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TVS Motor net profit rises 30.6% in Jan-Mar quarter to Rs 1.65 billion

TVS Motor net profit rises 30.6% in Jan-Mar quarter to Rs 1.65 billion

TVS Motor Company profit grew 30.6 per cent to Rs 1.65 billion in the January-March quarter of 2017-18 from Rs 1.26 billion in the same quarter of 2016-17.

The company has reported a growth of 40.4% with total revenue excluding Excise Duty / GST going up from Rs 284.4 billion in the fourth quarter of 2016-17 to Rs 399.2 billion in the same quarter of 2017-18.

TRAI ASKS TELCOS FOR ALL-INDIA TARIFF DATA

TRAI ASKS TELCOS FOR ALL-INDIA TARIFF DATA

The regulator Trai is seeking details from operators about tariff plans offered by them in all telecom circles, marking the next phase of expansion for its recently-launched beta site that at present allows rate comparison for Delhi and Gujarat circles only.

The Telecom Regulatory Authority of India (Trai) had about a month back unveiled beta version of the portal that ultimately aims to bring on a single platform telecom tariffs being offered by operators and in telecom circles.

ITC likely to post profit up by 6.3% in Q4 results

ITC likely to post profit up by 6.3% in Q4 results

NEW DELHI: The Kolkata-based company ITC Ltd is hopefully looking to register year-on-year (YoY) increase of 6.36 percent in its annual net profit to Rs 2,839 crore, as reported by a poll of analysts at Reuters.

The expansion in bottomline could be a result of growth in ITC’s non-cigarette businesses on the back of preferred base and better realisations from cigarettes.

Idea, Vodafone may face conflict of interest in telecom tower deal

Idea, Vodafone may face conflict of interest in telecom tower deal

New Delhi: The merged entity of Vodafone India Ltd and Idea Cellular Ltd is likely to face a conflict of interest when it plans to buy tenancies as the two companies have telecom tower operator American Tower Corp. (ATC) as a preferred vendor and at the same time also have stakes in its rival Indus Towers-Bharti Infratel combine.

Coal imports seen rising on transport constraints

Coal imports seen rising on transport constraints

Contrary to the Centre’s plan to bring down coal imports, industries are seen to be sourcing more coal from foreign countries in FY19, thanks to the unresolved issue of inadequate transport mechanism to ferry the fuel from the mines to the manufacturing plants. “Coal import trend is expected to continue as power, cement and steel industries are expected to witness improvement in demand and capacity utilisation,” CARE Ratings said on Tuesday.

NTPC signs MoU to buy three power plants in Bihar

NTPC signs MoU to buy three power plants in Bihar

NTPC signed a memorandum of understanding (MoU) to add three more power plants, with a cumulative capacity of 3,470 MW, to its portfolio. The deal would raise NTPC’s independent coal-based power generation capacity to 43,825 MW. The financial details of the transaction were not disclosed.

Now, Fly to US in Rs 27,000, thanks to Wow Air!

Now, Fly to US in Rs 27,000, thanks to Wow Air!

If you often travel to the United Stated then you are in for a good news. A new airline has entered in the market, which would go light on your pocket. Iceland based low-cost airline Wow Air Ehf is entering India with tickets to US priced at $199 from December 7 onwards.

Sensex falls over 200 points over hung house possibility in Karnataka

Sensex falls over 200 points over hung house possibility in Karnataka

The benchamrk BSE Sensex on Wednesday fell over 200 points over a possibility of hung house in Karnataka. Besides, the Karnataka factor Surge in US bond yield and weakness in Indian rupee also dragged the indices.

At 9:43 AM, Sensex was down by 256.15 points to trade at 35,282.74 points while Nifty was in red at 10,716.90 points.

Data misuse investigation: Facebook axes 583 million fake accounts

Data misuse investigation: Facebook axes 583 million fake accounts

Facebook axed 583 million fake accounts in the first three months of 2018, the social media giant said Tuesday, detailing how it enforces "community standards" against sexual or violent images, terrorist propaganda or hate speech.

Responding to calls for transparency after the Cambridge Analytica data privacy scandal, Facebook said those closures came on top of blocking millions of attempts to create fake accounts every day.

ADAG shares hit 52-week lows; RCom falls 14%

ADAG shares hit 52-week lows; RCom falls 14%

Shares of Anil Dhirubhai Ambani Group (ADAG) companies were trading lower for the second straight day with Reliance Communications (RCom) falling 14% in intra-day trade on Wednesday after bankruptcy court admits Ericsson's plea against the company.

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