NEW DELHI: Low-cost airline IndiGo has said it will add eight new flights to its domestic network from Friday with additional daily services from Delhi to Chennai, Vadodara and Lucknow.

IndiGo will also connect Srinagar to Chennai with the introduction of its first daily flight via Delhi, the airline said in a release on Thursday.

Finland’s Nokia reported quarterly profits well below market forecasts at its telecom network equipment business, sending its stock tumbling 10 percent and raising concerns over its planned takeover of smaller rival Alcatel-Lucent.

First-quarter revenue was ahead of expectations, but operating profit dropped 61 percent, which Nokia blamed largely on the need to cut prices to secure major mobile contracts in China and on weaker software sales.

Stock exchanges BSE and NSE have decided to shift a total of 56 companies to the restricted trading segment from May 6 to ensure safety of investors in the capital markets.

BSE said it would be shifting as many as 47 scrips to the trade-to-trade or the 'T' group segment, while the National Stock Exchange (NSE) has decided to move nine stocks to this category, the bourses said in separate notices.

Auto-maker Mahindra & Mahindra today reported 1% rise in total sales at 36,727 units in April 2015.

It had sold 36,288 units in the same month last year, Mahindra & Mahindra (M&M) said in a statement.

Microsoft has launched a set of new machine learning APIs in public beta under the name ‘Project Oxford’ and it’s How-Old.net demo for this service went viral. This service uses some of the new developer services that are a part of ‘Project Oxford’.

This new facial analysis tool tells the user about his/her age and gender. The user needs to upload the photo of his/her face and then it automatically figures out the age and gender of the person in the picture.

Finance minister Arun Jaitley on Thursday clarified that minimum alternate tax (MAT) would not be applicable on foreign companies’ earning from capital gains on securities, royalty, fee on technical services and interest, providing a huge breather to foreign investors.

Replying to the debate on the Finance Bill, 2015, in the Lok Sabha, the finance minister said that the exemption would apply prospectively only in those cases where the normal tax rate is below the MAT rate of 18.5 per cent, even as he assured the taxpayers to replace the 14-page long ITR with an “extremely simplified” income tax return (ITR) form.

Bengaluru-based startup, Tradelab which develops software products for financial services firm, has raised Rs 2.5 crore from Rainmatter, a financial technology incubator.

Started in 2012 by two IIT alumni, Tradelab acts as a trading platform and provides analytics, allowing not just brokers but regular people also to trust online brokering. Its software products include Cyrus (configurable low latency algo trading platform), Pi (integrated trading and charting platform), and Esim (paper trading on simulated market competition).

Mobile phone users will pay less for usage while roaming from tomorrow as leading operators, including Airtel, Vodafone, Idea Cellular and Reliance Communications, slashed their roaming rates by up to 75 per cent weeks after regulator Trai cut ceiling tariffs.

While in roaming, call rates will be cheaper by up to 40 per cent and SMS by up to 75 per cent.

In what could be another face-off between Aam Aadmi Party and Reliance Industries, the Anti Corruption Branch of the Delhi government on Thursday issued a notice to top officials of RIL and its partner Niko Resources Ltd to join investigations next week in Krishna-Godavari Basin case.

The move marked the first improvement in the FIR registered in February last year when AAP had formed a government in Delhi for 49 days. The FIR also includes the names of former petroleum ministers M Veerappa Moily, Murli Deora, former director general of hydrocarbons V K Sibal and RIL chairperson Mukesh Ambani.

Taking up the most neglected and sensitive topic in the coal mining sector – safety of mine labours, the ministry of coal is working towards ‘zero harm’ policy and coal companies would increase revenue spend on it.

The plan also includes phasing out of all manual loading in underground coal mines within a year's time. Most accidents in an underground coal mine happen due to land slide or gas leakage during extracting coal which is usually fatal.

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