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A rich list is an annual map of wealth creation largely based on stock value and real estate LATEST NEWS    :   Biotechnology pioneer Kiran Mazumdar -Shaw has not given much thought to the latest list of 100 rich persons in India in which she also figures, but says it reflects the state of the economy. The chairperson and managing director of Bengaluru- headquartered Biocon Ltd, with a fortune of $2.16 billion, was placed at the 72nd position on Forbes magazine's annual 'India Rich List 2017'. "A rich list is an annual map of wealth creation largely based on stock value and real estate. I don't give it much thought other than it reflects the state of the economy," she told PTI. Reliance Industries chief Mukesh Ambani emerged as India's wealthiest for the 10th straight year as his net worth swelled to $38 billion (nearly Rs 2.5 lakh crore) while the wealth of 100 richest rose by 26 per cent despite economic hiccups. More than four-f...

Breaking news : A Special Lokayukta (Ombudsman) Court here on Tuesday rejected the anticipatory bail plea of Karnataka's former Chief Minister H.D. Kumaraswamy in a mining case in which he is alleged to have taken bribe for favours. "I need not panic because my anticipatory bail plea has been rejected. I have to follow my advocate's advice. My future course of action will be decided by my advocate," Kumaraswamy, a Janata Dal-Secular (JD-S) lawmaker, told reporters here. The anti-graft watchdog court had granted a seven-day interim bail to Kumaraswamy on May 17 in the Janthakal mining case. The former Chief Minister is accused of misusing office, corruption and illegal grants of permission when he was the Chief Minister of the state's first JD-S-BJP coalition government in 2006-07. "They are raking up an 11-year-old case. It is political vendetta," he said. Though state Revenue Principal Secretary Gangaram Baderia was arrested on May ...

BENGALURU    -    Yes, you read that right. After the pre-monsoon showers that relieved the IT city, Bengalureans are now facing trouble due to a one-of-its-own-kind of snowfall. It's not the usual snowfall which delights people and cools the environment, but the toxic and chemical kinds which has created chaos on the city's Whitefield Main Road. The showers in the city have led to foaming of the Varthur lake once again, this time bringing the foam right on to the roads, troubling people in commuting. Commuters faced trouble while managing traffic on Saturday and Sunday as the foamy goop billowed on the road from the lake. Adding to the woes is the unbearable stink coming from the froth. READ THIS: Sachin: A Billion Dreams: A glorified account of an over-glorified celeb The pictures and videos of the pathetic state have been posted by the locals on social media, with many criticising the civic bodies for the utter disorder. Howev...

Initial production of a small number of iPhone has started in Bengaluru The US-based technology major Apple has started selling iPhones at select stores in the country that were assembled in India as part of its trial run. "Apple is selling iPhone SE in India at select stores. These phones were assembled in India on trial basis in limited quantities," an industry source told PTI. Apple did not comment on the development. The technology major a couple of days back had said that it was "beginning initial production of a small number of iPhone SE in Bengaluru". Read this: Here are rates of all the items as fixed by GST Council "The high-end India-made iPhones (iPhone SE) have already hit the Indian market. These have been on sale from May 2 onwards," another source said. A picture shared by the source showed details of the iPhone SE with 32GB storage capacity with 'Designed by Apple in California, Assembled in India' ...

State-owned power equipment maker BHEL on Tuesday said it has won Rs 233 crore order for a steam and power generation package from Ramagundam Fertilizers and Chemicals Ltd (RFCL). "Valued at Rs 233 crore, the order has been placed on BHEL for setting up the package at RFCL's fertilizer plant at Ramagundam in Telangana," BHEL said in a press statement. The scope of the contract includes design, manufacture and commissioning of a 32.5 MW Gas Turbine, 125 TPH Heat Recovery Steam Generator, 85 TPH Utility Boiler and Balance of Plant (BoP) Package along with associated auxiliaries on Lumpsum Turnkey (LSTK) basis. Read this: CPEC master plan revealed: It's all about Chinese penetration into Pakistan The equipment for this package will be supplied by the BHEL's manufacturing units at Hyderabad, Vizag, Bhopal, Jhansi, Bengaluru, Trichy and Chennai. The erection and commissioning of the project will be undertaken by the company's Power Sector...

The launcher would enable Isro to place satellites weighing more than 4 tonnes in orbit Indian Space Research Organisation (Isro) plans to undertake next month the first developmental flight of “game-changer” rocket, which can carry satellites weighing 4 tonnes into space from Sriharikota spaceport in Andhra Pradesh, according to Chairman A S Kiran Kumar. Currently, the space agency’s geosynchronous satellite launch vehicle (GSLV MK-2) can carry satellites weighing only 2.2 tonnes and depends on international launches to orbit satellites heavier than that. ALSO READ : ISRO set for 1st developmental flight of 'game-changer' rocket The satellite is scheduled to be launched during first quarter of 2017 by GSLV-Mk III-D1 launch vehicle from SDSC SHAR, Sriharikota. The launcher would carry GSAT-19 satellite which has a mass of 3,200 kg. It is a three-stage vehicle with solid, liquid and cryogenic stages respectively. Why is this launch so important? 1. Once...

India’s largest information technology (IT) services firm Tata Consultancy Services is likely to report “sustained” growth numbers for the fourth quarter of 2016 financial year continuing the momentum from Q3. After second largest software exporter Infosys’ forecast for a sluggish growth in FY18 at 6.5 to 8.5 per cent, TCS commentary on business will indicate how the Indian IT industry sail through challenges such as protectionism, stricter visa norms in the US and automation. TCS surprised the streets in October-December quarter with nearly 11 per cent growth in net profit to Rs 6,778 crore on a year-on-year basis and 2.9 per cent growth on a sequential basis. Revenues were up by 8.7 per cent at Rs 29,735 crore year-on-year and grew 1.5 per cent quarter-on-quarter. Estimates of key brokerage firms suggest revenue growth of the company should range between 4.4 and 5.4 per cent year-on-year basis, while it is expected to grow between 1.5 to 2 per cent on sequential basis in Q4 in c...

Royal Challengers Bangalore  (RCB) have received a major boost as their skipper Virat Kohli has been declared fit and will make a return in the side's next Indian Premier League (IPL) clash against Mumbai Indians to be held in Bengaluru on Friday. The 28-year-old was forced to miss the initial matches of the tournament due to a right shoulder injury which he sustained while putting in a dive on the first day of the drawn third Test against Australia in Ranchi. However, the Board of Control for Cricket in India (BCCI) Medical Team now confirmed that Indian Cricket Team and RCB captain Kohli has regained match fitness. ALSO READ :  IPL is the best tournament to challenge yourself, says Gujarat Lions' Andrew Tye "The Indian Captain had undergone rehabilitation after sustaining an injury to his right shoulder and has now recovered to be able to participate in VIVO IPL 2017," the BCCI said. RCB will be waiting with baited breath for Kohli's return as they...