NTPC, India’s largest power generating company, reported an 18 per cent drop in its stand-alone net profit at Rs 2,496 crore for the September 2016 quarter compared to Rs 3,039 crore in the year-ago period. According a company statement, its total income rose seven per cent to Rs 19,588 crore compared to Rs 18,218 crore a year ago.

NTPC has a total installed capacity of 47,228 Mw. It generated 125 billion units during the second quarter of FY17 against 119 billion units last year.

New Delhi: In what could bring cheers to 50 lakh central employees and 58 lakh pensioners ahead of Diwali, the Centre is all set to announce 2% dearness allowance (DA) to be effective from 1 July 2016.

“The proposal to provide 2% dearness allowance and dearness relief to central government employees and pensioners respectively, is listed on agenda of the Union Cabinet meeting scheduled for tomorrow,” a person familiar with the matter said.

New Delhi: Bajaj Auto Ltd on Friday reported 7.2% increase in consolidated net profit at Rs1,200.72 crore for the second quarter ended 30 September. The company had posted a consolidated net profit of Rs1,120.04 crore in the same quarter of last fiscal.

Total income from operations during the quarter under review was marginally up at Rs6,432.32 crore as against Rs6,407.54 crore. Unit volume sales during the quarter were at 10,31,945 units as against 10,56,596 units in the year-ago period, down 2.33 per cent.

Automobile major Mahindra hopes that the proposed GST regime will not treat electric cars as luxury items and therefore, it should be taxed accordingly.

“We hope that the upcoming GST regime will not treat electric cars as luxury items and will not be taxed at high rates,” Mahesh Babu, CEO-designate of Mahindra Electric, told reporters here today.

Shares of two information technology (IT) majors Infosys (Rs 994) and Wipro (Rs 454) hit their respective 52-week lows on BSE in intra-day trade on Friday.

At 11:22 am, Wipro was down 0.59% at Rs 460 and Infosys down 0.57% at Rs 1,000, as compared to 0.01% fall in the S&P BSE Sensex. Both these stocks have underperform the market post July-September (Q2FY17) results.

Shares of Tata Group companies were trading higher by up to 5%, recouping part of their losses recorded in past three trading sessions.

Tata Motors, Tata Motors DVR, Tata Communications, Tata Metaliks, Tata Elxsi, Tata Teleservices (Maharashtra), Tata Sponge Iron, Tata Coffee, Tata Global Beverages were up between 2%-5% on BSE. Tata Consultancy Services (TCS), however, is down nearly 1% as compared to 0.18% decline in the S&P BSE Sensex at 09:48 am.

GMR Male International Airport Limited (GMIAL), a subsidiary of GMR Infrastructure Limited, said in a statement on Thursday that it has been awarded compensation of nearly $270 million by a three-member international arbitral tribunal.

The compensation covers the debt, equity invested in the project along with a return of 17% and also termination payments and legal costs. The compensation is net of taxes that GMIAL may be required to pay in the Maldives, it said.

If you accidentally drift out of your lane, the steering wheel vibrates to alert you. If you continue to drift, the car selectively brakes individual wheels to help guide it back into its lane. The technology is called Active Lane Keeping Assist.

If a vehicle is trying to overtake you, a radar senses as it enters the blind-spot area on either side of you, and alerts you by illuminating an icon in the side mirror. If you activate a turn signal, a warning tone sounds. The technology is called Active Blind Spot Assist.

Indian Oil Corporation on Thursday reported a net profit of R3,121.89 crore for the July-September quarter of FY17, as against a net loss of R450.24 crore during the same period last year.

“Last year, we had an inventory loss of R5,134 crore, while it has come down to R686 crore this year. Moreover, better petrochemical margins this quarter also played a role in improved net profit,” said B Ashok, chairman of IOC.

ONGC on Thursday reported 6.3% increase in net profit at Rs 4,975 crore in the second quarter of the current financial year as against Rs 4,681 crore in the same quarter last fiscal.

Lower crude oil and natural gas price saw ONGC gross revenue fall 10.3% to Rs 18,395 crore against Rs 20,512 crore in Q2 FY16.

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