Shares of Garden Reach Shipbuilders & Engineers surged over 10 percent to reach an all-time high of Rs 2,309 apiece on July 1, following the announcement of a contract to construct an advanced ocean-going tug for the government of Bangladesh.So far this year, shares of Garden Reach surged over 163 percent, as compared to a 10 percent rise in the benchmark Nifty 50 index.The company announced that ...

Infosys founder NR Narayana Murthy was bang on when he said at the company’s 40-year celebrations earlier this week that his earlier decision to not allow the children of founders or the next generation of promoters to work at Infosys was wrong. As a result none of the founders’ children have worked for Infosys in the past 40 years, though Rohan Murty had a short stint at the company as his...

At least 10 people were killed and several others injured Thursday when a fire swept through cramped lodgings of foreign workers in the Maldives capital Male, the fire service said. A security official said the dead included nine Indians and a Bangladesh national.Officials said 10 bodies were recovered from the upper floor of a building destroyed in the fire, which originated from a ground-floor v...

When India got independence, cities like Bangalore were not metro cities. They were just like any other city and the population was equally distributed. Just the difference was in education institutes. People were attracted to the cities like Bangalore as they had a variety of options for educationHowever, later on, a drastic change happened that brought a revolution in India. Cities like Bangalor...

Electricity supply across Bangladesh has been restored after the South Asian country plunged into a blackout following the failure of its national power grid, officials said. The blackout, which impacted much of the country, started at 2.05 pm on Tuesday and lasted for nearly seven hours before power was completely restored at 9 p.m. It was not immediately clear what caused the glitch.Many large s...