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US approves missile sales to South Korea, Japan

US approves missile sales to South Korea, Japan

The United States said Friday it had approved more than USD 600 million in sales of air defense missiles to South Korea and Japan as tensions return with North Korea.

The State Department said it had approved 94 SM-2 missiles used by ships against air threats, along with 12 guidance systems for a total cost of USD 313.9 million.

Saudi to supply an extra 2 million barrels a month to Indian Oil Corp from July

Saudi to supply an extra 2 million barrels a month to Indian Oil Corp from July

New Delhi: Saudi Aramco will supply state-run Indian Oil Corporation Ltd (IOC) an extra 2 million barrels of crude a month from July to December, an IOC executive said on Friday, as New Delhi seeks to make up for a loss in supplies from Iran.

Baring Private Equity Asia acquires 30 pc stake in NIIT Technologies

Baring Private Equity Asia acquires 30 pc stake in NIIT Technologies

New Delhi: Baring Private Equity Asia (BPEA) has acquired 30.50 per cent stake in mid-sized software services firm NIIT Technologies Ltd for about Rs 2,627 crore, a regulatory filing said on Saturday.

Last month, funds affiliated with BPEA had signed definitive agreements to purchase 30.5 per cent stake in NIIT Technologies from NIIT Ltd and other promoter entities at Rs 1,394 per share.

Citing confidentiality, govt declines to share black money details received from Switzerland

Citing confidentiality, govt declines to share black money details received from Switzerland

The government has declined to share information on black money cases received from Switzerland, citing confidentiality.

Replying to an RTI query, the Finance Ministry said India and Switzerland share information on black money on a case to case basis as per the investigations being carried out.It is an ongoing process, it added.

World Cup: A test of Kohli's tactical acumen as series of challenges await

World Cup: A test of Kohli's tactical acumen as series of challenges await

His manic consistency has already put him among the pantheon of greats but the World Cup in England will be Virat Kohli's hour of reckoning in his bid to create a lasting legacy as India's captain.

The first Indian captain to win a Test series on Australian soil, Kohli will be leading a team which has its own share of worries but is not short of game-changers, a must in a big ticket tournament.

Cops file complaint against Amazon for ‘hurting sentiments’

Cops file complaint against Amazon for ‘hurting sentiments’

Noida: Noida Police on Friday registered a case against e-commerce giant Amazon for allegedly hurting "Hindu sentiments" after rugs and toilet seat covers with pictures of Hindu gods were available for sale on its US website.

An online campaign to "boycott Amazon" was initiated by several social media users Thursday over the issue, with an Amazon spokesperson saying all sellers must follow the company's selling guidelines and those who do not comply will be subject to action, including potential removal of their account.

Air India will add 2 flights on Dubai route from June 1

Air India will add 2 flights on Dubai route from June 1

New Delhi: Air India has announced to scale up its Delhi-Dubai and Mumbai-Dubai operations from June 1, a route that for the last few years was dominated by Jet Airways. Air India already has one flight each daily between Delhi-Dubai and Mumbai-Dubai and it will be adding two more flights daily taking it to a total of four flights now.

Bajaj Auto profit drops 9.2 per cent in Q4

Bajaj Auto profit drops 9.2 per cent in Q4

Bajaj Auto on Friday reported a 9.2% year-on-year (y-o-y) drop in adjusted consolidated net profit to Rs 1,066.49 crore for the three months to March. In a subdued demand environment, revenues rose 9% y-o-y to Rs 7,395.19 crore, driven by a volume growth of 14% y-o-y. While domestic motorcycle sales grew 23% y-o-y, exports rose 13% y-o-y, led by a 34% increase in commercial vehicle despatches.

Infosys to allocate up to 50 mn shares to incentivise staff

Infosys to allocate up to 50 mn shares to incentivise staff

India's second largest IT firm Infosys Thursday said it proposes to grant stock incentives worth Rs 10 crore to CEO Salil Parekh, as part of an new programme that aims to incentivise employees for performance.

The company's board has approved an 'Expanded Stock Ownership Program 2019' that intends to allocate five crore shares to a broad base of employees.

Despite RBI clarification, no takers for Rs 10 coin in Manipur

Despite RBI clarification, no takers for Rs 10 coin in Manipur

If you happen to board a bus or visit a grocery store in Manipur with Rs 10-denomination coins in wallet, chances are there that you might be shown the door. Despite regular clarifications by the Reserve Bank of India (RBI), people in Manipur, especially small traders, are reluctant to trade with Rs 10 coins.

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