Govt mulls selling 3% stake in GAIL to raise Rs 1,800 cr

New Delhi

The government plans to sell 3% stake in state-owned gas utility GAIL India which could fetch over Rs 1,800 crore to the exchequer. Finance Ministry has moved a draft Cabinet note for inter-ministerial consultations for selling over 3.80 crore shares. PTI

New Delhi

Etios wins JD Power’s most dependable car award

Toyota Etios has won the most dependable car in its segment in the JD Power Asia Pacific 2015 India Vehicle Dependability Study. Rajiv Sharma, GM (sales), Toyota, said while most of carmakers were focusing on a sub-4 metre model to save on excise duty, Toyota introduced Etios to fulfil the needs and specifications of customers in India. TNS

New Delhi

IDFC Bank to start lending services from October 1

IDFC Bank will kick-start its lending operations from October 1, 2015. The transfer of business to the new bank should coincide with commencement of banking business, IDFC said. PTI

Chandigarh

AppsDaily offers complete protection for mobiles

Mobile application development firm AppsDaily Solutions has introduced its latest offering ‘Mobile Protection’. It allows the users locate their lost or stolen device through GPS tracking and by remotely monitoring the activities on the phone. TNS