The January-March quarter, a seasonally weak one for the Indian IT sector, may not show TCS, Infosys, Wipro and HCL Technologies in good light, with the appreciating rupee against the US dollar denting their operating profit margins by 40-50 basis points.

The Street expectation is that the Big Four of Indian IT may end up reflecting a sequential revenue growth in the range of 1.5-3.5% with HCL Technologies expected to post the highest rise while TCS is likely to maintain its momentum as the leader. For the fourth quarter of FY17, the rupee appreciated by 2% against the dollar, throwing a spanner into the works.

State-run BSNL has earmarked around Rs 4,300 crore for capital expenditure in the current fiscal and plans to have 75,000 wifi hotspots by end of the next fiscal. “BSNL presence is must for healthy competition in the industry and benefit of consumers. They have installed around 5,000 wifi hotspots, going to install 35,000 more wifi hotspots this fiscal and planning another 35,000 to provide quality service to consumers,” Telecom Minister Manoj Sinha said at a book release and network expansion function of the company.

Reliance Jio Infocomm suddenly on April 6 withdrew the complimentary offer called the Summer Surprise offer. Under the offer, Jio had extended its free services for three months more beginning from April. This offer was directed at users who would become the network’s annual Prime members and recharge with Rs 303 as well. Meanwhile, Telecom watchdog Trai directed the company to withdraw the 3-month free offer. RJio reacted immediately to Trai’s request but there is still an uncertainty looming over the offer closure.

Customers are more satisfied with Microsoft’s Surface tablets than they are with Apple’s iPad and tablets built by Samsung, LG, Amazon, Acer and Asus, a study by US-based marketing information services company J.D. Power said on Friday. According to J.D. Power 2017 US Tablet Satisfaction Study, Microsoft is the highest performer in three areas: variety of pre-loaded applications; internet connectivity; and availability of manufacturer-supported accessories.

India’s Oil and Natural Gas Corp expects its natural gas production to reach a 5-year high in the current fiscal year following the start-up in coming weeks of a long-delayed project in the Arabian Sea, two senior company executives said. State-owned ONGC, which accounts for about two-thirds of India’s total natural gas production, is likely to produce close to 25 billion cubic metres (bcm) of gas in fiscal 2018, the executives told Reuters.

TVS Apache RTR 160, Star City Plus and Sport have emerged victorious in different categories in a recent study conducted by JD Power, which annually ranks two-wheelers in terms of best-in-class quality and best-in-class customer APEAL through a detailed survey with over 9,000 customers. This study is the third survey of this dimension in India and globally it is the indicator of customer satisfaction.

NEW DELHI: State Bank of India's bad loans have ballooned approximately 50 per cent in the span of a year and those of its five associate banks by 170 per cent.

The bank will likely have to increase its provisioning for bad loans -- setting aside money to partly cover the non-performing assets (NPAs) following its merger with five subsidiaries.

NEW DELHI: Idea Cellular said that it has launched an offer called ‘Data Jackpot’ for postpaid customers, offering up to 10 GB data per month, for first three months, through My Idea App at a nominal rental of Rs 100.

Idea, in a statement, said that customers opting for this offer will get a minimum of 1GB to a jackpot of 10 GB data per month, for first three months.

Don't expect your equated monthly instalments (EMIs) to fall much. The Reserve Bank of India (RBI) has indicated a slight upward risk in its inflation projections and hinted at holding rates for a longer time.

It expects inflation to climb to 4.5% in the first half of 2017-18 and to 5% in the second half, and cited risks to inflation from likelihood of El Nino, implementation of Seventh Pay Commission, Goods and Services Tax (GST) and rising inflationary expectations, amid the softening of crude prices.

State-owned HPCL’s long-pending 9 mtpa refinery at Barmer in Rajasthan will go on stream soon, with the state government agreeing to a revised fiscal package for the project, Oil Minister Dharmendra Pradhan said today. “Very soon, work will start on the Rajasthan refinery project. We have finalised the financial assessment,” he said at the Global Natural Resources Conclave here.

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