The Indian space agency expects to fly its first small rocket with a carrying capacity of about 500-700 kg sometime next year, according to a top official. “The developmental work for our small rocket that can carry satellites weighing around 500 kg is on. The first flight of the small rocket is expected to happen sometime next year,” ISRO Chairman, K.Sivan told IANS.

With one default behind it, the beleagured Infrastructure Leasing & Financial Services ( IL&FS) will be looking for a lifeline from its shareholders at the board meeting on Saturday. The company’s largest shareholder, Life Insurance Corporation (LIC), is understood to be considering a loan to the defaulting Mumbai-based firm.

Infosys on Friday announced a definitive agreement to acquire Fluido, a salesforce advisor and consulting partner in Nordics that has expertise in cloud consulting, implementation and training services. Infosys said the acquisition enhances its ability to provide clients an unparalleled cloud-first transformation. With offices in Finland, Denmark, Sweden, Norway and Slovakia, Fluido elevates Infosys’ presence across the Nordics region.

On Friday, Hyundai Motor India Ltd (HMIL) launched the Next Gen Verna Anniversary Edition. The model will be limited to 1,000 units, will be available in a single trim, the SX(O), in manual and automatic transmissions and petrol and diesel variants, and will be available in two colours—white and marina blue.

Changes are merely ornamental—front and rear skid plates, black ORVM, shark-fin antenna, rear spoiler, wireless phone charging, and an anniversary edition emblem engraving.

Paytm’s investment platform Paytm Money will likely help small town people get on board the mutual fund bandwagon, and further boost inflows for the asset management industry already flourishing due to shifting habits towards financialisation of savings. Paytm Money is looking to garner huge traction from the hinterlands by making it easier to invest, where mutual fund penetration is currently low, say experts.

Foreign exchange reserves fell below $400 billion, for the first time since November 11, 2017, in the first week of September.

As on September 7, foreign exchange reserves stood at $399.28 billion, a result of the Reserve Bank of India’s intervention at a time when portfolio flows were witnessing some reversals.

Fuel prices have yet again witnessed a hike on Saturday, with petrol and diesel breaching earlier figures to touch new record highs.

In New Delhi, petrol is being sold 35 paise higher at Rs 81.63 per litre, while the price of diesel has been hiked by 24 paise to Rs 73.54 per litre. Mumbai continues to be the worst affected by rising fuel prices, with petrol retailing at a staggering Rs 89.01 per litre and diesel at Rs 78.07 per litre.

Sanju, Padmaavat, Raazi, Sonu Ke Titu Ki Sweety, Bharat Ane Nenu, Rangasthalam. The list of profitable films in 2018 is getting longer. “It has been a great year so far,” says Nitin Tej Ahuja, publisher of trade magazine Box Office India. After a miserable two years of flopping films and stagnant revenues, what has changed for the Rs 156-billion film industry?

A high-level meeting chaired by Prime Minister Narendra Modi on Friday decided to curb non-essential imports and increase exports, besides announcing five-pronged measures to increase dollar inflows into the country to fund and reduce the current account deficit (CAD).

The CAD rose to 2.4 per cent of the country's gross domestic product (GDP) in the first quarter of 2018-19 from 1.9 per cent in the fourth quarter of 2017-18.

Seoul: Hyundai Motor Group appointed heir apparent Euisun Chung as chief vice chairman on Friday, moving him a step closer to succeeding his father as head of South Korea’s second largest conglomerate.

Chung, 47, will assist his father and group chairman Chung Mong-Koo, who promoted his son to respond to “deteriorating global trade issues and changes in competitive dynamics in major markets,” Hyundai Motor Group said in a statement.

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