The country's second-largest software services major Infosys today reported 3.7 per cent growth in consolidated net profit at Rs 36.12 billion for the quarter ended on June 30, 2018, compared to a net profit of Rs 34.83 billion in the year-ago period.

Revenues from operations of the Bengaluru-based firm grew 12 per cent to Rs 191.28 billion in the April-June quarter compared to Rs 170.78 billion in the year-ago period, Infosys said in a BSE filing.

NTPC, India's largest electricity generating company, on Friday said it has signed a term loan agreement with HDFC Bank for availing a loan of Rs 15 billion.

The 15-year loan will bear an interest rate linked to 3-months MCLR of the bank, the company said in a statement.

Larsen & Toubro (L&T) on Friday said its construction arm has won orders worth Rs 30 billion to build office buildings in Andhra Pradesh and a tourism-related facility in Oman.

"The construction arm of L&T has won orders worth Rs 30 billion in the buildings and factories business, the company said in a BSE filing.

Taking on professional collaboration tool Slack, Microsoft’s Teams is now available for free in 40 languages worldwide. Currently, more than 200,000 businesses across 181 markets globally use Teams — a hub for chatting, sharing documents, video and voice calling in Microsoft 365 — to collaborate and get work done.

Reliance Industries shares: Billionaire Mukesh Ambani-led Reliance Industries’ share price is trading near all-time levels, up by more than 1.8%. Notably, the recent rally in the shares of Reliance Industries led to the firm achieving another milestone yesterday, topping the $100 billion mark in market capitalisation.

Air India pilots were a ruffled lot on Tuesday after the airline asked its caterers to serve only vegetarian 'special meals' to them but within hours, reversed the decision following a furore, officials said.

An Air India spokesperson said a "typo-error" in the communication sent out to the caterers had created confusion among the pilots.

Tata Motors lost a sizeable order from cab aggregator firms Ola and Uber as the group’s former Chairman, Cyrus Mistry, and group patriarch Ratan Tata fought a bitter battle. It was India’s largest carmaker Maruti, which finally bagged the order.

According to the National Company Law Tribunal’s (NCLT’s) Mumbai Bench observation dated July 9, Tata asked Mistry to consider a proposal by Ola, which wanted to buy 150,000 cars.

Sebi on Thursday barred stock brokers from directly accepting cash from their clients as it looks to promote digital payments.

Besides, stock brokers are not permitted to receive cash deposits in their bank accounts from clients.

India has invited US President Donald Trump to be the chief guest for next year's Republic Day parade, the Times of India reported on Friday.

An official response from the US is still awaited.

The rupee on Thursday surged by 20 paise to end at a one-week high of 68.57 against the US dollar buoyed by a steep fall in crude prices and a strong rally in equity markets.

Forex market witnessed a revival in sentiment after crude prices plunged the most in two years on supply glut worries after Libya said its four oil export terminals were reopening, ending a standoff that had closed most of its oil output.

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