GMR Infrastructure Ltd’s two main businesses of energy and airports are still not out of the woods. The company’s shares have fallen by 13% since its March quarter results were declared five days ago.

Investors were unimpressed by the auditor’s qualification of a 2,255 crore impairment loss on a stranded power project. Even GMR Infra’s defence that the project has been referred for Special Debt Restructuring, and the onus is now on the bankers, did not help.

Extending its post-RBI policy rally, the BSE Sensex spurted 208 points in opening trade on widespread buying, with banking, metal and realty sectors leading the gains.

The benchmark had rallied 276 points on Wednesday after the RBI hiked the policy rate after a four-year pause on inflation concerns but maintained its neutral stance.

It was a typical day to mark the release of a Rajinikanth film. Rajinikanth fans across the country thronged to theatres that were playing his latest blockbuster Kaala. Barring Karnataka where the movie has not been released due to the Cauvery issue and the actor's statements, other places witnessed what many call organised mayhem.

Tata Consultancy Services (TCS) has given 20,000 job offers to fresh graduates and another 4,000 to non-freshers this year, a top executive said on Wednesday, even as hiring of engineers by the information technology (IT) industry is expected to decline in the coming years. Around 70 per cent of those offered jobs are expected to join the company — a trend seen in the previous years too.

His online marketplace might be the most visited shopping site in India, but for Jeff Bezos, founder and chief executive officer of technology giant Amazon, it is still Day 1 in the second most important market for the company outside the US. From talking about how Alexa, its cloud-based voice service, plays devotional songs in local Indian languages to Amazon India working closely with communities in rural areas, Bezos tried to ascertain that the online marketplace had now become part of the culture in the country and had adapted all its services and offerings accordingly.

At a time when most analysts see margin pressure on domestic IT firms due to increased onshore hiring, Infosys on Wednesday said that the company expects hiring of fresh graduates in the US to its workforce to aid its profit margins, at least in the short-term.

As a part of its localization drive, the Bengaluru-based company, during the past 12 months, have added 4,000 engineers in the US, and is looking at hiring 6,000 more by 2021.

The Union Cabinet chaired by Prime Minister Narendra Modi has approved the continuation of the Polar Satellite Launch Vehicle and Geosynchronous Satellite Launch Vehicle Mark-III programmes, worth more than Rs 100 billion.

The cabinet also gave its nod for the funding of thirty PSLV operational flights under the Programme.

BSNL has reportedly introduced new broadband plans to attract more customers and retain the existing ones as the onslaught by Airtel keeps growing and before Jio commercially launched the Jio Fiber broadband services in the country. The state-run telco is now offering four new broadband tiers with daily data limits with speeds of up to 20Mbps.

With an aim to provide impetus to early-stage startups, markets regulator Sebi has increased the maximum investment limit by angel funds in venture capital undertakings to Rs 10 crore from the current Rs 5 crore. In this fast changing ecosystem, wherein angels are investing much higher amounts, such increase is needed to provide more opportunities to angel funds, industry experts believe.

NEW DELHI: Markets perked up on Wednesday, as value buying set in ahead of a decision on monetary policy by the Reserve Bank of India (RBI) where it is widely expected to keep benchmark interest rates on hold.

An increasing number of economists expect the central bank to raise interest rates, a Reuters poll showed, but most still think it will stay put and use this week’s meeting to prepare for a rate increase in August.

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.