Tech Mahindra Q2 profit jumps 27.3% at Rs 10.64 billion, tops estimates

24 analysts, on average had expected a quarterly profit of Rs 10.04 billion, according to Refinitiv data

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Narayana Murthy's mantra for job creation: Prepare youth for new-age tech

Citing the example of Infosys, Narayana Murthy said the company's Mysore training centre has a capacity to train 14,000 people a day

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Domino's to offer Pepsi, Mountain Dew, Mirinda across outlets in India

Domino's has announced PepsiCo will be its new beverage partner

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Apple Watch supplier in China under fire for student labour violation

Many were compelled to work in order to get their vocational degrees and had to do night shifts

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BCPL to shut crude unit at Kochi refinery for about 3 weeks from Dec 1

BPCL last year raised the capacity of the Kochi refinery in southern India by about 63 per cent to 310,000 bpd

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New brain region that suppresses fear identified

A new study has identified a new area in the brain involved in inhibiting fear, a discovery that holds potential for clinical interventions in patients with psychiatric diseases such as post-traumatic stress disorder (PTSD).

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Lifespan and sexual maturity depends on your brain more than your body

New research finds how long humans and other warm-blooded animals live -- and when they reach sexual maturity -- may have more to do with their brain than their body. More specifically, it is not animals with larger bodies or slower metabolic rates that live longer; it is animals with more neurons in the cerebral cortex, whatever the size of the body.

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Potential flaw in our assumptions about unknown opinions of others

Findings from a new study suggest that people assume that those who are silent in a conversation would agree with their own opinion, even if the majority of the speakers in the group have a different opinion. This has implications for how people form opinions about products, politics, and much more.

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Single protein controls thousands of genes essential for sperm development

A single protein regulates a battery of key genes inside developing sperm, according to a new study. Scientists discovered the protein -- called Dazl -- controls a network of genes essential for developing sperm to replicate and survive. The findings, published in Cell Reports, could lay the groundwork for future research into therapies for infertile men.

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Facial asymmetry increases with age

Asymmetry between the two sides of the face increases steadily with aging -- a finding with important implications for facial rejuvenation and reconstructive procedures.

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One month of abstinence from cannabis improves memory in adolescents, young adults

A new study finds that one month of abstaining from cannabis use resulted in measurable improvement in memory functions important for learning among adolescents and young adults who were regular cannabis users.

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Solving a 100-year mystery in blood pressure research

New insight into how cells sense blood pressure could present better targets for treating hypertension.

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Brain-inspired methods to improve wireless communications

Researchers are using brain-inspired machine learning techniques to increase the energy efficiency of wireless receivers.

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Specific networks in brain present much earlier than previously thought

A team of researchers have used the brain's spontaneously generated patterns of activity to glean novel insights into network structure and development. They found the existence of precise organizational networks in the cerebral cortex much earlier in development than previously thought.

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Flexible, stable and potent against cancer

Linking therapeutically active molecules to specific antibodies can help to pilot them to their designated targets and minimize side effects -- especially when treating tumors. Scientists have now described novel conjugates made from antibodies and a kinesin spindle protein inhibitor. Changing the linker between the two components allows for tuning the activity of this cytostatic drug, which is effective against a broad palette of cancers.

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Preventing sudden cardiac death with genome editing

Gene editing successfully prevented sudden cardiac death in a mouse model of inherited cardiac arrhythmia disorder.

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Pedestrian fatalities increase on Halloween, particularly among children

Children are more likely to be fatally struck by a vehicle on Halloween than on other nights of the year, according to new research.

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Owls help scientists unlock secret of how the brain pays attention

Studying barn owls, scientists believe they've taken an important step toward solving the longstanding mystery of how the brain chooses what most deserves attention.

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Young men more likely to die in summer, older people in winter despite local climate

Young men living in the US are overall more likely to die in the summer months, according to a new study.

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How LSD changes perception

LSD changes the communication patterns between regions of the brain, new research shows. The study also provides insights into how mental health disorders develop and how these could be treated.

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An end to arachnophobia 'just a heartbeat away'

Researchers have discovered that exposing people with phobias to their fear -- for examples, spiders for those who have arachnophobia -- at the exact time their heart beats, led to the phobia reducing in severity.

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New anatomic structure in the ankle described

Researchers describe a new ligament in the lateral side of the ankle. The ligament complex would explain chronic pain after an ankle sprain.

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Generation Z stressed about issues in the news but least likely to vote

Headline issues, from immigration to sexual assault, are causing significant stress among members of Generation Z -- those between ages 15 and 21 -- with mass shootings topping the list of stressful current events, according to a new report.

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Promising new target for immunotherapy

Researchers have shed new light on a molecule called TIM-3 that might play a key role in the regulation of the immune response.

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Advertising in kids' apps more prevalent than parents may realize

Ninety-five percent of reviewed apps for children ages 5 and under include at least one form of advertising, a new study finds. Researchers found play was frequently interrupted by pop-up video ads, persuasion by commercial characters to make in-app purchases to enhance the game experience and overt banner ads that could be distracting, misleading and not always age-appropriate.

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Vitamin D levels in the blood linked to cardiorespiratory fitness

New research finds that higher levels of vitamin D are associated with better exercise capacity.

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How some heart cells cope with high blood pressure

Individual cells within the same heart cope differently with high blood pressure, according to a new study. This is the first time researchers have identified distinct differences between heart muscle cells that fail and those that adapt to high blood pressure.

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The 10-foot-tall microscopes helping combat world's worst diseases

The century-old mission to understand how the proteins responsible for amyloid-based diseases such as Alzheimer's, Huntingdon's and Parkinson's work has taken major steps forward in the last 12 months, thanks to a revolution in a powerful microscopy technique used by scientists.

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High levels of previously unsuspected pollutant uncovered in homes, environment

Scientists have found high levels of a previously unsuspected pollutant in homes, in an electronic waste recycling facility and in the natural environment. People are likely to be exposed to this pollutant by breathing contaminated dust or through skin contact.

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Showerhead bacteria and lung infections: Researchers find correlation

Researchers have shown that the regions in the United States where pathogenic mycobacteria are most prevalent in showerheads are the same regions where nontuberculous mycobacterial (NTM) lung infections are most common. The study emphasizes the important role of showerheads in the transmission of NTM infections.

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Discovery of Zika virus in monkeys suggests disease may also have wild cycle

Zika virus has been detected in dead monkeys found in several areas in Brazil. The monkeys had been killed by locals who thought the animals had yellow fever. In fact, the monkeys were not bearers of that disease, but infection by Zika virus had made them sick and more vulnerable to attack by humans.

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Studies raise questions over how epigenetic information is inherited

Evidence has been building in recent years that our diet, our habits or traumatic experiences can have consequences for the health of our children -- and even our grandchildren. The explanation that has gained most currency for how this occurs is so-called 'epigenetic inheritance' -- patterns of chemical 'marks' on or around our DNA that are hypothesized to be passed down the generations. New research suggests this mechanism of non-genetic inheritance is likely to be very rare.

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Secrets of mighty cancer killing virus unlocked

Researchers have used high-resolution electron microscopy images to reveal how an anti-cancer virus interacts with tumor cells, increasing its potential to save lives.

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Novel quantum dots enhance cell imaging

Researchers have engineered a new type of molecular probe that can measure and count RNA in cells and tissue without organic dyes. The probe is based on the conventional fluorescence in situ hybridization (FISH) technique, but it relies on compact quantum dots to illuminate molecules and diseased cells rather than fluorescent dyes.

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Rich people don't live that much longer than the poor, study finds

Differences in how many extra years rich people live compared to poor people is only about half of what we thought, according to new research.

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Govt may have invoked never-used powers in talks with RBI Governor

The RBI has received letters from the government seeking Governor Urjit Patel's views on issues ranging from the authority's handling of weak state-run lenders to tight liquidity

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RTI confirms Rajan sent PM Modi list of bank defaulters in February 2015

Asked what action was taken after receiving Rajan's list of NPA defaulters suspected of fraud, the PMO replied that this information does not fall within the scope of RTI

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RBI governor may consider resigning after rift with government: CNBC TV18

The RBI was not immediately available for comment

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Sabarimala: Ban on women fails four key tests of constitutional morality

Excluding menstruating women from the shrine also violates Article 17 -- the Constitutional provision prohibiting untouchability

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Govt hopes better rank in World Bank's Doing Business 2019 report

Last year, India had improved its position by 30 spots. This year, the World Bank will consider reforms introduced till May 1

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Govt panel shortlists some potential candidates for chief economic advisor

The candidates were shortlisted after a round of interviews and there will be more interviews to narrow the field even further, the source said

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SC order on broadcasting sector tariffs a big win for consumers: Trai Chief

The order will provide consumers choice of channels, transparency and better service quality, RS Sharma said

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FinMin raises liquidity concerns, RBI says cash crunch not severe

After the meeting, no government official commented on anything even as Urjit Patel and his colleagues left North Block through a different exit point

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Inflation to remain below 4% even if onion prices increase: SBI study

The govt release the Consumer Price Index for October on November 12

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Navi Mumbai airport by March 2020, land acquisition for refinery on hold

