Spicejet, GoAir, Jet Airways and Vistara airlines on Friday joined Indigo and Air India to put Telugu Desam Party (TDP) MP Diwakar Reddy under no-fly list for his unruly behaviour with a staffer at the Vishakhapatnam airport.

Reddy, now, has become the second MP in three months to be banned from flying for his unruly behaviour.

Daily revision of petrol, diesel rates: Petrol and diesel prices will be changed on a daily basis. Starting today, the move by state-owned oil companies will mark a departure from the earlier practice of fortnightly revisions of rates, according to reports. Rates will change everyday depending on any movement in international oil rates. Yesterday, petrol price was reduced cut by Rs 1.12 per litre and diesel price was cut by Rs 1.24 per litre. Till now, prices were used to be revised on 1st and 16th of every month based on the fortnightly average of international oil price and the foreign exchange rate, the report says.

A woman sued Uber Technologies Inc on Thursday claiming top executives at the ride-hailing company improperly obtained her medical records after she was raped by a driver in India, according to court documents.

The lawsuit, filed in a California federal court, comes two days after Uber Chief Executive Travis Kalanick said he would take a leave of absence from his troubled company to grieve for his recently deceased mother and to work on his leadership skills.

Facebook said that it has started using 'artificial intelligence' (AI) to help combat terrorists' use of its platform.

The American company's announcement comes as it faces growing pressure from government leaders to identify and prevent the spread of content from terrorist groups on its massive social network.

Reliance Industries shares jumped ahead of a joint address later today by company chairman Mukesh Ambani and BP Plc’s group chief executive Bob Dudley. Reliance shares were trading up 2.2% at Rs 1,386 after rising to the day’s high of Rs 1,394.25. The subject of the address scheduled for 5.30 pm today is not immediately known. Meanwhile, the benchmark BSE Sensex was down 0.26% at 31,076.24 points.

Clothing Manufacturers Association of India (CMAI), the premier apparel body, in association with Tata Consultancy Services (TCS) has developed a software for garment manufacturers to alert them about GST (Goods and Services Tax) compliance.

Priced at Rs 18,000 for the initial six months, the software has a unique feature for highlighting the stage of compliance. The software automatically sends reminders to a vendor or a supplier who has not paid a tax at any stage in the textile value chain.

The Sensex rose 74 points early on Thursday on buying pick-up as investors shrugged off weak Asian cues after the US Fed hiked its key rate.

An appreciating rupee brought more cheer.

Axis Bank’s proposed Rs 5,000-crore debt sale could be priced at a coupon of 7.66%, three sources familiar with the placement said on Wednesday. The tenure of the securities is likely to be 10 years, and the issuance may take place by the end of this week. Ratings agency Crisil has assigned its ‘CRISIL AAA/Stable’ rating to the Rs 5,000-crore Tier-II bonds (under Basel III) of the bank. It has reaffirmed its ratings on the bank’s existing debt instruments at ‘CRISIL AAA/CRISIL AA+1/Stable/CRISIL A1+’. “The overall ratings reflect Axis Bank’s strong capitalisation, healthy resource profile, and comfortable earnings.

Researchers at Maluuba, a deep-learning startup recently acquired by Microsoft, have developed an artificial intelligence (AI) system that became the first player ever to achieve a perfect 999,990 score in Ms Pac-Man — an arcade video game. The feat is notable because when Ms Pac-Man was developed in the eighties, it was programmed to be less predictable than the original Pac-Man, so that it would be tougher for players to beat it. As opposed to developing a single intelligent agent to learn the game, the team used a number of simpler intelligent agents to each learn a single aspect of the game.

Competition Commission today imposed a penalty of Rs 87 crore on Hyundai Motor India for unfair business practices with respect to providing discounts for passenger cars. Besides, the company has been directed to cease and desist from such anti-competitive practices. In a 44-page order, the regulator said the company’s anti-competitive conduct include putting in place arrangements that resulted in resale price maintenance by way of monitoring of maximum permissible discount level. This was done through discount control and penalty mechanisms for non-compliance of the discount scheme, it added.

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