Mumbai: Direct transfer of cooking gas subsidies, which made a chaotic debut two years ago, has finally stabilised, serving its purpose of weeding out spurious customers and saving the government more than Rs.Rs.10,000 crore in 2014-15.

Official data show that cooking gas consumption during the January-June period grew at a slower 7.82%, nearly four percentage points less than 11.4% growth in the same period last year.

Passengers will be able to log on to the Wi-Fi service at prominent railway stations of South East Central Railway zone, including Raipur, with the facility likely to be installed at these places by next year.

As many as 23 railway stations of various categories under the jurisdiction of SECR zone, comprising Bilaspur, Raipur and Nagpur divisions, will be equipped with the Wi-Fi facility in different phases.

The benchmark Sensex rose over 150 points to trade above the 28,000 mark in mid-session trade today as value-based buying in consumer durables, healthcare, power, capital goods and auto sectors took the recovery forward.

With this, the index brushed off losses in other Asian markets ahead of the Greece referendum.

Volvo today announced the launch of S60 T6 petrol variant in India.

The vehicle, priced at Rs 42 lakh (ex-showroom Delhi), is powered by a 2.0-litre 4-cylinder petrol engine that is good for 306 HP and 400 Nm torque.

Infosys today said it will invest $10 million from its $500 million global innovation fund in start-ups in Ireland.

The company has also bagged a outsourcing contract from Allied Irish Banks. It will take over 200 people on its rolls from the Irish financial services group and will set up a unit to house them in Dublin.

State-run refiner Hindustan Petroleum Corporation is planning to raise $200 million (Rs 1,260 crore) by this August, which would be used for its expansion, a company official and a banker confirmed.

“The funds would be used for our ongoing capital expenditure programme. We would also be using the funds to finance our ongoing four pipeline projects,” said the HPCL official.

To safeguard capital markets from outside risks, regulator Sebi will soon issue a new set of guidelines to govern outsourcing by stock exchanges and other key entities in the marketplace.

The new guidelines will ensure that exchanges, clearing corporations and depositories do not outsource their core and critical activities to third-parties, while they would need to put in place a robust system to monitor outsourced activities on a real-time basis.

Facebook Mark Zuckerberg has revealed that he thinks one doesn’t have to be a founder to be a successful CEO, but that status can give a lot of advantages that people might otherwise miss out on.

The 31-year-old Internet entrepreneur Mark Zuckerber shared his perspective in response to a question from tech pundit Om Malik, who posed a question to Zuckerberg on how founder-CEOs are judged differently from non-founder CEOs, Re/code reported.

Nestle India shares surged over 3 per cent intraday on Thursday, bolstered by UK’s food regulator Food Standards Agency (FSA) giving a clean chit to Nestle for Maggi manufactured in India. FSA stated that levels of lead in the product are well within the EU permissible levels.

“The FSA can confirm that results from testing samples of Maggi Noodles in the UK have all found that levels of lead in the product is well within EU permissible levels and would not be a concern to consumers,” FSA said in statement on Wednesday.

New Delhi: Indian businessmen scrambled to showcase many of their existing investment plans and allocations as a response to Prime Minister Narendra Modi’s Digital India initiative, which was launched on Wednesday. By the end of the day, they had announced planned investments of Rs.4.5 trillion, and hires of 1.8 million people, over the next 5-10 years.

The numbers sound highly laudable, but are mostly investments in their own businesses, experts said.

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