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No plans on absorbing fuel prices: BPCL

No plans on absorbing fuel prices: BPCL

Mumbai: The Bharat Petroleum Corporation Limited (BPCL) on Tuesday said that it has no plans to absorb the rising fuel prices, adding that no communication has been received from the central government on the same.

Addressing media post the firm's Annual General Meeting, BPCL Chairman and Managing Director D. Rajkumar said, "There's no communication from the (central) government whatsoever at this point in time to absorb the prices.

Tata Motors stock slips 3 pc as JLR chief issues 'no-deal' Brexit warning

Tata Motors stock slips 3 pc as JLR chief issues 'no-deal' Brexit warning

New Delhi: Shares of Tata Motors on Wednesday slipped as much as three per cent in morning trade on bourses after the Jaguar Land Rover (JLR) issued a warning to the UK government of massive losses if Britain was to leave the European Union (EU).

JLR CEO Ralf Speth, who was speaking at the Zero Emission Vehicle Summit in Birmingham, on Tuesday said that fears of a so-called "no-deal" Brexit and lack of clarity over Britain's post-Brexit plans threatens the UK-based luxury carmaker's entire operational set up.

Hiring picks up at TCS, Infosys, Cognizant, Wipro and HCL Tech

Hiring picks up at TCS, Infosys, Cognizant, Wipro and HCL Tech

New Delhi: The top five software services providers operating in India added 24,047 people in the first quarter of this fiscal, compared with the 13,772 net additions in the previous fiscal, leading many experts to believe that the industry is set to record the fastest growth in three years. The turnaround in the pace of hiring at Tata Consultancy Services Ltd (TCS), Cognizant Technology Solutions Corp.,

Essar steel bid: Arcelor to pay dues only after SC order

Essar steel bid: Arcelor to pay dues only after SC order

ArcelorMittal, one of the bidders for the bankrupt Essar Steel, which was asked by the National Company Law Appellate Tribunal (NCLAT) to clear dues of Rs 7,000 crore of firms it was previously associated with by September 11 to be eligible to bid, did not pay up on Tuesday. The company will wait for a direction from the Supreme Court that it moved on Monday challenging the appellate tribunal’s order.

Tata Power Solar launches rooftop solutions in Mumbai

Tata Power Solar launches rooftop solutions in Mumbai

Tata Power Solar, a subsidiary of Tata Power, on Monday launched its residential rooftop solution in Mumbai, a few days after the firm had launched its services in Delhi. The company is looking at pan-India launches of its rooftop solutions with the next launches likely to be in cities like Ajmer and Pune. The launch in Ajmer is likely to be in the first week of October. The company claims that the residential rooftop solution can help a customer save Rs 50,000 annually for 25 years.

CIL plans expansion, begins talks with Bangladesh for coal exploration

CIL plans expansion, begins talks with Bangladesh for coal exploration

Keen to expand its footprint across the border, Coal India (CIL) has initiated talks with Barapukuria Coal Mining Company (BCMC), Bangladesh’s sole coal producer, to help it explore coal mines as well as set up new projects.

BCMC is a subsidiary of the Bangladesh government-owned Petrobangla, with extremely limited mining capability. “We have visited Bangladesh and spoken to this company’s as well as Petrobangla's top executives.

Samsung opens world's largest mobile experience centre in Bengaluru

Samsung opens world's largest mobile experience centre in Bengaluru

After launching the world's largest mobile phone-manufacturing factory in Noida in July, Samsung has now opened its biggest experience centre in Bengaluru.

Opera House, the 33,000 sq ft iconic building in the city’s central business district, has been given a facelift to showcase Samsung's mobile devices and other consumer electronic products. It has a service centre for phones and is equipped with high-speed public Wi-Fi.

Paytm's losses rise by almost 80% on the back of massive expansion plans

Paytm's losses rise by almost 80% on the back of massive expansion plans

One97 Communications, which owns fintech major Paytm, had an almost 80 per cent increase in its losses during 2017-18, amounting to Rs 16 billion.

This was on the back of massive expansion plans for its payments bank, online marketplace Paytm Mall and a new mutual fund (MF) business, Paytm Money, according to the company’s annual report.

Dharmendra Pradhan seeks quick nod for NTPC's power project in Odisha

Dharmendra Pradhan seeks quick nod for NTPC's power project in Odisha

Miffed with the delay in approval for NTPC's 1,320 Mw power project in Odisha, Union Minister for Petroleum and Natural Gas Dharmendra Pradhan on Tuesday urged Odisha Chief Minister Naveen Patnaik to intervene for its quick approval.

Power major NTPC proposed to set up an additional state-of-the-art, latest environmental norms-compliant power station of 1,320 Mw at the existing plant in Talcher.

Yes Bank raises USD 400 million through syndicated loan facility

Yes Bank raises USD 400 million through syndicated loan facility

New Delhi: Private sector lender Yes Bank Tuesday said it has raised USD 400 million (approx Rs 2,894 crore) through syndicated loan facility, borrowed out of its IFSC Banking Unit (IBU) in Gujarat International Finance Tec City (GIFT).

The bank said this amount will be utilised to support the IBU's growing business.

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