Maruti Suzuki India, the country’s largest carmaker, on Friday posted a 27.3 per cent drop in net profit for the April-June quarter amid an industry-wide slowdown in demand, even as it beat analysts’ estimates. The company reported a net profit of Rs 1,435 crore in Q1FY20, compared to Rs 1,975 crore in the year-ago period.

Rain in August will play a crucial role in determining the final output of kharif crops this year.

The southwest monsoon has picked up over central and western India, but it is still below last year’s average. The average acreage of kharif sowing was below the past five years in several crops.

A unit of Reliance Communications Ltd., tycoon Anil Ambani’s distressed telecom firm, is seeking an extension from holders of its dollar-denominated bonds maturing Aug. 1, the company’s spokesman said.

Global Cloud Xchange is in discussions with holders of its 7% $350 million notes for a deal that would provide the issuer more time to discuss options on the maturity of the senior secured notes, the spokesman said in a statement.

New Delhi: State Bank of India (SBI) on Thursday said it will revise export transactions related service charges to provide clear visibility of cost structures to traders.

The revised charges will be applicable from September 1, the country's largest bank said in a statement.

South Korean auto major Kia Motors is all set to roll out its first made in India mid- SUV, Kia Seltos, from its plant located in Anantapur in Andhra Pradesh on July 31, according to company sources. "Kia Motors will roll out the first car from its state-of-the-art manufacturing facility in Anantapur, in the state of Andhra Pradesh on July 31.

Domestic equity benchmarks BSE Sensex and NSE Nifty opened on a cautious note on Friday tracking weak global cues, amid sustained foreign fund outflow.

The 30-share index was trading 3.11 points or 0.01 per cent higher at 37,834.09 at 0945 hours; and the broader Nifty was also quoting flat at 11,252.15.

A part of Larsen and Toubro’s ₹9,000 crore worth of projects in Andhra Pradesh is at stake as the new government headed by Jaganmohan Reddy has decided to review all projects where less than 25% of the work has been completed.

Asked for comments, L&T MD & CEO S.N. Subrahmanyan said, “This initial way of looking over the previous regime slows down the progress.

State-owned telecom companies are incurring losses in providing high-speed Wi-Fi connections to members of Parliament, Union Minister for Communications and Electronics and Information Technology Ravi Shankar Prasad said.

As per data available with the Telecom Ministry till May 2019, Mahanagar Telephone Nigam Limited (MTNL) and Bharat Sanchar Nigam Limited (BSNL) have provided an aggregate of 757 Internet connections to members of Parliament.

Cash-strapped mortgage lender Dewan Housing Finance Company Limited (DHFL) is likely to submit a resolution plan that will offer a full and immediate repayment to all term- or fixed deposit holders in the company without any haircut, two people directly aware of the internal discussions told Mint requesting anonymity.

Maruti Suzuki - country’s largest passenger vehicle manufacturer - is expected to report subdued growth revenue and net profit in the first quarter of the current financial year as sales across segments declined by double digits.

The New Delhi based vehicle manufacturer will continue to see decline in revenue due to the high base in the corresponding period and 19% fall in sales in the April to June quarter.

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