MUMBAI: The business process outsourcing (BPO) industry, which until a few years ago had thousands of youngsters joining it, is not so cool anymore, thanks to more glamorous competitors such as startups and IT firms with high-end profiles. The National Association for Software & Services Companies, along with 11 BPO companies, now plans to confront this unpopularity head-on — college by college. The 11 firms partnering Nasscom include WNS, Genpact, Dell BPO, EXL and Cognizant BPO.

After four quarters of double-digit growth in operating profits, Reliance Communications Ltd (RCom) has reported a reversal of fortunes. Earnings before interest, taxes, depreciation and amortization (Ebitda) fell 3.2% year-on-year (y-o-y) to Rs.1,827 crore in the September quarter. Ebitda, or operating profit, had risen at an average rate of about 12% in the preceding four quarters.

Mumbai: Axis Bank Ltd, India’s third largest private sector bank could raise at least $500 million by selling bonds to investors in Asia and Europe, two people with knowledge of the deal said.

“They are looking to raise at least $500 million but may keep more if demand is good,” one of the persons said, adding that the bond issue is likely to close later today. The bonds will be listed on the Singapore Stock Exchange.

New Delhi: Oil and Natural Gas Corp., India’s biggest energy explorer, will invest Rs.10,600 crore in raising production from its western offshore fields.

ONGC board has approved third phase of redevelopment of its prime Mumbai High South oil and gas field at a cost of Rs.6,069 crore and integrated development of Mukta, Bassein and Panna formations at an investment of Rs.4,620 crore, the company said in a statement.

Sydney's Allphones Arena geared up to welcome PM Narendra Modi on November 17.

The 21,000-seat venue has been in news ever since the PM Modi made headlines with his speech at the Madison Square Garden in New York. He will be speaking in Sydney on Monday in a programme hosted by the current Miss India Australia Rashi Kapoor.

Adani Enterprises' $7 billion coal mine, rail and port project got a fillip on Monday, with the company signing an Memorandum of Understanding (MoU) with State Bank of India.

The trading and infrastructure conglomerate signed a MoU to line up a loan of up to $1 billion from SBI for the Carmichael mine in Queensland, which it aims to build by the end of 2017.

Tata Motors is trading higher by 2% at Rs 535 on National Stock Exchange (NSE) in otherwise subdued market after reporting a 60 bps improvement in consolidated operating profit margins to 15.8% in September quarter.

While Jaguar Land Rover (JLR) reported a healthy EBITDA margin expansion of 190 basis points to a whopping 19.4%.

Infrastructure major Larsen and Toubro (L&T Limited), which was not ready to accept the request of the Telangana government a few months ago to change the metro rail alignment, has finally agreed to change it in three locations.

According to the new changes, the track, which was earlier planned in front of the old Assembly building, will now go from behind the Assembly building.

A major earthquake with a magnitude of 7.3 was recorded off the Moluccas in Indonesia on Saturday, the United States Geological Survey (USGS) said, and a tsunami warning was issued for the area near the quake.

The Pacific Tsunami Warning Centre in Hawaii said hazardous tsunamis were possible within 300 km (185 miles) of the quake's epicentre. The centre said there was no danger of a Pacific-wide tsunami.

State Bank of India’s (SBI’s) strategy over the past three quarters has been to manage bad loans, cut costs and shore up non-interest income. It had declared as much during its December quarter earnings conference. At first look, the bank has so far delivered on its promise, especially when looking at the September quarter numbers. Of course, a sustainable return to growth and a cleaner balance sheet are dependent on the economic recovery.

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