BHEL on Thursday said it has inked a pact with South Korean firm NANO Co Ltd for design and manufacture of emission controlling devices for coal-based power plants.

The Technology Collaboration Agreement (TCA) with NANO Co is for design and manufacture of SCR Catalysts for De-NOx application in coal-fired plants, BHEL said in a statement.

Olympic Bronze medallist Saina Nehwal's run in the Malaysia Open ended with a straight-game loss to Japan's Akane Yamaguchi in the women's singles competition of the USD 700,000 world tour super 750 tournament at Kuala Lumpur on Thursday.

The former world no 1 Saina went down 15-21 13-21 to world no 2 Yamaguchi in 36 minutes at the Axiata Arena in Bukit Jalil, a suburb in Kuala Lumpur.

The saying, or at least the sentiment, sounds familiar in any language: “Shirtsleeves to shirtsleeves in three generations.”

The adage is often attributed to Andrew Carnegie, but the notion that family wealth ends up squandered travels far. “Stable to stars to stable,” an Italian version goes. “From paddy to paddy in three generations,” runs the Chinese saying.

Shares of smallcap companies continue to be under pressure with the S&P BSE Smallcap index hitting nine-month low, down for the fourth straight trading day on the BSE on Thursday.

At 11:40 am; the S&P BSE Smallcap index was down 1% at 15,808, as compared to 0.25% decline in the S&P BSE Sensex. The smallcap index hit an intra-day low of 15,806, its lowest level since September 28, 2017, as global trade war concerns between US and other major economies and weak rupee dampened the sentiments.

Mumbai: ICICI Bank Ltd issued hundreds of letters of credit (LCs) to entities related to its troubled corporate borrowers to help them avoid loan default, a whistleblower complaint said, pre-empting the need to set aside money for non-performing assets (NPAs).

Banks often extend loans to debt-laden companies to help them repay previous loans, a practice known as evergreening. This buys time to run down bad loans slowly so the companies can earn their way out of trouble.

The below-cost pricing in the telecom sector continues to take its toll, with the industry’s adjusted gross revenue (AGR) declining 7.4% Q-o-Q and 12.6% Y-o-Y to Rs 35,697 crore during the January-March quarter of 2018, which is also the industry’s worst performance in the last five years.

According to Trai’s latest revenue collection numbers for the period, even though the gross revenue (GR) rose 1.82% Q-o-Q to `62,198 crore, it fell 1.76% on a year-on-year basis.

GMR-Megawide, a 40:60 joint venture between Indian airport operator GMR and the Philippines’ Megawide, is all set to welcome airlines and passengers at its newly-constructed Terminal 2 (T2), the international terminal of the Mactan Cebu International Airport (MCIA), from July 1.

The $600-million project is part of the first ‘airport resort’ in the world that GMR-Megawide has been managing since 2015 after winning the concession agreement.

A Securities and Exchange Board (Sebi) order saying the 10-year loan advanced in 2009 by Vishvapradhan Commercial private (VCPL) to NDTV’s promoters was ‘not a normal investment transaction’ and that the primary purpose of the loan was to acquire the shares of NDTV, sent the television broadcasters stock soaring on Wednesday.

KOLKATA: Aashirvaad atta, Sunfeast cookies, and Bingo snacks are helping cement ITC’s credentials on the Indian packaged foods leaderboard, helping the segment log about half the annual sales of the conglomerate’s traditional mainstay — cigarettes.

At the tobacco products-FMCG-hotels major, which just published its annual report, the branded packaged food business made up 22.1% of the net turnover in FY18, compared with the 46% contribution from cigarettes, which also had a far higher base.

The rupee collapsed to a lifetime low of 69.10 against the US dollar by plunging 49 paise in early trade today as rising crude oil prices deepened concerns about the country's current account deficit and inflation dynamics.

Consistent dollar demand from banks and importers, mainly oil refiners, following higher crude oil prices kept the rupee under pressure.

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