Mumbai: State-run insurer Life Insurance Corporation of India (LIC) booked record equity trading profits of Rs25,000 crore in 2017-18, up from Rs19,000 crore a year ago, said two people aware of the matter.

The state-owned insurer is finalizing its annual accounts and these will be published in May.

Mumbai: The Aditya Birla Group is in talks with buyout firms to sell stakes in promoter entities that control Idea Cellular Ltd to raise more than $1 billion, part of which will be used to pay down regulatory dues of the telecom operator ahead of a merger with Vodafone India Ltd, two people directly aware of the development said.

To help enterprises secure their data and networks against growing cyber attacks, Microsoft has announced new intelligent security tools and technologies for Internet of Things (IoT) and edge devices.

The company introduced “Azure Sphere”, the industry’s first holistic platform to create secured, connected microcontroller unit (MCU) devices on the “intelligent edge”.

Extending its rising streak for the ninth session, the benchmark BSE Sensex advanced nearly 100 points in opening trade today, after forecast of a normal monsoon for the year.

The 30-share barometer was trading higher by 92.66 points, or 0.27 per cent, at 34,398.09, with power, metal, PSU, infrastructure, realty, capital goods and auto sector stocks leading the trend.

Telecom regulator Trai on Monday unveiled beta version of a portal that aims to bring on one platform the telecom tariffs offered by different operators and in different service areas.

The move is expected to provide more transparency and information on multiple tariff offerings by telcos, helping consumers at large.

Mahindra & Mahindra (M&M) has joined the elite club Rs 1-trillion market capitalization (market-cap) on the BSE, as its share price hit an all-time high of Rs 819 in early morning trade on Tuesday.

With the market-cap of Rs 1.01 trillion at 10:00 am; M&M stood at number 30th position in overall market-cap ranking, the BSE data shows. Currently, M&M stood just behind of Tata Motors, which has market-cap of Rs 1.08 trillion (include Tata Motors DVR).

Rashtriya Swayamsevak Sangh (RSS) chief Mohan Bhagwat said on Monday Air India should be handed over to an Indian company and foreign investors should not be allowed to participate in the national carrier’s disinvestment.

“If the problem is that Air India has not been run properly, hand it over to someone who can do it and it should only be an Indian firm,” he said.

Nestlé India has managed to grow volume sales in all its product categories in 2017. While the company has grown its sales over the past few years, except in 2015, an all-round growth has come after years.

As per the annual report of the country’s largest pure-play food and beverages company by revenue, during the calendar year 2017, four big product categories — milk products and nutrition, prepared dishes and cooking aids, powder and liquid beverages and confectionary — grew by volume.

The Oil and Natural Gas Corporation (ONGC) stock has significantly lagged the benchmark S&P BSE Sensex over the past year, even as prices of crude oil, its mainstay, have rallied (see chart). There has been some catching up in the past week, led by improving prospects in the business. If the trend sustains, which seems likely, ONGC’s investors could see good returns.

Gautam Adani-led Adani Ports and Special Economic Zone (APSEZ) has signed a long-term agreement with Indian Oil Corporation (IOC) to provide liquefied natural gas (LNG) regasification services at its upcoming LNG import terminal at Dhamra in Odisha.

According to the contract, IOC has booked 3 million tonne per annum (mtpa) regasification capacity spread over 20 years and IOC plans to supply this gas to its refineries in Paradip in Odisha and Haldia in West Bengal, the company said.

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