Buying a railway ticket online will be much easier as Indian Railways launched the modern e-ticketing system capable of generating about 7,200 tickets per minute compared to the earlier capacity of 2,000 tickets per minute.

Railways has made an investment of about Rs 100 crore in this IT initiative. The technology has been developed by Center for Railway Information Systems (CRIS), an autonomous organization under Ministry of Railways.

Mahindra and Mahindra Ltd. (M&M) rolled out its new Yuvraj 215 NXT in Rajkot on Wednesday. According to the company, this 15 HP tractor is compact, easy to operate and fuel-efficient with low operating cost, making it ideal for small landholdings.

"Our objective is to increase farm productivity and enhance rural prosperity. The Yuvraj 215 NXT is part of our vision to deliver 'FarmTech Prosperity' to farmers in Gujarat through its multiple application features," said Ravindra Shahane, vice-president, marketing, farm equipment sector, M&M Ltd.

Adani Power has bought Hyderabad-based Lanco Infratech’s Udupi power plant at an enterprise valuation of Rs 6,000 crore. While Adani will take over the plant’s Rs 4,000 crore worth of debt, Lanco will receive Rs 2,000 crore in cash, which it plans to use for lowering its debt.

This is the largest acquisition in the thermal power space. According to bankers, Adani Power pipped JSW Energy in the negotiations and announced the transaction within two weeks of starting talks.

Hosiery maker Dollar Industries, which sells innerwear brands Bigboss and Force, is planning to get listed on the BSE in the current financial year. The company with annual turnover of Rs 690 crore has appointed merchant bankers for this.

“It is our priority to get listed this year. Final details are being worked out,” said Vinod Gupta, managing director of Dollar Industries.

Oil & Natural Gas Corporation (ONGC), the country’s state-owned petroleum explorer and producer, reported a 19 per cent jump in net profit for the quarter ended June. However, it missed analyst estimates of earnings, due to higher discounts for oil marketing companies (OMCs).

The company recorded a net profit of Rs 4,782 crore during the three-month period, as against Rs 4,016 crore in the corresponding quarter last year (2013-14). This was lower than the Rs 5,850 crore median estimate of 29 analysts surveyed by Bloomberg.

New Delhi: Indian-origin mathematician Manjul Bhargava has been awarded the prestigious 2014 Fields Medal at the International Mathematical Union’s (IMU) International Congress of Mathematicians held in Seoul, South Korea.

The medal recognizes outstanding mathematical achievement for existing work and for the “promise of future achievement”.

HTC is planning to launch its video-clip making service called Zoe for all Android Devices. The news was first confirmed by Re/code and quickly revealed by Drew Bamford, the head of HTC’s user interface team. The app is expected to launch this week and the company will allow the other smartphones to run the Zoe app.

Zoe automatically creates video clips featuring photos and snippets from a user’s camera roll, applies a soundtrack and transitions to these highlight reels.

As an election campaigner, Narendra Modi promised sweeping market reforms to revive India's economy and put the country to work. As prime minister, he has dismayed admirers, apparently reverting to the script of the hapless government he defeated.

To some of the economists and business leaders who as his campaign cheerleaders dared to dream of a Thatcherite revolution, he seems not to be listening. Three months after his win, it is dawning on them that their views count for little.

Snapping its two-day winning streak, the benchmark BSE Sensex fell over 30 points in early trade today after industrial production declined to 3.4 per cent in June and retail inflation rose to 7.96 per cent in July.

The 30-share barometer fell by 30.26 points, or 0.11 per cent, to 25,850.51 with power, capital goods, realty, consumer durables and banking sector stocks leading the fall.

Gujarat chief minister Anandiben Patel on Tuesday launched 'SATHI', a software system aimed to improve capacity and skill of government employees.

An official statement said, SATHI, or System of Application of Technology for Human Resources Improvement, as it is known, has been launched for usage in social welfare schemes of the state government.

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