Shares of state-run power equipment maker, BHEL are trading lower by nearly 2% at Rs 197.75 on the BSE after the rating agency Crisil downgraded its outlook on BHEL’s long-term bank facilities to 'negative' from 'stable', citing that the company's project execution and profitability will remain vulnerable to structural issues causing distress to the power sector.

The company's working capital cycle will remain stretched, Crisil said in a statement. It, however, its reaffirmed "AAA' rating for the long term facility and "A1+' for short term loans.

Today, Facebook-owned photograph-centric social network Instagram announced that it has hit 400 million users. This comes just nine months after announcing that it hit the 300 million mark.

Yes, it’s no mistake that the team wanted to let all of us know that it’s growing internationally, the key to grabbing its “next 400M.” It’d be sure nice to know what the splits are on iOS vs. Android, though.

Bangalore: Larsen and Toubro Ltd (L&T), India’s biggest engineering and construction firm, has decided not to participate in the tender issued by GAIL (India) Ltd for constructing three new liquefied natural gas (LNG) carriers for use by state-run natural gas firm to ship the commodity from the US from January 2019, citing a clause that requires shipyards to hold equity stake of as much as 13% in the LNG carriers that are to be built locally.

L&T’s decision is a big blow to Prime Minister Narendra Modi’s Make in India project.

Ajanta Pharmaceuticals will be included in the NSE’s Nifty Midcap 50 index, replacing Aditya Birla Nuvo from the next month.

The inclusion will take effect from October 19 this year, according to a release by India Index Services and Products Ltd (IISL), a subsidiary of NSE Strategic Investment Corporation.

NEW DELHI: Punjabi singer Diljit Dosanjh or Assam's latest pop sensation may soon be singing praises for by DNSUnlocker" style="z-index: 2147483647;" target="a652c_1442990509_economictimesindiatimescom"> Flipkart. India's largest online retailer is gearing up to launch a large-scale campaign in 20 small cities, marking the beginning of a change in the company's approach in targeting shoppers.

All its past marketing campaigns had a national focus. "We realise that it's about time we take a regional approach to our marketing," Ankit Nagori, chief business officer. "A lot of these products are not available in these cities and sometimes they don't even know these can be bought online."

NEW DELHI: India is all set to launch version 2.0 of Prime Minister Narendra Modi's flagship 'Make in India' initiative to turn around the nation's manufacturing sector. While the first level focused on easing processes to help businesses, the next one is aimed at turning it into "a people's movement", on the lines of the Swadeshi movement.

"This won't just be a campaign but a movement of the people of India through initiatives like Skill India, Digital India and another big ticket item, Start-up India. It is now or never for India's manufacturing story," asenior government official said. India is trying to upgrade the skills of its workforce.

Microsoft today is rolling out its much-awaited Office 2016, the latest addition to its cloud-based subscription service Office 365. World over, more than 1.2 billion people use MS Office for working on a simple word document to running billion dollar enterprises.

According to industry experts, the new Office bundle would have new versions of desktop apps for Windows including Word, PowerPoint, Excel, Outlook and Access. The new applications are believed to offer more collaborative features.

The Securities and Exchange Board of India (Sebi) is considering tougher regulations for stock splits. This is in the wake of certain low value companies using stock splits as part of modus operandi to evade taxes, sources have said.

Stock split is a corporate action in which a company divides its existing shares into multiple shares. Although the number of shares outstanding increases by a specific multiple, the total value of the shares remain the same compared to pre-split amount as it does not add any real value.

Amid many waiting for the Supreme Court to allow a commercial launch of quadricycles, Tata Motors is aggressively pushing its small commercial vehicle, the Magic Iris, as a replacement for the passenger three-wheeler.

The company, which has staunchly opposed the introduction of quadricycles in India, is holding discussions with various state governments to allow its Magic Iris to be registered as a fare-metered taxi. This will put the five-seater Iris in direct competition to the proposed quadricycle, whose launch has been marred by a series of litigation since the past two years.

An Air India Boeing 787 plane on the Delhi-Hong Kong route made an emergency landing in Kolkata in early hours of Tuesday after passengers complained of smoke inside the aircraft cabin.

The Boeing 787 is the latest aircraft in Air India’s fleet but in recent weeks its serviceability has been impacted due to snags.

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