India's imports of raw and processed coal, or coke, rose 19% to 21 million tonnes in April from a year earlier as low prices drew buyers, according to provisional data from commodities trader mjunction.

Imports into the world's third-biggest coal buyer, however, were about 12% lower than the 24 million tonnes for March, mjunction Chief Executive and Managing Director Viresh Oberoi said in an email.

Ashok Leyland has dipped 4% at Rs 69 on the NSE after reported a standalone net profit at Rs 230 crore for the fourth quarter ended March 2015 (Q4). The commercial vehicle firm had profit of Rs 363 crore for the same period of the previous financial year, which includes one-time gain of Rs 376 crore on account of sale of long-term investments and immovable properties.

Operating profit however jumped by nearly three-fold at Rs 457 crore in March 2015 quarter against Rs 178 crore in a year ago quarter.

A massive earthquake measuring 7.3 magnitude (earlier reports had indicated anything between 7.1 to 7.4) on Richter scale epicentred near Nepal, shook Delhi, Bihar, West Bengal and several parts of India today, less than three weeks after the region was struck by a devastating temblor. While 65 people were killed in Nepal and thousands injured, 17 died in India, 16 of them in Bihar and 39 others were injured.

Earthquake jolts were felt in Delhi and National Capital Region (NCR) today driven by the earthquake in Nepal. Delhi Metro was stalled for a while. Later Delhi Metro services were put on restricted mode with speeds being slowed down. The earthquake caused panic to spread in the public across north India, but timely intervention by authorities limited fallout, if any.

Mumbai: The Bombay high court on Wednesday said that the court-convened meeting between the two parties in the Yes Bank Ltd versus Madhu Kapur case will continue on 2 June.

The case relates to the two-year-long family dispute between Yes Bank’s two largest shareholders Rana Kapoor and Madhu Kapur.

At least 41 people were killed and 20 others wounded when heavily armed men on motorcycles opened fire on a bus in Karachi on Wednesday.

According to Pakistan English daily Dawn, the dead included 25 men and 16 women. Attackers reportedly entered the bus and opened fire.

Mumbai: It’s rare that a woman runs a stock exchange—there are just three in the world. Even rarer to find one who was chosen 23 years ago for the crack team that created it and then climbed the ranks to become its chief executive officer in traditionally patriarchal India.

Chitra Ramkrishna, 52 and head of the National Stock Exchange of India Ltd (NSE), wants to retain the startup culture of her early days that helped grow the NSE into the world’s third-largest bourse by number of trades and the leader in India with an 82% market share that dwarfs the 140-year-old BSE Ltd. When NSE needs something new, it creates a team: Currency trading, bond futures and exchange-traded funds are the fruits so far. Another team is now working on bond innovations to go beyond the current 10-year product.

Mumbai: Reliance Jio Infocomm Ltd (RJio), a subsidiary of Reliance Industries Ltd (RIL), has raised $750 million (around Rs.4,815 crore today) from a Korean lender to fund its ongoing network roll-out under its fourth-generation (4G) telecom licence in India.

The loan, backed by export credit agency Korea Trade Insurance Corporation (K-Sure), was raised on 7 May and is guaranteed by RIL. It will be used to finance goods and services procured from two of its main vendors—Samsung Electronics Co. Ltd and Ace Technologies Corp.

If real estate was your investment idea between January 2007 and September 2014, there was a smarter investment option: buying shares of India’s largest housing finance company, Housing Development Finance Corp. (HDFC).

Had you purchased a house, you would have had to choose your location well: 89 of the 195 location pockets across 25 cities tracked by a price index of the National Housing Bank (NHB) returned less than a bank deposit. Had you bought into a basket of real estate stocks put together by BSE, your investment would have eroded 80%.

New Delhi: Three executives have quit Tata Motors Ltd’s passenger vehicles unit, which under its president Mayank Pareek is trying to engineer a turnaround in the Indian market, where the automobile maker’s market share has halved in four years.

Virat Khullar, who was in charge of product marketing at Tata Motors, left in April and has joined Renault India Pvt. Ltd as head of marketing.

Samsung Electronics has launched a new open platform that it says will make developing smart devices faster and easier. ARTIK includes three circuit boards, software support, developer tools, and embedded encryption for security.

In addition to ARTIK, Alex Hawkinson, chief executive of SmartThings, which was acquired by Samsung last August, also announced SmartThings Open Cloud to help developers create apps for their devices.

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