State-owned power generator NTPC’s profit in FY18 slipped by 1.9% from last year to Rs 10,501.5 crore, notwithstanding a 7% rise in revenue to Rs 88,083 crore in the same period, as its finance costs in the fiscal went up by 21% to Rs 4,434.6 crore. The company was also affected by under-recovery of about Rs 800 crore on account of fuel shortage at several of its generating stations, underscoring the ongoing issue of coal scarcity at power plants across the country.

Amazon Wholesale India — the business-to-business (B2B) division of e-commerce firm Amazon India — posted a net profit of Rs 2.8 crore for the year ended March 2017 against a net loss of Rs 23.2 crore in the preceding year, according to filings with Registrar of Companies (RoC) and documents sourced by data intelligence platform Paper.VC. Revenue from operations increased to Rs 7,047.3 crore in FY17 from just Rs 2.6 crore in FY16.

The department of telecommunications (DoT) will hold deliberations on Wednesday with stakeholders, including Trai, on standards and regulatory issues related to the launch of 5G services in the country. The day-long meet will see participation from telecom secretary Aruna Sundararajan as well as senior officials from the DoT. Besides Trai, the event will see participation from telecom operators body COAI and equipment makers Ericsson and Nokia.

MUMBAI: India’s largest hospital chain Apollo, Dubai-based Aster DM and Bengaluru-based Narayan Health in partnership with the Piramal group have emerged as the early bidders for the acquisition of the assets of Seven Hills hospitals. Some of these players have put in their expression of interest with the resolution professional for possession of the two hospitals that are in Mumbai and Vishakhapatnam, according to people directly involved in the bidding process.

Sudha Balakrishnan, former vice-president of National Securities Depository Ltd (NSDL) will be appointed as Reserve Bank of India’s (RBI) first chief financial officer.

A RBI spokesperson confirmed the development.

The stock markets extended gains on Monday as investor sentiment improved following a 6 per cent slump in global oil prices.

Gaining for the third day, the Sensex ended at 35,165.5, up 241 points, or 0.7 per cent. The Nifty rose 83.5 points, or 0.8 per cent, to 10.688.7. Both the indices have rebounded 2.5 per cent in the last three trading sessions. In the preceding week, they had dropped 3.4 per cent each amid a sharp uptick in oil prices and drop in the rupee’s value against the dollar.

Engineering conglomerate Larsen & Toubro (L&T) reported a 5 per cent year-on-year increase in its consolidated profit after tax (PAT) at Rs 31.70 billion for the quarter ended March 2018 on improved operational performance, surpassing the Bloomberg consensus estimate of Rs 29.95 billion. The company, which beat its revised guidance for order inflow in the last financial year, remains optimistic of a promising year ahead for new orders.

Rajesh Goel, senior vice-president and director (sales & marketing) at Honda Cars India, wants to keep the new Amaze away from buyers in the taxi- and fleet-segments.

In a similar way, Tata Motors has discouraged sales of the two latest cars — the Tigor and Tiago — to the taxi segment. Carmakers have turned cautious and no longer want to drive personal-segment buyers away from a product in their pursuit of commercial sales.

While you may not get confirmed berths each time you book a train ticket, you can find out if your ticket stands a chance of being confirmed thanks to a new predictive service on the IRCTC website, officials said on Monday. At midnight, the new and refurbished IRCTC website went live; and now, it will let Indian Railways passengers know the probability of confirmation of wait-listed tickets based on a new algorithm developed by the Centre for Railway Information Systems (CRIS).

President Donald Trump and Japanese Prime Minister Shinzo Abe on Tuesday agreed that it is "imperative" to completely dismantle North Korea's nuclear weapons and ballistic missile program, the White House said.

During a telephone call, the pair "discussed recent developments in North Korea and confirmed they would meet again to continue close coordination in advance of the expected meeting between the United States and North Korea," a statement read.

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