NEW DELHI: State-owned Bharat Sanchar Nigam Ltd. will reduce its workforce by nearly 7% in 2017-18, from the employee-base of 2,09,996 in 2016-17.

BSNL expects total employees as on April 30, 2017, to be 1,96,162, the state-driven telco said in response to an application filed under the Right to Information Act, 2005.

Ford Motor Co and General Motors Co have worked all year to convince investors that they are no longer prisoners of the US auto market cycle and have solid plans to fend off challenges from Silicon Valley interlopers.

This week, Wall Street looked at the Detroit companies' stronger-than-expected quarterly results and turned thumbs down.

New Delhi: Telecom operator Bharti Airtel Ltd on Wednesday said that it will approach government and Telecom Regulatory Authority of India (Trai) to clear the “confusion” that led to proposed penalty of over Rs1,000 crore on it for not providing interconnection facility to Reliance JIO Infocomm Ltd.

“We are aware of the proposed penalty. We believe there is confusion here. We will find a way to go back to Trai and department of telecommunications (DoT).

The Employees’ Provident Fund Organisation (EPFO) has joined the vast network of over 2 lakh common services centers to widen its reach.

A Memorandum of Understanding (MoU) has been signed between retirement fund body EPFO and CSC e-Governance Services India (CSC SPV). The MoU is initially for a period of five years.

Maruti Suzuki posted a net profit of Rs 2,398 crore in the quarter-ended September 2016, up 61.4% from the Rs 1,486 crore posted in the preceding quarter.

Compared to the net profit in the same period last year (Rs 1,497 crore), the July-September net profit was up 60.2%.

The Supreme Court (SC) on Wednesday dismissed a Special Leave Petition filed by National Spot Exchange (NSEL) seeking relief against a High Court order on applicability of Maharashtra Protection of Interests of Depositors (MPID) Act on its affairs. NSEL had pleaded for a stay on proceedings of attachment of assets of the bourse and its directors initiated by the MPID court in Mumbai.

The bench of A K Sikri and N V Ramana called the petition frivolous and imposed costs.

TVS Motor has reported a 33.4 per cent growth in profit during the quarter ended September 2016 at Rs 177.39 crore, as against Rs 132.96 crore in the corresponding period last year.

The company has reported a revenue growth of 20.6 per cent for the quarter ended September 2016. Total revenue grew to Rs 3,726.31 crore in the quarter ended September 2016, as against Rs 3,089.42 crore recorded in the quarter ended September 2015.

Government-owned Oil and Natural Gas Corporation (ONGC) on Thursday reported a 6.3 percent increase in net profits at Rs 4,975 crore in the second quarter of current financial year as against Rs 4,681 crore in the same quarter last year.

The ONGC board also recommended a bonus issue ratio of 1:2, that will provide one bonus share for every two existing shares held. The recommendation will be subject to the approval of shareholders.

The stock market stayed weak the for third straight session as the benchmark Sensex fell nearly 104 points and the NSE Nifty broke below the 8600-mark on Thursday, with participants liquidating bets in view of October derivatives expiry.

Besides, weak Asian cues following a slide in oil prices weighed on sentiment, brokers said. The 30-share index was trading lower by 103.69 points, or 0.37%, to 27,732.82. The gauge had lost 342.57 points in the previous two sessions.

Nasscom, the country’s software lobby, will revise its growth forecast downward from 10-12 per cent this year. This is after its biggest members such as Tata Consultancy Services, Wipro, Cognizant and Infosys have struggled to grow faster in a more uncertain global environment.

These companies are seeing clients shift to faster adoption of automation, cloud and digital technologies, while cutting on traditional information technology (IT) services. Both Infosys and Cognizant have cut their annual revenue forecast, for these reasons. Nasscom says this is a good indication of where the sector is headed.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.