After dismal order flows of less than Rs2,000 crore each in the first two quarters of the current fiscal year, the country’s largest public sector power equipment maker Bharat Heavy Electricals Ltd (Bhel), sprung a pleasant surprise with order flows of about Rs12,000 crore in the December quarter. Even better, it matched analysts’ revenue and profit expectations.

State Bank of India (SBI) will go in for full-fledged deployment of blockchain in its reconciliation, remittances and trade finance operations in FY19, a senior executive at the bank said. The move is expected to lower the costs associated with the three functions by about 40-50%. Mrutyunjay Mahapatra, deputy managing director and chief information officer at SBI, told FE that while it will take some time to evolve a system-wide framework for deployment of blockchain in banking, initial adoption of the technology will happen at the level of individual banks.

New Delhi: A city bus that Ashok Leyland has just unveiled could help attract the focus again to battery swapping, a cheaper method to operate electric vehicles provided there is infrastructure to replace their power cells frequently. The 'Circuit S', which Ashok Leyland is showcasing at the ongoing Auto Expo 2018, is cheaper to buy as well as operate, compared with other electric buses, the Hinduja Group company claimed. Its vehilce has just one lithium ion battery, compared with a pack of cells in other electric city buses.

KOLKATA: Renewable energy will start replacing coal-fired power as solar tariffs are poised to fall below Rs 2 per unit in seven years and storage costs fall, while cheaper international supply can lead to imports of 20 million tonnes, posing a big challenge to domestic suppliers, a document issued by Coal India says.

The country's largest car firm Maruti Suzuki on Thursday launched the third generation version of its popular model Swift with price starting at Rs 4.99 lakh. The new model comes with an introduction of auto gear shift technology.

Swift, available in both petrol and diesel, has been priced between Rs 4.99 lakh to Rs 7.29 lakh for petrol manual version, and Rs 5.99 lakh and Rs 8.29 lakh for diesel manual variant.

With Nasdaq, Nikkei and other global indices suffering heavy losses, BSE started 500 points down on Friday Morning.

At opening trade, Sensex opened 526 points down and Nifty started 177.50 points in the red. At 9.50 AM, Sensex has recovered partially, still down by 458 points (-1.32%). Nikkei is currently down 629 points. Similarly Hang Seng has seen heavy selling with index tumbling 3%, over 1000 points.

Luxury car maker Mercedes has told the Indian government to act cautiously while formulating the policies related to electric vehicles (EV) or else it may cause job losses like the ones in Europe.

Also, the company added that if the government drops the cess on luxury cars or reduces it, it could result in doubling of volumes in the near future.

Contrary to popular belief that Air India made a turnaround under the current National Democratic Alliance government, figures show that its loss widened instead. According to figures provided in Parliament by minister of state for civil aviation Jayant Sinha, the state-owned carrier registered a loss of Rs 57.65 billion in FY17, Rs 19.29 billion higher than Rs 38.36 billion loss in FY16.

The figures reflect significant deviation from the minister’s own parliamentary disclosure on July 27, 2017.

Telecom regulator Trai today said it will start independent drive tests from mid-February to assess call drops as well as service quality for voice and data offerings of all mobile operators in Delhi.

The exercise called the Independent Drive Tests (IDTs) will be spread over 18 days and is likely to be completed by mid-March.

Outlook for the Indian information technology (IT) sector is ‘cautiously positive’ in 2018 as challenges remain amidst prospects of greater IT spending with global and US economies improving, industry body Nasscom said. Dismissing speculation about 2018 being a come-back year for the IT sector, the president of the industry body Nasscom (National Association of Software and Services Companies), R Chandrashekhar, said, “That’s the problem, that people proclaim a major revival very quickly.” “Neither was a decline predicted nor a sudden massive revival or change this year,” he told PTI here.

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