Indigenous telecom equipment manufacturer Vihaan Network Limited (VNL) bagged Rs. 1648 crore telecom infrastructure project of state-owned Bharat Sanchar Nigam Ltd for providing connectivity in over 4000 villages in remote areas of Arunachal Pradesh and Assam. This project is part of the Rs. 5,336.18 crore worth comprehensive telecom development plan for the North-Eastern Region (NER) comprising eight states which was approved by the Union Cabinet in September 2014.

The Indian Oil Corporation (IOC) plans to build a new oil terminal at Motihari in Bihar to supply fuel to neighbour Nepal through the planned pipeline up to Amlekganj in Nepal. The old terminal at Raxaul, also in the same Indian state, will be closed, according to an IOC official.In August 2015, the Indian and Nepalese governments signed a memorandum of understanding (MoU) for a product pipeline, and subsequently IOC and Nepal Oil Corporation entered into a MoU for laying down of the pipeline by the Indian company.

Sahara chief Subrata Roy on Thursday said that he would pay Rs 1,500 crore in the SEBI-Sahara account on or before June 15.

Roy's undertaking came during the hearing of a case involving him and the Securities and Exchange Board of India (SEBI) over a dispute of returning money to its investors.

HDFC Bank hit a new high of Rs 1,567 on BSE have seen it market capitalisation (m-cap) crossing Rs 4-lakh crore.

At 2:53 pm; the stock of private sector lender was trading 1% higher at Rs 1,564, extending its 8% surge in past seven trading sessions after reported a healthy set of numbers for the quarter ended March 31, 2017 (Q4FY17) recording strong growth in net interest income (NII) and improvement in operating parameters. The S&P BSE Sensex was up 2.4% in past eight trading sessions since April 17.

Private sector lender Kotak Mahindra Bank’s consolidated net profit increased by 33% to Rs 1,404 crore for the January-March 2017 quarter from Rs 1,055 crore a year ago on the back of higher net interest income, fees and commissions.

Net interest income, the difference between interest earned and interest expended, increased by 17% to Rs 2,890 crore. Other income that includes fees, commission etc also increased to Rs 4,299 crore as compared to Rs 2,593 crore in the same quarter last year.

Two- and three-wheeler maker TVS Motor Company closed FY 2016-17 with a total revenue of Rs 13,363.43 crore and net profit of Rs 558.08 crore, the company said.

In a statement issued here, TVS Motor said it earned a revenue of Rs 13,363.43 crore last fiscal, up from Rs 12,194.77 crore posted during the previous year.

Mumbai: The BSE’s benchmark Sensex index closed above the 30,000 mark for the first time on Wednesday, riding a worldwide stock rally fuelled by central-bank asset buying. Experts advised investors against irrational exuberance, saying underlying fundamentals hadn’t changed; few expect the liquidity-driven rally to stop.

The Sensex rose 190.11 points, or 0.63%, higher to close at 30,133.35 points. This follows the 50-share Nifty’s record closing above 9,300 points on Tuesday. On Wednesday, the Nifty climbed 0.49% to close at 9,351.85.

Mumbai: Axis Bank Ltd Wednesday reported a 43% decline in net profit in the March quarter from a year ago as the private sector lender raised provisions for bad loans.

The Rs1,225.10 crore net profit compares with Rs2,154.28 crore posted a year ago, and Rs579.57 crore seen in the December quarter.

Country’s largest carmaker Maruti Suzuki India on Thursday reported 15.8 per cent rise in net profit to Rs. 1,709 crore for the fourth quarter of last fiscal ended March 31.

The company had posted net profit of Rs. 1,476.2 crore in the January-March period of previous fiscal, 2015-16, MSI said in a statement.

Microsoft Corp said this week it had wrongly reported that a sharp increase in U.S. government surveillance requests took place during the first half of 2016, revising its official numbers to show the amount remained flat over previous intervals. Microsoft on April 13 released its biannual transparency report stating the company received between 1,000 and 1,499 U.S. surveillance orders under the Foreign Intelligence Surveillance Act (FISA) for user content between January and June of 2016.

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