Reliance Industries (RIL) has dipped 4% to Rs 999 on the BSE on profit booking after the stock had gained ahead of its third quarter earnings.

The company late Tuesday announced a 39% increase in its consolidated net profit at Rs 7,290 crore for the third quarter of this financial year (Q3FY16).

The heavy civil infrastructure business of L&T Construction, along with its joint venture partner, Daewoo E&C of South Korea, has won an order worth Rs 3,115 crore from the Bihar State Road Development Corporation Limited (BSRDCL).

The engineering, procurement and construction (EPC) contract involves design and construction of greenfield six-lane extra-dosed cable bridge over Ganga river near Kachchi Dargah in Patna district on NH-30 to near Bidupur in Vaishali district on NH-103.

The highways ministry has identified 104 toll roads for monetisation. The government plans to earn Rs 80,000-1,00,000 crore over a period of 20-25 years from monetisation of these completed public funded national highway (NH) projects.

The ministry intends to give out these projects to private companies in toll-operate-transfer mode. The private companies entrusted for the purpose will collect toll as well as will be responsible for the maintenance of the stretch for which they are collecting toll.

On a technical overhaul drive, domestic coal giant CIL will spend Rs 200 crore initially on various areas including electronic fencing of mines on the lines of practices in advanced nations like US and Australia.

The technical upgradation includes fitting all trucks meant for carrying coal with GPS tracking devices within a month to check plunder of the dry-fuel.

Petrol price in Delhi was today hiked by 96 paise per litre and diesel by 53 paise after the state government raised VAT or local sales tax on the two fuels.

The Delhi government last night raised VAT on petrol to 27% from 25%, resulting in a 96 paise a litre hike in retail pump rates.

Hyderabad: Fresh protests erupted on the University of Hyderabad campus on Tuesday over the alleged suicide by a dalit scholar even as members of a social outfit tried to hold a demonstration outside the residence of Union minister Bandaru Dattatreya, who has been accused in the suicide case.

Students gathered in the administrative block of the university and shouted slogans, seeking ‘justice’ for the dalit student.

The capital market regulator may reduce the total expense ratio (TER), or the sum of all fees charged by an asset management company (AMC) for managing investor monies, in an attempt to curb any misselling in the industry, said two people familiar with the regulator’s thinking.

Three other people from the industry confirmed that the matter was under discussion.

Bengaluru: Cognizant Technology Solutions Corp. has done more business or added more incremental revenue in calendar year 2015 than India’s three largest software firms, including Tata Consultancy Services Ltd (TCS), Infosys Ltd and Wipro Ltd, put together—a fact which underlines why last year was bad for the poster boys of India’s $146 billion outsourcing sector.

Cashback and Coupon site, Cashkaro, has raised an undisclosed amount from Ratan Tata. Tata has made the investment in his personal capacity. The funding comes just two months after the Gurgaon based startup raised Rs 25 crores in its Series A funding led by Kalaari Capital.

CashKaro works on an affiliate model and was founded by entrepreneur couple Swati & Rohan Bhargava in mid-2013.

The world’s most popular messaging service, WhatsApp, is dropping its token $1 fee still levied on some users as it experiments with making businesses pay to reach their customers, chief executive Jan Koum said on Monday.

In addition, the Facebook-owned communications service expects in the coming months to offer complete encryption of messages, in a move to ensure the privacy of user conversations that is likely to draw further criticism from some governments.

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