As a result of strategic initiatives taken, Bharat Heavy Electricals Limited (BHEL) has registered quantum growth in its profitability and entered several new business areas in fiscal 2018-19, ending the year with significant traction in growth drivers. The continued commitment and efforts to deliver on its purpose — to help in building a New BHEL, and a New India, have resulted in the company continuing on the path of improved performance.

New Delhi: Realty major DLF has transferred a three acre land worth ₹330 crore in Gurugram to its joint venture with Singapore sovereign wealth fund GIC and is in process to hand over a Noida shopping mall to settle dues.

DLF owed ₹8,700 crore to DLF Cyber City Developers Ltd (DCCDL) as on 31 December, 2018.

New Delhi: In four-five years from now, you would be able to take your landline number wherever you go, from any ‘x’ place to ‘y’ in the country, even as you change your service provider. This is because the Department of Telecommunications has sent a reference to the regulator to frame recommendations on fixed line number portability, a senior official familiar with the development told Mint.

Hyundai Motor India Ltd (HMIL) will bring its fuel cell SUV, the Nexo, to India soon after it launches its fully electric SUV Kona in July this year.

However, the company was not keen to launch hybrid powertrains as the current GST structure did not offer any relaxation on such models, Puneet Anand, senior general manager and group head (marketing) of HMIL, had said on the sidelines of the launch of the Venue in New Delhi.

The strict stance adopted by the US government on the H-1B visa policy would put the profit margins of Indian information technology (IT) services companies at risk in the current financial year, as staff onsite costs continue to rise.

An increase in employee costs can be attributed to tightening of visa norms for Indian players, resulting in higher onsite costs for them. Ever since the US government tightened its H-1B visa policy in 2017, challenges have mounted for the sector, according to ratings firm Crisil.

BSNL is expected to provide salaries for May on time, which is the last working day of the month. “We are comfortable…We will be able to pay salaries on time this month,” BSNL CMD Anupam Shrivastava said.

The company has recently tied up with State Bank of India for a Rs 1,500-crore loan to meet its working capital requirements, based on a letter of comfort extended by Department of Telecom.

The benchmark BSE Sensex advanced over 100 points in early trade Tuesday amid positive domestic and global cues and unabated foreign fund inflow.

The 30-share index was trading 98.04 points, or 0.25 per cent, higher at 39,781.33. Similarly, the broader NSE Nifty rose 24.75 points, or 0.21 per cent, to 11,949.50.

The Kerala government will impose a cess of up to one per cent on inter-state movement of goods and services to final customers from June to provide relief and rehabilitation to those affected by flood in the state last year.

There will be no cess on goods drawing 2.5 per cent state GST, which includes essential items such as branded wheat, edible oil etc, according to a notification issued by the Kerala government.

India’s shadow banks are likely to see a further squeeze on their profit margins after the Reserve Bank of India signaled it will tighten liquidity requirements to bring them in line with the country’s more closely regulated commercial banks.

Instead of providing a much-expected liquidity window to non-bank finance companies via the regular lenders,

Adoption of artificial intelligence is expected to help double the rate of industrial innovation, and may result in over two times jump in employee productivity in India by 2021, a study by tech giant Microsoft said Monday. The study, conducted by research firm IDC on behalf of Microsoft, said organisations that have adopted AI saw tangible improvements in the range of 8-22 per cent in areas like customer engagement, margins and competitiveness.

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