We have identified the land, but there are certain concerns. We have put that land on hold, but we are in active consultation, Devendra Fadnavis said

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India Inc foreign borrowing halves to $41.71 bn in Sept, Jio gets $500 mn

Of the $1.71 billion raised in previous month, $1.21 billion was through automatic route while $500 million came in via approval route

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Centre approves construction of 215,000 houses in 6 states under PMAY (U)

According to the govt, with the sanctioning of 215,083 more housing units, the total number of houses being funded under the PMAY(U) across the country would be 62,53,731

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Deepen market connect for agri, dairy, rural entrepreneurship: Kant to govt

Kant said that India is uniquely positioned among the global economies by 2020

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Make in Odisha 2.0 to host sessions on chemicals, defence manufacturing

Odisha has been fast emerging as a petrochemicals hub in the country

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RBI looked the other way as banks lent heavily under UPA: Jaitley

This was seen as a veiled reference to RBI pushing back hard against the government pressure to relax its policies and reduce its powers

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UIDAI plans passport offices-type Aadhaar Seva Kendra for 'smooth' service

Almost 114 such Kendra (or centres) in 53 cities and towns including all state capitals will be established in the first phase

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RSS-affiliated labour union flays Centre, demands white paper on FDI

Bharatiya Mazdoor Sangh has demanded the issuance of a white paper on the FDI receipt in recent years and the employment opportunities thus generated

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Mumbai leads data centre business, Bengaluru 2nd, Delhi-NCR trails: Report

Mumbai presently has four of the 10 cable landing stations in the country

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RBI more independent today, says Morgan Stanley on Viral Acharya's comment

Acharya had last Friday made a fervent pitch for independence/autonomy for the regulator and warned of punishment by the markets if it is undermined

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FSDC discusses NBFC fund crunch; RBI assures adequate liquidity in system

The meeting assumes significance as the FSDC is meeting for the first time after RBI Deputy Governor Viral Acharya raised issues regarding the independence of the central bank

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Centre, states divide Rs 320 bn IGST in Oct; states to get over Rs 150 bn

As much as Rs 290 bn was settled in September, Rs 120 bn in August, Rs 500 bn in June and Rs 350 bn in February this year

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NIPFP: Data localisation norms are too broad, don't address key issues

Mandatory nature of localisation within specific regions ups risks of security breaches and data misuse; lack of strong protection regime may lower data protection and efficacy of payments ecosystem

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Govt starts framing rules to handle complaints against CVC: Ministry

There are no guidelines in place to handle complaints against the CVC, the ministry said in response to an RTI query

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Why govt and RBI are at loggerheads: Here's a list of issues they differ on

From a banking crisis to interest rates, the RBI has often found itself on opposing sides to government officials this year

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The statue of unity: Can it become the new magnet of tourism for India?

History shows that once-in-a-lifetime structures like the Statue of Unity create opportunities around them, especially in tourism, that create a positive return on investment in just a few decades

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Arun Jaitley criticises RBI for 'indiscriminate' lending during UPA years

Tensions between the finance ministry and RBI have risen since the bank's deputy governor said in a speech on Friday that undermining a central bank's independence could be potentially catastrophic

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Jaitley to chair FSDC meeting today even as RBI, govt lock horns in public

The latest meeting comes amid concerns about the role of the 'super-regulator'

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CAD, rupee woes: India increases size of currency swap with Japan to $75 bn

Technically called the bilateral currency-swap agreement, this facility will enable India to save up to $75 billion on tap when the need arises

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Tata-Adani power projects get Supreme Court window; CERC to look at PPAs

The CERC will take views of all the stakeholders to revise tariff of imported coal-based power projects in Gujarat

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Union Bank of India reports Rs 1.39 billion net profit in Q2 FY19

The bank had reported a net loss of Rs 15.3 billion in the July-September period of 2017-18

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Right to be forgotten: How to protect privacy in times of blockchain

At its core, blockchain is a database that is jointly managed by a distributed set of participants

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Fortress Facebook is suddenly vulnerable: Can it really generate profits?

Investors have lost faith in Facebook's ability to keep passing the money-making baton to the rest of its products

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Apple launches new iPad with iPhone XS features at New York event

Apple also unveiled new Mac computers, including a MacBook Air laptop with a high-resolution screen

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Apple introduces its most powerful iPad Pro, MacBook Air and Mac mini

The new iPad Pro models will be available later this year in India

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Huawei to launch wireless charging in India with its Mate 20 Pro next month

With a 10-minute 15W wireless charging session, the wireless charger tops up the battery 12%, while a 30-minute charge gives the battery 31% juice

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Asus ZenBook Pro 15 (UX580G) review: Performance laptop with two displays

Although the i9 processor and other powerful innards make the flagship Zenbook an outstanding performer, the laptop's USP is its touchpad that doubles up as a secondary display

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New technology must create more jobs than it destroys, says Mukesh Ambani

A major task is 'to ensure that new and disruptive technologies create more employment opportunities than they take away,' Ambani said

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Asus Zenfone Max M1 and Lite L1: Capable performers in budget phone segment

Business Standard reviewed the Zenfone Max M1 and Zenfone Lite L1 to test how these devices fare in day-to-day operations. Here are our observations

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Samsung Galaxy A7 (2018): Finally, a game-changing midrange smartphone

Priced at Rs 23,990 for the base model with 64GB of internal storage, it is a mixed bag of design, performance, imaging and battery life - something hard to find in any other midrange smartphone

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If bitcoin wins, climate loses out: Will a cryptocurrency kill Paris goals?

A report tries to think through the side effects of the dramatic success of bitcoin

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Laser technique may open door to more efficient clean fuels

Electrocatalysts have shown promise as a way to efficiently convert waste CO2 into clean fuels, but the mechanisms by which they operate are often unknown making it hard for researchers to design new ones in a rational manner. New research demonstrates a laser-based spectroscopy technique that can be used to study the electrochemical reduction of CO2 in-situ and provide much-needed insights into these complex chemical pathways.

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Tiny light detectors work like gecko ears

By structuring nanowires in a way that mimics geckos' ears, researchers have found a way to record the incoming angle of light. This technology could have applications in robotic vision, photography and augmented reality.

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Making a transparent flexible material of silk and nanotubes

The silk fibers produced by Bombyx mori, the domestic silkworm, has been prized for millennia as a strong yet lightweight and luxurious material. Although synthetic polymers like nylon and polyester are less costly, they do not compare to silk's natural qualities and mechanical properties. And according to new research, silk combined with carbon nanotubes may lead to a new generation of biomedical devices and so-called transient, biodegradable electronics.

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Scientists call for unified standards in 3D genome and epigenetic data

Studying the three-dimensional structure of DNA and its dynamics is revealing a lot of information about gene expression, expanding our knowledge of how cells, tissues and organs actually work in health and disease. Properly producing and managing this large amount of data is both challenging and necessary for the progress of this field. In a perspective paper published in Nature Genetics, top researchers call for unified standards and suggest guidelines in this emerging and promising research area.

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Brain-inspired methods to improve wireless communications

Researchers are using brain-inspired machine learning techniques to increase the energy efficiency of wireless receivers.

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Flexible, stable and potent against cancer

Linking therapeutically active molecules to specific antibodies can help to pilot them to their designated targets and minimize side effects -- especially when treating tumors. Scientists have now described novel conjugates made from antibodies and a kinesin spindle protein inhibitor. Changing the linker between the two components allows for tuning the activity of this cytostatic drug, which is effective against a broad palette of cancers.

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Trapping atoms, not space ships, with tractor beams

Researchers have delved into the realm of Star Wars and created a powerful tractor beam -- or light-driven energy trap -- for atoms.

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Simple, mass production of giant vesicles using a porous silicone material

A technique to generate large amounts of giant vesicle (liposome) dispersion has been developed. The technique involves adsorbing a lipid into a silicone porous material resembling a 'marshmallow-like gel' and then squeezing it out like a sponge by impregnating a buffer solution.

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Berkeley computer theorists show path to verifying that quantum beats classical

Researchers have just found a way to show that quantum computing beats classical computing by giving a leading practical proposal known as random circuit sampling (RCS) a qualified seal of approval with the weight of complexity theoretic evidence behind it. They showed that producing a random output with a 'quantum accent' is indeed hard for a classical computer through a technical complexity theoretic construct called 'worst-to-average-case reduction.'

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These new techniques expose your browsing history to attackers

Security researchers have discovered four new ways to expose Internet users' browsing histories. These techniques could be used by hackers to learn which websites users have visited as they surf the web.

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Modelling a future fuelled by sustainable energy

Economists have modeled the transition from a world powered by fossil fuels to one in which sustainable sources supply all our energy needs.

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Advertising in kids' apps more prevalent than parents may realize

Ninety-five percent of reviewed apps for children ages 5 and under include at least one form of advertising, a new study finds. Researchers found play was frequently interrupted by pop-up video ads, persuasion by commercial characters to make in-app purchases to enhance the game experience and overt banner ads that could be distracting, misleading and not always age-appropriate.

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The 10-foot-tall microscopes helping combat world's worst diseases

The century-old mission to understand how the proteins responsible for amyloid-based diseases such as Alzheimer's, Huntingdon's and Parkinson's work has taken major steps forward in the last 12 months, thanks to a revolution in a powerful microscopy technique used by scientists.

