State Bank of India Chairperson Arundhati Bhattacharya and ICICI Bank Managing Director Chanda Kochhar are among five from India on Forbes' 100 most powerful women in the world list topped by German Chancellor Angela Merkel.

Bhattacharya is ranked 36th and Kochhar 43rd. Biocon founder Kiran Mazumdar-Shaw is 92nd.

Two state-owned lenders to power projects have bailed out Reliance Infrastructure-owned Delhi power distribution companies (discoms) from a payment crisis threatening to pull the plug on the national capital's power supply beginning June.

An executive of Power Finance Corporation said, "Our board has approved a Rs 500-crore short-term loan request from Reliance Group-owned BSES firms.

Infosys is under pressure this morning after B G Srinivas, President and Board member tendered his resignation from the company. The stock is quoting at Rs 2978, weaker by Rs 193 or 6.1%, on the BSE.

In what came as a surprising development to many, information technology (IT) services major Infosys on Wednesday said its president and board member B G Srinivas had quit the company.

Markets were trading near their day's lows after the first hour of trade weighed down by sell-off in Infosys after after B G Srinivas, President and Board member tendered his resignation from the company. This was the 10th high level exit from the company.

At 10:45AM, the 30-share Sensex was down 145 points at 24,411 and the 50-share Nifty was down 35 points at 7,294.

HPCL dipped 2.5% on the BSE after it reported a drop in net profit at Rs 4,609 crore for the fourth quarter ended March as against net profit of Rs 7,679 crore in the same period an year ago.

The company lost Rs 9,183 crore on selling diesel, cooking gas and kerosene at controlled rates in the quarter. To compensate for the loss, it received worth Rs 5,671 crore assistance from upstream firms. Furthermore, it got Rs 6,938 crore in cash subsidy, which was used to cover for the loss HPCL incurred in previous quarters.

CAIRO: Egyptian authorities scrambled to rescue the country's presidential election from a debacle of low voter turnout, but few people trickled to the polls on Wednesday even after the balloting was extended for a third day.

The low turnout is increasingly likely to deprive the all-but-certain winner, former army chief Abdel-Fattah el-Sissi, of the overwhelming show of public support he sought in the vote.

NEW DELHI: Former parliamentary affairs minister and senior Congress leader Kamal Nath will be the protem Speaker in the new Lok Sabha.

The government has conveyed the recommendation to appoint Nath, who is the seniormost member of the Lok Sabha, to President Pranab Mukherjee, parliamentary affairs minister M Venkaiah Naidu told reporters.

MUMBAI: In an apparent softening of its rigid stand, the Rashtriya Swayamsevak Sangh, BJP's ideological parent, has said that criminalization of homosexuality is debatable. The remark made by RSS spokesperson Ram Madhav has sparked hope of a more rational view of the controversial Section 377 of the Indian Penal Code that renders homosexuality a crime.

Google is building a car without a steering wheel.

Sergey Brin, co-founder of the technology titan, told a Southern California technology conference on Tuesday evening that Google will make 100 prototype cars that drive themselves and therefore do not need a wheel. Or brake and gas pedals.

Instead, there are buttons for go and stop.

The State Department recommended that Americans leave Libya immediately and warned US citizens against any travel to the North African country.

The department also said that due to security concerns and limited staffing it was only able to offer limited emergency services to US citizens there. There was no move yet to evacuate diplomats from the embassy.

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