Shares of Vedanta, Bharat Heavy Electricals (BHEL), Grasim Industries, Power Grid Corporation, Reliance Power, Tata Motors, NMDC and Rural Electrification Corporation (REC) were among 22 stocks from the S&P BSE 500 index that hit their respective 52-week low on the BSE in intra-day trade on Thursday.

Essel Propack, Great Eastern Shipping, Greenply Industries, Kajaria Ceramics, Kwality, Mangalore Refinery and Petrochemicals (MRPL), Rajesh Exports and Somany Ceramics, too, hit 52-week low today.

Volvo Cars is just not betting big on hybrid and electric cars globally but has also given some real good thoughts on bringing in hybrid and electric vehicles in India soon. Volvo Cars India confirmed that it will start local assembly of its plug-in hybrid Volvo XC90 Excellence from its Bengaluru plant in order to stay ahead of its target to sell 1 million hybrid/electric cars by 2025 worldwide.

The BSE Sensex fell by 89.35 points to a low of 35,556.05 points during late-morning trade on Thursday following subdued Asian markets. The Nifty of the National Stock Exchange fell by 28 points to a low of 10,741.45 points. Market observers said that along with subdued global cues, a weak rupee and heavy selling in index heavyweights Infosys, Tata Motors, Vedanta, Tata Steel Bharti Airtel — which fell more than 1% on the Sensex — dented investors’ risk-taking appetite.

Reliance Jio fared poorly in the Telecom Regulatory Authority of India’s (Trai) quality of service (QoS) norms which require a telco’s customer care centre to answer consumer complaints within a stipulated time.

Jio’s performance on this count has been found wanting for two successive quarters — October-December 2017 and January-March 2018 — as it did not meet the laid down criteria across all the 22 circles.

Essar Oil UK, the operator of Stanlow refinery, reported a 4.2% year-on-year fall in net profit for FY18 to $161 million, while earnings before interest, tax, depreciation and amortisation (Ebitda) fell 4.2% to $300 million on account of planned shutdown of the refinery for two-and-a half months. The shutdown also impacted the throughput that fell 20.9% to 7.19 MMTPA.

NEW DELHI: Hindustan Petroleum Corporation Limited (HPCL) may use a mix of shares, cash and oil bonds to pay for acquiring and merging Mangalore Refinery and Petrochemicals Ltd (MRPL) with itself, according to people familiar with the merger plan that’s in the works.

The final nature of the deal and the payment plan will be worked out once the boards of HPCL and MRPL approve the proposal to merge.

The government has decided to "wait and watch" for the next three-four months before taking a call on disinvestment of national carrier Air India due to prevalent market condition specially high fuel prices, Union Minister Nitin Gadkari said today.

The government's proposed stake sale in Air India failed to attract any initial bidder when the deadline for bidding ended on May 31.

Reliance IndustriesNSE 0.43 % chairman Mukesh Ambani addressed the company's 41st annual general meeting (AGM) at Birla Matushri Sabhagar in Mumbai.

The oil-to-telecom conglomerate continued with its trend of making big announcements related to its telecom arm Jio. In its previous AGM, the company had announced the launch of Jio phone.

Lenders to Essar Steel feel that ArcelorMittal, “a serious and credible resolution applicant”, has displayed “a genuine intention and taken concrete steps” by attempting to clear overdues in defaulting firms whereit was a shareholder.

This was stated by ArcelorMittal, with reference to the documents presented in the NCLAT on Wednesday.

After deploying Wi-Fi at 400 railway stations, infotech giant Google is taking its Google Station project outside India to other countries, including Indonesia and Mexico. Sources mention Southeast Asia, Latin America and some other countries in this sub-continent.

The company is also in talks with multiple companies for deployment of the public Wi-Fi in India. In 2015, it had collaborated with RailTel for free Wi-Fi at 400 stations.

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