The economy would have grown under-6 per cent in the third quarter, battered by the note ban, according to SBI Research. The Government will release the December quarter GDP print on February 28. “We expect the GDP growth to be decisively lower than 6 per cent in Q3 at 5.8 per cent and 6.4 per cent in Q4. Overall, our estimate for H2 is 6.1 per cent with a downward bias against CSO’s 7 per cent and the fiscal 2017 growth at 6.6 per cent,” SBI Research said in a report.

The Udaipur bypass road project, awarded to MBL Infrastructures under the hybrid annuity model (HAM), has been cancelled by the National Highways Authority of India (NHAI), the company said on a recent analysts call. The project was awarded in late June last year at a bid amount of R7,790 crore, 24% higher than NHAI’s bid project cost of R6,261 crore. There were eight bidders for the project and MBL Infrastructures had emerged as the lowest bidder.

Farmers in Andhra Pradesh will soon be producing electricity apart from growing crops. The State Energy Department is set to launch the scheme ‘Solar Farming’, the first-of-its-kind in the country, under which existing pump sets will be replaced with energy- efficient solar pump sets that will enable generation of power. After utilising the power required for drawing water to his field, the farmer could pump the remaining energy into the grid and thereby earn income.

Wipro's consumer care and lighting business will expand its range of products to detergents, energy drinks and fabric conditioners, intensifying competition in sectors dominated by global giants Hindustan Unilever and Procter & Gamble.

"The focus will be on cross leveraging of assets. With backend integration, we will enter newer categories under existing brands, with existing formulations, manufacturing and supply," Wipro Consumer chief executive Vineet Agrawal said.

Air India and SpiceJet came out with offers, including free tickets, to attract more fliers as the airlines look to increase seat occupancy amid stiff competition.

While Air India is giving one ticket free for every booking in First Class and Business Class, SpiceJet would be offering tickets priced as low as Rs 777 on select routes.

Rahul Sikka, Larsen and Toubro's Vice President and Head Africa Power Transmission and Distribution, has welcomed the decision to manufacture in Uganda with Indian skills and expertise, saying the local population needs to be empowered for long-term goals.

"I have been informed by my team in India that the Government of Uganda actually came to India to source an organisation that could provide vocational skills. L&T has nine CSTIs i.e. Construction Skills Training Institutes (CSTI) and we have been shortlisted by the Ugandan Government and this is not known to everybody because it is still just happening. So, we will be providing the Vocational Skills Training and we believe very strongly that's the way to go," Sikka said in an exclusive interview.

Microsoft has become the first global information technology company to adopt Aadhaar, the Indian citizen identification, as an identity tool for LinkedIn, the professional networking site.

And, for Skype Lite, its video conferencing interface, as it tries to tap the growing number of Indian users without direct e-mail access.

Vodafone India and Idea Cellular will likely sell 15-20% equity stake to private equity firms in the combined entity after the proposed merger of the two companies, in order to deleverage the balance sheet and raise much-needed cash for running operations in a hypercompetitive environment, CNBC TV18 reported citing unidentified sources.

Both the companies may end up owning 51% stake in the merged company, just enough to retain majority control, CNBC TV18 said. The combined entity will have an overall debt of over Rs 1 lakh crore.

WASHINGTON: The US government today issued a sweeping set of orders that implement President Donald Trump's plan to increase immigration enforcement, placing the nation's 11 million undocumented immigrants at risk of deportation.

"The Department no longer will exempt classes or categories of removable aliens from potential enforcement," the Department of Homeland Security said in an enforcement memo.

Amid ongoing concerns over fake currency notes entering India from across the border, a State Bank of India (SBI) ATM in New Delhi's Sangam Vihar has dispensed fake Rs 2000 notes, reported Hindustan Times.

The development comes less than a week after the Border Security Force (BSF) seized 100 fake Rs 2,000 currency notes from Malda district in West Bengal, making it the biggest such haul from the Indo-Bangla border region post demonetization.

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