Shares of Mahindra & Mahindra (M&M) hit a new high of Rs 895 per share, up 3%, extending their 2.2% gain on Tuesday on the BSE in an otherwise weak market, after the company reported a strong 50% year on year growth in consolidated net profit at Rs 11.55 billion in March 2018 quarter (Q4FY18). It had profit of Rs 7.7 billion in the same quarter last fiscal.

NEW DELHI: Telecom regulator Trai on issued new draft norms to curb pesky calls and SMSes by using blockchain technology to ensure that telemarketing messages are sent only to those who have subscribed to them, and that too by authorized entities.

"Blockchain will ensure two things -- non- repudiative and confidentiality. Only those authorised to access details will be able to access subscriber details and only when they need to deliver service.

New Delhi: State-owned Oil and Natural Gas Corp. Ltd (ONGC) has replaced a government nominee director on board of Hindustan Petroleum Corp Ltd (HPCL) with its nominee as it consolidates control over the company it recently acquired.

ONGC, which had in January completed the acquisition of the government’s 51.11% stake in HPCL for Rs36,915 crore, has appointed its director (finance) Subhash Kumar on the company board, people familiar with the matter said.

New Delhi: State-owned power equipment maker Bharat Heavy Electricals Ltd’s (BHEL) net profit more than doubled to Rs457.12 crore for the March 2018 quarter on higher revenues, compared to a profit of Rs215.55 crore a year ago.

The company’s total income edged down to Rs10,341.58 crore in the fourth quarter from Rs10,476.28 crore last year, BHEL said. The turnover (sales) for the quarter was Rs9,833 crore as against Rs9,479 crore in the last year.

Mahindra & Mahindra today posted 50 percent jump in net profit to Rs 1,155 crore for the March quarter, driven by robust sales across segments including utility vehicles and tractors. M&M had reported a net profit of Rs 770 crore during the January-March quarter of the previous fiscal.

Microsoft has rolled out a new update for its last-generation gaming console Xbox 360, launched in 2005. It was last updated in March 2016.

“There are no specific details about what it does, other than bringing ‘minor bug fixes and improvements’,” Techspot reported on Monday.

Shares of Reliance Communications zoomed by more than 9% on Tuesday, after the Anil Ambani-run company announced that its subsidiary Reliance Infratel reached a settlement with its minority investors, and the company also reportedly agreed to pay up Rs 500 crore to Ericsson.

State Bank of India (SBI) on Monday raised interest rates on retail fixed deposits (FDs) of some maturities by 5-25 basis points (bps). One-year FDs at the bank will now yield 6.65% for general deposit-holders, up from 6.4%. Senior citizens will earn 7.15% on deposits with the same maturity, as against 6.9% earlier. Deposits maturing between two years and three years will now yield 6.65%, 5 bps higher than earlier. For senior citizens, they will earn 7.15%, up from 7.1% earlier.

Underlying trends in asset quality were good, with lower impaired loans and higher coverage – bank guided to watch list of 2.2% of loans. Core PPoP, ex one-offs, however, was 13% below MSe, driven by lower net interest income. Stay EW; we see better risk-reward at peer lenders. Slippages increased sharply QoQ, driven by change in RBI guidelines.

Markets regulator Sebi will soon put in place system-driven disclosures for non-promoters, directors and certain class of employees of listed companies. The system-driven disclosures in securities market was introduced in December 2015 and is being implemented in a phased manner. It has already been put in place with respect to disclosures of promoter/ promoter group.

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