Tata Motors-owned Jaguar Land Rover (JLR) was on Friday fined £900,000 after a worker lost his leg in an accident, described as "completely avoidable" by a court, at one of the company's United Kingdom (UK) factories nearly two years ago.

A trial at Birmingham Crown Court was told that the delivery driver lost control of his vehicle and crashed into another car at JLR's Solihull plant in the West Midlands region of England in February 2015.

Indian stock markets opened weak on Friday, tracking SGX Nifty, Asian markets and global stocks, ahead of Donald Trump’s inauguration as the 45th President of the United States. BSE Sensex was down 0.23% at 27,244.55 points and NSE Nifty was down 0.25% at 8,414.35 points in early morning trade. Asian equities slipped as caution prevailed in financial markets ahead of the US President-elect Donald Trump’s inauguration, even as China’s fourth-quarter economic growth beat expectations and Federal Reserve Chair Janet Yellen took a less hawkish policy stance.

The Supreme court today decided to announce the names of administrators for the cash-rich BCCI on January 24, even as it modified its earlier order by which a person having a cumulative tenure of nine years in any state association and BCCI would stand disqualified from holding any position in the apex cricket body.

The apex court's modified order made it clear that the nine-year tenure of an office bearer in the state association or in the BCCI shall not be considered cumulatively.

New Delhi, Jan. 20 (PTI): The Supreme Court on Friday agreed not to pass judgment for a week on the Jallikattu issue while taking into account the Centre's submission that they were in talks with Tamil Nadu to find a way out in the matter.

Attorney General Mukul Rohatgi mentioned the matter before a bench of Justices Dipak Misra and R. Banumati that people of Tamil Nadu are “passionate” about Jallikattu and the Central government and the state are trying to resolve the issue.

Mumbai: The Securities and Exchange Board of India (Sebi) is likely to impose stricter margin trading rules on budget day to combat potential volatility, said two people aware of the matter, including an official with the regulator. The Union budget is scheduled to be presented on 1 February.

Stock markets can become volatile on budget day. While the past seven years saw the Sensex’s budget day close change less than 2% of the previous day’s, there have been instances when the markets have seen wild moves—for instance, Pranab Mukherjee’s 2009-10 budget when the Sensex closed 5.83% lower or Yashwant Sinha’s 2000-01 budget when it fell 5.12%.

New Delhi: Chances of the formation of a ‘grand alliance’ in Uttar Pradesh to take on the Bharatiya Janata Party (BJP) dimmed with the ruling Samajwadi Party (SP) saying it is not in talks with the Ajit Singh-led Rashtriya Lok Dal (RLD) and doesn’t fancy giving any seats out of its share to the party.

On Thursday, before an official announcement of the alliance between the Samajwadi Party and the Congress, a senior leader of the former said it would contest 300-plus seats in polls for the 403-member assembly.

We interacted with key officials of Rajasthan Rajya Vidyut Udpadan Nigam (RRVUNL) on the proposed takeover of its 2,320MW (4x250MW and 2x660MW) Chabra power plant by NTPC. Key attributes of the subcritical plant include: station heat rate (SHR) of 2312.3kcal/kWh which is difficult to achieve, if not impossible, due to which the variable cost is not within the RERC norms; past three month’s average PLF of ~90% builds in seasonality; approved capital cost of R50 million/MW is transfered to NTPC at book value (BV), and equity value of R7 billion adjusted to the extent of normalised SHR.

Tata Communications (TCOM) has transformed from a long-distance voice services provider to a full-service data connectivity and value-added services provider. Its deep connectivity and array of customised solutions should drive a healthy 10% CAGR in data revenue over FY16-19 in a largely commoditised market. Yet, its focus on (a) the higher-margin enterprise segment, and (b) value-added services should support a 490bp expansion in core EBITDA margin over FY16-19.

DAVOS: Analysts scratching their heads over the impact on India's banks of the country's move to ban high-value notes have every right to be puzzled, as estimates offered by the chairman of State Bank of India indicate.

The bank could retain anything from 15 per cent to 40 per cent of the deposit boost it received after the government withdrew about four-fifths of the banknotes in circulation in November, Arundhati Bhattacharya said in an interview on Wednesday with Bloomberg Television's Erik Schatzker. She was unable to give a precise estimate amid uncertainty about how much of that money came from Indian businesses as opposed to individuals.

BENGALURU: Infosys has "released" 8,000-9,000 employees in the past one year because of automation of lower-end jobs, the company's human resources head Krishnamurthy Shankar said. He said these employees are now working on more advanced projects.

"We have been releasing about 2,000 people every quarter and also training them in special courses that will help them in their new assignments," Shankar said on the sidelines of an event organised by the Bengaluru chapter of Global Shapers, a body backed by the World Economic Forum.

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