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Trial run of payment service going on, final launch after due RBI compliance : WhatsApp to SC

Trial run of payment service going on, final launch after due RBI compliance : WhatsApp to SC

Instant messaging app WhatsApp Friday told the Supreme Court that it is conducting a trial run of its payment service and will comply with RBI norms on data localisation before launching the full service.The trial run is likely to be completed by July end this year, it said.

US think-tank demands hard decisions against 'terror-sponsor' Pakistan

US think-tank demands hard decisions against 'terror-sponsor' Pakistan

Pakistan continues to sponsor terror outfits that launched deadly attacks in India because Islamabad has "paid no price for its perfidy", a prominent think-tank expert has told American lawmakers.

“Pakistan continues to sponsor terrorist groups that launched deadly attacks in India.

China possibly more interested in a nuclear deal than trade: Trump

China possibly more interested in a nuclear deal than trade: Trump

China has expressed interest in joining a nuclear deal between US and Russia, President Donald Trump said Friday.

We're talking about a nuclear agreement where we make less and they make less," Trump told reporters after his telephonic conversation with the Russian President Vladimir Putin.

Cyclone Fani: IOC says arrangements in place for uninterrupted fuel supply in Odisha, West Bengal

Cyclone Fani: IOC says arrangements in place for uninterrupted fuel supply in Odisha, West Bengal

Indian Oil Corp (IOC), the country’s biggest fuel retailer, Friday said it has made arrangements to ensure uninterrupted supply of petrol, diesel, LPG and jet fuel in Odisha and West Bengal that faced a category-4 cyclone.

“In the wake of the cyclone Fani making landfall in Odisha earlier today (Friday), IOC is fully geared up and ensuring uninterrupted fuel supply from its locations in Odisha and West Bengal on the east coast,” the company said in a statement.

GMR Infra announces resolution for Rajahmundry gas power plant

GMR Infra announces resolution for Rajahmundry gas power plant

GMR Infrastructure Limited (GIL) announced execution of resolution plan for its stressed GMR Rajahmundry Energy Limited (GREL) – 768 MW gas-fired power plant in Andhra Pradesh. The company informed the exchanges on Friday morning that it has paid a portion of the sustainable debt of the project.

BHEL Commissions two units of Kaleshwaram Lift Irrigation Scheme in Telangana

BHEL Commissions two units of Kaleshwaram Lift Irrigation Scheme in Telangana

Bharat Heavy Electricals Limited (BHEL) has successfully commissioned the first two pumping units (116 MW each) of the 7x116 MW Kaleshwaram Lift Irrigation Scheme (LIS) Package-6 in Telangana. Significantly, the pump for each unit is designed to lift 89.16 cumecs (cubic metres per second) of water by 105.5 metres.

TRAI to ask Bharti Airtel to furnish details of segmented offers in ‘stipulated format’

TRAI to ask Bharti Airtel to furnish details of segmented offers in ‘stipulated format’

Regulator TRAI plans to ask telecom operator Bharti Airtel to cough up additional details on segmented or concessional offerings it made to customers and will insist that information furnished adheres to its ’prescribed format’, a source said.

The Telecom Regulatory Authority of India (TRAI) had last month asked operators to submit information on concessional offers dished out between April 2018 and March 2019, and while Bharti Airtel has shared some details, Vodafone Idea sought two more weeks to submit the same.

Tata Motors sales dip 20% to 42,577 units in April

Tata Motors sales dip 20% to 42,577 units in April

Tata Motors on Thursday reported a 20 per cent decline in total sales during April at 42,577 units as compared with 53,511 units in the same month last year.

The company’s passenger vehicle sales in the domestic market declined by 26 per cent to 12,694 units last month as compared with 17,235 units in April 2018.

Sensex rises over 100 pts in early trade

Sensex rises over 100 pts in early trade

Mumbai: The benchmark BSE Sensex rose over 100 points on Friday led by gains in banking and auto stocks amid sustained foreign fund inflow and easing crude prices.

The 30-share index was trading 107.81 points, or 0.28 per cent, higher at 39,089.24. Similarly, the NSE Nifty up 22.45 points, or 0.91 per cent, at 11,747.20.

Sebi finds serious misuse of NSE data

Sebi finds serious misuse of NSE data

Mumbai: Sebi’s investigation into the NSE co-location scam has found that there was serious misuse of confidential and price sensitive data provided by the NSE to Ajay Shah for creating the Liquidity Index (LIX).

Sebi has held that Shah—a senior academic with the government think-tank National Institute of Public Finance and Policy —along with his sister-in-law and an NSE official,

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