Samsung announced its thinnest smartphone to date last week — that’s the Galaxy A8 — and today the Korean firm took the wraps off its thinnest tablet devices so far: the Galaxy Tab S2.

Like last year’s Galaxy Tab S, design is a big focus for these two devices. And, at just 5.6mm, they are more slender than Apple’s sleekest iPad Air (6.1mm). They are available in two new sizes — 8 inch and 9.7 inch — which weight in at just 265g and 389g respectively. That combination of thinness and weight could make them pretty portable devices.

Mumbai: Keen to keep stressed assets under check, large state-owned lenders have taken it upon themselves to hand-hold incomplete thermal power generation projects and ensure their successful completion. Banks are bringing in third party turnaround experts to monitor the progress of such projects and to make sure that deadlines are strictly adhered to. Any additional funds being provided to these projects are being managed by the turnaround experts.

According to three people aware of the talks, banks such as State Bank of India (SBI) and IDBI Bank, have brought in restructuring advisory firms to conduct due diligence on incomplete power generation projects and come up with a turnaround plan. Upon completion, the promoters may choose to produce power and repay the lenders or participate in project sales facilitated by the bankers.

The benchmark BSE Sensex and NSE Nifty opened to a volatile trade on Monday, a day ahead of the monsoon session.

While Sensex kicked off on a positive note in early morning traded, it shredded its gains to sink almost 100 points down.

New Delhi: At a time when cash-strapped state electricity boards (SEBs) are averse to buying power, Indian Railways has emerged as a potential saviour for idling power projects.

Railways, the state-owned transporter, has stepped up its efforts to reduce electricity costs and has called for bids from power producers to supply 1,010 MW of electricity over three years.

Google said that second-quarter net income climbed two percent to $3.4 billion on an 11 percent rise in revenue to $17.7 billion.

The company said it had roughly $70 billion in cash and cash equivalents on hand. Shares of Google Inc rose nearly 12 percent as Web search leader’s profits beat forecasts for the first time in the last six quarters, boosted by strong advertising revenue. Google rallied to $673.50 in extended trading after closing at $601.78 on Nasdaq.

Debt-laden Air India plans to sell properties and land parcels worth nearly Rs 250 crore spread across three cities.

To monetise these assets of Air India, the Civil Aviation Ministry would soon be moving a Cabinet note.

On the expectations that the implementation of the 7th pay commission would give a boost to sale of passenger cars, shares of Maruti Suzuki rose to a record high of Rs 4,191 on Thursday, after foreign brokerage Credit Suisse, on Wenesday, increased the target price by 17% to Rs 5,100. Shares of Maruti Suzuki, on Friday opened lower at Rs 4,174.

The rise in the share price of Maruti Suzuki took its market capitalisation to a level higher than that of competitor Tata Motors.

To prevent money laundering and tax evasion through misuse of securities markets, leading stock exchange BSE has suggested removal of the long-term capital gains tax exemption on transactions in stocks.

The suggestion, made by BSE in a letter to the Finance Minister, follows a continuing crackdown by the capital market regulator Sebi on hundreds of entities found to have misused the stock market platform to launder black money and evade taxes, including through BSE's own SME trading platform.

Benchmark share indices which had ended at three-month closing highs witnessed profit taking in select financials capping further upside even as IT shares continued to trade firm. Further, rising concerns over weak monsoon in July also weighed on sentiment.

At 1:30PM, the 30-share Sensex was up 24 points at 28,470 and 50-share Nifty was up 5 points at 8,613.

State Bank of India (SBI) today said it plans to offer up to 3 per cent of annual profit to employees as part a talent retention and motivation initiative.

The bank has sought permission from the Finance Ministry in this regard, SBI Chairperson Arundhati Bhattacharya told PTI.

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