State-run BSNL on Friday announced new plans in the price range of Rs 333 to Rs 395, offering daily data usage limit of up to 3 GB, unlimited calling and 90-day validity.

BSNL's new plan, Triple Ace, for mobile customers priced at Rs 333 will offer unlimited data with 3G speed up to 3GB per day and remain valid for 90 days, said a statement issued by the company.

For the second successive quarter, there was a massive drop in HDFC Bank's headcount that came down by over 6,000 to 84,325 owing to increased digitalisation in the March quarter and it expects the trend to continue.

The second largest private lender's senior management hinted this trend of falling staff strength may continue as greater efficiencies set in.

Microsoft on Friday announced new Azure migration tools and resources to help organisations utilise the power of the hybrid cloud.

Hybrid cloud is a computing environment which uses a mix of on-premises, private cloud and third-party public cloud services with orchestration between the two platforms.

Mahindra & Mahindra (M&M) said on Friday its compact SUV KUV100 has crossed the 50,000 units sales milestone, since its launch in January last year.

Launched in a highly competitive segment, the KUV100 has made its presence felt with 50,288 units being sold till date, M&M said in a statement.

MUMBAI: The benchmark BSE Sensex rallied around 162 points in early trade today on widespread gains as investors indulged in widening bets amid firm overseas cues.

The BSE 30-share barometer surged 161.95 points, or 0.55 per cent, to 29,584.34. The gauge had gained 103.29 points in the previous two sessions.

New Delhi: Ahead of Kia Motors’ India entry, its sister company and the country’s second-largest car maker Hyundai Motor India Ltd said both companies will have separate strategies and aggressively compete with each other.

“Kia and Hyundai will be different. Management, operations and network... Everything will be different. Vendors can be shared for cost reduction, but strategy will be different,” Y.K. Koo, managing director of Hyundai India, said in a press briefing.

Ashok Leyland has unsold stock of more than 10,664 units of commercials vehicles compliant to BSIII emission norms, however the loss will not be as big as expected as the brand plans to upgrade the engines for aftermarket sales, the company MD told PTI. The engines of the vehicles will be fitted with with a new intelligent exhaust gas recirculation (iEGR) technology, so as to bring them up to Bharat Stage IV emission standards. The cost of fitting this new tech on the engines will be Rs 20,000.

India’s third largest IT services exporter Wipro has decided to let go its 350-400 employees as part of the appraisal process, which the company termed as a part of plan to align its workforce with business objectives The IT major at the end of third quarter of FY17 had a total headcount of 179,129. It is not clear which divisions of the company will be affected the most.In response to a query from FE, Wipro said, “Wipro undertakes a rigorous performance appraisal process on a regular basis to align its workforce with the business objectives, strategic priorities of the organization, and requirements of our clients.

Engineering major Larsen & Toubro has signed a contract with South Korea’s Hanwha Techwin (HTW) for the supply of self propelled guns for the Indian army. Larsen & Toubro and Hanwha Techwin signed a contract for execution of the 155mm/ 52 cal tracked self propelled gun program for the Indian army, the company said in a BSE filing today.

Larsen was the sole qualified bidder based on the trials and performance of the K9 VAJRA-T gun, customised by L&T with HTW as the technology partner.

HDFC Bank posted an 18.3% rise in net profit in the January-March quarter at Rs 3,990 crore on Friday, beating street estimates.

At Rs 3,990 crore, the bank’s net profit grew 18.3% on higher interest income and income from fees. In the same period last year, HDFC Bank had posted a net profit of Rs 3,374.22 crore.

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