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Jio impact waning? Airtel, Vodafone Idea arrest revenue slump

Jio impact waning? Airtel, Vodafone Idea arrest revenue slump

It is for the first time that in a quarter, since the launch of Reliance Jio in September 2016, the revenues for Bharti Airtel and Vodafone Idea (VIL) have not declined, when compared sequentially.

Thanks to the move by the incumbents to remove the low Arpu (average revenues per user) customers started in November last year, there has been some recovery in the financial performance of the two companies.

BHEL recruitment 2019: Apply online for 24 engineering posts, check details

BHEL recruitment 2019: Apply online for 24 engineering posts, check details

BHEL recruitment 2019: The Bharat Heavy Electricals Ltd (BHEL) has invited online applications from experienced engineer professionals for the recruitment of managerial posts. BHEL has released a recruitment notification for numerous positions like Manager, Deputy Manager, Senior Manager, Senior Deputy General Manager and Senior Engineers.

Amitabh Bachchan's Twitter account hacked, tweets praise Pakistan

Amitabh Bachchan's Twitter account hacked, tweets praise Pakistan

Megastar Amitabh Bachchan's Twitter account was allegedly hacked on Monday night by Ayyildiz Tim, which claimed to be a Turkish hacker group.

The group replaced Bachchan's profile picture with a photo of Pakistan Prime Minister Imran Khan and also changed the bio, adding "Love Pakistan" and an emoji of the Turkish flag.

BHEL bags order worth Rs 440 cr from NPCIL for nuclear power project in TN

BHEL bags order worth Rs 440 cr from NPCIL for nuclear power project in TN

State-owned BHEL on Tuesday said it has bagged an order worth over Rs 440 crore from Nuclear Power Corporation of India Ltd (NPCIL).

"BHEL has secured an...order for the erection work of the upcoming 2x1000 MWe turbine generator (TG) island units 3 and 4 at Kudankulam Nuclear Power Project in Tamil Nadu being set up with foreign cooperation (Russia)," it said in a statement.

Amazon dethrones Google as top global brand: Survey

Amazon dethrones Google as top global brand: Survey

London: US retail giant Amazon has moved past hi-tech titans Apple and Google to become the world's most valuable brand, a key survey showed on Tuesday.

The brand value of Amazon surged by 52 per cent to USD 315 billion, global market research agency Kantar said in its 2019 100 Top BrandZ report.

Sensex furthers gains for 3rd session on robust global cues

Sensex furthers gains for 3rd session on robust global cues

Mumbai: Rising for a third straight session, the BSE benchmark Sensex on Tuesday added another 166 points on the back of strong buying in banking, metal and energy stocks amid positive global cues.

After rallying nearly 300 points during the day, the BSE gauge settled 165.94 points, or 0.42 per cent, higher at 39,950.46. The index hit an intra-day high of 40,066.31 and a low of 40,066.31.

Pressure on ONGC to steer clear of Farzad

Pressure on ONGC to steer clear of Farzad

ONGC Videsh, the overseas arm of state-owned explorer ONGC, is unlikely to go ahead with its investments in Iran’s Farzad-B gas block because of the US sanctions on the Islamic nation.

Tehran has indicated that it could come out with a licensing round for the development of the field by an Iranian contractor if the Indian firm does not enter into an agreement soon.

Moody’s places Yes Bank under review for downgrade; here’s what weighs on private lender

Moody’s places Yes Bank under review for downgrade; here’s what weighs on private lender

Rating agency Moody’s on Tuesday placed Yes Bank under review for downgrade, owing to the private-sector lender’s exposure to weak companies in the financial sector. The ongoing liquidity pressure on the country’s finance companies is likely to impact credit profile, the rating agency also said in a note. The private sector lender has ‘sizeable exposure’ to weaker non banking financial companies (NBFCs), it added.

Facebook to unveil new versions of Portal video chat devices this autumn

Facebook to unveil new versions of Portal video chat devices this autumn

Facebook Inc plans to release new versions of its Portal video chatting devices this autumn, the company’s vice president of AR/VR, Andrew Bosworth, said during an interview at the Code Conference in Scottsdale, Arizona.”We have a lot more that we’re going to unveil later in this fall, new form factors that we’re going to be shipping,” Bosworth said of the new devices.

Maruti cuts output for 4th straight month in May

Maruti cuts output for 4th straight month in May

In a reflection of how weak consumer demand is, Maruti said it had cut production by over 18% year-on-year (y-o-y) in May, the fourth consecutive month in which it trimmed output. Despatches to dealers had fallen by 24% y-o-y, among the steepest monthly declines in at least seven years.

Market watchers said demand had flagged due to the increased prices of cars resulting from rising insurance premiums and hikes taken by manufacturers for new safety features.

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