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High levels of previously unsuspected pollutant uncovered in homes, environment

Scientists have found high levels of a previously unsuspected pollutant in homes, in an electronic waste recycling facility and in the natural environment. People are likely to be exposed to this pollutant by breathing contaminated dust or through skin contact.

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Integrated quantum chip operations possible, tests show

For the first time, an Australian team has combined two fundamental quantum techniques on an integrated silicon platform, confirming the promise of silicon -- the basis of all modern computer chips -- for quantum computing.

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Novel quantum dots enhance cell imaging

Researchers have engineered a new type of molecular probe that can measure and count RNA in cells and tissue without organic dyes. The probe is based on the conventional fluorescence in situ hybridization (FISH) technique, but it relies on compact quantum dots to illuminate molecules and diseased cells rather than fluorescent dyes.

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Inside these fibers, droplets are on the move

A team has develop fibers containing systems for mixing, separating, and testing fluids. These fiber-based microfluidics systems may open up new possibilities for medical screening.

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Persistent gap in natural gas methane emissions measurements explained

A new study offers answers to questions that have puzzled policymakers, researchers and regulatory agencies through decades of inquiry and evolving science: How much total methane, a greenhouse gas, is being emitted from natural gas operations across the US? And why have different estimation methods, applied in various US oil and gas basins, seemed to disagree?

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Bitcoin can push global warming above 2 degrees C in a couple decades

The electricity requirements of Bitcoin have created considerable difficulties, and extensive online discussion, about where to put the facilities or rings that compute the proof-of-work of Bitcoin. A somewhat less discussed issue is the environmental impacts of producing all that electricity.

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Scalable platform for on-chip quantum emitters

Researchers have developed a scalable method for creating large numbers of quantum light sources on a chip with unprecedented precision that not only could pave the way for the development of unbreakable cryptographic systems but also quantum computers that can perform complex calculations in seconds that would take normal computers years to finish.

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Finally, a robust fuel cell that runs on methane at practical temperatures

Either exorbitantly expensive fuel or insanely hot temperatures have made fuel cells a boutique proposition, but now there's one that runs on cheap methane and at much lower temperatures.

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Improving structural health monitoring with magnetostrictive transducer

A new, more powerful generation of a magnetostrictive sensor withstands extreme temperatures, automatically adjusts frequencies and incorporates a stronger magnet.

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AI and NMR spectroscopy determine atoms configuration in record time

Scientists have developed a machine-learning approach that can be combined with experiments to determine, in record time, the location of atoms in powdered solids. Their method can be applied to complex molecules containing thousands of atoms and could be of particular interest to the pharmaceutical industry.

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Bengaluru home-buying sees fastest pick-up among metros this year: Anarock

The report tracked Bengaluru's residential real estate trends since 2013, factoring in the city's evolution in terms of infrastructure development, transport and connectivity

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China, India, oil price spike worries to test US' Iran sanctions resolve

India has told the US that rising energy costs caused by a weak rupee and high oil prices mean zeroing out Iranian purchases will be impossible until at least March

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Here's how to check if your airline fulfils aviation safety standards

Governing bodies in the US and the EU publish their evaluations of airlines, often by country, and provide resources for fliers when determining if their carrier is on a safety blacklist

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InterGlobe Hotels plans to invest Rs 10 billion, expand ibis hotels network

Singh said the company is looking at 18-19 new cities for an expansion besides building more hotels in its existing markets

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Glenmark pharma gets USFDA nod for generic Derma-Smoothe Topical Oil

Glenmark Pharmaceuticals Tuesday said it has received final approval from the US health regulator for generic version of Derma-Smoothe Topical Oil, used in the treatment of scalp psoriasis. "Glenmark Pharmaceuticals Inc, USA (Glenmark) has been granted final approval by the United States Food & Drug Administration (USFDA) for Fluocinolone Acetonide Topical Oil, 0.01 per cent (scalp oil), a generic version of Derma-Smoothe/FS Topical Oil, 0.01 per cent (scalp oil), of Hill Dermaceuticals, Inc," the company said in a BSE filing. For the 12 months to September 2018, DermaSmoothe/FS Topical Oil, 0.01 per cent (scalp oil), achieved annual sales of around USD 14 million, Glenmark said, citing IQVIA sales data. The company's current portfolio consists of 141 products authorised for distribution at the US marketplace and 58 Abbreviated New Drug Applications (ANDAs) pending approval with the USFDA. The company's stock was trading at Rs 607.35 apiece, up 0.41 per cent, on the BSE.

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Lenders to take 56% haircut in the dirty dozen companies under IBC process

Banks to get back around Rs 1,146 bn against Rs 2,564 bn debt

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Amazon's Bezos breaks Zuckerberg's record, loses $19.2 bn over 2 days

Technology stocks led Monday's declines, with the Nasdaq Composite Index sliding to its lowest since April

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Mondelez plans price rises next year to cope with rising freight costs

Mondelez's move comes after rival Hershey Co last week said it would raise prices to ease pressures on margins

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Cisco's John Chambers invests in Lucideus; eyes IoT space in India

According to sources, Chambers has led the $5-million funding round via his investment firm JC2 Ventures

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Divis Laboratories to spend Rs 15 billion on expansion by next year

The company said it would be investing Rs 6 billion each on its Unit-2 at the Vizag SEZ in Andhra and Unit-1 of its Nalgonda SEZ in Telangana

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Sistema Asia Fund in process of expanding first fund to $120 million

Of the top-up, up to $40 million will be invested by Sistema, while the rest will be raised from external investors, including limited partners and high net worth individuals

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SpiceJet operates India's first robotic truck to tow aircraft at IGIA

The vehicle tows aircraft from jet bridge to close to the take-off point

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BPCL reports sharp decline in Q2 profit, slips 48% to Rs 12.19 bn

The company had earned a net profit of Rs 23.5740 billion in the same quarter a year ago

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GTPL Hathway bags Rs 12.45 bn project to connect gram panchayats in Gujarat

GTPL Hathway and Polycab Wires Private Limited, India's largest wire and cable company, are the consortium partners

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HDFC Mutual Fund Q2 profit up 15% to Rs 2 bn, AUM up 9% to Rs 2.92 trn

AUM of the fund house rose by 9 per cent to Rs 2.92 trillion compared to Rs 2.68 trillion as on September 30, 2017

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HDFC Mutual Fund wins equity mandate of $450 million from unnamed FPI

The management declined to comment on the name of the FPI or the terms and conditions of the mandate

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In a first, SpiceJet starts using TaxiBot for taxiing aircraft to runway

It would help in saving fuel, reducing CO2 emissions as well as noise levels, according to officials

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Vedanta moves Delhi HC against Centre's notice to OMCs on oil sale proceeds

The judge asked the Centre to deposit in court $10.72 million, the upcoming payments due to Vedanta from OMCs between October 30 and November 1

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Indian Oil arm Chennai Petroleum's net profit down 92% to Rs 236.1 mn

Total income up 44% to Rs 1.51 bn

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Indonesia tragedy: DGCA seeks details from Boeing, FAA on Lion Air crash

Jet Airways, SpiceJet operates the Boeing 737 MAX 8

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ShopClues narrows losses to Rs 2.08 bn in Q2, revenue up by 50%

During the fiscal, the online marketplace spent Rs 1.11 billion towards employee benefits as compared to Rs 1.208 billion in the previous fiscal

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Need one-month extension for approval of second quarter results: IFCI

IFCI said the company is required to comply with the Indian Accounting Standards (Ind-AS) in preparation of the financial statements with effect from April 1, 2018

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DoT to challenge TDSAT order letting RCom spectrum sale sans bank guarantee

RCom in August completed the sale of its fibre assets and related infrastructure assets, worth Rs 30 billion, to Reliance Jio

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Divis Labs earmarks Rs 15 bn for capex as greefield Kakinada project stalls

BS ReporterHyderabad, 29 October: Active pharmaceutical ingredients(APIs) and drug intermediates maker Divis Laboratories Limited is creating additional capacities by spending as much as Rs 15 billion at its existing facilities in the next 15 months to more than make up for the delayed green-field project plans in Kakinada.The company said it would be investing Rs 6 billion each at its Unit-2 of Vizag SEZ in Andhra Pradesh and Unit-1 of its Nalgonda SEZ in Telangana to build additional capacities besides spending another Rs 3 billion for debottlenecking of the Unit-2 in Vizag. The work of the ongoing capacity expansion is expected to be completed by the end of calendar year 2019.The company currently operates four multi-purpose manufacturing facilities out of these two sites. The management said the brown-field expansion was taken up in order to cater to the increasing opportunities in generic and big pharma business. The company is engaged in the manufacturing of key ingredients ...

