TopNews

New Delhi: After using its cash to help new promoter raise stake in the company, Cairn India has loaned out USD 1.25 billion to Vedanta Group, leading to its stock dropping by the most in five years.

Cairn, which has already disbursed USD 800 million out of the total loan of USD 1.25 billion, made the loan disclosure after analysts raised doubts on utilisation of cash reserves.

Its spokesperson said, "the loan has been extended for two years at floating rate of 3 percent plus LIBOR after requisite approvals, which is significantly higher than comparable rates being received on fixed deposits of same tenor."

Colombo, July 24 : Former skipper Mahela Jayawardene unbeaten 140 helped Sri Lanka to end Day One of the second Test against South Africa on a healthy 305 for the loss of five wickets.

At the end of the day's play at the Sinhalese Sports Club, Jayawardene walked off to a huge applause after scoring his 34th Test century, while giving some hope to his Sri Lankan team mates of putting up a healthy and challenging total for the Proteas.

It was Jayawardene's 11th Test hundred at his home ground, and extended his lead at the top of the list for most Test runs scored at a single venue.

New Delhi: Glenmark Pharmaceuticals Thursday reported 43.7 percent jump in consolidated net profit at Rs 184.8 crore for the first quarter ended June 30, 2014.

The company had posted net profit of Rs 128.6 crore in the same quarter of the previous year.

Consolidated net sales of the company rose by 19.38 percent to Rs 1,477.8 crore during the quarter under review, as against Rs 1,237.8 crore in the same period of previous fiscal, Glenmark Pharma said in a BSE filing.

New Delhi: Drug firm Pfizer Thursday reported 3.10 percent decline in net profit at Rs 46.15 crore

Mumbai: Gold prices declined further at the bullion market here Thursday due to weak demand from jewellery stockists as well as consistent selling by investors amid sluggish overseas sentiment.

Silver also drifted down on speculative unwinding coupled with lack of industrial buying support.

Standard gold (99.5 purity) dropped by Rs 135 to end at Rs 27,810 per 10 grams from overnight level of Rs 27,945.

Pure gold (99.9 purity) shed Rs 140 to end at Rs 27,955 per 10 grams compared to Rs 28,095 previously.

Silver (.999 fineness) fell by Rs 145 to finish at Rs 45,450 per kg from Wednesday's level of Rs 45,595.

Washington, July 24 : Researchers have recently raised questions regarding Voyager 1 not reaching in the interstellar space, after it was announced in 2012 that the spacecraft has traveled further from Earth than any other manmade object.

Some scientists have said that the spacecraft was still within the heliosphere, the region of space dominated by the Sun and its wind of energetic particles and has not yet reached the space between the stars. However, two Voyager team scientists have developed a test that claimed could prove once and for all if Voyager 1 has crossed the boundary.