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.

New Delhi: The merged entity of Vodafone India Ltd and Idea Cellular Ltd is likely to face a conflict of interest when it plans to buy tenancies as the two companies have telecom tower operator American Tower Corp. (ATC) as a preferred vendor and at the same time also have stakes in its rival Indus Towers-Bharti Infratel combine.

Contrary to the Centre’s plan to bring down coal imports, industries are seen to be sourcing more coal from foreign countries in FY19, thanks to the unresolved issue of inadequate transport mechanism to ferry the fuel from the mines to the manufacturing plants. “Coal import trend is expected to continue as power, cement and steel industries are expected to witness improvement in demand and capacity utilisation,” CARE Ratings said on Tuesday.

NTPC signed a memorandum of understanding (MoU) to add three more power plants, with a cumulative capacity of 3,470 MW, to its portfolio. The deal would raise NTPC’s independent coal-based power generation capacity to 43,825 MW. The financial details of the transaction were not disclosed.

If you often travel to the United Stated then you are in for a good news. A new airline has entered in the market, which would go light on your pocket. Iceland based low-cost airline Wow Air Ehf is entering India with tickets to US priced at $199 from December 7 onwards.

The benchamrk BSE Sensex on Wednesday fell over 200 points over a possibility of hung house in Karnataka. Besides, the Karnataka factor Surge in US bond yield and weakness in Indian rupee also dragged the indices.

At 9:43 AM, Sensex was down by 256.15 points to trade at 35,282.74 points while Nifty was in red at 10,716.90 points.

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