Himachal Futuristic Communications Limited (HFCL) on Thursday won optical fibre cable (OFC) orders worth over Rs 500 crore for BharatNet Phase –II Project from Larsen & Toubro (L&T) and a consortium led by ITI.

Order from L&T amounts to Rs 147.73 crore for supply of 16,882 KM OFC which shall be used by L&T for creating OFC Network infrastructure in Andhra Pradesh under BharatNet Phase-II Project.

Uttar Pradesh government has cleared the final decks for the much awaited Indian Oil Corporation’s (IOC) greenfield ethanol plant in Gorakhpur, the pocket borough of chief minister Yogi Adityanath.

While, the government had in October 2018 approved the transfer 50 acres of land to the IOC against differential rent spread over the 30 year lease period,

New Delhi: Starting from today, you have to shell out more to buy Maruti Suzuki cars. India’s largest carmaker has announced a price hike of up to Rs 10,000 for select models, owing to the adverse impact of increase in commodity prices and foreign exchange rates, the company said in a press release.

New Delhi: Bank of Baroda (BoB) will be increasing the minimum quarterly average balance that has to be maintained in its advantage savings account. “With effect from 1 February, 2019 the minimum quarterly average balance in Baroda advantage savings account will be updated,” BoB said in a tweet. For metro, urban and semi-urban branches, the bank has doubled the minimum quarterly average balance. However, there is no change for such accounts in its rural branches.

Benchmark equity indices opened on a choppy note on Thursday as investors turned cautious ahead of quarterly results of key bluechips amid weak Asian cues.

The 30-share Sensex was trading 40.08 points, or 0.11 per cent, lower at 36,172.83.

National carrier Air India’s passenger revenue grew 17% during April-December of the current fiscal due to better aircraft utilisation and rationalisation of routes, chairman and managing director Pradeep Singh Kharola said on Wednesday.

Air India got Rs 15,081 crore from domestic and international ticket sales during April-December 2018 as compared to Rs 12,918 crore in the year-ago period. The passenger count was up 7% y-o-y to 16.13 million in the first three quarters of this fiscal.

Ashok Leyland on Wednesday confirmed that it has bagged orders from IRT (Institute of Road Transport) Chennai, UPSRTC (Uttar Pradesh State Roadways Transport Corporation) and CTU (Chandigarh Transport Undertaking) for manufacturing a total of 2,580 buses. These orders are among the largest from state transport undertakings (STU’s) for a single OEM. All these buses are likely to be dlivered before March 2019.

A section of workers in Hyundai Motor’s Chennai plant held a one-day token hunger strike on Wednesday, as the wage settlement talks with the management were inconclusive.

The permanent workers, under the recognised union, had earlier decided to stay away from over time operations, and alleged the company was using the trainees to substitute skilled workers.

A month later, US-headquartered e-commerce giant Amazon has again witnessed another glitch, this time on its India portal.

Sources in the know said that the glitch was reported internally last and left exposed some of its sellers’ private financial information to other users. Sellers downloading their monthly financial reports (data of their sales through Amazon.in) were served with those of other vendors, leading to a breach of competitive businesses data.

Air India's Chairman and Managing Director Pradeep Singh Kharola said Wednesday the airline has started carrying food from India for use during the journey back to the country, in an attempt to rationalise catering costs on international flights.

The loss-making airline has already started using food items stocked from India during its onward journey to Stockholm, Copenhagen, Birmingham and Madrid, and use them when returning. It has said food items purchased from these foreign cities are much more expensive when compared to Indian cities.

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