Thursday , 22 March 2018
Breaking News


InterGlobe Aviation reports passenger load factor of 91.8% in February

The company had reported the Passenger Load Factor of 89.7% during the month of January 2018InterGlobe Aviation (IndiGo) has reported the Passenger Load Factor (PLF) of 91.8% during the month of February 2018. The company had reported the Passenger Load Factor of 89.7% during the month of January 2018. The PLF is a key indicator of the company’s performance, as ... Read More »

Prism Cement’s arm completes expansion at Morbi plant

Prism Cement’s step-down joint venture – Spectrum Johnson Tiles (Spectrum) has successfully completed the expansion of 3 million m2 (MSM) per annum large format Glazed Vitrified Tiles capacity at its Matel plant, Morbi. The plant has capability to produce large format GVT i.e. 120cmx120cm, 120cmx180cm and 120cmx240cm amongst others. The commercial production has commenced from March 14, 2018. The overall ... Read More »

Reliance Jio effect: Airtel offering unlimited calls, 40GB data at Rs 499

New Delhi: Telecom operators are leaving no stone unturned to take on the stiff competition from new entrant Reliance Jio. In its bid to rival Reliance Jio’s Rs 498 offer, Airtel has come up with a new plan offering unlimited calls, 40GB 3G/4G internet to subscribers at Rs 499. In Airtel’s Rs 499 postpaid plan, the company is offering 40GB ... Read More »

TCS features as a Leader in Cloud Enablement Services by Everest Group

Tata Consultancy Services (TCS) has been recognized as a ‘Leader’ in Everest Group’s report ‘Cloud Enablement Services – Market Trends and Services PEAK Matrix Assessment 2018’. The report enlightened the company’s end-to-end mature Cloud Enablement Services Suite, internally developed IP for Cloud and technology alliances as its key strengths. TCS offers an end-to-end cloud services portfolio consisting of cloud advisory ... Read More »

ICICI Bank enters into partnership with Swiggy

ICICI Bank has entered into partnership with Swiggy, India’s largest food ordering and delivery platform. The partnership is to roll out two innovative digital solutions to facilitate a convenient and hassle-free way for delivery partners to transfer funds to Swiggy. This move will enable thousands of Swiggy’s delivery partners to save time and distance travelled, by embracing the convenience of ... Read More »

India Value Fund sells 1.8% stake in TD Power

India Value Fund IV has sold a little over six lakh shares or 1.8 per cent stake in TD Power Systems. The fund house has offloaded 2.52 lakh shares on the NSE at an average price of Rs 201.05 a share and 3.48 lakh shares on the BSE at Rs 201.01. As of December 31, India Value Fund held 3.67 ... Read More »

Sensex Rises 100 Points, Nifty Above 10,100

The BSE Sensex gained as much as 100 points on Tuesday morning, reversing losses earlier in the session, despite weakness in other Asian markets. The 50-scrip NSE benchmark index, Nifty, rose 29 points to hit an intraday high of 10,123. Gains were led by IT and energy stocks, with the sub-indices of the sectors trading between 0.7 per cent and ... Read More »

Facebook Shares Suffer Biggest Single-Day Drop In 4 Years

San Francisco: Shares in Facebook, the world’s largest social media company, on Monday suffered the biggest one-day drop of its stocks in four years. Facebook shares declined 7 per cent on Wall Street, following reported data leakage of its 50 million users for alleged political purposes. Losses for Facebook shares came after US and British media reported that the data ... Read More »

Tata Power’s TPDDL makes adequate power arrangements to meet summer challenge

Tata Power’s TPDDL, the power utility that supplies electricity in North and North West Delhi, expects peak demand to touch 2000 MW in summers. TPDDL has made adequate power arrangements of up to 2000 MW (along with contingency planning) through long-term tie-ups and power banking arrangements. Tata Power Delhi Distribution (TPDDL) is a joint venture (JV) of Tata Power and ... Read More »

Indian Rupee slides 23 paise to 1-wk low of 65.17 on Fed rate concerns

Mumbai : The Indian rupee on Monday slid by 23 paise to close at one-week low of 65.17 against the US currency due to concerns over widening current account deficit and a strong dollar ahead of a crucial US Federal Reserve meet. The sentiment in forex market turned weak after the country’s current account deficit widened in the December quarter on ... Read More »