NEW DELHI: A year in office, the Modi government is keen to revive state-owned enterprises BSNL and MTNL, even as they face stiff competition from private players.

BSNL that operates across the country including in remote areas, had posted a profit of Rs 10, 000 crore when the Atal Bihari Vajpayee government left office in 2004, but "when we returned to government in 2014, it was suffering from a loss of Rs 7020 crore," Telecom Minister Ravi Shankar Prasad told TOI.

MUMBAI: PNC Infrastructure listed at Rs 387, a premium of 2.38 per cent, against issue price of Rs 378 on the National Stock Exchange. However, the stock plunged 7.14 per cent below the issue price to touch intraday low of Rs 351 on the back of weak market sentiment.

PNC Infratech is Agra-based infra player having focus on roads & highways construction. In FY2012, it diversified into BOT-Toll & Annuity projects and in FY2014 into OMT projects.

The British telecom major Vodafone is reportedly planning to launch IPO of its Indian arm to raise about $4 billion next fiscal.

The company has appointed NM Rothschild as its consultant to work on roadmap and the paperwork for the public offering will be completed by the end of ongoing financial year, as per reports.

The benchmark BSE Sensex fell further by over 40 points in early trade today, extending its yesterday's slide due to continued selling by participants amid mixed Asian cues.

The 30-share index was trading lower by 40.86 points, or 0.14%, at 27,603.02, with stocks of oil & gas, power, realty, PSUs, auto and IT sectors pulling it down.

Nestle’s travails with regulatory authorities over its Maggi brand last week is a wake-up call for food & beverage companies, says Delhi-based activist body Centre for Science & Environment (CSE).

“I am happy that regulators are testing food products and taking action. As long as you don’t test, you will not know what is going into these. With packaged food consumption on the rise in India, law enforcement will have to get stringent,” said CSE Deputy Director-General Chandra Bhushan.

Chennai-based TVS Motors has said it is not interested in taking over the Uluberia facility in West Bengal.

The company, which entered into a technical collaboration with the promoters of the facility, has been asked to buy out the entire facility.

If you are an ICICI Bank customer then reaching out to the bank’s call centre has just become easies for you. The lender has launched a voice recognition feature, which will now be able to identify and authenticate customers based on your voice. Now, you no longer need to give out your account details or password in order to identify yourself.

This voice recognition technology works on voice prints that will comprise more than 100 characteristics such as voice modulation, speed, accent, pronunciation etc. These will be stored against the customer’s account and will be used to authenticate the details every time they call back.

Mahindra & Mahindra today unveiled an updated version of its sports utility vehicle XUV500, with the price starting at Rs 11.21 lakh (ex-showroom Delhi).

While the entry level variant W4 is priced at Rs 11.21 lakh, the highest trim W10 comes with a tag of Rs 15.99 lakh.

In a bold attempt to reduce frivolous tax demands, the income tax department has decided to overhaul the annual performance appraisal system for tax officials, relying on the quality and effectiveness of their work and not plainly on the quantum of tax demands raised.

Sources said that error-free and well-reasoned tax demands, which are made following all principles of natural justice and are not struck down by courts subsequently, would earn an officer a good grade, not frivolous, high-pitched tax claims that do not stand the test of appeal.

Unidentified gunmen on Monday fired on the franchise office of BSNL in North Kashmir’s Sopore town, killing one and leaving two injured.

Soon after the attack, police launched manhunt to track down the militants responsible for the attack.

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