In its first decision after forming the government, the union cabinet Tuesday announced the formation of a Special Investigation Team (SIT) on black money.

Making the announcement, Law Minister Ravi Shankar Prasad said the SIT will have retired justice M.B. Shah as its head.

India Cements Limited on Tuesday announced a plan to merge with its subsidiary, Trinetra Cements Ltd, beside selling large portions of land near its plants in Tamil Nadu and Andhra Pradesh and looking at real estate development, through its real estate arm.

Toyota Kirloskar Motor on Tuesday announced the launch of the new Corolla Altis. The 11th generation of the Corolla is available in five grades in petrol and in four grades in diesel.

The new model has a 1.8l Dual VVTi petrol engine and is also available with a seven-speed sequential shiftmatic with the new “paddle shift”. The petrol variant is also available with six-speed manual transmission. The diesel variant is available with a 1.4 l 1ND D-4D engine with variable nozzle turbo and intercooler with six-speed manual transmission.

The Adani group is on a fast track. It announced a Rs 4,400-crore acquisition of the Dhamra port the day election results gave Prime Minister Narendra Modi a superlative win.

Just over a week later, the Rs 50,000-crore group’s real estate arm, Adani Realty, announced the launch of a luxury residential project in Mumbai’s posh Four Bungalows area, a western suburb. The project promises “the privilege of being up and away” and is coming up on two acres of land the group bought in early 2012 from Mumbai developer HDIL for Rs 900 crore. There will be three towers of 29 storeys each.

Markets have started the trading session on a marginally positive note tracking higher global cues along with capital goods shares leading the gains.

By 9:25, the Sensex was higher by 75 points at 24,624 mark and the Nifty gained by 19 points at 7,336 levels.

NEW DELHI: Civil Services aspirants will get two more additional attempts from this year onwards to write the prestigious exam but there will be no change in its format and syllabi, the Union Public Service Commission (UPSC) said today.

"The aspirants should note that the government has decided to allow two additional attempts with consequential age relaxations to all categories of candidates with effect from Civil Service Examination, 2014. "There are no other changes in the format and syllabi of papers contained in the Civil Services Examination," the UPSC said in a short notice.

NEW DELHI: International Business Machine (IBM) Corp sees huge potential for its Watson supercomputer in the Indian market in the role of an advisor or helping businesses increase competencies, even as the company tests the scalability of the technology by using it internally. "Clearly there is desire. Now it's up to us to get from that desire and interest to meaningful use cases that have business justification," said Michelle Unger, worldwide head of sales for Watson Engagements at IBM, talking about the potential Indian market for Watson.

NEW DELHI: General Motors India will begin exporting vehicles from India with Chile slated to be its first overseas market.

The company will initially export left-hand-drive Chevrolet Beat to Chile. The production of export vehicles will commence at the Talegaon Plant in the second half of 2014, with sales commencing in Chile in the first quarter of 2015, GM India said in a statement.

BANGALORE: Students of second-rung engineering colleges have not had it easy so far, coping as they do with poor infrastructure and little scope to showcase their skills. But global technology competitions are now helping them overcome this handicap. The global competitions targeted at students—many hosted by technology giants such as Microsoft—have opened doors to these students from these colleges, who have exploited the platforms to the fullest.

Coca-Cola has been accused of using a £20 million anti-obesity drive to distract attention from its contribution to Britain's obesity epidemic.

The drinks giant plans to pour millions into fitness programme called Coca-Cola Zero ParkLives, offering thousands of free sessions and coaching for families across 70 parks in England.

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