MUMBAI: Tata Motors on Friday reported a 57% decline in consolidated net profit at Rs 2,260.40 crore for the first quarter ended June 30, due to post Brexit adverse foreign exchange impacting its British arm JLR.

The city-based company had posted a consolidated profit of Rs 5,254.23 crore in the same period last fiscal, Tata Motors said in a BSE filing.

Washington: India and Pakistan should continue a dialogue process to address their differences and issues, including Kashmir, the US has said as it asked the two nations to refrain from indulging in rhetoric.

“What I would say that the extent to which both countries are seeking to continue a dialogue process that will do more to address concerns and tensions than perhaps other approaches.

Cairn India and its joint venture partner ONGC have drawn up a 10-year roadmap for development of their Barmer hydrocarbon block in Rajasthan. The plan brings the exploration firms a step closer to getting an extension of the block’s lease by 10 years beyond 2020, when the current lease ends.

On July 28, the Delhi High Court asked the Centre to decide “within five weeks” whether it will extend the production-sharing contract (PSC) for the block — RJ-ON-90/1, spread over 3,111 sq km west of Barmer.

Infosys on Friday said it would provide a clearer revenue growth guidance after September.

The management also said in an analyst meet the company’s performance in the second quarter would be better than in the first.

In an effort to curb hate speech and ensure safe online communities, Microsoft has announced a new dedicated web form for reporting hate speech on its hosted consumer services and a separate online form for petitions to reconsider and reinstate content.

With these resources, microsoft users will now be able to communicate directly with the firm to report hate speech and request petition to reinstate content via online forms.

GMR group, which runs Delhi and Hyderabad airports, has won the bid to develop and operate the Rs 3,000-crore Mopa airport in Goa on a public private partnership basis with the state government.

The GMR group, which is nearing completion in building the eighth largest airport terminal in the world in Delhi, with a floor space of 5.4 million sq ft, agreed to share 36.99% of the airport's gross revenue with the Goa government.

The engineering and construction major L&T plans to achieve a revenue of Rs 2 lakh crores ($30 billion at current exchange rates) and order inflow in excess of Rs 2.5 lakh crores per annum by 2021. This is to be done without compromising on its margins. While releasing the five-year strategic plan at the 71st annual general meeting here today, the company CMD AM Naik said the theme is "Technology Leadership" and it is at the heart of the new L&T.

MUMBAI: The benchmark BSE Sensex recovered by nearly 85 points and the Nifty reclaimed 8,600-mark in early trade on Friday on fresh buying by investors as the September derivative contracts started on a solid note amid mixed Asian cues.

However, investors have been cautious for the past few sessions awaiting US Federal Reserve Chair Janet Yellen's speech on Friday that will give indication about the US rate hikes going ahead.

Wipro shares hit their fresh 52-week low of Rs 613 in Friday’s trade on the Bombay Stock Exchange. According to Thomson Reuters data, a block deal of 1.73 lakh shares changed hands at Rs 500.30 on the BSE on Friday. At 3.00 pm, shares of Wipro were trading 2.91 per cent down at Rs 490.40. The scrip opened the day at Rs 504.90 and has touched a high and low of Rs 506.35 and Rs 488, respectively, in trade so far. Benchmark Sensex was trading 59.72 points down at 27,776.19.

Seeking to assure the company’s employees, Infosys CEO Vishal Sikka has said that the IT major is “not doing any layoffs”. Speaking at the Infosys’ analysts meet, Sikka said he hopes to see a decrease in attrition in the high-performance segment. “Every employee at Infosys is valuable. There is no involuntary attrition.” Sikka’s comments come in the backdrop of buzz that mute Q1 results and the loss of RBS contract has led to around 500 people suffering job losses at the IT major.

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