Causing a major embarrassment to ministry of railways, India's first indigenous semi-high speed train Vande Bharat Express or Train 18 met with a major technical snag at Barhan on Saturday, hours before its first commercial ride on February 17.

This happened almost 18 hours after Prime Minister Narendra Modi inaugurated the train on Friday evening. This has now cast a shadow on the first commercial ride of the much-hyped train set to happen on Sunday morning.

The Reserve Bank of India (RBI) has warned YES Bank that it might face regulatory action for allegedly violating a confidentiality clause by disclosing a nil divergence report. In a letter to the private lender, the regulator said the bank had violated regulatory guidelines in the press release where it had made this disclosure last week.

Nil divergence is not an achievement to be published and is only compliance with the extant Income Recognition and Asset Classification norms, said the RBI’s letter.

Tata Motors Friday said its hatchback Tiago has crossed cumulative sales milestone of two lakh units in the domestic market.

The company had launched the entry level model in April 2016.

"The Tiago continues to be one of the few models in the hatchback segment that is still registering positive growth despite being in its third year of production," Tata Motors Passenger Vehicles Business Unit President Mayank Pareek said in a statement.

Prime Minister Narendra Modi on Friday promised a strong response to a car bombing in Kashmir that killed 40 paramilitary that his government blamed on Pakistan, ratcheting up tensions with the nuclear-rival.

The attack on a military convoy in Jammu and Kashmir where India has been battling an insurgency was the worst in decades and comes just months before Modi’s ruling Hindu nationalists face a tight general election.

West Bengal Congress president Somen Mitra on Thursday reiterated that there was no possibility of the party joining hands with Trinamool Congress (TMC) in West Bengal for the upcoming Lok Sabha polls. Mitra said that the Bharatiya Janata Party (BJP) and the TMC were ‘evil forces’, which had the common goal of wiping out his party.

Mitra also said TMC and BJP are two sides of the same coin.

India’s first semi-high speed train, the Vande Bharat Express, was flagged off by Prime Minister Narendra Modi on Friday from the New Delhi Railway Station amid sombre mood in the backdrop of the terror attack in Pulwama.

Railway Minister Piyush Goyal and members of the Railway Board were present on the occasion and will be on board the train on its inaugural journey.

Shares of Bharat Dynamics soared 16 per cent to Rs 263 apiece on the BSE in an otherwise weak market after the company reported a robust net profit of Rs 188 crore in December 2018 quarter (Q3FY19). The state-owned defence company had a profit of Rs 6.18 crore in the year-ago quarter.

The company’s operational revenue during the quarter under review grew 26 per cent to Rs 1,038 crore against Rs 822 crore in the corresponding quarter of previous fiscal.

Shares of Dr Reddy’s Laboratories turned volatile falling 30 per cent to Rs 1,873 apiece, also its 52-week low on the National Stock Exchange (NSE), after media reported Jefferies, in its research note, said that the Form 483 issued by US Food and Drug Administration (US FDA) to drug firm’s Bachupally plant contains four repeat observations out of the total 11 observations.

At 11:14 am; Dr Reddy’s Laboratories was trading 7 per cent lower at Rs 2,474, recovering 32 per cent from its early morning low on the back of heavy volumes on the NSE.

India on Friday withdrew the Most Favoured Nation (MNF) status accorded to Pakistan a day after 39 CRPF personnel were killed in the deadliest terror attack on security forces in Jammu and Kashmir's Pulwama.

At a security review meeting, Prime Minister Narendra Modi said those behind the terror attack would pay a "very heavy price" for the "huge mistake". Union Minister Arun Jaitley said the government has decided to take all possible diplomatic steps to ensure Pakistan's global isolation and that India has withdrawn Most Favoured Nation status to the country.

Prime Minister Narendra Modi on Thursday said that those who have targeted India and attacked the CRPF soldiers in Jammu and Kashmir will have to pay a heavy price. Speaking at a train inauguration event in Delhi, he said the neighbour (Pakistan) thinks that terror attacks can weaken India, but they will not be successful.

My condolences to families of those martyred in Pulwama attack, those behind the terror strike will be punished, Modi said and and urged the world to come together to crush terrorism.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.