Calcutta, Dec. 13: Public sector miner Coal India's September-quarter consolidated net profit took a hit as it made a Rs 710.64-crore provision to cover for the salaries and wages of its employees.

Net profit during the quarter stood at Rs 600.17 crore compared with Rs 2,654.34 crore a year ago.

Hyderabad: Ride-hailing firm Uber Technologies on Tuesday said it will launch its bike taxi service UberMOTO in Hyderabad from January next year. The company already operates the service in Gurgaon.

Uber had earlier launched the service in Bengaluru, but had to shut it after the state government said it did not obtain the necessary permits to do so.

Extending facility to deliver cash at the doorstep, Yes Bank has now tied-up with e-grocer Grofers allowing customers to get cash of up to Rs 2,000 when they order grocery online.

"Grofers, the on-demand e-commerce mobile and web application, is opening up a new avenue for people to get cash delivered at home, by partnering with Yes Bank," the bank said in a statement.

State-run NTPC has lined up investments worth Rs 2648 crore for developing three coal blocks in Odisha.

The Maharatna public sector undertaking (PSU) plans to invest Rs 684 crore in the Dulanga coal block, which is linked to its Dariplalli super thermal power project that has the capacity to generate 1,600 Mw of power. The power project, which is supposed to come up in Sundargarh district, will attract an investment of Rs 12,532 crore from NTPC.

Cyrus Mistry, the ousted chairman of Tata Sons, has appealed to minority shareholders of Tata Consultancy Services to vote with a conscience as the future India's largest IT services firm hinges on ''good governance and ethical practices" . Mistry also said he is fighting to save the soul of the Tata Group.

Mistry is certain that Tata Sons, which owns over 73 per cent stake in TCS, would score over any dissent to remove him from the company's board in the extraordinary general meeting of TCS called on Tuesday. In his letter to shareholders, he says the "fight is a matter of principle rather than facing the foregone outcome.

Mumbai: Market on Tuesday shrugged off a widely expected US interest rate hike as the benchmark Sensex bounced 183 points to close at 26,698, with auto, IT, oil and gas shares keeping up the momentum. At the close, Nifty retook the key 8,200-mark, driven by gains in RIL and ONGC stocks. Consumer price index-based retail inflation is scheduled for release on Tuesday.

Does a value of Rs46,000 crore for SBI Life Insurance Co. Ltd that holds a little over 9% market share, look rich? Analysts are divided but the answer could of course be found in its performance in the first half of 2016-17.

The 3.9% stake sale by the insurer’s parent, State Bank of India (SBI), to KKR and Temasek Holdings at Rs460 a share valued the business at Rs46,000 crore, a shade lower than ICICI Prudential Life Insurance Co. Ltd (valued at Rs47,957 crore through the initial public offering in September).

DLF Ltd’s woes did not ease in the September quarter, in spite of tall expectations. Residential unit sales were few and far between even as commercial leasing activity remained flat.

The quarter’s net consolidated revenue at Rs2,226 crore just matched the year-ago period’s figure.

In order to facilitate ease of doing business, Sebi has notified rules to provide permanent registration to merchant bankers, investment advisers, research analysts and eight other categories of market intermediaries.

The Securities and Exchange Board of India (Sebi) already gives permanent registration to stock brokers and sub-brokers subject to their compliance with certain requirements.

NEW DELHI: Hyundai Motor India Ltd today said it will hike prices by up to Rs 1 lakh across models from January to offset higher input costs, fluctuating exchange rates and marketing expenses.

"In these challenging year-end market conditions, we are constrained to consider price increase on account of factors like increased input costs, fluctuating exchange rates and increasing marketing expenses," HMIL Senior Vice President, Sales and Marketing Rakesh Srivastava said in a statement.

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