Idea Cellular shares tumbled today after posting its first ever quarterly loss as rival Reliance Jio’s entry forced it to cut tariffs, eroding margins.

Idea Cellular was trading down 3.5% at Rs 106.5, after opening at the day’s low of Rs 102, against the advance in the benchmark indices. BSE Sensex was trading firm at 28,450.42 points, up 0.41%.

Maruti Suzuki's key auto components supplier Subros has started supplying parts to Suzuki Motor's Gujarat plant, the supplier said in a notification to the National Stock Exchange.

"Subros Limited has started supplies to Suzuki Motor Gujarat Private Limited (SMG) from its Gujarat plant and is gearing up capacities to cater SMG both current and future requirements."

A day after demanding that 129 MLAs, staying in a private resort, should be released, Tamil Nadu's caretaker Chief Minister O. Panneerselvam will visit state secretariat on Monday afternoon.

Panneerselvam has said that the MLAs should be released and they should meet people in their respective constituencies to get a sense of the public mood.

Bank of Baroda (BoB), whose common equity tier I capital shrunk by Rs 3,517 crore in Q3 on re-interpretation of Reserve Bank of India (RBI) rules, will explore qualified institutional placement (QIP) to raise equity resources for growing business.

The common equity tier I capital (CET-I) in absolute terms declined sharply from Rs 39,632 crore at the end of the second quarter in September 2016 (10.09 per cent) to Rs 36,115 crore (9.28 per cent) at the end of December 2016. Overall, the capital adequacy ratio stood at 12.55 per cent at the end of Q3 of FY17, down from 12.94 per cent for Q2 FY17.

Finance Minister Arun Jaitley today said rural development holds the key for the growth of Indian economy and stressed that he has laid emphasis on the development of villages in the Budget so as to put the country among developed nations.

Addressing a gathering at Karnali village which he has adopted under the 'Sansad Adarsh Gram Yojna' as an MP from Gujarat in Rajya Sabha, Jaitley asserted that Indian economy is the fastest growing in the world.

India would see the biggest impact on jobs due to automation, Infosys Chief Executive Officer Vishal Sikka said, quoting a research report, while addressing shareholders on Monday.

While most observers would have followed Sikka's address with regard to the recent tussle between the company's board and its founders, especially N R Narayan Murthy's allegations of a drop in corporate governance standards in India's second-largest software company, Sikka steered clear of the issue and merely dismissed media reports as drama and distraction.

New Delhi: After its successful launch on Android, the Bharat Interface for Money, or BHIM, an app developed by the government to further its cashless push, has been finally launched on the iOS platform on Saturday.

With its debut on iOS, it is currently supporting over 35 banks such as State Bank of India, Axis Bank, HDFC Bank, ICICI Bank, IDBI Bank, Union Bank of India and Kotak Mahindra Bank.

BHEL’s Q3 numbers had slightly better-than-expected execution but order inflow and backlog continued to belie weakness. Raw material (RM) to sales at 64.6% remains higher than our FY19e estimate of ~59%. Order backlog of R940 bn is inadequate to drive revenues much ahead of CSe of ~R330 bn in FY18e. >20% of order book is not likely to start near-term. Another ~20% (Yadadri) is still expecting clearances. Total executable book is lower as we expect that R210 bn of projects may not get cleared for execution near-term.

Mahindra and Mahindra (M&M), country’s largest utility vehicle manufacturer, on Friday reported a 33.29% y-o-y increase in its standalone net profit to R10,860.05 crore for the quarter ended December 31 as a result of an exceptional gain of R363.78 crore from the sale of investments in subsidiary companies.

The company had reported a net profit of R834.47 crore in the corresponding period last fiscal.

State Bank of India (SBI) has more than doubled net profits in the December 2016 quarter to R2,610 crore. Profits were buoyed by treasury profits and the proceeds of R1,755 crore that came in from the sale of a 3.9% stake in its life insurance arm, SBI Life. SBI’s other income jumped 59% year-on-year to R9,662 crore with the profits on sales of investments trebling to R3,969 core and a 14% rise in fee income to R4,011 crore. The profits came off a small base — in the December 2015 quarter, provisions for non-performing assets (NPAs) had soared following the asset quality review (AQR).

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