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Tata Power Q2 net profit jumps 85% due to strong show by renewables

Tata Power said its board has also approved plan to raise up to Rs 55 billion through issuance of NCDs on a private placement basis

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Sundram Fasteners Q2 profit up 22% to Rs 1.10 bn, revenue crosses Rs 10 bn

The company has crossed the milestone of posting quarterly revenue from operations of Rs 10 billion for the first time

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Job hunting? Try Amazon, Flipkart; they're hiring 120,000 ahead of Diwali

The festive sale not only brings in discounts and deals for customers but is also an annual showdown of sorts between the two largest players - Amazon and Flipkart

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Tech Mahindra, Rakuten Mobile partner to set up 5G, 4G labs in India, Japan

The announcement comes on the sidelines of Prime Minister Narendra Modi's visit to Japan to further strengthen Indo-Japan business ties

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SC gives CERC 8 weeks to decide on revised tariffs for 3 Gujarat power cos

The Tata Power, Adani Power and Essar Power plants had bid for a fixed tariff to win the projects, but those tariffs turned unviable after Indonesia changed its coal pricing regulations

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Closure of Jamnagar unit: Digjam may sell surplus assets to raise resources

Production at the company's Jamnagar mill has been suspended since October 21, mainly due to a liquidity squeeze and working capital position

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Colgate-Palmolive Q2 profit jumps 10% to Rs 1.96 bn; net sales up 7%

Total expenses were at Rs 8.78 bn as against Rs 8.23 bn in the year-ago period, up 6.69%

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Union Bank Q2 profit jumps to Rs 1.39 bn, beats analysts estimates

Analysts on an average had expected a loss of Rs 937 million, according to Refinitiv data

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Robotic arm may help to rehabilitate chronic stroke victims

New research finds that robotic arm rehabilitation in chronic stroke patients with aphasia, the loss of ability to understand or express speech, may promote speech and language function recovery.

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Exercise may lessen fall risk for older adults with Alzheimer's

A research team decided to explore whether exercise could reduce the risk of falling among community-dwelling people with Alzheimer's Disease who also had neuropsychiatric symptoms.

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New drug candidates reverse drug resistance in multiple myeloma in preclinical models

A new strategy to enhance the activity of proteasome inhibitors (PIs), which are standard-of-care agents in the treatment of multiple myeloma (MM), was recently reported. The study introduces a new drug candidate that overcomes PI resistance in cultured cells and extends survival in mouse models of MM.

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Psychologists devise free test for measuring intelligence

Raven's Advanced Progressive Matrices is a widely used standardized test to measure reasoning ability. One drawback, however, is that the test takes 40 to 60 minutes to complete. Another is that the test kit and answer sheets can cost hundreds of dollars. Psychologists have now developed a highly comparable free test that takes 10 minutes to complete. The user-friendly test measures abstract problem-solving ability and works on tablets and other mobile devices.

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Cephalopods could become an important food source in the global community

With a growing world population and climate challenges that are causing agricultural areas to shrink, many are wondering where sustainable food will come from in the future. A professor of gastrophysics and a chef offer a suggestion in a new research article: The cephalopod population (including squid, octopus and cuttlefish) in the oceans is growing and growing -- let's get better at cooking them so that many more people will want to eat them!

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Casino lights and sounds encourage risky decision-making

The blinking lights and exciting jingles in casinos may encourage risky decision-making and potentially promote problem gambling behavior, suggests new research.

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Why people have lateral preferences when kissing and hugging

Typically, a person will initiate a hug with the right hand. Similar preferences are also present in other forms of social touch. The question of right resp. left-handedness plays a role in the process. However, it is not the only relevant aspect.

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Evidence mounts that an eye scan may detect early Alzheimer's disease

Results from two studies show that a new, non-invasive imaging device can see signs of Alzheimer's disease in a matter of seconds. The researchers show that the small blood vessels in the retina at the back of the eye are altered in patients with Alzheimer's.

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Virus production boosted in cells to generate more vectors for gene transfer

Researchers increased the production of lentiviral vectors by host cells by co-expressing the proteins SPSB1 or Tax. Mechanistically, this was shown to have a range of effects, including increased activity of the HIV-1 and cytomegalovirus promoters, the latter being used for many lentiviral constructs. This approach enables greater ability to generate sufficiently large quantities of viruses for use as vectors for transferring genes into a variety of cells, which has to date been expensive and laborious.

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Imaging collaboration sheds new light on cancer growth

Researchers have uncovered new insights into how the normal controls on cell growth are lost in cancer cells, leading to rapid tumor expansion.

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Drugs' side effects in lungs 'more widespread than thought'

A systematic review of research has revealed that the toxic effects on the lung of drugs commonly taken to treat a range of common conditions is much more widespread than thought.

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Consequences-focused cognitive training may promote healthier habits

Interventions aimed at reducing unhealthy behaviors often focus on retraining people's mental associations, but a series of studies suggests that showing people the consequences of the behaviors may be more effective.

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Smell and behavior: The scents of taking action

Scientists have discovered a neural pathway that links olfaction to locomotion.

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Obese mice lose a third of their fat using a natural protein

To the great surprise of cancer researchers, a protein they investigated for its possible role in cancer turned out to be a powerful regulator of metabolism.

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Experimental vaccine may reduce post-stroke blood clot risk

An experimental vaccine might one day protect ischemic stroke survivors from developing blood clots and subsequent strokes. The vaccine was found to be as safe and effective as one of the most widely used oral blood thinners currently used to reduce clotting risk.

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Peer support can help curb acute care for persons with depression and diabetes

A new study describes the impact of a peer coach intervention on hospitalizations and emergency room visits for individuals with diabetes and depression.

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The statue of unity: Can it become the new magnet of tourism for India?

History shows that once-in-a-lifetime structures like the Statue of Unity create opportunities around them, especially in tourism, that create a positive return on investment in just a few decades

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Jaitley to chair FSDC meeting today even as RBI, govt lock horns in public

The latest meeting comes amid concerns about the role of the 'super-regulator'

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Jaitley to chair FSDC meeting today even as RBI, govt lock horns in public

The latest meeting comes amid concerns about the role of the 'super-regulator'

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Brent crude prices dip on rising supply, global market woes

SINGAPORE (Reuters) - Brent oil prices dipped on Tuesday, weighed down by ongoing weakness in global stock markets and by signs of rising global supply despite looming sanctions on Iran's crude exports.

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Select stocks excluded from ASM list surge; Kiri Ind, Bombay Dyeing up 10%

Jindal Worldwide, Emami Infra, Dhampur Sugar, Bombay Dyeing & Manufacturing, TVS Electronics and Manpasand Beverages have locked in their respective upper limit of circuit filter.

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Lanka crisis shows that democracies won't swing into India or China camps

Sri Lanka has barely emerged from a decades-long civil war; it is not ready to become another front in an India-China cold war for control of the Indian Ocean

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Sensex in Jekyll and Hyde mode as investors weigh outcomes of state polls

The S&P BSE Sensex swung between gains and losses to fall 0.2 per cent to 34,014.17 as of 9:44 a.m. in Mumbai

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Sensex in Jekyll and Hyde mode as investors weigh outcomes of state polls

The S&P BSE Sensex swung between gains and losses to fall 0.2 per cent to 34,014.17 as of 9:44 a.m. in Mumbai

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Udta India: From Bengaluru to Amsterdam and Chandigarh to Bangkok

A Business Standard analysis of flying patterns reveals that there is a massive boom of Indians flying out from some cities and going to some others

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RBI rift: Govt unhappy with Reserve Bank for making differences public

Governments that do not respect central bank independence will sooner or later incur the wrath of financial markets, Acharya said

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Sugar stocks gain as ISMA lowers production estimate for 2018-19 season

Dhampur Sugar, Balrampur Chini, Dalmia Bharat Sugar, Uttam Sugar, Triveni Engineering & Industries, Dwarikesh Sugar and Thiru Arooran were up 3% to 10% on the BSE.

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Lenders to take 56% haircut in the dirty dozen companies under IBC process

Banks to get back around Rs 1,146 bn against Rs 2,564 bn debt

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Amazon's Bezos breaks Zuckerberg's record, loses $19.2 bn over 2 days

Technology stocks led Monday's declines, with the Nasdaq Composite Index sliding to its lowest since April

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MARKETS LIVE:Indices turn flat, Nifty tests 10,250; PSU banks rally

catch all the live market action here

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MARKETS LIVE:Indices turn flat, Nifty tests 10,250; PSU banks rally

catch all the live market action here

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Better roads, less corruption: Why electing a woman MLA makes more sense

While the study found about 10% of women legislators had pending charges, this was about 32% for men

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Vistara bets on upmarket strategy with high fares, superior service policy

Vistara says its strategy is starting to bear some fruit

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CAD, rupee woes: India increases size of currency swap with Japan to $75 bn

Technically called the bilateral currency-swap agreement, this facility will enable India to save up to $75 billion on tap when the need arises

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BPCL reports sharp decline in Q2 profit, slips 48% to Rs 12.19 bn

The company had earned a net profit of Rs 23.5740 billion in the same quarter a year ago

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GTPL Hathway bags Rs 12.45 bn project to connect gram panchayats in Gujarat

GTPL Hathway and Polycab Wires Private Limited, India's largest wire and cable company, are the consortium partners

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Govt mulls duty hike on aluminium after industry raises alarm over dumping

The industry has also urged the government to consider imposing minimum import price and some kind of quota on the imports for the user industry

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Gadkari to lay foundation of Rs 18 bn dry dock at Cochin Shipyard on Tue

