The Delhi elections were historic not only because of the huge numbers that the mandate threw up in favour of Arvind Kejriwal’s Aam Aadmi Party, but also because it dimmed the aura of invincibility around Prime Minister Narendra Modi, Bharatiya Janata Party President Amit Shah, and the party at large.

As was witnessed over the past few weeks, opposition parties, and even some allies, smelt blood and got emboldened. And to their credit, Modi and Shah recognized that the ‘honeymoon period’ was over. The Prime Minister, after a rather invective-filled Delhi campaign, reached out to Kejriwal and called him over for tea.

Amid a major crackdown on an alleged 'corporate espionage' syndicate, business conglomerate Reliance Group today said it is 'committed to propriety in all its business dealings' and group firm Reliance Power is fully cooperating with the authorities.

Mumbai: Idea Cellular Ltd and Yes Bank Ltd will replace DLF Ltd and Jindal Steel and Power Ltd in the benchmark Nifty index , according to a statement issued by India Index Services and Products Ltd, a subsidiary of the National Stock Exchange of India Ltd (NSE).

The changes made by the index maintenance sub-committee are part of its periodic review and will become effective from 27 March, it said. Apart from changes in the Nifty, revisions have been made in 21 other sectoral and theme-based indices of the exchange.

Mumbai: State-owned Coal India Ltd will boost capital expenditure by 15% in 2015-16 to increase production to 550 million tonnes, a jump of over 8%.

The world’s biggest coal producer proposes to invest around Rs.6,000 crore in 2015-16 in capital expenditure, it told the stock exchanges on Friday.

Microsoft has updated its Windows Defender to remove the Superfish adware which reportedly made Lenovo users susceptible to attacks.

According to the Verge, researchers are reporting that Windows Defender, Microsoft's onboard anti-virus software, is now actively removing the Superfish software that came pre-installed on many Lenovo computers. Windows Defender will also carry the task of resetting any SSL certificates that were bypassed by Superfish, and restore the system to proper working order.

The US continues to be ahead of others in breeding start-ups but India seems to be racing past Europe in terms of the number of highly valued new-age companies.

Four Indian companies have entered a list of the 73 most-valued billion dollar club of start-ups across the world, based on a survey by The Wall Street Journal and Dow Jones VentureSource. Powa and Shazam from the UK, valued at $2.7 billion and $1 billion, respectively, made it to the list. The list includes Flipkart, Snapdeal, Ola Cabs and InMobi.

The Securities and Exchange Board of India (Sebi) on Friday suspended trading in Kamalakshi Finance Corp (KFCL), widening the crackdown against shell companies used to allegedly launder money through the stock exchange route.

In an interim order, the regulator barred a little more than 30 entities, including the promoters of Kamalakshi, from accessing the capital market. This is the fourth order by Sebi in its probe in this regard, where unscrupulous entities apparently attempted to launder up to Rs 20,000 crore.

The proposed Rs 15,000-crore merger deal between Kotak Mahindra Bank and ING Vysya Bank has got the Competition Commission of India (CCI)'s approval.

According to the fair trade regulator, the merger, which would create the country's fourth largest private sector lender, is “not likely to have an appreciable adverse effect on competition in India”.

The BSE benchmark Sensex and the broader Nifty ended the truncated week with modest gains as caution prevailed ahead of the Union Budget due next week.

The week saw every market surge was frequented by volatility over uncertain global peers due to huge debt repayment talks between Greece and Eurozone ministers hogged the limelight.

BENGALURU: Infosys will hire 30,000 people in the next financial year, the lowest in the last three years, reflecting partly the company's growing emphasis on automation and productivity improvements. The number was first mentioned by CEO Vishal Sikka in an investor call earlier this week to discuss the acquisition of US automation company Panaya. Infosys subsequently confirmed the number to TOI.

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