Japanese automakers today recalled nearly three million vehicles worldwide over an airbag defect that could pose a fire risk.

When the Microsoft Surface was first launched, a friend (and long-time iPad user) said it would be the next big thing. Curious, I had asked why? "An iPad or Android device is a wonderful gadget to consume media. When it comes to productivity, there's no beating Windows," he had said.

The Budget session of Parliament will be held from July 7 to August 14 and the first General Budget of the Narendra Modi government will be presented on July 10.

Benchmark share indices weakened in noon trades on Monday with index heavyweights dragging the Sensex below 25,000 even as sugar stocks rallied on reports of sharp hike in import duty.

ISIS is being perceived as a terror outfit and flayed for its attempt to establish an Islamic state in Iraq.

The Reserve Bank of India (RBI) has set a limit of $10 million on banks’ proprietary positions in exchange-traded currency derivatives (ETDC) and has allowed foreign portfolio investors (FPIs) to hedge their currency risks without any underlying exposure up to the same limit. According to currency dealers this move will help to bring about more liquidity in the market.

Benchmarks BSE Sensex and NSE Nifty today extended losses for the third day and ended at two-week lows dragged down by Mahindra and Mahindra, Tata Power and ICICI Bank shares as caution prevailed over the growing unrest in Iraq choking oil supplies and a weak monsoon stunting economic revival.

The S&P BSE benchmark Sensex slipped another 96.29 points, or 0.38 per cent, to end at 25,105.51 and the NSE 50-share Nifty moved down by 29.25 points, or 0.39 per cent, to finish at 7,511.45, its lowest close since June 5.

When my friends at Mercedes-Benz told me they were sending the 2014 S500 over for a review, the excitement was tantalising—the S-class is unofficially the ‘best car in the world’. But I admit I was a bit worried as well. I live in an apartment complex in East Delhi, and with the rapid rise in car ownership over the last few years, I was worried that I would spend hours parking such a luxury barge and then I would hate myself if I ended up scratching such a beauty. To my surprise, I was proved so wrong.

CHENNAI: India will cement its position as a sought-after commercial rocket launching nation on June 30 when the Indian Space Research Organisation (Isro) launches Polar Satellite Launch Vehicle PSLV-C23 carrying five foreign satellites.

The rocket carrying SPOT-7, a 714kg French earth observation satellite, as the main payload will lift off from the Satish Dhawan Space Centre in Sriharikota, about 100km north of Chennai at 9:49am, an Isro statement said.

Mumbai: The Securities and Exchange Board of India, or Sebi, on Friday directed all debt-oriented and balanced mutual fund schemes to have a minimum subscription amount of Rs.20 crore at the time of a new fund offer (NFO). For other schemes, the minimum subscription requirement will be Rs.10 crore.

Sebi said many debt-oriented schemes are operating with very low assets under management, or AUM. “In the interest of investors, it is important that debt-oriented schemes have an adequate corpus to ensure adherence to the investment objectives...,” said Sebi.

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