The commercial ship building industry in India is worth Rs 32 billion and focuses primarily on small-medium sized offshore vessels and cargo/bulk carriers

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HDFC Mutual Fund wins equity mandate of $450 million from unnamed FPI

The management declined to comment on the name of the FPI or the terms and conditions of the mandate

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Scientists develop 'green' crackers, but you won't have them this Diwali

These crackers will not only be 'green', they would also reduce noise pollution. Next, CSIR scientists plan to develop e-crackers

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15 more cities will soon have over 660-km of metro tracks: H S Puri

The state governments and union territories have been advised to prepare and submit the Detailed Project Report (DPR) in line with the provisions in the Metro Rail Policy 2017

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There's Plastic in Your Poop: Study Warns Microplastics May Be Hurting Us All

In a first, SpiceJet starts using TaxiBot for taxiing aircraft to runway

It would help in saving fuel, reducing CO2 emissions as well as noise levels, according to officials

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Impact of a falling rupee: Rs 280-bn solar projects face viability risk

These Rs 280 billion worth of solar power capacities include 5,500 MW of projects bid out in the past nine months at very low tariffs of Rs 2.75 per unit or less

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Vedanta moves Delhi HC against Centre's notice to OMCs on oil sale proceeds

The judge asked the Centre to deposit in court $10.72 million, the upcoming payments due to Vedanta from OMCs between October 30 and November 1

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Indian Oil arm Chennai Petroleum's net profit down 92% to Rs 236.1 mn

Total income up 44% to Rs 1.51 bn

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Ram Janmabhoomi: Bring new law or pack your bags, Parivar tells Modi govt

Hardline stance comes after Supreme Court postones daily hearings till Jan, leaving little room for manouver by Centre

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OnePlus 6T has minor, yet interesting upgrades over predecessor: Know more

Apart from new format screen and in-display fingerprint sensor, the OnePlus 6T gets an improved operating system and host of new software-based features that makes it an interesting upgrade

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China's OnePlus, backed by Qualcomm and T-Mobile, launches smartphone in US

The phone to be unveiled Monday, called the 6T, will sell for a price above $500 but packs features that are typically present only in pricier handsets

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Xiaomi most preferred brand in Rs 10,000-Rs 15,000 segment in India: Survey

While Xiaomi remains the most preferred brand, Samsung is the second-most preferred brand

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OnePlus 6T with in-display fingerprint goes official: Know price, specs

The OnePlus 6T will launch in India on October 30 and go on sale from November 2 at select offline stores, besides online sale exclusively on Amazon India

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iBall Frame review: Captivating wall hanging speaker that looks like canvas

Overall, the iBall Frame looks snazzy and adds to the overall appeal of your home interiors. It has good output and the bundled remote makes it easy to use

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Satisfied with your smartphone? 81% Indians say their devices lack features

As per the study 21 per cent users said waterproofing is the most desired feature in smartphones

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Robotic arm may help to rehabilitate chronic stroke victims

New research finds that robotic arm rehabilitation in chronic stroke patients with aphasia, the loss of ability to understand or express speech, may promote speech and language function recovery.

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Rare blue asteroid reveals itself during fly-by

Blue asteroids are rare, and blue comets are almost unheard of. An international team investigated (3200) Phaethon, a bizarre asteroid that sometimes behaves like a comet, and found it even more enigmatic than previously thought.

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Scientists refine the search for dark matter

Researchers have developed a more effective technique in the search for clues about dark matter in the universe. They can now analyze much larger amounts of the data generated at CERN.

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A solar cell that does double duty for renewable energy

Researchers have developed an artificial photosynthesis device called a ''hybrid photoelectrochemical and voltaic (HPEV) cell'' that turns sunlight and water into two types of energy - hydrogen fuel and electricity.

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Coal power plant regulations neglect a crucial pollutant

Researchers determine that particle-forming sulfur dioxide is the most damaging pollutant from Texas' coal-fired power plants that lack equipment to scrub emissions.

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Astronomers witness slow death of nearby galaxy

Astronomers have witnessed, in the finest detail ever, the slow death of a neighboring dwarf galaxy, which is gradually losing its power to form stars.

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Synchronized telescope dance puts limits on mysterious flashes in the sky

Two outback radio telescopes synchronized to observe the same point of sky have discovered more about one of the Universe's most mysterious events. The telescopes were searching the sky for fast radio bursts, which are exceptionally bright flashes of energy coming from deep space.

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Breakthrough in process to produce hydrogen fuel

Researchers have cracked the chemical mechanism that will enable development of a new and more efficient photo-chemical process to produce hydrogen fuel from water, according to a new article.

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How hibernators could help humans treat illness, conserve energy and get to Mars

Researchers are evaluating the potential for hibernation and the related process, torpor, to aid human health in spaceflight.

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New driverless car technology could make traffic lights and speeding tickets obsolete

New driverless car technologies could lead to a world without traffic lights and speeding tickets. Researchers also hope the innovations will bring about the development of driverless cars that use 19 to 22 percent less fuel.

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Humans help robots learn tasks

With a smartphone and a browser, people worldwide will be able to interact with a robot to speed the process of teaching robots how to do basic tasks.

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New composite material that can cool itself down under extreme temperatures

A cutting-edge material, inspired by nature, that can regulate its own temperature and could equally be used to treat burns and help space capsules withstand atmospheric forces is under development.

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Low cost, energy-saving radiative cooling system ready for real-world applications

Engineers have successfully scaled up an innovative water-cooling system capable of providing continuous day-and-night radiative cooling for structures. The advance could increase the efficiency of power generation plants in summer and lead to more efficient, environmentally-friendly temperature control for homes, businesses, utilities and industries.

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Getting the most out of atmospheric data analysis

An international team has used a new approach to analyze an atmospheric data set spanning 18 years for the investigation of new-particle formation. They found that their method -- based on mutual information -- supported the major findings of previous work, whilst being more accurate and easier to carry out. The method is expected to provide a useful tool for analyzing other variables that influence atmospheric processes.

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New species of ‘missing link’ between dinosaurs and birds identified

Researchers have identified a new species of Archaeopteryx that is closer to modern birds in evolutionary terms.

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A single genetic switch changes butterfly wing color

New research shows how just one gene controls whether a certain species of butterfly has white or yellow spots on its wings.

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Just a few drinks can change how memories are formed

Researchers have found that alcohol hijacks a conserved memory pathway in the brain and changes which versions of genes are made, forming the cravings that fuel addiction.

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How the brain decides what to learn

Neuroscientists know a lot about how our brains learn new things, but not much about how they choose what to focus on while they learn. Now, researchers have traced that ability to an unexpected place.

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Mind’s quality control center found in long-ignored brain area

The cerebellum, once thought to be limited to controlling movement, is involved in every aspect of higher brain function, according to a new study.

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Artificial fly brain can tell who's who

Researchers have built a neural network that mimics the fruit fly's visual system and can distinguish and re-identify flies. This provides evidence that the humble fruit fly's vision is clearer than previously thought.

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How sleeping mammary stem cells are awakened in puberty

Scientists have discovered how the growth of milk-producing mammary glands is triggered during puberty. Sleeping stem cells in the mammary gland are awoken by a protein dubbed FoxP1, according to the research.

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Tracing the evolutionary origins of fish to shallow ocean waters

Coral reefs are envisioned as the seats of great biodiversity, but they may not be where all that diversity got its start. Paleobiologists reveal that the earliest fish may have diversified in shallower waters near shore.

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'Gut-on-a-chip' system shows intestinal barrier disruption is the onset initiator of gut inflammation

The first study investigating the mechanism of how a disease develops using human organ-on-a-chip technology has been successfully completed by engineers.

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Spinning the light: The world's smallest optical gyroscope

A new tiny optical gyroscope fits on the tip of your finger and could find its way into drones and spacecraft in the future.

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Genome-wide study confirms six tiger subspecies

Fewer than 4,000 free-ranging tigers remain in the wild. Efforts to protect these remaining tigers have also been stymied by uncertainty about whether they represent six, five or only two subspecies. Now, researchers who've analyzed the complete genomes of 32 representative tiger specimens confirm that tigers indeed fall into six genetically distinct groups.

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The ghost of Cassiopeia

About 550 light-years away in the constellation of Cassiopeia lies IC 63, a stunning and slightly eerie nebula. Also known as the ghost of Cassiopeia, IC 63 is being shaped by radiation from a nearby unpredictably variable star, Gamma Cassiopeiae, which is slowly eroding away the ghostly cloud of dust and gas. This celestial ghost makes the perfect backdrop for the upcoming feast of All Hallow's Eve -- better known as Halloween.

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Oldest weapons ever discovered in North America pre-date Clovis

Researchers have discovered what are believed to be the oldest weapons ever found in North America: ancient spear points that are 15,500 years old. The findings raise new questions about the settlement of early peoples on the continent.

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New CRISPR tool opens up more of the genome for editing

Researchers have discovered a Cas9 enzyme that can target almost half of the locations on the genome, significantly widening its potential use.

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How should autonomous vehicles be programmed?

A massive new survey reveals some distinct global preferences concerning the ethics of autonomous vehicles, as well as some regional variations in those preferences.

