Commercial vehicle major Ashok Leyland Friday reported 12.12 per cent decline in net profit at Rs 652.99 crore for March quarter, 2018-19.

The company posted a profit of Rs 743.12 crore for the same period of 2017-18.

NewSpace India Limited (NSIL), the commercial arm of Indian Space Research Organisation (Isro), was officially inaugurated in Bengaluru on Thursday. NSIL's main objective is to scale up industry participation in Indian space programmes.

NSIL was inaugurated by Isro's honorary adviser, Dr K Kasturirangan in the presence of chairman Dr K Sivan.

New Delhi: Five years after the Modi tsunami decimated the Opposition, the Congress in particular, it returned with a greater force on Thursday to finish off whatever remained of the adversary. Prime Minister Narendra Modi’s charisma and magic virtually turned India into a “lotus garden” with the final tally by Thursday evening coming close to the NDA’s “Mission 350”.

The BSE Sensex on Thursday jumped more than 1000 points to hit the magical 40000-mark on a bout of initial euphoria over the general election results but thereafter retreated because of profit-booking.

The BSE Sensex on Thursday jumped more than 1000 points to hit the magical 40000-mark on a bout of initial euphoria over the general election results but thereafter retreated because of profit-booking.At the end of the day, the benchmark index fell 298.82 points, or 0.76 per cent, to end at 38811.39 points.

Revival of ailing telecom public sector firms, 5G technology trials and a new round of spectrum auction will be among the top priorities for the new government.

Some of the crucial decisions have been pending owing to the general elections for the past few months.

Tata Motors Finance Solutions has extended a loan of `40 crore to Ola Fleet Technologies, the cab-leasing subsidiary of Ola, according to documents sourced from business signals platform paper.vc. The loan amount will be used for the purchase of Neo electric vehicles by the company on commercial registration, the documents showed.

MUMBAI: Construction major L&T on Thursday bought shares worth about ₹44.16 crore of Mindtree through open market transactions.

According to the bulk deal data available with the NSE, the firm bought over 0.45 million shares, at an average price of ₹979.91 a share.

Paytm Payments Bank Limited (PPB) Thursday said it has turned profitable within its second year of operation, reporting a profit of Rs 19 crore for the financial year 2018-2019. PPBL claimed to lead mobile banking transactions with over 19 per cent market share as of March 2019.

“Nearly a third of the total mobile banking transactions in India are powered by PPB and it processes over Rs 3 lakh crore worth of digital transactions on an annualised basis,” the company said in a statement.

The Securities Appellate Tribunal (SAT) on Wednesday stayed Sebi rulings that directed the National Stock Exchange to disgorge profits of over Rs 625 crore in the co-location case.

However, the tribunal directed the bourse to deposit Rs 625 crore with Sebi in two weeks. The exchange would have to continue to deposit revenues from the co-location facility to an escrow account.

The rupee appreciated by 26 paise to 69.40 against the US dollar in opening trade Thursday, as counting of votes for the seven-phase Lok Sabha elections began across the country.

The counting exercise is on in over 4,000 counting centres. Most of the exit polls have predicted that the BJP-led National Democratic Alliance (NDA) is on course to retain power for a second term.

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