Depicting a sturdy financial profile, the country’s largest bank — the State Bank of India — posted a net profit of Rs 838 crore in the fourth quarter of 2019 (Q4FY19) on higher interest income and sharp drop in provisions for bad loans.

SBI had posted a loss of Rs 7,718 crore in the fourth quarter of FY18.

United States President Donald Trump has ordered his top officials to begin the process to raise tariffs on almost all the imports from China, US Trade Representative Robert Lighthizer said Friday.

This amounts to about $ 300 billion. This is in addition to the Chinese imports worth $200 billion on which Trump increased the import duty from 10 per cent to 25 per cent, beginning Friday.

Engineering and construction major Larsen & Toubro (L&T) reported on Friday its net profit rose 8 per cent to Rs 3,418 crore in the March quarter (Q4) of FY2018-19 year-on-year, according to a filing with the Bombay Stock Exchange (BSE).

The Board of Directors has recommended for the approval of shareholders, a dividend of Rs 18 per equity share.

Broadcast regulator TRAI Friday said it is examining possible solutions for achieving TV Set-Top-Box (STB) interoperability, and expects to make headway with industry involvement by the end of this year. The move assumes significance since consumers get tied down to their service providers, as STBs are bound to the operator. When a consumer wants to change the service provider, they are forced to invest in a new STB, adding to the cost burden. Besides, STBs of old service providers remain unused, and ends up as electronic waste. Telecom Regulatory Authority of India (TRAI),

State Bank of India (SBI) on Friday reported standalone net profit at Rs 838.4 crore for the March quarter of the financial year 2018-19 (FY19). The state-owned lender had posted a loss of Rs 7,711.17 crore in the year-ago period. Net interest income (NII) during the quarter came in at Rs 22,954 crore, up 15 per cent on year-on-year (YoY) basis.

Bajaj Auto Friday said it has launched a new version of its Avenger Street 160 model equipped with anti-lock braking system (ABS) priced at Rs 82,253 (ex-Showroom Delhi).

The new Avenger Street 160 has a single channel ABS along with a roadster design headlamp with LED DRLs, new graphics with larger insignia, black alloy wheels and rubberised rear grab, Bajaj Auto said in a statement.

Domestic equity benchmarks BSE Sensex and NSE Nifty were trading on a choppy note early Friday amid uncertainty over US-China trade deal and continued foreign fund outflow.

After opening over 150 points higher, the 30-share index turned cautious and fell 17.32 points, or 0.15 per cent, to 37,541.59. The broader NSE Nifty was trading below the 11,300 level at 11,285.75.

Amazon tycoon Jeff Bezos said on Thursday he’s going to send a spaceship to the moon, joining a resurgence of lunar interest half a century after people first set foot there.

Mr. Bezos said his space company Blue Origin will land a robotic ship the size of a small house, capable of carrying four rovers and using a newly designed rocket engine and souped-up rockets.

The country’s largest carmaker Maruti Suzuki India on Thursday said it has slashed its vehicle production by around 10% across its factories in April. This is the company’s third consecutive month of taking a production cut. It had also reduced production in February and March this year.

The company produced a total of 1,47,669 units in April, down 9.6% from 163,368 units a year ago, it said in a regulatory filing.

Insolvent DC Industrial Plant Services (DCIPS) has been given a window in getting handed over as a going concern with West Bengal Power Development Corporation (WBPDCL) and NTPC continuing to renew its old contract beyond the stipulated time frame. DCIPS, already a negative networth company, cannot participate in fresh tenders, since it would not match the financial criteria that an open tender would demand.

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