BENGALURU: Infosys has created a blockchain-based documenttracking system for trade finance and is implementing the solution with seven private banks in the country —Axis Bank, ICICI Bank, IndusInd Bank, Kotak Mahindra Bank, RBL Bank, South Indian Bank and Yes Bank.

NEW DELHI: Regulator Sebi has closed its adjudication proceedings against three group firms of defaulter businessman Vijay Mallya for alleged disclosure lapses in a 17-year-old case citing liquidation of a holding company, but did not rule out any penal action at a later date.

In line with Street estimates, diversified conglomerate ITC Ltd posted a 9.89 per cent rise in its net profit at Rs. 29.33 billion for the quarter ended March 31, 2018, with a total revenue, inclusive of other income, at Rs. 113.30 billion. The net profit during the corresponding quarter of the 2016-17 fiscal year stood at Rs. 26.69 billion, backed by a revenue of Rs. 154.11 billion.

WASHINGTON: NASA's first mini satellites to travel into deep space have beamed back an image of the Earth and the Moon, which appear as a 'pale blue dot' and a tiny white speck floating in space.

NASA set a new distance record for CubeSats on May 8 when a pair of CubeSats - tiny satellites - called Mars Cube One (MarCO) reached one million kilometre from Earth.

HYDERABAD: To implement insurance coverage to the farmers in the state, Telangana chief minister K Chandrasekhar Rao has directed officials to finalize the modalities of the scheme and fix the insurance premium for the famers by holding discussions with life insurance corporation officers.

Disinvestment-bound flag carrier Air India will phase out its remaining three Classic A320 planes, which are nearly three decade old, from the fleet by the end of this year. The airline had in April 2014 announced its plans to retire all 14 single-isle double-bogey wheel planes from its fleet in a phased manner after it decided to induct more fuel-efficient Airbus A320 neo planes into operations.

Global rating agency Fitch on Wednesday affirmed Reliance Industries' long-term foreign-currency rating at BBB-, with a stable outlook.

RIL's rating is supported by its strong business profile, which is driven by its robust refining and petrochemical operations, the agency said in a note.

TVS Motor Company profit grew 30.6 per cent to Rs 1.65 billion in the January-March quarter of 2017-18 from Rs 1.26 billion in the same quarter of 2016-17.

The company has reported a growth of 40.4% with total revenue excluding Excise Duty / GST going up from Rs 284.4 billion in the fourth quarter of 2016-17 to Rs 399.2 billion in the same quarter of 2017-18.

The regulator Trai is seeking details from operators about tariff plans offered by them in all telecom circles, marking the next phase of expansion for its recently-launched beta site that at present allows rate comparison for Delhi and Gujarat circles only.

The Telecom Regulatory Authority of India (Trai) had about a month back unveiled beta version of the portal that ultimately aims to bring on a single platform telecom tariffs being offered by operators and in telecom circles.

NEW DELHI: The Kolkata-based company ITC Ltd is hopefully looking to register year-on-year (YoY) increase of 6.36 percent in its annual net profit to Rs 2,839 crore, as reported by a poll of analysts at Reuters.

The expansion in bottomline could be a result of growth in ITC’s non-cigarette businesses on the back of preferred base and better realisations from cigarettes.

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