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IRB Infra dips 14% after NHAI explores new developer for Mumbai-Pune e-way

IRB Infra dips 14% after NHAI explores new developer for Mumbai-Pune e-way

Shares of IRB Infrastructure skid 14 per cent on the BSE, to hit an over 5-year low of Rs 90 apiece, dragged by heavy selling pressure. The heavy sale volume was witnessed after a news report said the National Highways Authority of India (NHAI) was planning to find a new operator for the Mumbai-Pune Expressway afer the company’s agreement ends in August.

Trump launches 2020 reelection campaign, calling US 'envy of the world'

Trump launches 2020 reelection campaign, calling US 'envy of the world'

President Donald Trump launched his 2020 reelection campaign Tuesday, whipping up a crowd of at least 20,000 with a nationalist boast about the US economy being the "envy" of the world and warning that opposition Democrats want to "destroy" the country.

Promising the packed arena in Orlando, Florida an "earthquake at the ballot box," Trump said: "We did it once and we're going to do it again -- and this time we're going to finish the job."

Tata Motors launches AMT variants of Tigor; price starts at ₹6.39 lakh

Tata Motors launches AMT variants of Tigor; price starts at ₹6.39 lakh

New Delhi: Tata Motors Monday launched automated manual transmision (AMT) versions of its compact sedan Tigor with price starting at ₹6.39 lakh (ex-showroom Delhi).

The company has introduced two variants under its Tigor AMT range - XMA and XZA , priced at ₹6.39 lakh and ₹7.24 lakh, respectively, Tata Motors said in a statement.

Lucknow makes its first road from plastic waste

Lucknow makes its first road from plastic waste

Several cities in India are finding innovative ways to get rid of the growing menace of plastic. Chennai, Jamshedpur, Pune and Indore found an ingenious way and now Lucknow has joined the bandwagon.

The Lucknow Development Authority (LDA) has started using plastic waste to construct roads as a pilot project. This environment-friendly road is being constructed as a trial from Gomti Nagar Police Station to Indian Institute of Management (IIM) Lucknow.

Pulwama car blast: 2 wounded soldiers die

Pulwama car blast: 2 wounded soldiers die

Two of the around 10 Army personnel injured in a car blast in Pulwama succumbed to their injuries in a Srinagar hospital on June 18.

“Two soldiers, brought to the hospital with severe contusions and concussions, have succumbed to their injuries, while undergoing treatment in the Army’s 92 Base Hospital. We deeply mourn the demise of our bravehearts,” said a Srinagar-based Army spokesman.

Maruti-Toyota tie-up: Analysts seek clarity from Suzuki arm

Maruti-Toyota tie-up: Analysts seek clarity from Suzuki arm

Analysts have raised concerns over Maruti Suzuki not disclosing more details pertaining to the partnership with Toyota, saying that there is a lack of communication and the company needs to be more open about the collaboration and its implications in the medium and near term.

In a letter to Maruti Suzuki CEO Kenichi Ayukawa, investment management and research firm Sanford Bernstein asked for clarity on what is Maruti offering Toyota in terms of pricing arrangements, who manufactures which model eventually and what kind of manufacturing margins will Maruti earn.

BPCL’s investment plan for Mozambique gas field gets approval

BPCL’s investment plan for Mozambique gas field gets approval

A ministerial group headed by home minister Amit Shah has given its nod to Bharat Petroleum Corporation’s (BPCL) plan to invest $2.2-2.4 billion in the Rovuma Offshore Area-1 gas field in Mozambique. The group — including finance minister Nirmala Sitharaman, commerce and railway minister Piyush Goyal, external affairs minister S Jaishankar and petroleum and steel minister Dharmendra Pradhan — had met on June 4 to scrutinise the investment plan, as it is still to be approved by the Cabinet Committee on Economic Affairs (CCEA).

Reliance Jio, Airtel, Vodafone Idea report similar revenue market share

Reliance Jio, Airtel, Vodafone Idea report similar revenue market share

The revenue market share (RMS) of the top three Indian telecom players has reached a state of equilibrium for the first time since the launch of Reliance Jio in September 2016 in the first three months of January-March 2019 quarter. Reliance Jio reported mobile RMS, including access services and national long-distance revenues, of near 31%, Vodafone Idea (VIL) stood at about 31% and Bharti Airtel was a tad above 29%. The remaining is shared among the smaller players.

Loss-making BSNL takes Rs 10,000 cr capex call for 4G play

Loss-making BSNL takes Rs 10,000 cr capex call for 4G play

Notwithstanding the delay in the allotment of 4G spectrum, state-run telecom player BSNL has readied an investment plan of Rs 10,000 crore for the deployment of 4G network.

It has already started offering 4G VoLTE services through its 3G spectrum with new base transceiver stations (BTSs) in all circles where it already offers 3G services.

SBI plans to mop up Rs 5,000-crore debt capital via tier-II bonds

SBI plans to mop up Rs 5,000-crore debt capital via tier-II bonds

State Bank of India (SBI), the country’s largest lender, plans to raise up to Rs 5,000 crore in debt to shore up capital adequacy and support business growth.

The bank will issue Basel III compliant tier-II bonds to raise debt capital.

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