Stock market regulator Securities and Exchange Board of India (Sebi) in its order has stated that Malvinder and Shivinder Singh were the ultimate beneficiaries of the `2,315-crore funds diversion done in a fraudulent manner in Religare Enterprises (REL) and Religare Finvest (RFL).

The 24-page ex-parte order passed on Thursday by G Mahalingam, Wholetime Member, Sebi, says that this is a remedial measure, pending further investigation.

Facebook Inc said on Friday it would use artificial intelligence to combat the spread of intimate photos shared without people's permission, sometimes called "revenge porn," on its social networks.

The new technology is in addition to a pilot program that required trained representatives to review offending images.

Kotak Mahindra Bank has appointed KVS Manian and Gaurang Shah as whole-time directors for a three-year term effective from the date of approval from the Reserve Bank of India.

The appointment of Manian and Shah is also subject to share­holders’ approval, the bank informed the BSE.

To speed up the first phase redevelopment of 42 railways stations under the Rs 1 trillion programme, the government has now adopted a cluster approach by making five public sector companies in charge of each cluster.

The companies include RITES, Mecon, National Project Construction Corporation (NPCC), Engineering Projects (India) (EPIL) and Bridge and Roof Company (India) (B&R).

Congress President Rahul Gandhi on Friday said his party’s manifesto for the Lok Sabha polls would include a right to health care. The Congress said it was committed to increase investment in health care infrastructure to make public hospitals the first choice for patients.

Over the past month, Gandhi has announced key manifesto promises. These have included a minimum income guarantee to all poor, or NYAY,

President Donald Trump issued his first veto Friday, rejecting Congress’s effort to cancel his declaration of a national emergency to pay for a wall on the US-Mexico border, a centerpiece of his 2016 campaign.

“Congress passed a dangerous resolution that, if signed into law, would put countless Americans in danger,” Trump said just before signing the veto in the Oval Office, where he was joined by family members of crime victims and law enforcement officials.

New Delhi: State-owned CIL on Thursday said its board has approved second interim dividend of Rs 5.85 per equity share for the fiscal 2018-19.

"The board of directors in its meeting on March 14, 2019 approved payment of 2nd interim dividend for the financial year 2018-19 @ Rs 5.85 per share of the face value of Rs 10 as recommended by the audit committee of CIL in its meeting held on date," the PSU said in a filing to BSE.

Mumbai: The BSE benchmark Sensex jumped over 200 points and the NSE Nifty reclaimed the 11,400 level on Friday, tracking by gains in banking, auto and IT stocks amid unabated foreign fund inflow, strengthening rupee and positive global cues.

The 30-share index was trading 240.83 points, or 0.64 per cent, higher at 37,995.72, while the 50-share NSE Nifty climbed 74.90 points, or 0.66 per cent, to 11,418.15.

Pune: Mercedes-Benz, India’s biggest luxury car maker by sales on Thursday introduced the new Mercedes-AMG C43 Coupe, a performance car, to boost sales in Asia’s third biggest economy.

Priced at Rs 75 lakh at pan India showroom, the Mercedes-AMG C43 Coupe at present competes with its only rival the BMW M2 Competition costing Rs 79.90 lakh.

Top executives of Oil and Natural Gas Corporation (ONGC) and bureaucrats within the government have successfully thwarted an attempt by the Niti Aayog to privatise the country’s largest oil and gas producing fields, including those in the famed Bombay High and Vasai East.

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