Tobacco-to-FMCG conglomerate ITC has replaced Tata group's IT giant TCS as the country's most admired company on a Fortune magazine list, which has got as many as 19 new entrants including Cognizant, Birla group firm Idea Cellular and discom BSES Rajdhani Power Ltd. In the latest list for the year 2014, ITC is followed by engineering and infrastructure major Larsen and Toubro (L&T), another FMCG giant Hindustan Unilever, carmaker Maruti Suzuki and public sector bank SBI among the top five most admired companies in India.

The Securities and Exchange Board of India (Sebi) has asked investors in Sahara's collective investment scheme to apply for their refunds by September 30.

A half-page newspaper advertisement said claims after the deadline would not be entertained.

Reliance Industries Limited (RIL's) decision to source 1.5 million tonnes of ethane a year from the US to feed its crackers in India could save the company a whopping Rs 2,000 crore annually.

The cost of feedstock is the largest that petrochemical companies bear. Currently, there are three naphtha-based, three gas-based and one mixed feed cracker complex in the country.

Government-owned and loss-making Air India (AI) has terminated from service 194 cabin crew and 11 pilots over the past year, primarily for unauthorised absence.

It now has 3,400 cabin crew, including 800 hired on contract. A senior executive said, “Improving the performance parameters is priority. It is important to instil a sense of discipline. The airline and its passengers should not suffer due to delays or absenteeism on the part of cockpit and cabin crew.”

The PM Narendra Modi-led NDA government, which will complete its 100 days on September 6, has asked ministries to come up with their achievements to be shared with the public.

On his part, Union Home minister Rajnath Singh will hold a press conference in the next few days to list the achievements of his ministry.

Infosys CEO Vishal Sikka has been granted 22,794 restricted stock units (RSUs) at a price of Rs 5 per RSU, as part of his compensation structure. In a filing on the stock exchanges on Friday, Infosys said the RSUs will vest over a period of four years subject to continued employment and upon achieving key performance indicators as set by the board/management development and compensation committee from time to time.

What makes a car beautiful? Is it futuristic lines, sleek upscale appearance, ultra-modern looks—or is it a bold, understated and ageless design? Beauty, after all, is in the eye of the beholder. The first-generation Hyundai i20 was one such car—people liked its design, yet some felt it didn’t look bold enough. But then design is an ever-evolving process. So when Hyundai decided to enter a new design phase—called Fluidic Sculpture 2.0—it chose the i20 to embody that language in India and gave the car a new name, the Elite i20.

Giving details of the alleged conspiracy, NIA said the accused had collected explosives from Mirzapur and other material from Patna to fabricate improvised explosive devices (IEDs).

Ali, who allegedly also planted bombs at Bodh Gaya last year, had given up the idea of planting cylinder bombs as they were not that effective. After learning how to make bombs from "Inspire" magazine of banned terror group Al-Qaeda, they fabricated IEDs in pipe-elbow style, according to the charge sheet.

ICICI Bank, in a move to take ahead its financial inclusion strategy, is planning to add another 1.5 million bank accounts in this financial year.

“We have around 18.5 million zero basic savings bank deposit accounts and by the end of this year, we expect to have close to 20 million such accounts,” said Rajiv Sabharwal, executive director, ICICI Bank, the country’s largest private sector lender.

Leading stock exchanges, BSE and NSE, will drop United Spirits Ltd (USL) from the future and option segment from September 19 as the company failed to comply with listing agreements, including timely submission of financial results.

In similarly-worded circulars, BSE and NSE said “United Spirits Ltd has not submitted financial results for the year ended March 31, 2014 and quarter ended June 30, 2014 as required under Clause 41 of the listing agreement.”

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