Mumbai: Tata Consultany Services (TCS) on Monday said it had bagged a five-year deal from Marks & Spencer to help the British retail giant to become a "digital first" business.

The development comes just two days after the country's largest IT services firm won its largest contract - a $2-billion deal from US insurance group Transamerica.

Mumbai: Shares of HDFC on Monday soared above 6 per cent with its market capitalisation zooming over Rs 17,300 crore as investors cheered the company's fund raising plans.

On the BSE, the shares of the country's largest housing finance company hit a record high during intra-day trades.

New Delhi: The Telecom Regulatory Authority of India’s (Trai) decision to reduce the international call termination charge from 53 paise a minute to 30 paise a minute will crimp the earnings of Bharti Airtel Ltd, Idea Cellular Ltd and Vodafone India Ltd, analysts said.

The move will also impact newcomer Reliance Jio Infocomm Ltd, which was advocating a cut.

The benchmark BSE Sensex rose by 92 points to 34,936.03 in early tradeon continued buying by investors driven by encouraging quarterly earnings amid a firm trend in other Asian bourses.

The 30-share index, which gained 410.44 points in the previous three sessions, rose further by 92.52 points, or 0.26 %, at 34,936.03.

Infosys has doled out 95% of variable pay to its employees for the third quarter of the current fiscal, which is its highest in the last nine quarters. In the current scenario when salary hikes for IT professionals have come down to single digits, this is good news for employees of Infosys. Infosys chief operating officer UB Pravin Rao said, “Our decent performance in quarter three has enabled us to pay the highest level of variable payout for the last nine quarters to our employees.

Ford Motor Co’s plan to double its electrified vehicle spending is part of an investment tsunami in batteries and electric cars by global automakers that now totals $90 billion and is still growing, a Reuters analysis shows. That money is pouring in to a tiny sector that amounts to less than 1 percent of the 90 million vehicles sold each year and where Elon Musk’s Tesla Inc, with sales of only three models totaling just over 100,000 vehicles in 2017, was a dominant player.

Though the situation of coal stocks at power plants is believed to have improved with the seasonal fall in electricity demand with the advent of winter, state-run power generation behemoth NTPC has flagged fuel shortage at a number of its plants. In a letter dated January 12 addressed to the secretary of the power ministry, Gurdeep Singh, CMD, NTPC, said the supply shortage “is leading to generation loss on account of coal”. Cumulative generation loss at the power plants of NTPC and its joint ventures reached 10.6 billion units (BU), the letter, seen by FE, said.

Mumbai: State Bank of India is set to sell a large chunk of its education loan portfolio that has turned sour to clean up its retail loan book, which is currently the fastest growing segment.

The lender has invited bids from asset reconstruction companies (ARCs) for an education loan portfolio amounting to Rs 382 crore that was given to 20,891 students. "These are loans which were disbursed many years ago and have turned into non-performing loans (NPAs).

KOLKATA: Coal India's new pricing policy, which involves selling coal on the basis of total energy content in each consignment, is expected to bring down cost of power generation that would be passed on to consumers, said executives from the company.

"Under the new policy, prices of seven grades have been reduced," CIL chairman Gopal Singh told ET. "In some cases, prices have been reduced even to the extent of Rs 162 per tonne compared with present coal price chart. It would make power generation cheaper."

India will break up its debt-burdened flag carrier into four separate companies and offer to sell at least 51 per cent in each of them as part of a disinvestment proposed by Prime Minister Narendra Modi.

The core airline business comprising Air India and Air India Express — the low-cost overseas arm — will be offered as one company, and the process will be completed by the end of 2018, Junior Aviation Minister Jayant Sinha said in an interview Monday.

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