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A first 'snapshot' of the complete spectrum of neutrinos emitted by the sun

About 99 percent of the sun's energy emitted as neutrinos is produced through nuclear reaction sequences initiated by proton-proton (pp) fusion in which hydrogen is converted into helium, say scientists.

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Crater from asteroid that killed the dinosaurs reveals how broken rocks can flow like liquid

The same process that allows rock to flow like liquid during impact events allows 'peak rings' to form in large craters.

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Importance of infant diet in establishing a healthy gut

A child has until the age of two-and-a-half to establish healthy gut bacteria -- with little change after this point, new research has revealed.

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Cacao analysis dates the dawn of domesticated chocolate trees to 3,600 years ago

Researchers analyzing the genomes of cultivated cacao trees have traced their origin to a 'single domestication event' some 3,600 years ago. The discovery opens a new front in a long-running argument over when and where humans started growing the source of chocolate.

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Air pollution and noise increase risk for heart attacks

Air pollution and transportation noise are both associated with an increased risk of heart attacks. Studies on air pollution, which do not take into account traffic noise, tend to overestimate the long-term effect of air pollution on heart attacks.

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New Caledonian crows can create compound tools

The birds are able to combine individual parts to form a long-distance reaching aid.

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More goals in quantum soccer

Physicists have presented a method that may be suitable for the production of so-called quantum repeaters. These should improve the transmission of quantum information over long distances. The researchers used an effect with which light particles can be shot in a much more targeted manner.

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Astronomers spot signs of supermassive black hole mergers

New research has found evidence for a large number of double supermassive black holes, likely precursors of gigantic black hole merging events. This confirms the current understanding of cosmological evolution -- that galaxies and their associated black holes merge over time, forming bigger and bigger galaxies and black holes.

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Birds startled by moving sticks

Do animals -- like humans -- divide the world into things that move and things that don't? Are they surprised if an apparently inanimate object jumps to life? Yes -- according to scientists.

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Chimpanzees sniff out strangers and family members

Primates, including humans, are usually thought of as visual animals with reduced reliance on the sense of smell. In behavioral experiments, biologists have now found that chimpanzees use olfaction as a prime mode of investigation, and that they recognize group members and kin using olfactory cues.

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New insight into why galaxies stop forming stars

Galaxy clusters are rare regions of the universe consisting of hundreds of galaxies containing trillions of stars. It has long been known that when a galaxy falls into a cluster, star formation is fairly rapidly shut off in a process known as 'quenching.' A new study has made the best measurement yet of the quenching timescale, measuring how it varies across 70 percent of the history of the universe.

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First demonstration of 'random, transistor' laser which can be manipulated at nanoscale

Lasers are poised to take another step forward. Researchers have been able to control the direction of a laser's output beam by applying external voltage.

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How to mass produce cell-sized robots

Researchers have discovered a way to mass produce tiny, cell-sized robots that could be used for industrial or biomedical monitoring.

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Ultra-close stars discovered inside a planetary nebula

Astronomers have discovered two stars in a binary pair that complete an orbit around each other in a little over three hours, residing in the planetary nebula M3-1. Remarkably, the stars could drive a nova explosion, an entirely unexpected event based on our current understanding of binary star evolution.

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What our extremist politics owes to Batman and Captain America

For those who agree to take it, the journey in The Sky Is Falling isn't as propulsive or as fun as in Biskind's other books

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How a bank credit shortage has hijacked Indian real estate's growth story

Some Rs 4.64 trillion ($63 billion) of residential projects are in limbo, according to Anarock

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Investors can either get overwhelmed and panic or hunt for opportunities

The marketmen latched on to the narrative that India did not prosper due to the misdeeds of the past government, but going ahead we should get back on track with the proposed reforms

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IBC accounts for $14.3 bn worth of distressed assets in M&A space: Kroll

Steel sector has led the space with almost 55% of the total value of distressed asset deals

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India's first inland waterways shipment to start with PepsiCo on Tuesday

The project would enable commercial navigation of vessels with capacity of 1500-2,000 DWT

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Assembly polls: BJP promises to waive agriculture loans if voted in Odisha

the Union minister said that unemployment is growing every year and youths in the state are going out of the state for jobs

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RBI Governor Urjit Patel to brief House panel on note ban on Nov 12

The RBI governor will also brief the committee on the banning of the Unregulated Deposit Schemes Bill and related issues

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Banking on IBC, govt expects NPA recoveries to exceed Rs 1.80 trn in FY19

Banks recovered Rs 365.51 billion in the first quarter of 2018-19

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NSG urges MHA's help, as military operations remain headless for 6 months

Sources said the non-availability of suitable officers from the Army has been the primary reason that the post is vacant

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Projects worth Rs 1 trn, creating million jobs to be launched in Dec: Yogi

CM says investment over Rs 750 billion in various projects had also flowed into UP during his one-and-a-half year regime

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UIDAI allows banks to use Aadhaar eKYC to authenticate DBT users

The UIDAI wrote to banks after it received legal opinion on the matter, in the wake of a recent Supreme Court verdict

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India must act decisively, punitively to protect its interests: Jaishankar

Former foreign secretary S Jaishankar said traditional concepts were no longer effective in guiding policymaking

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India, US have exchanged offers for possible trade deal, says Suresh Prabhu

The US is demanding greater market access for its agriculture goods, manufacturing products and medical devices

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Rlys plans plane-like pressurised coaches for world's highest track in Leh

At a height of 5,360 metres above the sea level, the 465-km strategically significant line to be built at a cost of Rs 833.6 bn will see railways' first pressurised coaches

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FinMin starts budget 2019 preparation, seeks input from central ministries

Finance Minister Jaitley is scheduled to present his 6th consecutive Budget with 2019 being Vote-on-Account

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GST Council met 30 times, took 918 decisions in 2 yrs: FinMin report card

The GST Council has held discussions in a 'harmonious and collaborative spirit' in the 30 meetings that have taken place so far, FinMin said in a statement

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How to make taxpayers comply with GST laws? CBIC now has a solution

The first meeting of the 'Nudge Team' will be called soon by the Principal Director General GST to decide on the strategy to adopt the new approach at the field level

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Govt plans global ETF to tap investment from large overseas pension funds

Govt was planning to list Bharat-22 ETF in the overseas market but decided not to go ahead with it as investors expressed apprehensions over the cost associated with hedging and currency conversion

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How no-cost EMIs are dramatically changing e-commerce landscape

Nearly 20% of gross merchandise value is being financed by various credit card companies, banks and e-wallets

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Govt-RBI consultation way forward, says Jaitley after Viral Acharya speech

The latest flashpoint between the finance ministry and the RBI occurred on the back of a liquidity crisis in NBFCs

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Paytm owner One97 Communications' FY18 loss widens 69% to Rs 14.9 bn

One97 Communications' revenues from operations grew manifold to Rs 29.87 bn in FY18 as against Rs 6.25 bn in FY17

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Flipkart's FY18 losses narrow 29% to Rs 11.6 bn, revenues grow 48%

Flipkart is locked in an intense battle with US-based e-tailing giant Amazon in India

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India Cements to buy Springway Mining for Rs 1.82 bn to set up a MP plant

Springway Mining is involved mainly in mining and quarrying business while India Cements is a leading cement manufacturer in the country

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Indian pharma to hit double-digit growth on US sales, weak rupee: CRISIL

As per Crisil, green shoots are already visible in the first quarter for 20 of these listed drug-makers

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Ruias to deleverage Rs 1.25 trn of their debt if Essar Steel offer accepted

Essar plans to legally challenge the decision as it believes its offer would ensure 100 per cent recovery for lenders while accepting ArcelorMittal's offer would entail a haircut

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Hyundai may bring smaller EV after assessing response to e-SUV Kona in 2019

South Korean auto major Hyundai could bring in a smaller electric SUV to India after assessing the response for its biggerKona electric SUV which it plans to introduce in the country next year, a top company official said. The company, which operates in the country through its wholly-owned subsidiary Hyundai Motor India Ltd (HMIL), would launch its first electric model Kona in the second half of the next year. "We are planning to unveil Kona electric SUV in the second half of next year on completely-knocked down basis (CKD). Our electric vehicle strategy is top to down," HMIL Managing Director & CEO YK Koo told PTI here. With Kona, the company is going to test the market for electric vehicles (EV) in India, he added. "It (Kona) is not going to be volume product for us. After then we can review which other EV product can suit the Indian market," Koo said. When asked if the second EV product could be a sedan or a SUV, Koo said:"We will review both sedan and SUV (body styles) but I .

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'Greaves Cotton eyeing future-ready tech, becoming diversified engg firm'

Firm seeks to develop battery-swapping, fast-charging technologies, is working on a five-year plan and to grow this business to Rs 1 billion

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JSW Steel to invest $150 mn in first tranche for greenfield Texas plant

The plant is expected to be completed by March 2020

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USFDA generic guidance to help local pharma formulators with ANDA approvals

The recent guidance from the US Food & Drug Administration (USFDA) on complex generics is expected to provide more clarity to US-focused Indian pharmaceutical formulators in preparing and submitting abbreviated new drug applications (ANDAs), says a report. This will help domestic pharma formulators with pending ANDA approvals to reduce review cycles and expedite approvals, says a weekend report by India Ratings. The current guidance dated October 9 is specific to complex transdermal and topical products. The agency in its mid-year FY19 pharma outlook had identified the lack of scientific and regulatory clarity about complex drugs as one of the key hurdles for approvals of complex products. Indian pharmaceutical formulators have indicated low double-digit pricing erosion for their base portfolio at end-FY18 and were exiting highly generic commercially unviable products and pruning R&D pipeline. The regulatory clarity will benefit formulators such as Lupin ...

