We believe better deal win rates have improved the outlook for banking & financial services (excluding RBS impact), telecom and utility verticals. However, H2FY17 outlook continues to be weaker than H1FY17, both in terms of revenue and margin. Nevertheless, we expect CY17 outlook to improve on better client satisfaction, strong deal wins and reduced geopolitical uncertainty. We continue to see guidance (both cc revenue and margin outlook) as conservative. Maintain Outperformer.

It took long but automobile major M&M has brought its South Korean subsidiary, SsangYong, on the road to financial turnaround.

SsangYong, acquired by the Indian utility vehicle and tractor major for Rs 2,100 crore in 2010, has reported a net profit of 23 billion South Korean won (Rs 128 crore) during the nine months ended September — the first time since 2007. In 2015 (Jan-Dec), the loss was 61.9 billion won.

The country’s largest lender, State Bank of India (SBI), is in talks with Microsoft to utilise technology that will enable digital banking in rural areas with little access to telecom networks.

Microsoft’s India-born Chief Executive Officer Satya Nadella is looking at the country as a major market to implement its so-called “white space” and “wide area WiFi or Wide-Fi” technologies — a concept that taps unutilised spectrum of television stations and cable TV network for internet access.

NEW DELHI: Larsen & Toubro (L&T) today said its construction arm has bagged orders worth Rs 3,039 crore across various business segments, including power transmission and distribution, and heavy civil infrastructure.

In the water and effluent treatment sector, the company won orders worth Rs 1,422 crore, L&T said in a filing to BSE.

Having fulfilled the commitment of returning land to the farmers of Singur, the West Bengal government is planning to auction the metal scrap and car sheds of Tata Motors lying at the stackyard in Singur, Hooghly.

“An internal assessment is being done to set a reserve price,” government officials said. The assessment is expected to be completed by December and the auction could be done sometime in January. When asked, a Tata Motors spokesperson said: “We do not have any comments on this at the moment.”

New Delhi: The oil ministry has appointed G.S. Singhvi, a former Supreme Court judge and Competition Appellate Tribunal chairman (Compat), as the government’s arbitrator in a $1.55 billion dispute with Reliance Industries Ltd (RIL) over alleged extraction of gas from a reservoir connected to that of state-run Oil and Natural Gas Corp. on the east coast.

Singhvi, who retired from Compat earlier this month, will consult an arbitrator chosen by RIL for identifying a third neutral arbitrator and the place of arbitration, said a government official, who asked not to be named.

The benchmark BSE Sensex dropped by 248 points in early trade on Monday due to profit booking by investors amid weak Asian cues.

Brokers said Prime Minister Narendra Modi favouring increasing tax contribution from various market participants in a “fair, efficient and transparent way”, too triggered selling in early trade.

Taxi aggregator Ola is leaving no stone unturned to continue its effort to keep India moving in light of the cash crunch. To support the same, Ola has now enabled ‘Ola Money’ to be accepted at Bharat Petroleum Corporation Limited (BPCL) fuel pumps and LPG distributors across the country.

With over 13,000 fuel stations and close to 4,500 LPG outlets, BPCL serves lakh of people on a daily basis. With the alliance, both driver partners and consumers will be able to pay for their fuel and LPG requirements with Ola Money on VeriFone enabled PoS devices.

From January 2017, Mahindra will increase its passenger vehicle prices by upto Rs 26,500, while the small commercial vehicles prices will be increased by Rs 6,000. The lowest price hike on its passenger vehicle range will be of Rs 3,000. In addition to this, the prices of the small commercial vehicles ( Bolero Pick up,Jeeto and Supero etc) will also see a price hike up to Rs 6,000. The company has attributed the hike in prices to the rising cost of production. Due to this, various car manufacturers such as Toyota, Tata Motors, Nissan, Hyundai Motors and Mercedes Benz have decided to increase its prices from January 2017.

Agni 5 nuclear capable ballistic missile was successfully test-launched today off Odisha coast! The missile, an ICBM (Inter-continental ballistic missile) is set to give a big and formidable boost to India’s strike capabilities. With a range of over 5,000 km, the indigenously-developed Agni 5 has the lethal power to strike China. The Agni-V missile is India’s most advanced and potent weapon and deterrent against enemies. Today’s trial is the fourth developmental trial and the second canisterised-based one of the long range missile.

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