Shares of Larsen & Toubro rallied nearly 5% in an otherwise flat market following news reports that the company is hopeful of bagging some six defence contracts amounting to Rs 40,000 crore.

The stock gained as much as 4.83% to Rs 1,181 in intraday trade on the BSE. The stock was the top gainer on Semsex and Nifty.

Expanding its premium speakers’ line-up, Sony India on Thursday launched the ‘MHC-V90DW’ audio system in India for Rs 65,990. ‘MHC-V90DW’ stands 170cm tall with wheels and handle bar to move it around and an open back-type cabinet, delivering an output power of 2,000 watts. The speaker comes with a gesture control feature to allow users control volume and soundtracks by waving the hand, the company said in a statement. It is also equipped with motion control enabling users to perform operations by shaking their smartphones.

A five-judge Constitution Bench of the Supreme Court on Wednesday directed social media service providers WhatsApp and Facebook to file an affidavit in four weeks stating what data they were gathering about millions of users and whether they were sharing it with any third-party entity.

The Bench, presided by Chief Justice Dipak Misra, issued the directive in view of the recent nine-judge bench judgment that upheld the right to privacy as a fundamental one.

Mumbai, Sept. 7 (Agencies): A court on Thursday jailed for life extradited gangster Abu Salem, convicted of involvement in the series of blasts in India’s financial capital in 1993 that killed 257 people.

Convicts Tahir Merchant and Firoz Abdul Rashid Khan were given the death sentence, while Karimullah Khan got life in jail and Riyaz Siddiqui ten years.

Mumbai: Make in India? Check. Zero emissions? Check. New technologies? Check. Despite being on the same page as the government on all three criteria, Ashok Leyland Ltd’s all-electric bus Circuit is still to find takers among state transport bodies.

When it showcased Circuit 10 months ago, Ashok Leyland said it was “designed and engineered entirely in India, by Indians, for the nation”. The ground reality seems to be different, though, as cash-strapped state transport undertakings (STU) baulk at adding costly green vehicles to their fleets.

The BSE Sensex closed flat at 31,662.74 after a volatile trade as jittery investors booked profits at every rise amid deepening worries over North Korea.

The broader NSE Nifty ended up by 13.70 points, or 0.14%, at 9,929.90, after moving between 9,964.85 and 9,917.20.

The state-owned telecom firm BSNL expects to start a field trial of 5G services by the end of this financial year, company's chairman and MD Anupam Shrivastava said on Thursday.

"We had interaction with Nokia last week (on 5G). Next we are going to present about our requirements after which field trail concept is there. It should start before the end of this financial year," Shrivastava told reporters today.

Country's third largest software services firm Wipro today said it has bagged a new five-year deal from global stainless steel maker Outokumpu.

Wipro, however, did not disclose the financial details of the IT applications management contract from the Finnish firm.

Infosys, the country's second-largest software services firm, has opened an office in Amsterdam to strengthen its digital technology services in the Dutch market.

Currently, the company has more than 20 clients in the Netherlands and employs more than 1,100 people, including those who work at client locations.

Reliance Industries (RIL) hit a new high of Rs 832.70 on BSE in early morning trade, surpassing its previous high of Rs 832.50 (adjusted to bonus shares) touched on August 3, 2017 in intra-day trade. The stock is trading ex-bonus in the ratio of 1:1 with effect from today.

On July 21, 2017, the board of directors of RIL had recommended issue of bonus shares to shareholders of the company by capitalisation of its reserves in the ratio of 1:1, i.e. 1 (one) bonus equity share of Rs 10 each fully paid-up for every 1 (one) existing equity share held by the members as on a record date.

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