The Indian Government on August 5 created history by revoking Article 370 and 35A that grants special status to Jammu and Kashmir. The landmark decision that bifurcates the state into two separate union territories i.e. Jammu & Kashmir and Ladakh has not only brought a big cheer to the whole nation but has also opened a new gateway for the real estate market and investments in the country.

Facebook Inc. is taking the first major step in a plan to merge its systems and let users exchange messages among all its different mobile apps — and is chipping away at the independence of Instagram’s direct-messaging product in the process.

Engineers are working to rebuild Instagram’s chat feature using Facebook Messenger’s technology, according to people familiar with the matter.

IndiGo co-promoter Rakesh Gangwal has fired another salvo at board chairman M Damodaran, asking him not to move the goal posts on his demand for a re-look at the board structure. He warned that failure to amend articles of association (AoA) could invite scrutiny from the Securities and Exchange Board of India (Sebi).

Yes Bank on Thursday said the capital raising committee of the board has approved the floor price of Rs 87.90 per equity share for raising funds via qualified institutional placement (QIP). Shares of Yes Bank closed at Rs 89.15 on Thursday on the BSE.

Yes Bank also indicated that the committee at its discretion may offer a discount of not more than 5% on the floor price. A meeting of the committee has been slotted for August 16 to decide on the issue price for the equity shares, including a discount, if any.

The Sensex surged 636.86 points on Thursday after media reports suggested that there could be a rollback of tax proposals for foreign portfolio investors (FPIs).

Barring three companies, all Index members ended the session in green, with HCL Technologies, Tata Motors, Mahindra & Mahindra and Bajaj Auto gaining between 4% and 6.4%. Heavyweights – Reliance Industries and HDFC Bank – contributed 38% to the Sensex gain.

Top officials of Larsen and Toubro Ltd, HDFC Bank and Paytm have donated about Rs 15 crore to the Chief Ministers Relief Fund in Bihar.

A cheque of Rs 10 crore was presented to Chief Minister Nitish Kumar by the CEO and MD of Larsen and Toubro Shailesh Roy in presence of assembly Speaker Vijay Kumar Chaudhary on Thursday, a release said.

E-tickets bought through IRCTC will get more costly as the Indian Railways has decided to restore service fee charges, almost three years after they were withdrawn to promote digital payments, a pet project of the Narendra Modi-led BJP government.

The Railway Board has given its approval to the Indian Railway Catering and Tourism Corporation (IRCTC) to restore the mechanism of charging service charge from passengers booking online tickets.

With an aim to safeguard mutual fund investors from high-risk assets, regulator Sebi wants fund houses to shift all their investments to listed or to-be-listed equity and debt securities in a phased manner and reduce their exposure to unrated debt instruments from 25 per cent to only 5 per cent.

Heralding a new 5G era of mobile computing, Samsung has launched Galaxy Book S for $999 that harnesses the mobility and connectivity of a smartphone and the powerful productivity of a PC, thanks to Microsoft.

Developed in collaboration with Microsoft and Qualcomm, the 13.3-inch device offers Gigabit LTE connectivity, Windows 10 and Qualcomm Snapdragon 8cx compute platform.

India’a largest commercial vehicle and leading carmaker, Tata Motors Ltd (TML), has internally announced a block closure for three days starting today, 8 August, at its production plants in Pimpri (Pune) and Jamshedpur. Mint also learns that Tata Motors’ luxury car unit, Jaguar Land Rover (JLR), is also observing the block closure for three days starting today, in an attempt to cut down the volumes of locally assembled models.

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