New Delhi

Infy to invest Rs 750 cr in first phase of upcoming Noida facility

India’s second largest software services firm, Infosys, on Sunday said it will invest about Rs 750 crore in the first phase of its upcoming facility in Noida, Uttar Pradesh.

Prime minister Narendra Modi felicitated Infosys’ upcoming facility as part of the ‘Rising UP, Powering New India’ event in Lucknow. “As part of this project, Infosys will invest approx Rs 750 crore in the first phase of construction to build a 2.7 million square feet facility that can accommodate a total staff strength of 5,000,” the company said in a statement.

India Post to start payments bank soon

India Post Payments Bank is expected to go live with 650 branches and around 17 crore accounts in August, following clearance from Reserve Bank of India to start operations. “We are looking at launch date. From an operational, technology and market perspective, we are ready to go live,” India Post Payments Bank (IPPB) MD and CEO Suresh Sethi told. He confirmed that RBI has given approval to IPPB after testing its entire system. The final approval for the launch of IPPB was pending before the RBI.

New committee to look after stressed thermal power projects

With a view to resolve the stress in the power sector and revive such assets, the government has decided to set up a high level empowered committee, It will be headed by cabinet secretary with representatives from ministries of railways, finance, power, coal and the lenders having major exposure to the power sector.

HC seeks Centre's reply on plea to use Aadhaar details of missing persons

The Delhi High Court today sought the Centre's response on a PIL seeking direction to utilise biometric and Aadhaar details of missing persons, including children, aged and mentally challenged, so that they can be re-united with their families.

A bench of Acting Chief Justice Gita Mittal and C Hari Shankar issued notice to the Ministry of Home Affairs on the plea which also sought direction to the authorities to spread awareness in this regard to track the pre-existed biometrics and Aadhaar details for re-uniting missing persons with their families across country.

Jio posts Rs 612cr net in June quarter on volume customers but ARPU falls

Mukesh Ambani telecom upstart  Reliance Jio, on Friday reported 19.9 per cent rise in net profit at Rs 612 crore in the quarter ended June 2018, the third straight quarter of profit as its cheaper data plans continued to bring in more customers.

The 4G telco's total wireless data traffic during the quarter reached 642 crore GB, while total voice traffic during the quarter stood at 44,871 crore minutes. The entrant’s average revenue per user (ARPU)—a key performance parameter— however fell to Rs 134.5 from Rs 137 in the previous quarter .

Forever the ‘Kaptaan’

Leading the race to become Pakistan’s Prime Minister, Imran Khan will always be first and foremost the enigmatic ‘Kaptaan’, who pulled off the impossible – transform an immensely talented but fractious bunch of cricketers into world beaters. There were many international captains during the 80s but there was only one leader on the cricket field and that was Pakistan’s Imran Khan.

Bank stocks see huge demand

Bank stocks were in huge demand on Thursday, surging up to 8.5 per cent, in-tandem with an overall bullish broader market sentiment. Among blue chips, SBI soared 5.62 per cent, Bank of Baroda 5.23 per cent, ICICI Bank 4.08 per cent, PNB 2.02 per cent, Axix Bank 1.84 per cent and HDFC Bank 0.72 per cent on the BSE.

Truckers’ strike hits cotton trade, essential commodity supplies

A nation-wide truckers’ strike entered its seventh day on Thursday, the disruption in movement of commodities is hurting cotton trade and grains and vegetables, officials said.

Truckers’ body All India Motor Transport Congress began an indefinite strike on July 20 demanding reduction in central and state taxes on diesel by bringing the fuel under the GST ambit. “The shipment of cotton has stopped, leading to non-fulfilment of obligations by the exporters, resulting in order cancellation and delayed shipment,” said Atul Ganatra, president of the Cotton Association of India.

Delhi’s wait and watch on Imran

Imran Khan’s offer of taking two steps in response to India’s one towards improving ties might push the revival of talks further on the back-foot.