Noida-based, career destination for women professionals, Sheroes has raised Rs. 5 crore in angel round of funding led by Raghav Bahl-owned Quintillion Media and 500 Startups. Rajan Anandan, Vijay Shekhar Sharma and Binny Bansal are also participated in the round along with Freshdesk’s Girish Mathrubootham, entrepreneurs Indus Khaitan of Bitzer Mobile, and Krishna Mehra of Capillary Technologies.

The benchmark BSE Sensex lost ground by over 120 points in early trade, as investors started scaling down their bets ahead of IIP and inflation data to be released later in the day amid weak global cues.

Moreover, the rupee sliding to nearly a two-year low of 64.67 against the American currency weighed.

PM Modi's visit to the UAE, announced on Tuesday, has caught many within the government as well as organisers in Dubai by surprise, and set off speculation for the reason for the suddenly announced trip. Announcing the visit to the UAE, the Ministry of External Affairs said the PM would visit Abu Dhabi and Dubai on August 16-17 and meet with the Abu Dhabi's Crown Prince Sheikh Mohammed bin Zayed and Dubai Ruler and PM of UAE Sheikh Mohammed Bin Rashid Al Maktoum. Meanwhile, preparations are underway for a massive public address to Indians based in UAE, with registrations opening on Tuesday for the event less than a week later.

Environmental public hearing by Andhra Pradesh Pollution Control Board (APPCB) on NTPC's 4,000 MW coal-fired power plant began amid protests by project-affected people at Pudimadaka, about 60 km from Visakhapatnam on Wednesday.

District Collector N. Yuvaraj noted down proceedings amid heavy rain and unprecedented security. The public hearing was held at project site after a spokesman of Hyderabad-based Vimta Labs, which conducted the EIA study, gave details on pollution control measures.

Wipro Chairman Azim Premji and HCL founder Shiv Nadar are the only two Indian tycoons in the top 20 richest people in the world of technology, according to an inaugural list by Forbes that has been topped by Microsoft co-founder Bill Gates.

Premji is ranked 13th on Forbes’ first ever list of ‘100 Richest People In Tech’, followed by Nadar on the 14th spot.

At 11.15 am, shares of Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd and Hindustan Petroleum Corporation Ltd were trading 4.82 per cent, 5.09 per cent and 6.61 per cent lower at Rs 398.10, Rs 878.65 and Rs 890, respectively. The BSE Sensex was trading 116 points lower at 27,750.

According to Reuters, April-June results were influenced by inventory gains but a 23 per cent slump in benchmark Brent QTD means less likelihood of such gains in September quarter.

Infosys co-founder NR Narayana Murthy today said coaching classes are hurting the prestige of the brand IIT as these flourishing money-spinners are helping students only crack the entrance tests and rued that genuine freethinkers are being left out.

“Why the IITs have become less exciting for our young today and in some cases even outside, is because of the coaching classes…it is the coaching classes, which in my opinion, have brought down the prestige of IITs in some way,” Narayana Murthy said while addressing the St Xavier’s College students here this evening.

The government will seek Rs 426 crore as damages from the Indian unit of Swiss giant Nestle for allegedly indulging in unfair trade practices and misleading advertisements related to Maggi, its banned noodles product.

Seeking financial penalties among other actions, the Consumer Affairs Ministry will soon file a complaint against the company before the National Consumer Disputes Redressal Commission (NCDRC) using a provision for the first time in the nearly three-decade-old Consumer Protection Act.

Apollo Hospitals Enterprise Ltd has posted a growth of 9.8 per cent in net profit at Rs 94.95 crore during the quarter ended June 30, 2015, as compared to Rs 89.52 crore in the same period of previous fiscal year.

The total income stood at Rs 1,264.96 crore during the quarter, as against Rs 1,053.72 crore during the same period of previous fiscal year, an increase of 20 per cent.

Larsen and Toubro today said it has appointed former Infosys executive Sanjay Jalona as the Managing Director and CEO of its IT arm, L&T Infotech.

Jalona will operate out of L&T Infotech's office in New Jersey, USA.

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