The Adani Group on Saturday signed a MoU with the Tamil Nadu government to set up a Rs 4,536 crore solar park in the state.

The development comes on the back drop of the state’s decision to buy 2000 MW of solar power by the end of this calendar year.

PALO ALTO, CA: America's second largest automaker Ford is shifting focus from Detroit to Silicon Valley as it plays catch up to technology innovations in the fast-changing mobility space. The company said it's moving the development of its autonomous vehicle technology or self-driving cars from the research labs in Palo Alto to an advanced engineering programme without giving a timeline by which it intends to sell these cars commercially.

State-owned Coal India Ltd (CIL) may see a surge in its bottom line in the coming quarters, as the miner for the first time will start selling coal through e-auction windows to power plants not having fuel supply agreements (FSA).

There will be two e-auction windows, apart from the existing one. The first e-auction window will be for plants having power purchase agreements (PPAs) and the floor price in this case will be 20 per cent more than CIL's notified price at the time of bidding. Power price under PPAs with the distribution companies are arrived after rate-based bidding and approved by the regulator.

Since about 10 seconds after Google launched its do-it-yourself Cardboard virtual reality headset, other companies have been selling pre-made clones — and Google is totally fine with that.

(Wondering WTF “Cardboard” is? The short version: it’s a virtual reality headset that uses your phone as the brains. Fold the headset together, slip your phone into it, and you’re good to go. It’s like a very, very basic Oculus Rift. Google released it as a side project, then opened it up for others to build upon.)

Ahmedabad-based eCommerce firm Infibeam has filed for an IPO to raise $71 million, becoming the first Indian eCommerce company to list its shares on the domestic market beating biggies like Flipkart and Snapdeal. The raised funds will be used for expanding business, including setting up a cloud data unit and 75 logistics centres.

The company had filed draft papers with the Securities & Exchange Board of India (SEBI) and Draft Red Herring Prospectus which offers shares of Rs 10 each for cash, reports BusinessStandard. Founded in 2007 by Vishal Mehta, Infibeam operates in Ahmedabad, Delhi, Mumbai and Bangalore, and has a total of 1300 employees. It is an online retailer for Books, electronics and automobiles in India.

The decision on merging state-run BSNL and MTNL will be taken in the next four-five months, Telecom Secretary Rakesh Garg said on Friday.

"BSNL, MTNL merger decision will be taken in four-five months after studying the IIM report on it," he said.

HDFC Bank, the country’s second-largest private sector lender, has upped the focus on mobile banking transactions in the past few months as part of its strategy to transform itself into a digital bank. Now, the lender believes mobile banking will overtake internet banking by next year.

“Usage of mobiles has been growing rapidly and outpacing the growth of the internet transactions. We feel next by year it will overtake internet banking,” said Nitin Chugh, head-digital banking, HDFC Bank.

The Jan Suraksha scheme has witnessed over 100 million enrolments in about two months in its life and accident insurance segments.

As on July 1, banks enrolled about 104 million account holders in the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and the Pradhan Mantri Suraksha Bima Yojana (PMSBY). State Bank of India (SBI) and Punjab National Bank (PNB) led the enrolments with 20 million and 7.8 million, respectively.

Europe's Airbus Group and the Mahindra Group have struck a deal to build helicopters jointly as they bid to win an expected wave of orders from the country's armed forces, the companies said in a statement on Friday.

The two groups will form a joint venture in the coming months, aiming to become the first private manufacturer of helicopters in India, the statement said. It did not say how much the two will invest.

After some general market confusion and bad headline writing, Microsoft this morning detailed how it will roll out Windows 10 to testers, consumers, and large-scale customers.

First, scale: Microsoft said in its blog post this morning that there are now 5 million Windows Insiders, up from 3.7 million in May. The company also said that it has collected “millions” of “reservations” for Windows 10 from the public. Both numbers seem reasonable.

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