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India should use 5G to solve developmental problems, says TRAI Chief RS Sharma

India should use 5G to solve developmental problems, says TRAI Chief RS Sharma

India must make the most from the diverse applications under the upcoming 5G technology to solve some of its developmental problems in areas such as transport and agriculture, TRAI chairman RS Sharma has said. “5G is an exciting area where application domains are going to be hugely diverse. It’s a fantastic technology. India, as a country, must leverage it as soon as possible so as to solve some of our developmental problems,” Sharma told PTI on the sidelines of Mobile World Congress here.

Ford India sales up 38.83% at 24,026 units in February 2017

Ford India sales up 38.83% at 24,026 units in February 2017

Ford India on Wednesday reported a 38.83 per cent increase in total sales at 24,026 units in February this year.

The company had sold 17,306 vehicles in the corresponding month last year, Ford India said in a statement.

Domestic sales rose by 52 per cent to 8,338 units last month as against 5,483 units in the same period a year ago, it added.

NTPC to expand mining operations at Pakri Barwadih coal mine

NTPC to expand mining operations at Pakri Barwadih coal mine

New Delhi, Mar 1 () State-run power giant NTPC has kicked off the process to expand operations at its Pakri Barwadih coal mine in Jharkhand to achieve annual mining capacity of 18 million tonnes.

Now, the company is scouting for consultant to prepare a feasibility report for North West Quarry of its Pakri Barwadih coal mine, as per its tender notice.

Facebook releases Facebook Video app on Apple TV

Facebook releases Facebook Video app on Apple TV

If somehow you have really great Facebook friends who share interesting videos, the new Facebook Video app on the Apple TV is for you and it’s available now. Facebook’s VP of Partnerships Dan Rose already announced that a Facebook app for your TV screen was on its way. But it looks like it’s coming sooner than expected.

Facebook has been trying hard to convince people that the social network can also become one of the leading platforms for online videos. And if the company wants to fight against YouTube, having an app on your TV seems like an important step.

SBI sees bad loans at banks worsening on slower growth

SBI sees bad loans at banks worsening on slower growth

Hong Kong/Mumbai: India’s weaker economic growth will lead to more soured loans, even after an audit of lenders’ books pushed stressed assets in the South Asian nation to the highest among major economies, according to the head of the country’s largest bank.

“There could be a few more accounts that could start showing stress mainly because the kind of growth in demand that we have been talking about still has not really come back,” State Bank of India chairman Arundhati Bhattacharya said in an interview with Bloomberg Television in Hong Kong on Tuesday.

Wipro mulls Rs 3,000-4,000 crore share buyback; follows TCS, Infosys to reward shareholders with cash

Wipro mulls Rs 3,000-4,000 crore share buyback; follows TCS, Infosys to reward shareholders with cash

After Tata Consultancy Services and Infosys, now IT major Wipro is considering rewarding shareholders by distributing cash through a share buyback, which may amount to Rs 3,000-4,000 crore, topping the size of its last share repurchase in April 2016, CNBC TV18 reported citing unidentified sources.

The information technology major is in the process putting forth to the board a proposal, which will not consist of just this one proposed buyback, but will also suggest a detailed capital return policy for shareholders over the next three years, CNBC TV18 said.

More good news for mobile users: Reliance Jio launches new monthly tariff plans starting at Rs 149

More good news for mobile users: Reliance Jio launches new monthly tariff plans starting at Rs 149

Reliance Jio has introduced more monthly tariff plans starting at Rs 149, ostensibly to capture the lower-end of the telecom user market, which could find its flagship tariff plans out of reach.

The new giant in the Indian telecom space has also introduced other tariff plans starting from as low as Rs 19 for one-day validity, and going up to Rs 9,999 for a year. Most plans on offer are available for both, prime and non-prime customers, but the prime customers will get more benefits, mainly in terms of data usage limits.

Ashok Leyland February sales grow 5% to 14,067 units

Ashok Leyland February sales grow 5% to 14,067 units

NEW DELHI: Hinduja Group flagship Ashok Leyland today reported a 4.93 per cent increase in total sales at 14,067 units in February.

The company had sold 13,406 units in the same month last year.

Sales of heavy and medium commercial vehicles grew by 4.88 per cent to 11,329 units last month as against 10,801 units in the year-ago period, the company said in a statement.

Sensex recovers 230 points with fresh buying post GDP data release

Sensex recovers 230 points with fresh buying post GDP data release

The Sensex left its two days of losses behind by recovering 230 points in early session on Wednesday, propped up by fresh buying triggered by positive GDP data for the December quarter amid favourable Asian cues.

The impact was such that even the broader NSE Nifty took back the 8,900-mark. The 30-share index, which had lost 149.65 points in the previous two sessions, was trading higher by 229.56 points, or 0.80%, at 28,972.88. All sectoral indices, led by realty, bank and metal, moved up, with gains of up to 1.29%.

Hyundai sales up by 6% at 52,734 units in February

Hyundai sales up by 6% at 52,734 units in February

Hyundai Motor India Ltd (HMIL) on Wednesday reported a 6% increase in total sales at 52,734 units in February.

The company had sold 49,729 units in February last year, HMIL said in a statement. Domestic sales were up 4% at 42,327 units during the month, as against 40,716 units in the year-ago period, the company said. Exports in February this year stood at 10,407 units, as against 9,013 units in the same month last year, a growth of 15.5%.

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