New Delhi, April 6: A consortium led by GMR Infrastructure has bagged an order for the construction of the 417-km eastern dedicated freight corridor railway project at an estimated cost of Rs 5,080 crore.

"A consortium led by GMR Infrastructure Ltd has been issued the letter of award for construction of 417-km long Eastern Dedicated Freight Corridor railway project at a cost of Rs 5,080 crore on EPC (engineering, procurement and construction) basis," the company said in a statement.

Bengaluru: Vishal Sikka’s desire to project Infosys Ltd as a next-generation services company has made senior company officials consider if the company should declare results for a quarter during the current financial year from its Silicon Valley base. The move is expected to help the management showcase the presence it has built in California’s Palo Alto, since the company appointed Sikka as chief executive officer last August.

For now, the management at the Bengaluru-based company is still to decide when it intends to hold the results meeting from Sikka’s base station—the Infosys boss and many of his senior colleagues are stationed at Palo Alto. This will be the first time any homegrown technology firm declares its numbers from the US.

A framework accord to curb Iran’s nuclear program forged on Thursday could eventually allow Tehran to reclaim lost ground in the global oil market. Yet the deal all but guarantees that cannot happen before next year.

By ensuring that sanctions remain intact until Western powers are satisfied Tehran is adhering to the terms, and giving negotiators until June 30 to hammer out a comprehensive agreement, the deal offers little chance for any significant increase in exports until 2016.

ownside risk to new orders forecast remains high: Bhel faces twin risk of delay in new project ordering as well as a falling power deficit scenario in the country limiting the need for large scale investments in thermal power generation. While new ordering outlook for thermal power project equipment has improved to c33 GW over FY15-17e, 98% of these planned projects are being developed by the Government sector (central and state), which in the past have witnessed delays due to several reasons. Most of these planned projects are yet to receive environment clearance and/or acquire necessary land and/or lock in fuel supply. While the conclusion of the ongoing coal auction might provide clarity in due course on fuel supply, projects with de-allocated coal blocks might find it difficult to reacquire them. Hence visibility on these projects ordering currently remains low.

MUMBAI: When a customer calls up ICICI Bank in coming weeks, in the 10 seconds that he introduces himself the bank's servers will identify his account details and authenticate his identity by picking a voice sample and matching it with the database. Not just that, in future voice data would be analyzed to identify whether the caller is agitated, irate or in a hurry to avoid cross-sell pitches.

ICICI Bank has become the first in the country and among the few in the world to deploy voice-recognition technology for biometric authentication. The new facility will enable customers to call up and ask for funds to be transferred to registered beneficiaries or bills to be paid without having to enter 16-digit numbers or keying in their PIN.

Chennai-based Rajalakshmi group, which runs engineering and technology colleges, has acquired a majority stake in Ashok Leyland's renewable energy arm.

Speaking to Business Standard, Abhay S Meganathan, managing director, Rajalakshmi Automobiles, said the group has bought 75% stake in Ashok Leyland Wind Energy, which was previously owned by Ashok Leyland and Hinduja Foundries Ltd.

Rating agency CRISIL has assigned 'Negative' outlook to real estate major DLF Ltd's long-term loans and debt instruments on account significantly high debt level, weak operating cash flows.

The outlook also factors in residual uncertainty over regulatory issues. However, rating agency has removed ratings on instruments from 'Watch with Negative Implications'. It reaffirmed the ratings at 'A'.

Regulator Sebi will soon put in place new norms for changes in constituents of the key stock market indices, including Sensex and Nifty, as it frames a separate mechanism for regulating the index providers.

The index operators, which include subsidiaries of stock exchanges and independent entities such as S&P, currently do not come under Sebi's direct regulatory purview and the new norms would also include a 'code of conduct' for them while mandating more disclosures and greater transparency while including or excluding a stock from the indices.

Bajaj Auto today reported a 22% fall in motorcycle sales at 2,09,937 units in March as compared with 2,70,578 units the same month in 2014.

Bajaj Auto's exports declined by 16% during the month to 98,703 units from 1,18,183 units in the corresponding period a year ago, the two-wheeler major said in a filing to the Bombay Stock Exchange (BSE).

State-run NTPC is looking at bringing its coal import bill to 'zero' in the next five years and will rely on the fossil fuel made available by Coal India and the company's own mines.

The power major is one of the country's largest consumers of coal.

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