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Pepsi focuses on digitisation to connect 10 mn retailers, 600 mn customers

Pepsi, which reported profit in 2017-18, after a gap of seven years, is bullish on the prospects in India

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Reliance Nippon AMC files draft papers for fourth tranche of CPSE ETF

Govt has already appointed ICICI Securities as the advisor for the fourth tranche of CPSE ETF

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Small risks may have big impact on breast cancer odds of childhood cancer survivors

Scientists found that the combined effect of common genetic variations can dramatically increase risk of breast cancer for female pediatric cancer survivors.

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How hibernators could help humans treat illness, conserve energy and get to Mars

Researchers are evaluating the potential for hibernation and the related process, torpor, to aid human health in spaceflight.

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Basant, Prashant Jhawar to vote in favour of Usha Martin sale to Tata Steel

Days after the Tata Steel deal, Basant and Prashant Jhawar had raised concerns about the utilisation of funds from the sale

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Bhima-Koregaon case: No extension to file chargesheet as SC stays HC order

Earlier,SC had refused to interfere with the arrest of 5 rights activists by Maha Police in connection with the Koregaon-Bhima violence and declined to appoint an SIT for a probe into their arrest

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How a bank credit shortage has hijacked Indian real estate's growth story

Some Rs 4.64 trillion ($63 billion) of residential projects are in limbo, according to Anarock

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NPA woes: Banks on top of situation, returning to profit; says SBI Chairman

Rajnish Kumar added that the Insolvency and Bankruptcy Code has come as a 'very good tool' in the hands of the banks and the financial creditors

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IndusInd Bank hits 17 month low; Bharat Financial touches 52-week low

IndusInd Bank slipped 5% to Rs 1,376, its lowest level since May 22, 2017, falling 32% from its record high level of Rs 2,038 touched on August 3, 2018.

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Chinese brands sold Rs 500 bn worth of smartphones in India in FY18: Report

As per Counterpoint Research's latest analysis on the important Indian smartphone market, the premium smartphone segment (>Rs. 30,000) shipments reached an all-time third quarter peak

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Investors can either get overwhelmed and panic or hunt for opportunities

The marketmen latched on to the narrative that India did not prosper due to the misdeeds of the past government, but going ahead we should get back on track with the proposed reforms

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via IFTTT

Investors can either get overwhelmed and panic or hunt for opportunities

The marketmen latched on to the narrative that India did not prosper due to the misdeeds of the past government, but going ahead we should get back on track with the proposed reforms

from Home Page https://ift.tt/2D9b0qR
via IFTTT

Dr Reddy's gains 6% post September quarter results

The stock gained 6.5% to Rs 2,559 after the company reported a good operational performance in September quarter, on account of lower R&D, higher other income, financial income, and lower tax.

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ICICI Bank surges 8% on better-than-expected Q2 results

Net interest income rose 12.4 per cent to Rs 64.18 billion in September 2018, compared with Rs 57.09 billion in the year-ago quarter.

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Divi's Labs surges 14% on strong Q2 results; stock hits record high

The stock surged 14% to Rs 1,433 on the BSE in early morning trade on Monday, after reported a healthy 92% Y-o-Y jumped in net profit at Rs 3.98 billion in September quarter.

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IBM's biggest acquisition: Strikes $34-bn deal to buy software firm Red Hat

The acquisition illustrates how older technology companies are turning to dealmaking to gain scale and fend off competition, especially in cloud computing

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IBC accounts for $14.3 bn worth of distressed assets in M&A space: Kroll

Steel sector has led the space with almost 55% of the total value of distressed asset deals

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Indonesia's Lion Air plane crashes near Jakarta, 188 on board feared dead

The aircraft was reported to be a Boeing 737 MAX 8, a model only in use since 2016

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Get over fingerprint, retina and face, your brain may soon be your password

Every person's brain responds differently to an external stimulus, so even if two people look at the same photograph, readings of their brain activity will be different

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MARKETS LIVE: Sensex up 250 pts, Nifty reclaims 10,100; pharma stocks gain

Catch all the live market action here

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MARKETS LIVE: Sensex up 250 pts, Nifty reclaims 10,100; pharma stocks gain

Catch all the live market action here

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Modi and rupee's fate in lockstep? $730-bn sovereign bond market is worried

ING Bank NV has lowered its year-end forecast for rupee to 76.50 -- the most bearish in a Bloomberg survey -- citing political uncertainty ahead of state elections in December

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Modi and rupee's fate in lockstep? $730-bn sovereign bond market is worried

ING Bank NV has lowered its year-end forecast for rupee to 76.50 -- the most bearish in a Bloomberg survey -- citing political uncertainty ahead of state elections in December

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Flipkart India unit's FY18 losses zoom 742% in spite of 39% rise in revenue

The loss during FY17 was nearly Rs 16.4 billion, with revenue of Rs 22.5 billion

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Flipkart India unit's FY18 losses zoom 742% in spite of 39% rise in revenue

The loss during FY17 was nearly Rs 16.4 billion, with revenue of Rs 22.5 billion

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Swiggy sees four-fold revenue jump in FY18 as losses double to Rs 3.9 bn

Swiggy had in June entered the elite Unicorn club after raising $210 million from a group of investors

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India's first inland waterways shipment to start with PepsiCo on Tuesday

The project would enable commercial navigation of vessels with capacity of 1500-2,000 DWT

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via IFTTT

RBI Governor Urjit Patel to brief House panel on note ban on Nov 12

The RBI governor will also brief the committee on the banning of the Unregulated Deposit Schemes Bill and related issues

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Cafe Coffee Day plans 50% ramp up in network, eyes 2,500 stores in 8 years

CCD to focus on 'affordability' and 'value-conscious customers'

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Banking on IBC, govt expects NPA recoveries to exceed Rs 1.80 trn in FY19

Banks recovered Rs 365.51 billion in the first quarter of 2018-19

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UIDAI allows banks to use Aadhaar eKYC to authenticate DBT users

The UIDAI wrote to banks after it received legal opinion on the matter, in the wake of a recent Supreme Court verdict

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via IFTTT

UIDAI allows banks to use Aadhaar eKYC to authenticate DBT users

The UIDAI wrote to banks after it received legal opinion on the matter, in the wake of a recent Supreme Court verdict

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via IFTTT

FinMin starts budget 2019 preparation, seeks input from central ministries

Finance Minister Jaitley is scheduled to present his 6th consecutive Budget with 2019 being Vote-on-Account

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via IFTTT

Govt plans global ETF to tap investment from large overseas pension funds

Govt was planning to list Bharat-22 ETF in the overseas market but decided not to go ahead with it as investors expressed apprehensions over the cost associated with hedging and currency conversion

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via IFTTT

iPad Pro, MacBook Air, new Mac Mini: Apple set to launch slew of devices

Apple hasn't updated the MacBook Air since 2015 but the company is likely to announce a new MacBook Air

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Self-driving cars: The AI-backed computer chauffeur is creeping closer

Systems that marry microprocessors, sensors and software to make fully driverless cars possible are in the advanced stages of development

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Get over fingerprint, retina and face, your brain may soon be your password

Every person's brain responds differently to an external stimulus, so even if two people look at the same photograph, readings of their brain activity will be different

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New web-based tool to help monitor fake news on Facebook, Twitter

Developed by researchers at the University of Michigan in the US, the tool uses a Platform Health Metric called the Iffy Quotient

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For those who agree to take it, the journey in The Sky Is Falling isn't as propulsive or as fun as in Biskind's other books

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Half of Indian teenage girls underweight, anaemic; 4 in 10 defecate in open

This concluding part looks at the status of health and access to sanitation, at a time when 63.2 million teenage Indian girls are set to be first-time voters in 2019

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Earth's dust cloud satellites confirmed

Astronomers and physicists may have confirmed two elusive clouds of dust, in semi-stable points just 400,000 kilometers from Earth. The clouds, first reported by and named for Polish astronomer Kazimierz Kordylewski in 1961, are exceptionally faint, so their existence is controversial.

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Five out of five? Study reveals psychological influences in online reviews

A new study reveals how psychological factors affect the ratings people provide and how they describe their experiences when posting online reviews. Researchers found the length of time between product or service consumption and posting affects the review given.

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Ecologists ask: Should we be more transparent with data?

Researchers highlight the importance of adapting to, providing, and using data sets that are open to and usable by the public and investigators in ecology and other field research.

