Ulan-Ude: Six-time world champion Mary Kom was knocked out of the Women's World Boxing Championships on Saturday after facing a defeat in the semi-finals of the tournament. As a result, she would now have to settle for a bronze medal.

Turkey's European champion Busenaz Cakiroglu defeated the 36-year-old 4-1 in the 51-kg category.

Baroda Asset Management India, a wholly-owned subsidiary of Bank of Baroda, on Friday announced its merger with BNP Paribas Asset Management India. Bank of Baroda and BNP Paribas Asset Management Asia have entered into binding agreements for the merger.

The transaction also includes merger of BNP Paribas Trustee India with Baroda Trustee India.

Infosys, the country’s second largest software services exporter, reported double-digit revenue growth for the fourth consecutive quarter on Friday, with revenues growing by 9.9% year-on-year in dollar terms and 11.4% in constant currency in the September quarter. Infy’s performance is in stark contrast to its larger peer Tata Consultancy Services (TCS), which reported weak numbers for the second consecutive quarter.

The Indian Railways has said it will launch 10 ‘Sewa Service' Trains on coming Tuesday to provide last-mile connectivity to people travelling from smaller towns.

The Ministry of Railways had recently approved 10 such trains under ‘Sewa service’ initiative for better connectivity between smaller towns and important cities.

The Reserve Bank of India’s (RBI’s) central board met on Friday in Chandigarh and discussed the current state of the financial sector, with special focus on the regulatory and supervisory architecture of commercial, co-operative banks and non-banking financial companies.

The meeting assumes importance after the Punjab and Maharashtra Cooperative (PMC) Bank scam and the general liquidity deficit in the NBFC sector. However, the banking system continues to be flushed in liquidity.

The UK government will issue a commemorative coin to mark the 150th birth anniversary of Mahatma Gandhi, British Finance Minister Sajid Javid said.

The Pakistani-origin minister said he had asked the UK's Royal Mint to work on the coin. Javid announced the plan on Thursday at the annual GG2 Leadership Awards event held here to celebrate the most influential members of UK’s South Asian community.

Conceding that GST may have some flaws in its present form, finance minister Nirmala Sitharaman on Friday asked tax professionals not to curse it and sought their help to make it better.

The minister was replying to the concerns raised by taxation industry professionals here, who said the industry was "cursing" the government over how the GST was implemented.

Shares of Cipla gained 5 per cent to Rs 442, thus bouncing back 13 per cent from its early morning low on the BSE on Friday as, according to analysts, the USFDA's inspection of Goa facility found no repeat or data integrity (DI) observations, so there is no chance of import alerts at the plant.

Paytm Payments Bank has announced a new fixed deposit scheme for its customers. India's largest payments bank is offering an interest of up to 7.5% on their fixed deposits (FDs) through Paytm Payments Bank's partner bank IndusInd Bank Ltd. The new fixed deposit scheme will be launched in early November.

NEW DELHI : The Civil Aviation Ministry has approved Alliance Air plan to launch foreign operations by starting flights to Sri Lanka even as the airline's parent Air India remains on top of the government's disinvestment agenda.

The move has triggered speculation among Air India employees that government may continue in airline business by not selling Alliance Air.

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