New Delhi: State-owned power giant NTPC on Tuesday said it will raise Rs3,056.50 crore on Friday through issuance of bonds on a private placement basis.

"NTPC has decided to raise ₹3,056.50 crore on 3 May 2019, (Friday) through private placement of secured non-convertible bonds in the nature of debentures at a coupon of 7.93% per annum with a door-to-door maturity of three years," the company said in a statement.

New Delhi: TVS Motor Company on Tuesday reported a 19.2% decline in its standalone profit after tax (PAT) to ₹133.8 crore for the fourth quarter of 2018-19. The company had posted a profit after tax (PAT) of ₹165.6 crore a year ago.

Revenue from operations rose to 4,384.02 crore in the fourth quarter, against ₹4,007.24 crore a year ago, TVS Motor Company said in a regulatory filing.

US automaker Ford will continue to sell diesel models in India and has no plans to pull the plug on such vehicles, a senior company official Tuesday said.

The automaker, which sells models like EcoSport and Endeavour in the country through a wholly-owned subsidiary, said it would also be ready with BS VI-compliant diesel powertrains for its model range before the April 1, 2020 deadline.

Amazon.com Inc's India unit saw a 56 per cent rise in the number of local merchants selling to international markets, hitting export sales of over $1 billion, the company said on Tuesday.

Indian merchants were exporting more than 140 million products on Amazon's app and website, with cumulative sales expected to top $5 billion in the next four years, country head Amit Agarwal told reporters in Bengaluru.

Kotak Mahindra Bank reported a 13.9 per cent rise in its March 2019 quarter (Q4) consolidated net profit, on account of higher interest and fee income.

Profit after tax (PAT) at the consolidated level rose to Rs 2,038 crore in the fourth quarter from Rs 1,730 crore in the year-ago period (Q4 FY18). Total consolidated income rose 27 per cent year-on-year (YoY) to Rs 13,823 crore, said the bank in a filing to the exchanges on Tuesday.

New Delhi: A series of top-level promotions last week has ended the suspense over allocation of new portfolios at State Bank of India. In one of the biggest human resource (HR) rejigs in recent years, India’s largest lender has promoted eight top officials as deputy managing directors (DMDs) and 21 as chief general mangers (CGMs).

The internal promotions fills a vacuum created at the bank’s top-deck after the government, in September last year, appointed 10 senior executives from SBI as managing directors and chief executive officers in other state-owned banks. Half of them were DMDs at the bank.

The BSE benchmark Sensex on Tuesday plunged over 150 points to slip below the 39,000-mark in early trade amid capital outflows by foreign funds and mixed global cues.

However, a strengthening rupee and global crude oil prices restricted further losses in equity markets, brokers said. The 30-share index dropped 154.60 points, or 0.40%, to 38,912.73 in early morning trade, after touching a high of 39,068.67.

Microsoft Corp. unveiled a partnership with VMware Inc. in a bid to bring more customers to its Azure cloud-computing service, emulating a pact that has benefited rival Amazon.com Inc.

The agreement will let VMware customers move their technology systems to Microsoft’s Azure cloud-computing services, the companies said Monday in a statement.

After a gap of almost three years, Wipro Consumer care, part of Azim Premji’s Wipro Group, on Monday struck a new deal in the consumer goods space. The company said that it has acquired Philippines-based personal care company Splash Corporation for an undisclosed amount.

The transaction strengthens Wipro’s consumer care portfolio in personal care and completes its south-east Asian footprint.

While most brokerages have cut FY20 earnings estimates by up to 13% for Maruti Suzuki (MSIL), owing to its poor fourth quarter results and its plan to stop production of diesel vehicles starting next fiscal, there are other factors, too, which will keep the company’s volumes under pressure.

High base effect in the first quarter of FY19, no proposed launches and challenges posed by new launches by competitors are some of the factors which will keep the company’s volumes under pressure in the coming quarters.

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