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.

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.

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