Tata Motors, the largest truck maker, is finding more takers for its differentiated voting rights (DVRs) shares than ordinary shares in its ongoing rights issue to raise Rs 7,500 crore. According to the data available with exchanges, Tata Motors' DVR was subscribed 95 per cent on Thursday evening against 83 per cent for the ordinary shares of the company.

The issue that opened on April 17 will close on Saturday. Friday being a holiday and Saturday being a non working day for exchanges, Thursday was the last day for all the investors making online application using the ASBA (application supported by blocked amount) facility. ASBA is also mandatory for all applications for shares worth above Rs 2 lakh.

An expansion of discoveries in the KG-D5 block (KG for the Krishna-Godavari basin), higher volume considerations, and an expected delay in the development of Cluster 1 discoveries - all these have prompted Oil and Natural Gas Corporation (ONGC) to shun an earlier plan to use Reliance Industries Ltd (RIL)'s infrastructure in the adjoining KG-D6 block off the coast of Andhra Pradesh.

ONGC had signed a memorandum of understanding (MoU) with RIL in 2013 to share the latter's infrastructure on the east coast. For the state-owned company, the idea was to speed up the development of D, E, and G-4 fields in Cluster 1 - north of the KG-D5 block and close to the boundary with RIL's KG-D6 block - to produce six to nine million standard cubic metres per day (mscmd) of gas by mid-2017.

V Balakrishnan, former chief financial officer and board member of Infosys Technologies, has invested in CannyKart, a marketplace which only deals with the Internet of Things (IoT) devices, products and solutions. This is his first investment in e-commerce.

IoT refers to transfer of data over a network without requiring human-to-human or human-to-computer interaction.

NEW DELHI: State-run telecom operator MTNL has introduced unlimited free local calling at night for its landline and broadband customers to any network, effective Friday.

"MTNL has decided to introduce unlimited free local calling for its landline and broadband customers (Combo) between 2200 HRS to 0700 HRS to any network.

NEW DELHI: Low-cost airline IndiGo has said it will add eight new flights to its domestic network from Friday with additional daily services from Delhi to Chennai, Vadodara and Lucknow.

IndiGo will also connect Srinagar to Chennai with the introduction of its first daily flight via Delhi, the airline said in a release on Thursday.

Finland’s Nokia reported quarterly profits well below market forecasts at its telecom network equipment business, sending its stock tumbling 10 percent and raising concerns over its planned takeover of smaller rival Alcatel-Lucent.

First-quarter revenue was ahead of expectations, but operating profit dropped 61 percent, which Nokia blamed largely on the need to cut prices to secure major mobile contracts in China and on weaker software sales.

Stock exchanges BSE and NSE have decided to shift a total of 56 companies to the restricted trading segment from May 6 to ensure safety of investors in the capital markets.

BSE said it would be shifting as many as 47 scrips to the trade-to-trade or the 'T' group segment, while the National Stock Exchange (NSE) has decided to move nine stocks to this category, the bourses said in separate notices.

Auto-maker Mahindra & Mahindra today reported 1% rise in total sales at 36,727 units in April 2015.

It had sold 36,288 units in the same month last year, Mahindra & Mahindra (M&M) said in a statement.

Microsoft has launched a set of new machine learning APIs in public beta under the name ‘Project Oxford’ and it’s How-Old.net demo for this service went viral. This service uses some of the new developer services that are a part of ‘Project Oxford’.

This new facial analysis tool tells the user about his/her age and gender. The user needs to upload the photo of his/her face and then it automatically figures out the age and gender of the person in the picture.

Finance minister Arun Jaitley on Thursday clarified that minimum alternate tax (MAT) would not be applicable on foreign companies’ earning from capital gains on securities, royalty, fee on technical services and interest, providing a huge breather to foreign investors.

Replying to the debate on the Finance Bill, 2015, in the Lok Sabha, the finance minister said that the exemption would apply prospectively only in those cases where the normal tax rate is below the MAT rate of 18.5 per cent, even as he assured the taxpayers to replace the 14-page long ITR with an “extremely simplified” income tax return (ITR) form.

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