Mumbai: Shares of Tata Consultancy Services on Friday attained a milestone when its market valuation briefly crossed the Rs 7-lakh crore mark. The country's largest IT services company becomes the first listed firm to achieve this level.

During intra-day trades, the market valuation of TCS rose to Rs 7,03,309 crore. This came after its share hit a new 52-week high of Rs 3,674.

With S&P Bombay Stock Exchange (BSE) Sensex returning merely 2.55% returns since the beginning of the year in addition to weaker performance of other indices, S&P BSE Information Technology (IT) index has emerged as the best performing index. Analysts say stronger dollar, increased digital spending, strong results and reduced external factors around immigration have resulted in the rally of IT stocks.

TVS Racing has recently taken the wraps off the race-spec Ntorq 125, better known as TVS Ntorq SXR. Three-time National Championship winner Asif Ali and Shamim Khan will ride this scooter during the fourth round of the Indian National Rally Championship 2018 to be held in Nashik on 25th and 26th May. In terms of visuals, there is not much that differentiates the Ntorq SXR from the stock model, except for the knobby tyres and the race-inspired livery. It is under the skin where the prime changes take place.

Bank of Baroda on Friday reported a net loss of Rs 3,102 crore for the three months to March 2018, owing to a more-than-doubling of its provisions on an year-on-year basis to Rs 6,672 crore in Q4.

Net interest income (NII) — the difference between interest earned and interest expended — rose 11.7% y-o-y to Rs 4,002 crore.

The Department of Telecommunications (DoT) today extended the deadline for submission of public comments on the new telecom policy to June 1 as many stakeholders had sought more time to give their views, according to an official release. The DoT had released the draft of the policy branded as National Digital Communications Policy, 2018, on May 1 and invited public comments by May 25.

Private power players are crying foul over the government’s instruction to Coal India (CIL) to allot coal “out of turn” to power plants owned by the central and state governments.

The development comes at a time when the gap between the plant load factors (PLFs) – capacity utilisation levels – between private and government-owned power plants continue to widen, and this decision, independent power producers claim, would further impair their ability to service debts,

Mumbai: Toyota Motor Corporation and Suzuki Motor Corporation on Friday revealed broad contours of their evolving partnership that centres around India.

Within two months of agreeing to share product portfolio, the Japanese carmakers with a significant presence in India have proposed that they also eye synergies by sharing infrastructure such as factories and dealer networks in India.

MUMBAI | NEW DELHI: Negotiations between Reliance Communications and Ericsson for a settlement have hit a stalemate with the Swedish telecom equipment maker rejecting two proposals of the Anil Ambani owned operator.

According to people familiar with the development, RCom had offered either a payment guarantee by an Anil Ambani-controlled company or an undertaking by the directors of the telco and its two units — Reliance Infratel and Reliance Telecom — that the Swedish equipment maker would be paid within 15 days if it withdraws its insolvency petition.

In an early morning development, security forces have eliminated five terrorists in Tangdhar sector of Jammu and Kashmir. Tangdhar sector is located in Kupwara district of North Kashmir. The forces foiled an infiltration bid by terrorists and managed to gun them down. Massive search operation is underway to check if there are any remaining terrorists in the region, confirmed Defence spokesperson Colonel Rajesh Kalia. This is seen as a major win for the forces .

Unhappy with projections for 2018-19 made by Punjab National Bank (PNB) in a presentation, the finance ministry has asked the fraud-hit lender to give another presentation with “realistic numbers”, sources said. The department of financial services (DFS) held a meeting with the top management of PNB on Thursday, following fears that the bank may slip into the Reserve Bank of India’s (RBI’s) prompt corrective action (PCA).

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