SBI Life Insurance, a joint venture between the country’s biggest bank and BNP Paribas Cardif, has posted an 11 per cent rise in net profit for the quarter ended September 30, 2018, driven by a rise in gross premium income.

Net profit during the quarter was Rs 250.53 crore against Rs 225.47 crore in the corresponding period a year ago.

Mumbai: The narrative around distressed steel assets has been one about incumbents consolidating their hold over the sector.

That changed last week.

On Friday, ArcelorMittal was declared the highest bidder for Essar Steel Ltd. Its winning bid of 42,000 crore gives the world’s largest steel producer a sizeable foothold in the Indian steel market.

Tata Consultancy Services (TCS) has restructured its industry solutions units (ISUs), giving almost 200 employees control of them and quarterly target goals as it looks to free up senior executives to focus on long-term strategy. TCS first broke up its business into smaller units in 2008, a move that helped power growth, with revenue soaring to over $19 billion in FY18 from $6 billion in FY09.

NEW DELHI: Bharat Sanchar Nigam Ltd (BSNL) will be “cautious” while deciding on extending an alliance with Chinese technology vendor ZTE to set up a fifth-generation (5G) network in the country in the wake of security concerns, a top official said.

“When it comes to rolling out the 5G network, a cautious call will be taken,” BSNL chairman Anupam Shrivastava told ET, adding that the telecom technology needs to be protected. He was responding to a question on the threat perceived in deploying Chinese telecom equipment.

The benchmark BSE Sensex on Monday recovered over 321 points in early trade on fresh buying by investors amid a firm trend in Asian markets and better-than-expected earnings from HDFC Bank.

Moreover, the rupee appreciating by another 8 paise to 73.24 against the US dollar and easing crude prices also buoyed sentiments.

One97 Communications-backed Paytm on Sunday announced that PayPay Corporation, its joint venture between SoftBank Corp and Yahoo Japan Corporation, has launched PayPay, a smartphone-based settlement service in Japan.

It is built around the QR-technology from Paytm that has over 300 million customers and over 9.5 million offline merchants. SoftBank is utilising Paytm’s technology and expertise in mobile payments.

Top-level exits continue at Infosys, the country’s second largest company in information technology services.

The latest one being Ken Toombs, global head of consulting at the Bengaluru-based entity. Highly placed sources said he is presently serving out the mandatory notice period.

The Enforcement Directorate (ED) is probing the merger of Air India and Indian Airlines and the acquisition of 111 aircraft for alleged money-laundering during the UPA-1 era, The Indian Express reported on Saturday. The ED probe has come more than a year after the Central Bureau of Investigation (CBI) began investigating the deals.

The European Commission on Saturday announced it has approved the $7.5 billion acquisition of GitHub by Microsoft.

The Commission said that effective competition in the relevant markets would continue and Microsoft would have no incentive to undermine the open nature of GitHub’s platform.

Private lender HDFC Bank on Saturday reported a 20 per cent increase in its net profit to Rs 50.05 billion during the quarter ended September.

The bank's performance was in line with estimates, especially with healthy growth in the net interest income. The private sector lender had registered a net profit of Rs 41.51 billion in the July-September quarter of 2017-18 (FY18).

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.