, measured by market capitalisation, had crashed below Rs 100 lakh crore on August 24, when the Sensex plunged by 1,624.51 points. The benchmark BSE Sensex on Monday soared 150.32 points to settle at 27,364.92, continuing its winning spree for the third straight session. The index has now gained over 585 points in the past three sessions.

"Markets started the week on a positive note on the back of strong quarterly corporate earnings, mainly led by index heavyweight Reliance Industries," said Gaurav Jain, Director, Hem Securities.

ICICI Bank, India’s largest private sector lender, has outpaced its peers to record the highest number of mobile banking transactions. According to the Reserve Bank of India (RBI) data, the lender recorded transactions worth Rs 6,885.36 crore in July, higher than any other bank.

In June, too, ICICI Bank had recorded the highest amount of transactions through mobile at Rs 6,160.18 crore.

Indian Oil Corporation (IOC), the nation’s largest fuel retailer, is busy executing a dozen-odd projects at an investment of around Rs 12,000 crore to expand its network of crude oil and products pipeline by 54 per cent to 17,000 km by 2019. This is part of a larger expansion plan involving Rs 1.75 lakh crore that is in the works.

“When commissioned, the projects would increase our transportation network from the existing 11,200 km by an additional 6,000 km by the end of FY19. The projects are primarily meant at transportation of large volumes, while the last-mile connectivity to depots would be ensured through roads,” Anish Aggarwal, director (pipelines), IOC, told Business Standard.

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