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BSNL to provide dedicated network to police during Simhastha

BSNL to provide dedicated network to police during Simhastha

Bharat Sanchar Nigam Limited (BSNL) will provide dedicated network to policemen during the upcoming Simhastha to be held in Ujjain in April 2016.

“We will provide them dedicated CDMA network which will be untraceable and free from any disturbance or congestion,” said G C Pandey, chief general manager, BSNL (Madhya Pradesh).

TCS likely to report decent revenue growth despite Chennai flood drag

TCS likely to report decent revenue growth despite Chennai flood drag

As Tata Consultancy Services (TCS), India's largest IT services company kickstarts the earning season on Tuesday for the December quarter, its financial numbers are expected to be keenly watched out for given that the Mumbai-headquartered company had earlier hinted its revenue growth to be impacted because of the disruption of works due to Chennai floods.

In December last year, the company had said that it was 'expecting material impact' on the company's revenues as the torrential rains and subsequent floods in Chennai impacted the normal functioning of its offices. Industry analysts however don't expect much of a pressure on the company's growth in October-December period of FY16.

Indian Oil to spend Rs4,000 crore on Paradip refinery upgrade

Indian Oil to spend Rs4,000 crore on Paradip refinery upgrade

Paradip,India: Indian Oil Corp. aims to invest Rs.4,000 crore in upgrading its newest refinery in the eastern part of the country after the central government decided to bring forward by four years the introduction of road vehicle fuels which are compliant with Euro VI emission standards to April 2020, a senior company executive said on Sunday.

BHEL commissions 520 MW thermal power unit in Andhra Pradesh

BHEL commissions 520 MW thermal power unit in Andhra Pradesh

NEW DELHI: State-run Bharat Heavy Electricals Ltd (BHEL) on Monday said it has commissioned a 520-mw coal-based thermal power unit in Andhra Pradesh.

"The unit has been commissioned at the 2x520 mw Vizag Thermal Power Project of Hinduja National Power Company Limited (HNPCL), Visakhapatnam," the company said in a statement.

Mercedes has recovered from VW diesel hit: Dieter Zetsche

Mercedes has recovered from VW diesel hit: Dieter Zetsche

Mercedes-Benz has recovered from an initial hit to sales of its diesel vehicles due to the Volkswagen emissions-cheating scandal, Daimler Chairman Dieter Zetsche has said.

"For some time the entire industry was affected" by the VW scandal, Zetsche, who is also head of Mercedes-Benz Cars, said on the sidelines of the Detroit auto show.

SBI, L&T, ICICI Bank, BHEL hit fresh 52-week lows

SBI, L&T, ICICI Bank, BHEL hit fresh 52-week lows

Shares of seven companies in the Nifty 50 index have touched their respective 52-week lows after the benchmark index fell more than 1% on the National Stock Exchange (NSE) in early morning trade as concerns about China and global economic slowdown persisted.Adani Ports & Special Economic Zone (SEZ), Bharat Heavy Electricals Limited (BHEL), Bank of Baroda (BOB), ICICI Bank, Larsen & Toubro (L&T), Punjab National Bank (PNB) and State Bank of India (SBI) from the Nifty 50 index hit 52-week lows on the NSE in intra-day trade. Most of these stocks were trading down in the range of 2%-3% at 09:23 a.m.

Reliance Industries nears 52-week high

Reliance Industries nears 52-week high

Shares of Reliance Industries (RIL) moved higher by 3% to Rs 1,055 on the National Stock Exchange (NSE), is less than 2% away from its 52-week high of Rs 1,068 touched on July 23 last year in intra-day trade.

At 11:03 a.m. the Nifty 50 index was down 1% at 7,549 after hitting a 52-week low of 7,494 in early morning trade on the NSE.

Ashok Leyland gains on vehicle order from Zimbabwe govt

Ashok Leyland gains on vehicle order from Zimbabwe govt

Shares of Ashok Leyland were up over 1% at Rs 92 on the Bombay Stock Exchange in an otherwise weak market after the company announced that it has received an order from the Zimbabwe government.

The order for 680 Vehicles and Spare Parts, worth US $50 million is from the Ministry of Local Government, Public Works and National Housing, Government of Republic of Zimbabwe, the company said in a release.

Lanco Infratech gains as arm commences operations at Vijaywada unit

Lanco Infratech gains as arm commences operations at Vijaywada unit

Shares of Lanco Infratech was up over 5% at Rs 7.34 on the Bombay Stock Exchange after the company said its arm had started operations at Vijaywada unit.

Lanco Kondapalli Power Limited, a subsidiary of the company, has started commerical operations of the 371 Mw unit of Kondapalli Power Project at Vijayawada in Andhra Pradesh from January 09, 2016, the company said in a release.

Air India to recruit 530 type-rated pilots on contract

Air India to recruit 530 type-rated pilots on contract

In one of the biggest pilot recruitment drives, state-run Air India will hire about 530 type-rated pilots on contract for the carrier’s narrow-body fleet, expected to grow to about 80 aircraft by March 2018.

The present strength of this fleet is 66.

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