Mass employee walkouts. Leaks about an effort to get back into China. Successful demands to stop building artificial intelligence for the Pentagon. These days, Google workers are exerting an unusual level of control over their company.

But chief executive officer Sundar Pichai signaled on Thursday that he’s still in charge and won’t be constantly swayed by staff uprisings.

The net profit of Indian Oil Corp (IOC) for the second quarter of the current fiscal dropped 12% to Rs 3,247 crore, compared with Rs 3,696 crore, owing to lower margins and foreign exchange losses, a factor which also affected the other two state-owned oil marketing companies —BPCL and HPCL — in the quarter under review.

Punjab National Bank (PNB), the country’s second-largest public sector lender on Friday reported a net loss of Rs 4,532 crore in the September quarter of FY19, against a net profit of Rs 561 crore a year ago as provisions soared 300% on a year-on-year (y-o-y) basis to Rs 9,758 crore.

The proposed Silicon Valley Hub in Kolkata, the flagship information technology (IT) project of the West Bengal government, has attracted four major players — Reliance Jio, Tata Consultancy Services, Capgemini and Firstsource.

The four companies are the major ones among others to have submitted proposals under the expression of interest (EOI) floated by the West Bengal government for setting up units in the proposed hub, said Amit Mitra, finance,

The divide between incumbent telecom operators and latest entrant Reliance Jio, in terms of subscriber additions, continues to prevail even though it’s been more than two years since the Mukesh Ambani-owned company joined the bandwagon.

LIC Housing Finance Ltd was eyeing 15-16 per cent growth rate during the current financial year, a top company official said Friday. After inaugurating the 21st edition of the property fair ‘Ungal Illam’ here, company Managing Director and CEO, Vinay Sah said, “We have targeted to grow at about 15-16 per cent this year. Our H1 (April-September period), growth rate was in the range of 20 per cent.”

Indian power producer NTPC Ltd reported a marginal fall in September-quarter profit on Friday, missing estimates, as higher expenses weighed.

Profit came in at 24.26 billion rupees ($334.03 million) for the three months ended Sept. 30, compared with 24.39 billion rupees a year earlier, said the country's largest electric utility company by market capitalisation.

Axis Bank Ltd, India's third-biggest private sector lender by assets, on Friday posted a better-than-expected 82.6 percent jump in second-quarter profit, boosted by higher interest income and as asset quality improved.

Net profit came in at 7.90 billion rupees ($108.95 million) for the three months ended Sept. 30, compared with 4.32 billion rupees a year ago, above analysts' estimates of a net profit of 7.41 billion rupees, according to Refinitiv data.

The Securities and Exchange Board of India (Sebi) has found that a Sahara group firm has raised over Rs 14,000 crore in violation of rules and ordered the company and its then directors, including Subrata Roy, to refund the money with 15 per cent annual interest.

The market regulator has also barred the company, Subrata Roy and four other individuals from accessing and dealing in the securities market for a period of four years from the date of completion of refunds to investors.

Bharti Airtel Ltd has decided to wean away subscribers who barely add anything to its kitty, according to a Mint report. The company said on a call with analysts that about 30% of its 333 million India wireless subscriber base generates low double-digit Arpu (average revenue per user). To correct this, it has introduced plans that ensure a minimum Arpu of 35 per month.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.