TopNews

Washington, Feb 22 : An overheating battery aboard a Boeing 787 Dreamliner that reportedly caused the plane to be grounded recorded temperatures that could easily melt rock.

The faulty power unit generated poured out white smoke due to heat generation that reached a sweltering 660 degrees centigrade, enough to melt minerals.

According to the report, one of the eight lithium-ion cells in the plane's battery system swelled and electrolytic solution was sprayed out, Sky News reported.

Shiv Nadar-led HCL Corp has refuted media reports that the company has plans to exit from its information technology subsidiary HCL Technologies Ltd.

Citing unnamed sources, some media channels recently reported that HCL Founder Shiv Nadar was mulling a plan to sell his stake in HCL Technology for $10 billion.

But the company refuted the reports, saying there was no plan to sell its controlling stake in the information technology service provider.

Australian airline Qantas is widely expected to cut thousands of jobs as part of its desperate move to slash costs by $2 billion over the next three years.

In December last year, Qantas warned it could report a half-year loss of up to $300 million, which could force it to cut a huge number of jobs. At that time, it pegged the potential job cuts at around 1,000 this year.

The Canadian dollar slipped on Friday after official figures showed a considerable month-on-month decline in December retail sales.

According to fresh data released by Statistics Canada, retail sales in December slipped 1.8 per cent from the previous month.  On a seasonally adjusted basis, home furnishings and furniture stores suffered a month-on-month decline of 7.8 per cent in sales; while sales of new cars fell 3.6 per cent in the month under review.

New Delhi, Feb 22 : The Telecom Regulatory Authority of India (TRAI) Saturday recommended auction of CDMA or 800 MHz band airwaves at Rs. 2,685 crore per megahertz reserve price, an official release said here.

The recommendation said the entire available spectrum with the Department of Telecom (DoT) in the 800 MHz band should be put to auction. "The authority recommends that the reserve price for the forthcoming auction of 800 MHz spectrum should be fixed at 80 percent of the average valuation," the recommendation said.