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Govt-regulator consultation the way to go, says FM Arun Jaitley

The latest flashpoint between the finance ministry and the RBI occurred on the back of a liquidity crisis in NBFCs

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An evolving economy needs dynamic regulation, says Arun Jaitley

Speaking at an IDFC event here, he said governments increasingly get opportunities to interact with various stakeholders

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Oil prices are beyond govt's control, says Dharmendra Pradhan

The minister said that oil prices have started coming down due to some international developments

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Centre committed to interlinking of rivers to fulfill water needs: Gadkari

'We will take water by diverting Krishna river water to Penna river and from Penna to the Cauvery,' says Gadkari

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No success is great without people participation, says PM Modi

Our government has upheld human rights through laws and policies, says PM Modi

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Got rid of railway budget to remove political interference: Piyush Goyal

Railways will soon come out with a massive 20 gigawatt renewable energy procurement programme by "which we hope to have net zero carbon emissions from the railways in 10 years," he said

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Sugar exporters to meet on Monday to evolve strategies to boost exports

The government has already announced several incentives in the past few months to allow sugar mills get rid of surplus stocks

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In-house mechanism for petty consumer cases can reduce pendency: NCDRC

In total, 3,32,462 complaints are pending at district consumer courts, while 20,240 cases pending at the National commission as on September 25

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India Mobile Congress: Telecom gear makers to invest Rs 40 bn, says govt

The minister said major investment commitments have come from Ericsson, Samsung, Sterlite Tech, Cisco, Nokia and Intel

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Only 11% of residential inventories complete in top 3 cities: Report

The top three cities are Mumbai Metropolitan Region (MMR), National Capital Region and Bengaluru

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China has agreed to increase its imports from India, says Suresh Prabhu

India's trade deficit with China is its widest with any country, with large amounts of electronics and other items flowing across the border with its northern neighbour

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Income tax dept may seek first right on recovery of dues under IBC

At present, the recovery of tax dues is possible only after payment to financial creditors under IBC

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Dwindling forex pile may limit India's rupee defence, says BofAML

Eight months of import cover critical to rupee stability

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Ensure there are no defaults by NBFCs, Arun Jaitley tells top PSBs

According to sources, executives from SBI, PNB, BoB, and three more banks briefed the finance minister through video conferencing on the liquidity crisis in NBFCs

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All pending sugarcane dues in UP to be cleared by November end: Adityanath

CM says in 2018-19 season, the state began procuring maize and bajra from farmers in addition to wheat and rice, to be sold through ration shops soon

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GST likely to have three-slab rate structure in future: Bibek Debroy

He pointed out that countries had taken as long as 10 years for their GST systems to stabilise

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India's smartphone users likely to reach 650 million by 2022, says EY

India's digital economy is expected to grow to $1 trillion and lead to the creation of 10 million jobs by 2022

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Viral Acharya warns of market wrath, bats for more independence for RBI

Dy Governor says central bank must have more powers to supervise PSBs, keep its balance sheet strong and have adequate regulatory scope

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Govt asks telcos to stop using Aadhaar eKYC for new mobile connections

The apex court had last month in a landmark verdict restricted the use of Aadhaar by private entities in the absence of a legal provision

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Railways to rework flexi-fare scheme in about one-third of premier trains

The Railways would also give a discount of up to 15-20 per cent on booking the tickets which have the occupancy rate below 60%

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Jaitley meets top PSB heads to review cash position amid liquidity crunch

Heads of six large public sector banks have assured the government of adequate liquidity in the system even as sectoral concerns prevail

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China pips India to No 2 spot, has maximum students in US varsities: report

American universities had as many as 481,106 Chinese and 249,763 Indian students in 2017

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Govt allows sale of 25% actual output from coal mines in open market

Giving the break-up of blocks, the source said that of the 19 blocks, 13 mines would be auctioned in the sixth tranche for the regulated sectors

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India & Myanmar agree to ink pact for smooth movement of cargo and traffic

The agreement allows nationals from the two countries holding valid passport and visa to cross over without requiring special permission

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RBI to inject Rs 400 bn liquidity into system via open market operations

For the month of October, the central bank has already injected Rs 360 billion into the system through Open Market Operations (OMO)

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Nasscom says cryptocurrencies illegal, asks players to obey the law

Cryptocurrency players have reportedly raised concern over police action against them

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Rupee falls Rs 20 paise, closes at 73.47 against USD amid strong greenback

The dollar rose to a 10-week high Friday ahead of US GDP data

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Forex reserves down by $942 mn to $393.523 bn; gold reserves unchanged: RBI

The country's reserve position with the IMF also declined by $12.3 mn to $2.495 bn

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Ahead of US sanctions, India places November crude orders with Iran

Indian public sector companies have already placed orders with Iran for crude oil supply during November, a senior government official said here on Friday. "Our public sector companies have already placed orders for the month of November with Iran," said Sunjay Sudhir, joint secretary for international cooperation at the Ministry of Petroleum & Natural Gas. "Iran, historically, has been a key supplier of crude for India," he stressed after presenting investment opportunities in the Indian Strategic Petroleum Reserve programme Phase II (ISPR) to Singapore-based investors. "In India, we are guided by our consideration for energy security," Sudhir said. He also said Indian officials were in talks with the US on waivers relating to Washington's sanctions on dealing with Iran. Sixty-five per cent of India's crude supply comes from the Middle East from Iraq, Saudi Arabia and Iran. The other two main suppliers are Venezuela and Nigeria. Crude oil supply from the US has been choked due t

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With an arsenal of 1.5 mn e-rickshaws, India leaves China far behind

As many as 11,000 new e-rickshaws hit the streets every month, and annual sales are expected to increase about 9 percent by 2021

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Supertech plans to monetise 1 mn sq ft retail space in Noida for Rs 12 bn

This project will also have an 80-storey tower comprising 600 studio apartments and 250 flats and another tower having a 250-room hotel and 80 Armani branded residences

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Southeast Asia to have a brush with Colgate's herbal toothpastes

The Vedshakti brand, launched by Colgate in India, has now been taken to Thailand

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Capgemini gives fillip to automation adoption, drives training initiative

With India being the significant offshore base for employees, the company is driving the skilling initiative in the country on a large scale

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Crude impact: Integrated model may aid RIL growth, despite refining woes

For the September 2018 ended quarter, RIL reported a gross refining margin of $9.5 per barrel

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Food and beverages drive revenues for multiplexes; PVR posts 25% growth

Inox, PVR post highest growth in the category in nine quarters

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Massive Airbus delivery challenge gets tougher with Rolls-Royce delays

The European plane-maker is targeting deliveries of around 800 commercial aircraft this year, an 11 per cent jump from 2017

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Punj Lloyd Q2 net loss widens to Rs 14.65 bn on defaults in repayments

Total income from operations declined to Rs 7.66 billion in the second quarter, from Rs 10.86 billion earlier, Punj Lloyd said in a BSE filing

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RCCPL approves second phase expansion of cement plant at Kundanganj

The cement capacity of Kundanganj will increase to 3.20 MTPA after the expansion

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Air India to soon offer low-fare red-eye flights from Goa, Delhi, Bangalore

The Bangalore-Ahmedabad flight AI589 will take off from Bangalore at 0030 hours to reach Ahmedabad at 0235 hours

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Tea Board invites bids for detailed project report on proposed Odisha park

India also to be the largest consumer of tea globally

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Microsoft's Digital Crime Unit busy catching cyber thugs in India

Microsoft, that invests more than a billion dollars a year in security research, innovation and development, reached out to 126 organisations in India last year

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Apple India's net profit soars around 2.5 times to Rs 8.96 billion

India, however, still continues to be a relatively smaller market for the technology giant

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Samsung plans to conduct 5G field trials in India by Q1 of next year

DoT has approached companies for development of 5G applications and for conducting trails

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Cox & Kings sells education tour business in Europe for Rs 43 billion

The company has been downsizing its stake in Holidaybreak, which consists of education tours and Meininger hotels, over the past few years

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Nestle India Q3 net profit up 30% to Rs 4.46 bn; sales rises to Rs 29.39 bn

Performance during the quarter got a boost from successful new launches in recent quarters and regaining of market share by Maggi noodles

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Private firms must prevent misuse of customers' data, says Trai's RS Sharma

He said people accept terms and conditions of online platforms without reading, which puts their privacy at risk

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Adidas runs past rivals, manages to grow profit 53% to Rs 1.74 billion

Adidas has also parted ways with many local partners who were not aligned with the new plan

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ICAI issues suo motu notices to statutory auditors of Amrapali Group

The Supreme Court said Amrapali Group of companies has played a "big fraud" by diverting money collected from home buyers to other firms and the "big racket" behind this has to be unearthed

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SC says Amrapali CFO's 'memory intact' as he answers probing questions

Wadhwa had earlier chosen to remain silent when he was quizzed by forensic auditors appointed by the court, saying he has lost his memory

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SC asks Amrapali to furnish details of bank accounts of its 46 companies

Besides the details of the bank accounts of 46 companies, the court directed that all the computers and laptops having details of transactions since 2008 would be handed over to the forensic auditors

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Uber Eats inks pact with CCD to launch virtual restaurant network

While the food would be cooked at CCD kitchens, Uber Eats would provide the technology, backend and delivery logistics

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BBC senior strategist to join Facebook India to tap fake-news crisis

In a twitter post late Friday, Trushar Barot said he will 'lead and develop integrity initiatives for Facebook in India'

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