Efforts from state governments such as those of Maharashtra and Uttar Pradesh to develop floating solar plants might hit the financial-viability hurdle.

Industry officials said that non-availability of the primary float structure in India make these projects an expensive option.

Cipla has acquired a 100 per cent stake in Mirren, a South African over-the-counter (OTC) pharmaceutical manufacturer and distributor. The transaction is subject to the approval by the Competition Commission of South Africa.

Paul Miller, CEO of Cipla South Africa, said that once approved, the transaction will enhance Cipla's current OTC portfolio, by adding Mirren's well-established brands like Bronco!

Net neutrality, a controversial issue around the world, has emerged a winner in India. In a heavy-duty meeting on Wednesday, the Telecom Commission, the highest decision-making body in the Department of Telecommunications, approved the net neutrality rules implying internet will remain open to everybody in the country.

State-run telecom firm BSNL today unveiled first internet telephony service in the country that will allow users to dial any telephone number in India through its mobile app. Now BSNL customers will be able to make calls using the company’s mobile app “Wings” to any phone number in the country.

Mumbai: National carrier Air India Ltd, which has asked the central government to revive its equity infusion after its sale plans stalled, is seeking ₹2,100 crore from the government to address its immediate operational needs, two senior officials of the airline told Mint.

However, this infusion will only take care of the airline’s short-term capital requirements and the national carrier could have to dip into the market again to raise money for its fleet and other expansion plans, which include future procurement of aircraft on lease.

Tata Motors Ltd’s standalone business has been forging ahead with strong double-digit sales growth in commercial vehicles (CVs) and passenger vehicles (PVs). However, it looks like the automobile juggernaut is beginning to pay a price for sustaining this growth.

The company’s rising trade receivables indicate it is deploying more credit to push sales. During fiscal year 2018 (FY18), the standalone entity’s trade receivables, which is the amount customers (dealers) owe the firm, rose sharply by 64%, twice the rise in sales.

The benchmark BSE Sensex opened 59.64 points higher, but soon turned choppy in early trade, as investors cashed profits in metal, healthcare, PSU and auto stocks, amid weak Asian cues after US-China trade spat escalated.

After opening on a positive note, the BSE 30-share barometer dropped by 56.15 points, or 0.15%, to 36,183.47 led by fall in index majors Hero Motorcorp, Vedanta, Coal India and RIL shares.

Pakistan batsman Ahmed Shehzad has been provisionally suspended and charged with violating anti-doping regulations after he tested positive for a prohibited substance in May, the Pakistan cricket board (PCB) has said.

The 26-year-old's in-competition urine sample, which was collected during the domestic Pakistan Cup tournament in May, tested positive and an independent review board confirmed the result in June.

Of the 10 top-selling cars in the country in the April-June quarter, the top six were from Maruti Suzuki and in total the company had seven models in the top 10 list. The remaining three models were from Hyundai Motor India, data sourced from Society of Indian Automobile Manufacturers (SIAM) showed.

The chairman of the UK Parliament’s media committee says the government office that investigated the Cambridge Analytica scandal has fined Facebook 500,000 pounds (USD 663,000) for failing to safeguard users’ data. Damian Collins said the Information Commissioner’s Office concluded that Facebook “contravened the law by failing to safeguard people’s information.”

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