Virgin Hyperloop One has proposed a plan that will help people to travel from Mumbai to Pune under 30 minutes. According to news reports, Virgin Hyperloop One will begin working on the project by December 2019. Virgin Hyperloop is an American transportation technology company that works to commercialise the high-speed technology concept called Hyperloop.

While Anil Ambani-promoted Reliance Infrastructure looks to almost double its existing order-book in the current financial year, not all is well with its existing orders. One of RInfra's contracts worth Rs 567 crore from NTPC has been re-tendered and awarded to another company this month.

Mumbai: Domestic equity benchmark BSE Sensex fell over 150 points in early trade on Tuesday tracking losses in IT stocks amid weak cues from other Asian markets.

The 30-share index was trading 124.41 points, or 0.32 per cent, lower at 38,998.55 at 0930 hours. Similarly, the broader NSE Nifty was quoting 35.25 points, or 0.30 per cent, down at 11,664.40.

Pune: Hyundai, India’s second biggest Korean car maker’s new attractive sub-compact SUV model Venue has bucked the trend of steep falling cars sales in Asia’s third biggest economy.

Thanks to competitive pricing and its best features, Hyundai Venue has crossed 34,000 bookings within a month of its launch in the fiercely competitive but slowing economy. Buyers have to make a down payment of Rs 25,000 for the booking.

Maruti Suzuki has snatched one more position from Hyundai Motors India in the list of top 10 models sold in May, bagging eight places. Till April, seven Maruti models featured in the SIAM’s ten best-selling passenger vehicles list, while Hyundai bagged the remaining.

Hyundai’s hatchback i10, which has been in the top 10 list for many years, did not feature in May’s list.

Microsoft and Apple have been arch rivals since their inception. Both the companies have tried to undercut each other but when Google chipped in the dynamics changed for good and for bad. It was good for the consumers who were introduced to Android as a far easier alternative for mobile phones but it was bad for Apple and Microsoft. The sentiment has now been shared by Microsoft co-founder Bill Gates, according to who, mismanaging his company was the “greatest mistake”.

The country's telecom subscriber base grew marginally to 1,183.77 million in April on account of net mobile customers gain by Reliance Jio and state-run telecom firm BSNL, according to the Telecom Regulatory Authority of India's (Trai) report released Monday.

India’s big three two-wheeler makers on Monday hit out at NITI Aayog’s plan to push for 100 per cent electric vehicle, saying such a transition is completely uncalled for and could jeopardise the industry.

Arguing that changing from conventional two-wheelers to 100 per cent electric is “not like Aadhaar, not a software and print cards”, the companies said concerns of all stakeholders must be taken into consideration instead of imposing adoption of EVs.

SBI Life Insurance shares dipped 5 per cent to Rs 675 in early morning trade on the BSE on Tuesday, as BNP Paribas Cardif's offer-for-sale (OFS) opened today. The floor price has been fixed at Rs 650 per share.

BNP Paribas Cardif, the foreign partner of SBI Life Insurance, will sell up to 25 million shares, representing 2.5 per cent stake in the insurance company, for at least Rs 1,625 crore through OFS mechanism. The two-day OFS today opened for non-retail investors and on Wednesday for retail investors.

The rupee on Tuesday opened three paise higher at 69.32 against the US dollar amid steady crude oil prices.

The domestic unit on Monday recovered the lost ground and finally settled 23 paise higher at 69.35 amid weakening of the greenback against major currencies.

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