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Push for early BPCL stake salev

Push for early BPCL stake salev

The government wants to start the process of the strategic sale, or privatisation, of BPCL by the end of November and complete the exercise before the end of this fiscal. The PSU is likely to draw the attention of global giants such as Saudi Aramco and Abu Dhabi National Oil Company (Adnoc), who are keen to enter the world's fastest-growing fuel retail market.

Ford cedes control to Mahindra

Ford cedes control to Mahindra

Mahindra & Mahindra (M&M) on Tuesday has announced the acquisition of a majority stake in a wholly-owned arm of Ford Motor Co (FMC) that will take over the automotive business of the US auto major in India. The majority stake has been acquired as a going concern on a slump-sale basis for Rs 657 crore, an M&M release said.

Sunil Mittal likely to pump capital into CG Power, lead turnaround efforts

Sunil Mittal likely to pump capital into CG Power, lead turnaround efforts

Mumbai: Bharti Airtel promoter Sunil Mittal, who currently holds an 8% stake in CG Power and Industrial Solutions Ltd, is likely to infuse capital into the fraud hit company as he looks to lead efforts to turn around the company, said two people aware of the matter.

Mittal held 8.3% in the company through an entity Bharti (SBM) Holdings Pvt. Ltd, as of 30 June.

Railway will connect country from Kashmir to Kanyakumari before August 2022: Piyush Goyal

Railway will connect country from Kashmir to Kanyakumari before August 2022: Piyush Goyal

New Delhi: Railways Minister Piyush Goyal on Thursday said that Indian Railways will connect the country from Kashmir to Kanyakumari before August 15, 2022.

"Katra to Banihar section is being constructed quickly and work on Chenab bridge is underway. Soon Indian Railways will connect the country from Kashmir to Kanyakumari before August 15th, 2022.

Amazon Echo Show 5: A handy smart speaker with video

Amazon Echo Show 5: A handy smart speaker with video

Indian homes are steadily warming up to smart speakers. Walk into any modern household in a metro city and chances are you will get to hear the residents issuing voice commands such as “Alexa, play top Hindi songs,” “Alexa, turn on the lights,” or “Alexa, Wake me up at 6 am”. Thanks to Amazon’s Alexa-powered smart speakers, the Jeff Bezos-owned firm now has quite a formidable Echo family of devices—Echo Input, Echo Dot, Echo, Echo Spot, Echo Plus, and Echo Show.

Stock market echoes weak global cues: Sensex slips over 200 points, Nifty at 11,305

Stock market echoes weak global cues: Sensex slips over 200 points, Nifty at 11,305

Equity indices were in the negative territory during early hours on Thursday amid weak global cues.

At 11:10 am, the BSE S&P Sensex was down by over 200 points at 38,093 while the Nifty 50 slipped by 54.85 points to 11,305.05.

YES Bank recovers, surges 29% after 43% decline in one week

YES Bank recovers, surges 29% after 43% decline in one week

Shares of YES Bank surged 29 per cent to Rs 41.30 on the National Stock Exchange (NSE) in the early morning deals on Thursday after the bank assured investors of a stable financial position, and said that the entire pledged shares stand extinguished.

"The financial and operating metrics remain intrinsically sound and stable, with liquidity position well in excess of regulatory requirements... With the invocation of shares, the entire pledge stands extinguished and all sale under the same duly completed," the bank said in a statement.

Rupee slips 14 paise against US dollar at open amid rebound in oil prices

Rupee slips 14 paise against US dollar at open amid rebound in oil prices

The rupee on Thursday opened 15 paise lower at 71.22 against the US dollar amid rebound in crude oil prices and concerns over economic growth. The domestic unit on Tuesday dropped 20 paise to close at 71.07 as heavy selling in domestic equities, unabated foreign fund outflows kept investors edgy.

Microsoft unveils foldable Android phone, earbuds, ARM-based Surface laptop

Microsoft unveils foldable Android phone, earbuds, ARM-based Surface laptop

Microsoft's October 2019 Event saw the company unveiling a large range of new Surface devices.

Some other big announcements include Surface Laptop 3, Surface Pro 7, Surface Earbuds, Surface Neo, Surface Pro X and Surface Duo.

Centre gets four weeks from SC to respond to pleas related to Article 370

Centre gets four weeks from SC to respond to pleas related to Article 370

The Supreme Court on Monday granted four weeks' time to the Central government to file its reply on a batch of petitions challenging the abrogation of the special status accorded to Jammu and Kashmir and other allied issues pertaining to the region.

A five-judge constitution bench passed the order after Attorney General (AG) KK Venugopal, representing the government, sought more time in this regard. The top court has slated the matter for further hearing for November 14.

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