Global engineering services company L&T Technology Services Limited (LTTS) on Monday said it had won a multi-year deal to provide digital content management services to a leading European technology companys industrial products segment. The deal is expected to run for a period of five years with an aggregate revenue potential of $40 million

State-run power producer NTPC has been given the green clearance for the Rs 77.32 billion expansion project of the Talcher Thermal Power Station in Odisha, a senior government official said Monday.

The company's proposal is to add two additional units of 660 MW each in the existing premise of the Talcher Tehermal Power Project (TTPP) located in Angul district, Odisha.

Tech giants Microsoft, Amazon and Google are joining forces with international organisations to help identify and head off famines in developing nations using data analysis and artificial intelligence, a new initiative unveiled Sunday.

KOLKATA- State-run monopoly miner Coal India (CIL) plans to supply 17.5 million tonnes of coal annually to captive power producers for five years through an auction that started last week and is slated to conclude on October 10.

The average base price for the fuel on offer is around ₹1,343 per tonne while premiums offered by consumers for a variety of coal from South Eastern Coalfields have touched a high of ₹650 per tonne.

BENGALURU: If Apple taught Indian consumers to unlock its new phones with a twitch of their eyes, Paytm is working on introducing facial recognition to enable digital payments.

Noida-based Paytm has begun testing a facial recognition tool that can unlock its payments application on a customer’s smartphone, company executives said. It also plans to extend this feature to allow customers to pay at merchant outlets with the blink of an eye.

BENGALURU: Infosys could not provide enough evidence to substantiate that former CFO Rajiv Bansal deleted data from company laptop, leading to dismissal of its claim of breach of agreement by the arbitrator, two people privy to the proceedings told ET.

The Bengaluru-headquartered software services firm was ordered last week by arbitrator RV Raveendran to pay the remaining severance of Rs 12.17 crore with interest after about 14 months of Bansal taking the matter to arbitration tribunal.

The Indian stock market opened in the negative territory on Monday, with the benchmark Sensex of the BSE falling over 100 points in opening trade. The Nifty 50 of the National Stock Exchange traded 26 points, or 0.23%, lower at 11,117.10 points. Most banking stocks like ICICI Bank, Kotak Bank, IndusInd Bank, SBI, along with other index heavyweights like Bharti Airtel, Maruti Suzuki, M&M, and Tata Motors, witnessed heavy selling pressure on the Sensex index.

The recent depreciation of Rupee versus USD will likely improve Bajaj Auto’s Ebitda margin as well as its competitiveness in export markets. We have increased our earnings estimates by 5-8% after factoring in the change in our currency assumptions. However, we maintain our Sell rating due to deteriorating profitability in the domestic motorcycle segment. Increase target price to Rs 2,700 (from Rs 2,500 earlier).

DTH operators have seen their subscriber bases stagnate over the last three quarters at around 67 million, data from Trai show. The big culprit, say industry watchers, is Doordarshan’s Free Dish which, thanks to its bouquet of free-to-air channels, has mopped up some 30 million subscribers.

On September 18, German luxury car company Audi unveiled the e-tron in San Francisco—its first fully electrically-powered series production model, and a full-size SUV at that. It’s got two electric motors and an electric all-wheel drive, and its large battery gives it a range of more than 400-km in the WLTP (Worldwide harmonised Light vehicles Test Procedure) driving cycle. It is priced 79,900 euros in Germany, which is about Rs 68 lakh at current exchange rates.

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