Shares of Reliance Communications (RCom) have moved higher by 11% to Rs 15.85 per share on the BSE in noon deal after the company said that the National Company Law Appellate Tribunal (NCLAT) fixed the appeals against the National Company Law Tribunal (NCLT) orders for hearing tomorrow i.e. Tuesday, May 29, 2018.

Bharat Sanchar Nigam (BSNL) feels a merger with MTNL will be positive for both the companies, but there are a few impediments like the latters huge debt and the difference between pay scales which need to be sorted out, a top official has said.

However, there is no specific plan on the merger in the works at present, beyond the appointment of a consultant by the Government.

With coal stock of some power stations in the national capital region falling to an alarming level, Coal India and Railways are rushing coal supplies to Dadri and Badarpur power plants of the NTPC.

A Coal India statement issued tonight said against the linked requirement of seven rakes to these plants, movement of at least 10 rakes are planned to avert the crisis.

Public sector banks have had a nightmare of a quarter and Mumbai-headquartered Bank of Baroda (BoB) was no different. The third largest public sector lender reported a nasty loss of Rs3,102 crore for the fourth quarter of fiscal year 2018, far higher than the most pessimistic expectation of analysts.

World’s cheapest airlines: Even as the low-cost carriers IndiGo and Air India Express make it to the the top five cheapest airlines in the world in providing international connectivity, other Indian carriers Spicejet, Vistara, Go Air etc too find a mention in the domestic list. Most notably, Air India Express, the wholly-owned subsidiary of state-run carrier Air India has been ranked second and the budget carrier IndiGo placed at fifth position in a Global Flight Pricing Report prepared by Melbourne-based Rome2rio — a multimodal travel planning site.

Even in a “runaway Artificial Intelligence (AI)” scenario, robots will not render people completely jobless, Microsoft CEO Satya Nadella told The Sunday Telegraph in an interview.

People will always want a job as it gives them “dignity”, Nadella said, adding that the focus should instead be on applying AI technology ethically.

Indian IT services giant Wipro is "localising more" in the US and more than half of its workforce in the country now consists of locals, the company's Chief Strategy Officer Rishad Premji said asserting that the firm is very committed to the US market.

Premji, who is Member of the Board at Wipro, said Wipro currently has a workforce of over 14,000 employees in the US and 58 % of those are locals.

Larsen & Toubro's construction arm has won orders worth Rs 5,704 crore in domestic market.

"The water and effluent treatment business of L&T Construction has secured orders worth Rs 5,704 crore," the engineering and construction major said in a BSE filing.

Tata Motors and supply-chain management players like Jusda and Arshiya are among the 50-odd companies that have expressed interest in Jawaharlal Nehru Port Trust's (JNPT) land that is now up for auction, sources said.

The plots are being leased out by JNPT for its free trade warehousing zone (FTWZ) and special economic zone (SEZ), the bidding process for which has begun.

NEW DELHI: The Department of Telecommunications (DoT) may clear Idea Cellular’s proposal to increase foreign direct investment (FDI) to 100% in the company within a week, having received all necessary documentation from the Aditya Birla group company and Vodafone India, senior officials said.

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