A suicide bomb attack on a bank branch in the eastern Afghan city of Jalalabad has killed at least 30 people, officials said.

Ahmad Zia Abdulzai, spokesman for the provincial governor in Nangarhar province, said on Saturday that more than 80 people were also wounded in the attack in Jalalabad, the provincial capital.

Hazaribagh, April 17: NTPC's plan to develop three coal blocks in Jharkhand, held up since 2005 because of violent land protests across Hazaribagh district, may finally see the light of day with the PSU coming to an understanding with local residents on compensation.

Today, National Thermal Power Corporation agreed to pay villagers, who have been farming illegally on government land and have been classified as "encroachers" by the district administration, to ensure that work could begin at the three coal blocks of Pankri Barwadih, Chatti Bariatu and Keredari.

MUMBAI: Riding on superior refinery margins, Reliance Industries (RIL) regained its position as India's most profitable firm on Friday. It reported an 8.5% jump in its FY15 fourth quarter net profit to Rs 6,381 crore (over $1 billion) on a consolidated basis, compared to the same period a year ago. TCS had displaced RIL from the numero uno position in Q3 as RIL profits fell for the first time in two years to Rs 5,256 crore.

This effectively means that RIL profits have grown over 21% over the last quarter. This jump came even as its earnings from the petrochemicals business fell while the domestic gas business continued to disappoint.

It won't be easy to hold her recently-acquired number one position in the world rankings but ace Indian shuttler Saina Nehwal says she is confident of a long reign at the top and is prepared to put in the extra effort for it.

"It will be tough maintaining the number one ranking, but people should respect that I have been the first one to reach number one slot," Saina told PTI in an interview.

Bengaluru: Infosys Ltd’s chief executive officer Vishal Sikka has hired two more of his former colleagues at German software firm SAP SE and tasked one of them with building a team out of Palo Alto to develop high-performance computing platforms, new products and enterprise solutions.

The move shows that India’s second-largest software services company is using the Silicon Valley base as the nerve centre of its efforts to transform itself into a next-generation services company.

The top ten stock picks of India's equity mutual fund managers underwent a sharp re-shuffle in 2014-15. MF managers not only changed their preferences for stocks but also ousted three heavyweight counters from their top holdings during the year, reducing concentration of equity assets in these stocks by around 440 basis points.

Sectoral giants - FMCG major ITC, largest software company Tata Consultancy Services (TCS) and oil explorer Oil and Natural Gas Corporation (ONGC) - were all out from the top picks.

Indian economy to grow at 7.3% in 2015: Moody’s Indian economy is expected to grow marginally higher at 7.3 per cent during the year compared with 7.2 per cent in 2014 and interest rate cuts will buttress private sector spending, said a group company of global rating agency Moody’s.

“Our tracking model suggests that first quarter GDP growth is tracking around 7.3 per cent, a slowdown from prior quarters. But we expect this softness will prove temporary with improving domestic demand to help India’s GDP grow 7.3 per cent for all of 2015,” Moody’s Analytics said in a study.

NSE Nifty fell for a third consecutive session on Friday, heading towards its lowest close in two weeks as IT exporters declined on concerns over fourth-quarter earnings after bellwether Tata Consultancy Services’ results failed to cheer investors.

Money managers worry slowdown seen by India’s largest software services exporter could be an indicator of an industry-wide trend and marks a weak start to the January-March earnings season.

NEW DELHI: Reliance Communicationsis looking to raise funds via an overseas bond issue to pay nearly Rs 1100 crore ($173 million) to the government as upfront payment for the airwaves it bought in the recent auctions, apart from capex needs.

Fitch Ratings has assigned RCom's (BB-/Stable) proposed senior secured notes an expected rating of 'BB-(EXP), the ratings agency said in a statement on Friday.

Mahindra & Mahindra Ltd, India's largest maker of sport-utility vehicles, is in the final stages of negotiations to buy Italian auto-design firm Pininfarina SpA, according to people familiar with the matter.

Mahindra may reach an agreement to purchase the company that has designed some of the most iconic Ferrari sports cars as early as next week, said the people, who asked not to be identified because discussions are private. Representatives for Mahindra and Pininfarina declined to comment.

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