Reliance Infrastructure (RInfra) has emerged as the lowest bidder for a project tendered by NTPC related to flue gas de-sulphurisation (FGD) works for its 1,500 MW (3 x 500 MW) power plant in Jhajjar, Haryana. According to sources, RInfra is the lowest bidder with the order value of the project being expected to be around Rs 567 crore. A spokesperson for RInfra declined to comment on the development, saying the company has lodged bids for EPC projects across various sub-segments within the infrastructure domain.

Keen on mobilising funds to accelerate the pace of highway construction, the National Highways Authority of India (NHAI) will tap the capital market in early FY19 through a few subsidiaries that would be created. Being an authority, it cannot have an initial public offer (IPO) on its own.

“We are now thinking of forming subsidiaries. The process might start early in the next financial year,” NHAI chairman Deepak Kumar told FE.

NEW DELHI: The telecom regulator may reduce the international termination rate (ITR) -- a charge paid by international operators to local networks that receive calls --by almost half from the current rate of 53 paise a minute, a move that would deal a body blow to India's top telcos Bharti Airtel, Vodafone India and Idea Cellular which receive bulk of the international calls on their network.

The Indian Space Research Organisation's (ISRO) on Friday launched its 100th satellite along with 30 others in a single mission from the space port of Sriharikota.

The 42nd flight of India's Polar Satellite Launch Vehicle (PSLV-C40) carrying the 710-kg Cartosat-2 series satellite took off from the Satish Dhawan Space Centre (SDSC) SHAR, Sriharikota.

Infosys Technologies, the country’s second-largest software services firm, is scheduled to report its earnings for the September-December quarter on Friday. This quarterly earnings report of the company will be keenly watched for the guidance it gives under its new chief executive officer (CEO) Salil Parekh.

If terms of earnings, if analyst estimates are anything to go by, Infosys’ third-quarter show could be rather tepid.

Tata Consultancy Services (TCS) on Thursday announced that it has entered into an agreement with Transamerica, a leading provider of life insurance, retirement and investment solutions, to enable the transformation of administration of its U. S. insurance and annuity business lines.

The partnership enables Transamerica to rapidly enhance its digital capabilities, simplify the service of more than 10 million policies into a single integrated modern platform, and drive greater sustainable growth opportunities through superior customer experiences.

The audit profession is a divided lot when it comes to reacting to the Securities and Exchange Board of India’s (Sebi’s) order barring Price Waterhouse (PW) network firms from the audit of listed entities for a period of two years. Most chartered accountants and audit professionals were of the view that Sebi’s order was “harsh” and a financial penalty would have sufficed to send a strong message to the errant firm.

“The situation is akin to shutting down an entire hospital for one errant operation by a doctor,” said a chartered accountant at an Indian firm that is part of a foreign network.

New Delhi, Jan 11 Country's largest lender State Bank of India (SBI) plans to raise Rs 20,000 crore through long term bonds to fund affordable housing.

SBI had earlier proposed to raise Rs 5,000 crore for the purpose.

Shares of India’s largest IT company Tata Consultancy Services were trading in the negative territory on Thursday ahead of the third quarter earnings of the IT bellwether which will be out in a couple of hours. The stock of Tata Consultancy Services was trading down by 0.6% on both BSE and NSE on Thursday. At the time of writing, the share price of TCS was down 0.62% at Rs 2,789.8 on BSE while the stock was trading 0.56% lower at Rs 2,790.9 on NSE. In the morning trades, TCS shares along with 3 other major IT firms hit a 52-week high.

Hyundai Motor Co said on Thursday it had invested in Singapore-based ride-hailing firm Grab, in the South Korean automaker's first foray into the rapidly growing sector as it tries to diversify following a sales slump in China.

Grab has expanded to eight Southeast Asian countries and has said it is the biggest operator in the region's third-party taxi hailing and private-vehicle hailing sector.

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