GMR Infrastructure Limited (GIL) announced execution of resolution plan for its stressed GMR Rajahmundry Energy Limited (GREL) – 768 MW gas-fired power plant in Andhra Pradesh. The company informed the exchanges on Friday morning that it has paid a portion of the sustainable debt of the project.

Bharat Heavy Electricals Limited (BHEL) has successfully commissioned the first two pumping units (116 MW each) of the 7x116 MW Kaleshwaram Lift Irrigation Scheme (LIS) Package-6 in Telangana. Significantly, the pump for each unit is designed to lift 89.16 cumecs (cubic metres per second) of water by 105.5 metres.

Regulator TRAI plans to ask telecom operator Bharti Airtel to cough up additional details on segmented or concessional offerings it made to customers and will insist that information furnished adheres to its ’prescribed format’, a source said.

The Telecom Regulatory Authority of India (TRAI) had last month asked operators to submit information on concessional offers dished out between April 2018 and March 2019, and while Bharti Airtel has shared some details, Vodafone Idea sought two more weeks to submit the same.

Tata Motors on Thursday reported a 20 per cent decline in total sales during April at 42,577 units as compared with 53,511 units in the same month last year.

The company’s passenger vehicle sales in the domestic market declined by 26 per cent to 12,694 units last month as compared with 17,235 units in April 2018.

Mumbai: The benchmark BSE Sensex rose over 100 points on Friday led by gains in banking and auto stocks amid sustained foreign fund inflow and easing crude prices.

The 30-share index was trading 107.81 points, or 0.28 per cent, higher at 39,089.24. Similarly, the NSE Nifty up 22.45 points, or 0.91 per cent, at 11,747.20.

Mumbai: Sebi’s investigation into the NSE co-location scam has found that there was serious misuse of confidential and price sensitive data provided by the NSE to Ajay Shah for creating the Liquidity Index (LIX).

Sebi has held that Shah—a senior academic with the government think-tank National Institute of Public Finance and Policy —along with his sister-in-law and an NSE official,

Mumbai: Air India has cautioned its employees of "appropriate action" if they interact with the media without prior authorisation in writing from the airline chief, according to a communication.

In the communication dated April 30, the airline said there have been instances where employees have interacted with the media or posted videos in uniform in Air India aircraft,

IT services major Wipro Thursday sought shareholders' nod for its up to ₹10,500 crore share buyback offer.

The company also sought shareholders' approval for the appointment former SBI chairperson Arundhati Bhattacharya as an independent director on its board.

With the extremely severe cyclonic storm Fani expected to cross the Odisha coast between Gopalpur and Chandbali, south of Puri town, on Friday morning, the State government on Thursday evacuated over 11 lakh people from low-lying areas in 15 districts.

The ministry of electronics and IT (MeitY) is exploring the option of verifying users’ profile on social media platforms such as Facebook,

WhatsApp and Twitter through their mobile numbers, which it feels could help check fake accounts that indulge in anti-social activities like spreading dubious information and propaganda.

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