NEW YORK: Microsoft has unveiled a cheaper smartphone, costing about 110 euros ($135), as it eyes emerging and other low-cost markets for growth.

The new model is the first Lumia smartphone under Microsoft's own brand name. The company has released a few Lumia models since it bought Nokia's phone business this year, but those models still carried the Nokia brand.

The government has decided to take back several of ONGC’s small and marginal hydrocarbon fields where it has made little headway and auction them afresh with attractive incentives, in keeping with its plan to pick low-hanging fruit for increasing the country’s oil and gas output.

While ONGC has 165 marginal fields (86 onshore and 79 offshore), only 74 are currently under production. As many as 26 are lying idle while another 65 are said to be at various stages of development. These marginal fields have estimated total reserves of 1,510 million tonnes of oil equivalent (mtoe). Of this, nearly 340 mtoe is recoverable hydrocarbon.

Eight women on Tuesday died in sterilisation camp organised by the state government in Bilaspur in Chhattisgarh.

According to reports, around 20 women are said to be in a critical condition. The sterilisation camp was held in the home district of Health Minister Amar Agarwal on Saturday.

India’s second largest fund house, ICICI Prudential AMC, has emerged as the front runner for managing the exchange-traded fund (ETF) the government plans to float for disinvesting part of its holdings under the Specified Undertaking of Unit Trust of India (Suuti).

It had bid to manage Suuti's corpus for 13 basis points (0.13 per cent of the total assets under management). The government had bids from seven asset management companies to act as manager to the ETF. These were Reliance Mutual Fund, Birla Sun Life MF, Kotak MF, SBI MF, ICICI Prudential AMC, UTI MF and Sundaram MF in a consortium with Edelweiss MF.

Bajaj Auto, the country’s third largest two-wheeler manufacturer, will launch a series of products over the next 12 months with the aim of not only regaining market share in the very competitive motorcycle segment but to push it higher.

In addition to launching new motorcycles under its premier Pulsar and Discover brands, the Pune-based company will revive its neglected entry-level brand, Platina.

In an apparent U-turn, the Central Bureau of Investigation (CBI), which had filed a closure report in a coal blocks case involving industrialist Kumar Mangalam Birla, former coal secretary P C Parakh and others, on Monday told a special court there was enough evidence against the accused to take cognisance of offences.

The Supreme Court appointed-special public prosecutor (SPP) R S Cheema submitted before Special CBI Judge Bharat Parashar that the court can take cognisance on the closure report filed by it on October 21 as there was prima facie “evidence against the accused to show their involvement”.

To make delisting easier and faster, market regulator Sebi will soon announce a new set of regulations wherein time required to complete such an exercise may be more than halved from a minimum of 137 days at present.

The changes are being made after taking into account suggestions made by the industry and other stakeholders, including market entities and investors.

Shares of the country’s largest cigarette maker ITC is trading higher by 3% at Rs 367 on National Stock Exchange (NSE) in otherwise subdued market on back of heavy volumes.

The stock opened at Rs 356 and touched a high of Rs 368 on NSE so ar. At 1149 hours, a combined 9.12 million shares changed hands against an average sub 6 million shares that were traded daily in past two weeks on NSE and BSE.

Hours after the Union Council of Ministers was expanded on Sunday, a slighted Shiv Sena, which has been refused a Cabinet berth, declared it would sit in the opposition if the newly elected Bharatiya Janata Party-led minority government in Maharashtra sought the support of the Nationalist Congress Party (NCP) to survive the trust vote on Wednesday.

Star batsman Virat Kohli on Sunday became the quickest cricketer to reach 6,000 runs in ODIs, bettering legendary West Indian Vivian Richards’ record during his 53-run knock in India’s third ODI against Sri Lanka.

Playing in his 144th match and 136th innings, Kohli reached the milestone with a single off left-arm spinner Chaturanga de Silva in the 39th over at the Rajiv Gandhi International Stadium. Vivian Richards took 156 matches and 141 innings to reach the milestone in 1989.

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