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TCS trades firm ahead of Q2 results

TCS trades firm ahead of Q2 results

Tata Consultancy Services (TCS) was trading 2% higher at Rs 2,510 on the BSE in an otherwise subdued market ahead of July-September quarter (Q2FY18) results on Thursday, October 12, 2017.

Since July 13, 2017, post April-June (Q1FY18) results, the stock was marginally up by 0.63% against 0.35% decline in the benchmark S&P BSE Sensex till Tuesday.

Coal India signs wage pact with unions

Coal India signs wage pact with unions

Calcutta, Oct. 10: Coal India has signed a five-year wage agreement with its workers' unions, which will have an estimated impact of Rs 5,667 crore annually on the public sector miner.

The "Memorandum of Agreement for National Coal Wage Agreement-X has been signed on October 10 for a period of five years from July 1, 2016 to June 30, 2021", Coal India said in a filing to the BSE today.

Supreme Court says sexual relations between man and minor wife is rape

Supreme Court says sexual relations between man and minor wife is rape

New Delhi: In a landmark ruling, the Supreme Court on Wednesday criminalised sexual relations between a man and his minor wife under the offence of rape. This move will go a long way in discouraging the prevalent practice of child marriage in India.

In a concurring judgment, passed by justices Madan B. Lokur and Deepak Gupta, the court read down the provision of the Indian Penal Code (IPC) which exempted marital rape in case of minors. The earlier age of 15 years has now been modified to 18 years for claiming exemption under the amended rape provisions.

Wow! Idea, Airtel offer 1 GB data per day, unlimited calling for 84 days in this new plan

Wow! Idea, Airtel offer 1 GB data per day, unlimited calling for 84 days in this new plan

There was a time when Diwali was about buying new clothes, jewellery, home appliances etc. Various offline and online market places tried to lure the customers by offering some unbelievable deals and discounts. This year the trend has changed. Diwali is no more about buying new clothes or eating good food, this year it’s about getting the best mobile plan as well. From Idea, Airtel, Jio and others, virtually all the heavyweights are providing attractive offers and unlimited calling at throwaway prices.

Not just Nano, every Tata car is making losses says Tata Sons Chairman N Chandrasekaran

Not just Nano, every Tata car is making losses says Tata Sons Chairman N Chandrasekaran

Tata Motors' recent increase in domestic sales and the success of cars like Tata Tiago and Tata Tigor has indeed helped Tata Motors to come back on postive growth trajectory but is still away from being a profit making entity for Tata Sons. The company is losing money on every passenger vehilcle that's being manufactured. In an interview to Economic Times, N Chandrasekaran, Chairman, Tata Sons accepted that every single car in the company is losing money and its not just Tata Nano.

GMR Hyderabad International Airport to start $300 mn-$350 mn bond issue roadshows

GMR Hyderabad International Airport to start $300 mn-$350 mn bond issue roadshows

GMR Hyderabad International Airport (GHIAL) will commence roadshows for its $300-350 million dollar bond issue beginning Wednesday in New York, London, Hong Kong and Singapore, sources aware of the matter have confirmed with FE.

“It will be a 144A issue and the tenure of the bond is likely to be 10 years. The issue will be a high yield,” a banker aware of the deal said. A 144A issue is a deal in which US investors can also take part.

Sensex above 32,000; Nifty crosses 10,000; Airtel, Axis Bank, Reliance Industries surge 1%

Sensex above 32,000; Nifty crosses 10,000; Airtel, Axis Bank, Reliance Industries surge 1%

Indian equity benchmark Sensex opened at 31,975, and soon rose to cross 32,000-mark on Wednesday morning, tracking positive domestic cues such as the GST revamp and positive earnings expectations. Nifty also opened above the 5 digit figure of 10,000 points.

Rise in the Sensex was mainly boosted by Bharti Airtel, Axis Bank, Reliance Industries and M&M which surged by more than 1% each.

At Infosys, a new training program modeled on flight school

At Infosys, a new training program modeled on flight school

When Infosys set out to remake its internal training program, instructors visited flight schools to see how professional pilots are taught to deal with fast-changing situations. That led India’s outsourcing giant to model classes on flight simulators that teach recruits to work faster, think for themselves and anticipate corporate customers’ needs. They’re put through multiple scenarios, and no two training days are alike.

Volvo starts local assembly of its cars in India

Volvo starts local assembly of its cars in India

Mumbai: Volvo Auto India Pvt. Ltd has commenced local assembly operations of its models in India, the India arm of the Swedish luxury carmaker said on Tuesday.

It has started assembling the XC90, a premium SUV, and has plans to assemble more models, including the S90 sedan and XC 60 SUV, Charles Frump, the newly appointed managing director of India operations said in an interview.

Bank of Baroda to raise Rs 1,650 cr from bonds

Bank of Baroda to raise Rs 1,650 cr from bonds

State-owned lender Bank of Baroda (BoB) today said it proposes to raise up to Rs 1,650 crore from Additional Tier-I (AT-1) bonds to fund business expansion. Finance committee of the bank today approved issuance of AT-1 capital bonds compliant with Basel III capital norms of Reserve Bank of India for minimum amount of Rs 500 crore with green shoe option, total issuance not to exceed Rs 1,650 crore in one or multiple issuance, BoB said. This is within overall board approved limit of Rs 3,000 crore for AT-1 bonds, it said in a filing on stock exchanges.

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