In a new policy directive issued to zonal railways, officials found fudging data on train punctuality will now pay from their salaries if Indian Railways has to give refunds to passengers thanks to trains being late by over three hours.

The Indian Railway Ministry seeks to weed out the menace of “wrong reporting” of punctuality data in an attempt to paint a rosy picture of train performance in the system. The move will come into effect from June 1, sources confirmed. An order to this effect was issued this week.

State-run telecom operator BSNL on Saturday slashed roaming tariff by up to 40 per cent for its prepaid and postpaid mobile connection with effect from May 1.

The decision had been taken in the wake of telecom tariff order issued by TRAI, the company said in a statement.

New Delhi, May 1: Car makers such as Maruti Suzuki, Hyundai and Honda posted a robust growth in sales in April on the back of launches.

However, SUV major Mahindra & Mahindra could manage a meagre 1 per cent increase, while the sales of General Motors India witnessed a decline.

Bengaluru: Wipro Ltd may save $300 million (around Rs.1,900 crore today) this fiscal year by using automation and artificial intelligence (AI) in work like software testing, thus reducing the number of people deployed in these basic projects.

The attempt by India’s third-largest software services exporter to save about 20% of its $1.4 billion net income comes after it saved $200 million in 2014-15 by freeing many of its 158,000 engineers from manual, repetitive work in the more than 18,000 projects it does for its customers, two executives said.

Indian insurance companies are expected to spend 130.4 billion rupees on IT products and services in 2015, which is an increase of 10.4 per cent over 2014, according to Gartner. This includes spending by insurers on internal IT (including personnel), hardware, software, external IT services and telecommunications.

“The top three technology priorities for Indian insurance CIOs this year are mobility, business intelligence and analytics, and digital marketing – in that order,” said Derry Finkeldey, research director at Gartner.

Micromax subsidiary for high end smartphones, YU is all set to launch its second major smartphone after Yureka. The Indian smartphone company has been marketing the new smartphone under the label Project Caesar.

The company made the official announcement of the phone launch on its Twitter account which says that the YuPhoria smartphone will go live for sale on 12th May in India.

Tata Motors, the largest truck maker, is finding more takers for its differentiated voting rights (DVRs) shares than ordinary shares in its ongoing rights issue to raise Rs 7,500 crore. According to the data available with exchanges, Tata Motors' DVR was subscribed 95 per cent on Thursday evening against 83 per cent for the ordinary shares of the company.

The issue that opened on April 17 will close on Saturday. Friday being a holiday and Saturday being a non working day for exchanges, Thursday was the last day for all the investors making online application using the ASBA (application supported by blocked amount) facility. ASBA is also mandatory for all applications for shares worth above Rs 2 lakh.

An expansion of discoveries in the KG-D5 block (KG for the Krishna-Godavari basin), higher volume considerations, and an expected delay in the development of Cluster 1 discoveries - all these have prompted Oil and Natural Gas Corporation (ONGC) to shun an earlier plan to use Reliance Industries Ltd (RIL)'s infrastructure in the adjoining KG-D6 block off the coast of Andhra Pradesh.

ONGC had signed a memorandum of understanding (MoU) with RIL in 2013 to share the latter's infrastructure on the east coast. For the state-owned company, the idea was to speed up the development of D, E, and G-4 fields in Cluster 1 - north of the KG-D5 block and close to the boundary with RIL's KG-D6 block - to produce six to nine million standard cubic metres per day (mscmd) of gas by mid-2017.

V Balakrishnan, former chief financial officer and board member of Infosys Technologies, has invested in CannyKart, a marketplace which only deals with the Internet of Things (IoT) devices, products and solutions. This is his first investment in e-commerce.

IoT refers to transfer of data over a network without requiring human-to-human or human-to-computer interaction.

NEW DELHI: State-run telecom operator MTNL has introduced unlimited free local calling at night for its landline and broadband customers to any network, effective Friday.

"MTNL has decided to introduce unlimited free local calling for its landline and broadband customers (Combo) between 2200 HRS to 0700 HRS to any network.

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