Cyber Warriors (Chinese Cyber Threat)

When will China emerge as a military threat to the U.S.? In most respects the answer is: not anytime soon—China doesn’t even contemplate a time it might challenge America directly. But one significant threat already exists: cyberwar.

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Tata Motors to hike prices of commercial vehicles by 2%

Tata Motors will increase prices of its commercial vehicles by up to 2% on account of the new emission norms that will be implemented from April

Tata Motors Ltd on Tuesday said that it will increase prices of its commercial vehicles by up to 2% on account of the new emission norms that will be implemented from April, reports PTI.

"Prices can go up by 1%-2% of the total vehicle cost. New emission norms require new technologies, therefore the prices will have to go up," Tata Motors president for commercial vehicles Ravi Pisharody told reporters in New Delhi.

Passenger cars and commercial vehicles will switch to Bharat Stage IV emission norms in 13 cities, while the rest of the country will become Bharat Stage III compliant.

However, the company's managing director for India operations PM Telang declined to comment on the quantum of increase on passenger vehicles and said, "There will be an increase in prices of passenger vehicles but I cannot comment further right now."

Another commercial vehicle maker Ashok Leyland Ltd too has announced a price hike of up to 15% for its vehicles before the new emission norms come into effect.
 

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SAT adjourns hearing on Pyramid Saimira case

SAT has adjourned the hearing on the Pyramid Saimira petition to 30th March

A two-member bench  of the Securities Appellate Tribunal (SAT) on Tuesday adjourned the hearing on the Pyramid Saimira Theatre Ltd (PSTL) petition, challenging an order of the Securities and Exchange Board of India (SEBI) that debarred it from trading in the markets for seven years, to 30th March.

The Chennai-based entertainment chain operator was banned from accessing the capital markets by SEBI last November following irregularities in its initial public offering (IPO) during 2006.

The market regulator had restrained PSTL from dealing in securities in any manner whatsoever or accessing the securities market directly or indirectly.

SEBI had found that during the IPO, PSTL allotted 98.5% of shares reserved under the employee category to seven persons who were not its employees and sold the same and made collective profits of Rs2.31 crore.
 

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