Telecom Minister Manoj Sinha on Friday said there is no proposal to merge state-run telecomcompanies Bharat Sanchar Nigam (BSNL) and Ma hanagar Telephone Nigam (MTNL). “There is no proposal to merge BSNL and MTNL. We had appointed a consultant to revive MTNL, who has given some recommendations.

Commercial vehicle major Ashok Leyland has posted a growth of 40 per cent in net profit at Rs 6.67 billion during the quarter ended March 31, 2018, beating the analyst estimates of around 38 per cent growth.

The net profit for the same period last year was Rs 4.76 billion, on a standalone basis. The total income grew by 23.79 per cent during the quarter, to Rs 88.30 billion as compared to Rs 71.33 billion a year ago.

NTPC Ltd, the largest power producer, is looking to minimise its stranded asset risk while accelerating the integration of renewable energy generation capacity. The strategy is a win-win situation for NTPC shareholders, the government, electricity consumers, distribution companies (discoms), and the environment, says a report by US-based Institute for Energy Economics & Financial Analysis (IEEFA).

Two-wheeler major Bajaj Auto on Friday said its consolidated net profit increased 36.32 per cent to Rs 11.75 billion for March quarter, driven by robust sales across segments.

The company had reported a net profit of Rs 8.62 billion during January-March, 2016-17.

Bharat Petroleum Corporation Ltd (BPCL), a maharatna PSU, aims to commission the LPG bottling unit at Balangir, its second in Odisha, by March 2020.

The new bottling unit is being built at a cost of Rs 1.03 billion. The facility is to be spread over 23 acres at Barkhani village, around 12 km from the Bolangir railway station.

Mumbai: Even when the market rose 6.65% in April, mutual funds’ top stock sales in the month in the large-cap space included software exporter Tata Consultancy Services Ltd (TCS), private lender ICICI Bank Ltd. and supermarket chain Avenue Supermarts Ltd.

Mutual funds invested a net of Rs9,435.64 crore in Indian equities in April, data from Securities and Exchange Board of India (Sebi) showed.

New Delhi: Japanese carmaker Suzuki Motor Corp. plans to expand production capacity by as many as 2.5 million cars a year in the decade to 2030 as it lays the groundwork to maintain its dominance in India, where it sells one in two cars.

The capacity expansion, the biggest ever planned by Suzuki or its local unit in India, will be divided into two phases, two people aware of the plans said, requesting anonymity. Suzuki will first expand its Gujarat plant by adding capacity to make 750,000 cars starting 2020.

Rs 199 Jio offer impact: After billionaire Mukesh Ambani-run telecom player Reliance Jio launched a new postpaid plan at Rs 199, global brokerage firm CLSA has cut its revenue estimates for Bharti Airtel and Idea-Vodafone. According to the firm, there is risk of Jio’s latest post paid plan on the incumbents. Earlier this month, Reliance launched a new postpaid plan at Rs 199 offering 25GB of data and unlimited voice and SMS.

Diversified consumer goods maker Hindustan Unilever (HUL) on Thursday briefly became the country’s fourth-largest company in terms of market capitalisation (m-cap), edging past cigarettes-to-soaps major ITC for the first time in 13 years. Since 2005, ITC’s market capitalisation had always been higher than that of HUL.

In a move that may lead to a considerable decline in Mumbai Metro project cost, the state government has asked for a rebate from the contractors handling the project following a change in tax rate under the goods and services tax (GST).

Under the new indirect tax regime, the GST on construction cost has been reduced to 12% from 18% earlier.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.