Global research firm CLSA has maintained a buy on the shares of Idea Cellular, despite the telecom major posting its biggest ever quarterly loss in Q3. India’s third-largest telecom company posted a net loss of Rs 1,284.5 crore for the quarter ended 31 December 2017, saying that a ‘sharp’ cut in the call connect charges and tariff war amid the telecom companies hit the earnings. Notably, the shares of Idea Cellular slid to a one-month low after the Aditya Birla group telecom company’s net loss for the October-December period more than tripled.

DETROIT: Hyundai is recalling nearly 88,000 cars in the US because an electrical short in the antilock brake system could cause engine-compartment fires.

The recall affects certain 2006 Sonatas and 2006 through 2011 Azeras.

NEW DELHI: At nine on Tuesday night, residents of Suraj Vihar near Dwarka heard a loud blast that shook the buildings around. When police reached the site of the explosion, they noticed an 8-ft deep ditch. On further examination, the cops realised that it was part of a tunnel leading to a pipeline of the Indian Oil Corporation from where a group was pilfering petrol.

Excessive gas pressure had led to the blast. The cops arrested the kingpin of the racket, Zubair, a scrap dealer from Daryaganj. The other men managed to escape under cover of darkness.

Mumbai based IRB Infrastructure, the investment manager of the IRB Infrastructure Investment Trust (InvIT) Fund declared distribution of Rs 174 crores to its unit holders translating into payout of Rs 3.00 per unit, on Wednesday for the third quarter of FY2018.

With this distribution, for FY2018, the total distribution reaches Rs 7.55 per unit; out of which Rs 5.45 per unit is interest and Rs 2.10 per unit is return of capital.

A man escaped with a head injury when, trying to take a selfie near the tracks, he was hit by a train.

T Siva (25) was trying to take a selfie with a train in the background by standing next to the tracks near the Borabanda station between Begumpet and Lingampalli railway stations on January 21.

Indian information technology giants TCS and Infosys have joined a global drive for tech reskilling of one million workers in the first such IT industry initiative. The exercise, whose founding partners also include Accenture, CA Technologies, Cisco, Cognizant, Hewlett Packard Enterprise (HPE), Pegasystems, PwC, Salesforce, and SAP, aims to bring competitive training content on one platform to serve the greater good.

The initiative will be targeting one million people for training and resource opportunities on the World Economic Forum (WEF) SkillSET portal by January 2021.

Arundhati Bhattacharya, former chairman of State Bank of India (SBI), is the Business Standard Banker of the Year for 2016-17. She was selected by a five-member jury, headed by former economic affairs secretary C M Vasudev, for the bank’s deft handling of the demonetisation rush, battling bad debts but remaining profitable, pushing the financial inclusion agenda through a wide network of its rural and semi-urban branches and, at the same time, catering to tech-savvy customers through cutting-edge digital banking products.

Finance Minister Arun Jaitley on Wednesday addressed a press conference to layout details of the massive bank recapitalisation plan for the public sector banks (PSBs). Jaitley said that the main objective of this flows from the government's responsibility to keep public sector banks in good health.

Department of Financial Services Secretary, Rajeev Kumar also briefed the media at the conference.

Mumbai: The Indian rupee on Wednesday closed stronger against US dollar as foreign institutional investors (FIIs) continued to buy in local equity and debt market.

So far this year, FIIs have bought a combined $2 billion in equity and debt. A bulk of this, nearly $1.23 billion, has come to equity markets and the remaining $714 million to debt markets.

Maruti Suzuki India will showcase a concept electric compact SUV, e-SURVIVOR at the upcoming Auto Expo reiterating its plans to launch an electric vehicle in India in 2020.

The concept will be part of part of the company's over 18 vehicle models on display in ARENA, NEXA and Motorsports zones at its pavilion spread over spread over 4,200 sq mt, Maruti Suzuki India (MSI) said in a statement.

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