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Rel Comm plans to offer VoLTE by year-end

Rel Comm plans to offer VoLTE by year-end

New Delhi: Reliance Communications is planning to offer voice calling over LTE (VoLTE) by the end of the year, giving users another option to make voice calls, and is holding talks with major network providers to finalise a player within a fortnight.

People aware of the developments said that RCom, that has inked spectrum trading and sharing agreements with Reliance Jio Infocomm, is in talks with Swedish network major Ericsson, Finnish network provider Nokia, besides Chinese competitors Huawei and ZTE, for executing the contract.

DLF net profit doubles to Rs 261 cr

DLF net profit doubles to Rs 261 cr

Aided by the sale of its flagship movie theatre chain DT Cinemas to PVR for Rs 372 crore, real estate firm DLF on Monday reported a twofold jump in consolidated net profit to Rs 261 crore for the quarter ended June.

According to its filings with the BSE, the net profit had stood at Rs 126 crore in the April-June quarter of the past financial year. Income from operations fell 22 per cent to Rs 1,867 crore during the first quarter of FY17 from Rs 2,389 crore in the year-ago period.

Nifty ends above 8,600; Tata Motors, RIL top leaders

Nifty ends above 8,600; Tata Motors, RIL top leaders

Benchmark indices staged a recovery in late trades to end higher with Tata Motors leading the gains after brokerages remained bullish on the stock while weakness in IT shares capped further upside.

The S&P BSE Sensex ended up 120 points at 27,903 and the Nifty50 settled 35 points higher at 8,607. In the broader markets the BSE Midcap and Smallcap indices ended up 0.2%-0.3%.

India fastest-growing business for Uber, company commits more

India fastest-growing business for Uber, company commits more

aggregator Uber on Monday said India is the fastest-growing business across the globe for the company and it will continue to invest here.

Uber Asia (Head of Business) Eric Alexander said the company started its business three years ago in Bengaluru and is now operating in over 20 cities.

India to be amongst top five global pharma innovation hubs by 2020: Assocham

India to be amongst top five global pharma innovation hubs by 2020: Assocham

To push India into top five pharmaceutical innovation hubs by 2020 and establish global presence by launching one out of every five to 10 drugs discovered in India at global level, the government is preparing for multi-billion dollar investment with 50 per cent public funding through its public private partnership (PPP) model to enhance innovation capability, reveals the joint study.

Usain Bolt ate beef, won 9 medals: BJP leader

Usain Bolt ate beef, won 9 medals: BJP leader

A tweet by the BJP MP and Dalit leader Udit Raj on Monday created a stir, in which he said that Jamaica's Usain Bolt won nine Olympics gold medals despite poverty after his trainer advised him to eat beef.

Usain Bolt of Jamaica was poor and trainer advised him to eat beef both the times and he scored 9 gold medals in Olympics, Mr. Raj, MP from North West Delhi tweeted.

ChampOne offers smartphone with quad-core processor, fingerprint scanner, 4G priced just Rs 501

ChampOne offers smartphone with quad-core processor, fingerprint scanner, 4G priced just Rs 501

As the tech war to make the Cheapest Indian Smartphone rages on, with the likes of Ringing Bell’s Freedom 251, another Indian company had arrived with a bang. ChampOne Communications, a Jodhpur-based company had brought the ChampOne C1, a smartphone too good to be true at that price. Priced at Rs 501, just double that of the famous Freedom 251, the smartphone has features which many phones ten times the price boast of. Packed with a quad-core processor, fingerprint scanner, and even 4G LTE connectivity the smartphone is actually priced at Rs 8000 but the company is giving away the phones initially at Rs 501, for its first flash sale which will take place on September 2.

West Bengal Assembly passes resolution to change state's name to 'Bangla' in Bengali, 'Bengal' in English

West Bengal Assembly passes resolution to change state's name to 'Bangla' in Bengali, 'Bengal' in English

In a bid to raise stature in the alphabetical sequence of state names, West Bengal passed a resolution to change the name of the state to 'Bangla' in Bengali and 'Bengal' in English.

A decision to this effect was taken by the state cabinet, state education minister Partha Chatterjee, said on Tuesday.

Indian Oil Corp Q1 profit jumps 25% to Rs 8,269 crore, to issue bonus shares

Indian Oil Corp Q1 profit jumps 25% to Rs 8,269 crore, to issue bonus shares

State-owned Indian Oil Corp (IOC) on Monday reported a 25 per cent jump in first quarter net profit, as it also declared a 1:1 bonus share.

Net profit of Rs 8,268.98 crore, or Rs 34.90 a share, in April-June was 25.46 per cent higher than Rs 6,590.83 crore, or Rs 27.81 per share, net profit in the same period a year ago, the company said in a regulatory filing.

IT shares under pressure; Wipro, NIIT Tech, Tata Elxsi, Hexaware hit 52-week low

IT shares under pressure; Wipro, NIIT Tech, Tata Elxsi, Hexaware hit 52-week low

Shares of information technology (IT) companies are under pressure with Wipro, NIIT Technologies, Hexaware Technologies and Tata Elxsi, hitting their respective 52-week lows on the BSE.

At 12:36 pm, the S&P BSE IT index, the largest loser among sectoral indices, was down 1.1% or 123 points at 10,267, as compared to 0.02% decline in the benchmark S&P BSE Sensex. The IT index hit an intra-day low of 10,230, its lowest level since February 29, 2016.

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