In a development confirming the split within the Samajwadi Party (SP), senior party leader Shivpal Singh Yadav on Friday announced the formation of a new party which will be named as 'Samajwadi Secular Morcha'.

Shivpal announced that Samajwadi leader Mulayam Singh Yadav would be the party's national secretary.

Head Hunters India, an executive search firm, today termed the Infosys' move to hire 10,000 Americans as an act to 'appease' US President Donald Trump's administration which has tightened the rules of H-1B visa programme to stop its 'abuse'.

Head Hunters India Founder-Chairman and Managing Director K Lakshmikanth also said local hiring in the US was very costly and would lead to offshore job cuts in India.

Tata Motors dipped 4% to Rs 420, extending its Thursday’s 2.3% fall on BSE, after the company said Jaguar Land Rover (JLR) reported 2.3% decline in retail sales of 40,385 units in the month of April.

The stock is trading at its lowest level since May 30, 2016. It hit a 52-week low of Rs 376 on May 11, 2016 in intra-day trade. Till 11:58 am; a combined 4.8 million shares changed hands on the counter on BSE and NSE.

The Supreme Court on issued notice on ousted police chief T.P. Senkumar's contempt plea against the State's Chief Secretary, Nalini Netto, for not issuing the official orders re-appointing him to the helm of the police force.

“This is in bad taste. This proves the allegations of malafide against you”, the court observed while reacting to Kerala government’s admission in the court that Mr. Senkumar was never State police chief.

Tata Communications reported a loss of Rs 209 crore for the fourth quarter ended March 31, 2017.

The gross revenue for the same quarter stood at Rs 4,300 crore.

"During the current quarter, based on the High Court order dated April 28, 2017, the company has made a provision of Rs 872 crore towards the contractual obligation under...Agreement as the difference between the fair market value of the shares to be acquired and the advance paid to Tata Sons for shares of Tata Teleservices," the company said in a statement.

The country's largest mortgage lender HDFC Ltd on Thursday reported a 21.6 per cent fall in its standalone net profit at Rs 2,044.20 crore for the quarter ended March 2017.

The Housing Development Finance Corporation (HDFC Ltd) had made a net profit of Rs 2,607.05 crore on a standalone basis during corresponding January-March period of 2015-16.

The SBI has declined to share the quantum of money lying in suspended bank accounts in which the interest amount of customers, who do not claim it due to religious reasons, is kept. Replying to an RTI query, the State Bank of India (SBI) said it does not maintain such information in its database “in normal course of business and extraction of the same will be voluminous and time taking activity”.

American tech major Adobe today signed a long-term deal to provide digital solutions to the merger-bound Idea Cellular, which will help the third biggest telco save on operational costs. The partnership will augment the Birla group company’s growth strategy through “enhanced customer retention as well revenue generation”, its managing director Himanshu Kapania said in a statement.

The Indian football team has jumped up a place to be ranked 100th for the first time ever in over two decades in the latest FIFA rankings released on Thursday. For the first time in 21 years and only the sixth time after Independence, the national football team has found a place in the top-100 of FIFA rankings.

This is India's best-ever FIFA ranking since April 1996 when they were also ranked 100. India's highest FIFA Ranking till date has been 94, achieved in February 1996. India, meanwhile, retained 11th spot in AFC.

Express Wi-Fi is one of Facebook’s many connectivity initiatives under its internet.org umbrella. Unlike more futuristic projects like the Aquila drone, though, the emphasis here is on existing Wi-Fi technologies and allowing local entrepreneurs to resell internet access.

In India, Facebook is currently working with a number of local ISPs and 500 local entrepreneurs, but that number is about to grow quite a bit.

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