Prime Minister Narendra Modi today said India will give business visas for 3-5 years to SAARC countries and called for making procedures simple and facilities better.

"India will now give business visa for 3-5 years for SAARC countries," Modi said at the two-day SAARC summit that began Wednesday.

Ballot triumphed over the bullet on Tuesday when people defied separatists and militants and came in large numbers to exercise their franchise in the first phase of polling in 15 constituencies spread over seven districts of Jammu and Kashmir.

Nearly 70% voters cast votes on Tuesday with Sonawari constituency recording the highest turnout of 80%. The huge turnout broke the 2008 record when Sonawari constituency polled 59.64% of votes.

Even six years after the 26/11 terrorist attack, in which 10 Pakistani terrorists from the Lashkar-e-Taiba (LeT) killed 164 people and injured over 250, the city's coastline is still far from secure.

A few days ago, the Mumbai police carried out a security drill codenamed Operation Sagar Kavach. Its objective was to assess how equipped they were to handle a 26/11-type attempt.

Capital market regulator Securities and Exchange Board of India (SEBI) is concerned with rampant 'dabba trading' and has assured strong action to address the issue, said, U K Sinha, chairman, SEBI here on Tuesday. He said this on the sidelines of conference for SME funding in Rajkot.

With Adani Power acquiring the 600-Mw Korba West plant from Avantha Group, Tata Power will soon become a distant second in terms of the largest private power producers in India. The Gautam Adani-promoted Adani Power is set to become the country’s largest private power producer, with an installed capacity of 11,040 Mw.

Currently, Adani Power has operational capacity of 8,580 Mw, against Tata Power’s 8,613 Mw. But the Ahmedabad-based Adani Power’s capacity will soon be enhanced, with an expected announcement of the commissioning of the fifth 660-Mw unit at Tiroda in Maharashtra. Besides, it had acquired the 1,200-Mw Udupi plant from Lanco Infratech in August. Once the Udupi and Korba acquisitions are completed, Adani Power’s total installed capacity will stand at 11,040 Mw. It further has the ambition to take it to 20,000 Mw by 2020.

An Indian Railways team is in China to chalk out plans for conducting feasibility study to build the 1,754 km-long Delhi-Chennai high-speed train corridor, world's second largest bullet train line.

The high-level team of officials from Rail Vikas Nigam Limited led by Satish Agnihotri arrived here yesterday and is in talks with China's High Speed Rail Corp to build the Delhi- Chennai corridor for which the communist giant has agreed to conduct the study free of cost during President Xi Jinping's visit to India in September, officials here told PTI.

Shares of BHEL were up nearly 2% at Rs 262 after a foreign brokerage upgraded the stock to "buy"from "sell"earlier.

The upgrade is on the back of good orders, earnings, under performance and under ownership by institutional investors, Citigroup said. The brokerage said that the state-owned engineering major is now its top industrial pick and has also raised the target price to Rs 335.

Tata Power will soon become a distant number two in private sector power production with Adani Power acquiring the 600 MW Korba West unit from Gautam Thapar-led Avantha Group. The billionaire Gautam Adani-promoted company is set to become the largest private sector power producer with installed capacity of 11,040 MW.

Currently, Adani Power has operational capacity of 8580 MW against Tata Power’s 8,613 MW. But it is soon going to announce the commissioning of the fifth unit of 660 MW at Tiroda in Maharashtra. Besides, the completion of the acquisition of 1,200 MW Udupi plant from Lanco Infratech and 600 MW Korba West unit will take its total capacity to 11,040 MW.

Shares of most of the frontline banks are trading lower between 1-4% on profit booking after rallying 20% in past one and half months.

Canara Bank, Bank of India, Federal Bank, Yes Bank, Punjab National Bank, Kotak Mahindra Bank, ICICI Bank and Bank of Baroda are down between 2-4%, while State Bank of India (SBI), IndusInd Bank and Axis Bank are down 1% each on the National Stock Exchange (NSE).

The CBI was on Tuesday asked by a Special Court as to whether it has examined former Prime Minister Manmohan Singh, who was then holding coal portfolio, during its probe in the coal blocks allocation scam case involving top industrialist KM Birla, former coal secretary PC Parakh and others.

Special CBI Judge Bharat Parashar asked the agency,"Don't you think examination of the then coal minister was necessary in the matter? Don't you feel the need to examine him? Don't you think his statement was necessary to present a clear picture?"

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