The Indian Railways just can't seem to catch a break, be it unfortunate accidents that have cost lives or contaminated and poor quality food being served to passengers.

Coming on the heels of the food poisoning incident aboard the Tejas Express, the UT consumer forum has imposed a penalty of Rs 30,000 on the Indian Railway Catering and Tourism Corporation Ltd (IRCTC) in a case related to serving a Kalka-New Delhi Shatabdi Express passenger his meal in an unhygienic manner, the Indian Express reported on Tuesday. According to the report, the passenger had alleged that the meal was contaminated with dead insects.

Hyundai Motor India on Tuesday said it has received order for 10,501 units of its recently launched all-new Verna from the West Asia.

The all new Verna, which was introduced in the country in August this year, will be sold as Next Gen Accent in the West Asia markets, including Saudi Arabia and Oman.

Microsoft said it will drop its lawsuit against the Department of Justice over gag orders placed on companies that prevent them from telling customers when their personal data has been accessed by investigators. Its decision comes after the DOJ issued a new binding policy that requires prosecutors to give more detailed reasons when applying for a gag order and makes it much harder to seek one that lasts indefinitely.

In a blog post about the company’s decision to withdraw the lawsuit, which was filed against the U.S. government in April 2016, Microsoft president and chief legal officer Brad Smith wrote that the DOJ’s new policy “is an important step for both privacy and free expression.

The eight consortium accounts that were classified as non-performing assets by Axis Bank last week after a directive from the Reserve Bank of India will have to be classified as NPAs by the other lenders who are part of the consortium, bankers said. The banking sector’s exposure to these accounts would be close to Rs 40,000 crores, Axis Bank told analysts at its recently-held second quarter post-earning call. “The other banks will definitely have to treat them as NPA since these are consortium accounts,” a senior banker with a state-run lender said.

MUMBAI | NEW DELHI: The undisputed leader in India’s compact-car space is now gunning for a bigger prize – the pole position in India’s fast-growing and high-margin utility-vehicles segment.

Maruti SuzukiBSE 1.16 %, the biggest success story for Japanese carmaker Suzuki Motor Corp beyond its home base, is likely to have a portfolio of more than half a dozen utility vehicles and crossovers with three new offerings lined up in the next four years.

Coal India plans to rationalise supply sources for private power producers to reduce the distance over which coal is carried in an effort to cut transport and generation costs. The state-run monopoly will soon invite private generators to participate in the scheme.

A similar exercise was undertaken for state-run power units two years ago, aiming to reduce costs by almost Rs 6,000 crore by feeding each plant with coal from the closest mine instead of transporting it over long distances.

Reliance Communications has received the approval from Department of Telecommunications (DoT) for the merger of wireless business of Sistema Shyam Teleservices Ltd (SSTL) with itself.

RCom will acquire about two million customers of Sistema Shyam, which operates under the brand name MTS, and additional annual revenues of around Rs 700 crore, the company said in a notice to the BSE.

Key indices on Tuesday opened on a positive note as investors widened their positions ahead of quarterly earnings from some bluechip companies amid positive Asian cues.

Japan’s Nikkei posted the longest winning-streak in its nearly 70-year history as markets cheered election victory of Japanese prime minister Shinzo Abe. Tokyo’s benchmark index rose 1.11% ending at 21696.65.

Oil and Natural Gas Corporation (ONGC) gained 3% to hit over four-month high of Rs 177 on the BSE in early morning trade on heavy volumes. The stock is trading at its highest level since June 5, 2017.

In the first 10 minutes of trade, a combined 2.62 million shares have already changed hands on the counter, as against an average 4.8 million shares that were traded daily in past two weeks on the BSE and NSE.

Capital markets regulator Sebi on Monday disposed of proceedings against Prannoy Roy, Radhika Roy and RRPR Holdings Pvt Ltd in a case related to alleged delay in disclosure about their aggregate shareholding in NDTV.

The three are among the promoters of NDTV, and the case relates to their alleged delay in disclosing their aggregate shareholding and voting rights in the company after the end of the 2011-12 fiscal year. Under Sebi norms, promoter entities are required to make disclosures regarding the aggregate shareholding and voting rights as of March 31 within seven working days from the end of each financial year to stock exchanges concerned.

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