The Union ministry of consumer affairs on Friday jumped into the controversy surrounding the reportedly high levels of monosodium glutamate (MSG) and lead in Nestle's famous noodle brand Maggi. It said it had directed the National Consumer Disputes Redressal Commission (NCDRC) and Food Safety and Standards Authority of India to take note, as it concerned the health of a large section of consumers.

“A class action suit can be initiated into the matter if a complaint is made to NCDRC,” consumer affairs minister Ram Vilas Paswan said on Friday.

Call it the Rahul Yadav effect! After the chief executive of Housing.com took on the heads of other e-commerce companies on social media, Flipkart co-founder and chief executive Sachin Bansal reacted on microblogging site Twitter to Snapdeal co-founder and chief operating officer Rohit Bansal’s statement in a news report.

Rohit Bansal had said India didn’t have adequate quality programmers. To this, Sachin tweeted, “Don’t blame India for your failure to hire great engineers. They join for culture and challenge.”

NEW DELHI: Indian Oil Corp (IOC), the country's biggest refiner, is expanding its natural gas business as India, the world's third-largest carbon emitter, aims to cut its dependence on coal and oil

Thirteen of the world's 20 dirtiest cities are in India, with New Delhi taking top spot, a report by the WHO said last year.

The central government, it was officially confirmed on Friday, managed to rein in its fiscal deficit for 2014-15 at four per cent of Gross Domestic Product (GDP), against the 4.1 per cent pegged in the Budget Estimate (BE) and its Revised Estimate (RE).

Tentative indications in this regard had been issued recently but were awaiting confirmation.

Infosys, India’s second-largest information technology services company, on Thursday said it was comfortably placed to achieve revenue growth guidance for 2015-16 on a better deal pipeline and increasing interest in its offerings.

Speaking at a conference organised by investment advisory firm Cowen & Company, Vishal Sikka, chief executive officer and managing director of Infosys, said recent initiatives had started yielding dividends.

India’s largest corporate entity, Reliance Industries Ltd (RIL), is set to sell its 45 per cent stake in a shale gas joint venture with Pioneer Natural Resources at Eagle Ford, US, by next week at a far lower valuation than its initial expectation of $4.5 billion. The drop in valuation is largely due to the fall in prices of crude oil since the sale process began last year, as well as concern about damage to the environment due to fracking in the US.

Now, RIL’s stake is likely to be valued at about $4 billion.

The Indian Institute of Technology-Madras has derecognised the Ambedkar-Periyar Study Circle (APSC), a student association, following an anonymous complaint that it was instigating protests against the policies of the Centre and creating “hatred” against Prime Minister Narendra Modi and Hindus.

The members have shot off a letter to the institute’s Director against what they called the “unilateral” and “undemocratic” decision to derecognise the group.

State-owned power utility NTPC today reported a 5 per cent drop in its March quarter net profit to Rs 2,944.03 crore.

Net profit of Rs 2,944.03 crore, or Rs 3.57 per share, was 4.8 per cent lower than Rs 3,093.54 crore, or Rs 3.75 a share, in the same period a year ago, National Thermal Power Corporation Limited said in a stock exchange filing.

A Radioactive leak from a medicinal consignment was detected at Indira Gandhi International Airport in Delhi on Friday.

According to reports, a leak was detected after a package containing nuclear medicine was damaged.

Shares of oil marketing companies mainly Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) have rallied by up to 6% each on the bourses after the companies reported better-than-expected results for the March 2015 quarter.

HPCL has surged 6% to Rs 674, less than 2% away from its record high of Rs 686 on the NSE, after posting a net profit at Rs 2,162 crore against average analyst estimates of Rs 1,341 crore. The board has recommended a final dividend of Rs 24.50 per share.

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