Loss-making telecom PSUs Bharat Sanchar Nigam Ltd and MTNL have failed to clear salaries of their 1.98 lakh employees for July in time, a union leader said on Thursday.

While BSNL Chairman and Managing Director P.K. Purwar said that employees will get the July salary on August 5, the union leader said that no information has been shared by the management about the disbursal of the salary.

State-owned Coal India Limited (CIL) has decided to purchase its own rail wagons under the General Purpose Wagon Investment Scheme (GPWIS), a scheme which the railways announced last year in view of boosting up logistics support for general cargo.

Earlier, there were schemes for owning tankers and container wagons to carry special goods like petroleum, oil and other container cargo serving the ports.

Top information technology companies such as TCS, Wipro, Infosys, Tech Mahindra and HCL have told the government that China remains a difficult market to do business in, despite the fact that they have been present in the world’s third-largest IT services market for over a decade now.

In a meeting with commerce and industry minister Piyush Goyal late on Wednesday, the top executives of these companies said market access in China is a nagging issue, thanks to various non-tariff barriers employed by Beijing.

Hinduja group flagship Ashok Leyland Ltd (ALL) has said it has decided to prune costs across verticals to not only stay fit in the volatile market conditions but also maintain its earnings before interest, tax, depreciation and amortisation (Ebitda)/profitable margins at a decent level.

Tyler “Ninja” Blevins, a gaming phenom who draws millions of fans to watch him play via streaming, is jumping to Microsoft Corp.’s Mixer platform.

The move is a blow for Amazon.com Inc.’s Twitch, a rival streaming service where Blevins has dominated viewership over the past two years. At 14.7 million followers, he has more than twice as many as the next-closest streamer. Earlier this year, he set a record of 667,000 viewers watching at once, breaking his own previous record of 628,000.

Chief Minister Raghubar Das on Thursday announced a second gas cylinder refill under Pradhan Mantri Ujjwala Yojana (PMUY) for around 29 lakh women in the state.

"Our government will provide the second refill for gas cyclinders free of cost under Pradhan Mantri Ujjwala Yojana.

India’s gross domestic product (GDP) growth will be 6.5 per cent this year, and accelerated spending is unlikely to happen in the next 18 months, according to A M Naik, chairman of Larsen & Toubro (L&T), the country’s largest engineering conglomerate.

“Growth is going to be not more than 6.5 per cent this year.

Collection from the goods and services tax (GST) was above Rs 1 trillion in July, mainly on account of higher mop-up under the integrated GST.

However, the central and state portions remained subdued, posing a challenge for the revenue target for the financial year.

US President Donald Trump on Thursday said it was up to India and Pakistan to resolve the Kashmir dispute but he was ready to assist if the two South Asian neighbours wanted him to help in resolving the decades-old issue.

Trump was referring to his last week's meeting with Pakistan Prime Minister Imran Khan, wherein he offered to help resolve the Kashmir issue.

Kolkata: The Coal India has decided to procure rail wagons under general purpose wagon investment scheme at an estimated cost of Rs 700 crore.

"The Maharatna PSU's board has given the green signal to procure 40 rakes at nearly Rs 700 crore. One rake comprises 59 wagons. According to a rough estimate, one rake can move 1.4 million tonne of coal per annum," the company said on Thursday.

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