Business

JK Papers' Q4 standalone net profit up 31%

Tue, 05/15/2018 - 00:24

New Delhi, May 15 (IANS) Paper makers JK Papers on Monday reported a rise of 30.68 per cent in its standalone net profit for the quarter ended March.

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Home buyers against liquidation of Jaypee Infratech

Tue, 05/15/2018 - 00:24

New Delhi, May 15 (IANS) Home buyers of Jaypee Infratech's (JIL) residential projects on Monday said they are opposed to the liquidation of the company or its acquisition by Jaiprakash Associates (JAL), as the latter failed to deliver flats to several buyers and it is likely to become insolvent soon.

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Jewar Airport to cost Rs 19,000 cr, to be ready in 3 years

Tue, 05/15/2018 - 00:08

New Delhi/Lucknow, May 15 (IANS) The foundation stone laying ceremony of the Jewar International Airport will be held before Diwali 2018 and the facility is likely to cost about Rs 19,000 crore, said Uttar Pradesh Civil Aviation Department on Monday.

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RInfra to raise Rs 3,000 crore via rights issue

Tue, 05/15/2018 - 00:08

Mumbai, May 15 (IANS) Reliance Infrastructure (RInfra) on Monday said that its Board has approved a plan to raise up to Rs 3,000 crore via "Rights Issue to the existing shareholders and/or through Qualified Institutions Placement".

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RBI advises more action to Allahabad Bank

Mon, 05/14/2018 - 22:56

Kolkata, May 14 (IANS) State-run Allahabad Bank on Monday said that the Reserve Bank of India has advised certain addition actions against the lender in view of its capital adequacy and leverage ratio position, after the apex bank had imposed prompt corrective action (PCA) on it.

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DoT gives nod to Airtel-Telenor merger

Mon, 05/14/2018 - 20:18

New Delhi, May 14 (IANS) The Department of Telecommunications (DoT) on Monday approved the merger of Bharti Airtel with the Indian unit of Norwegian telecom major Telenor India, a notice said here. Airtel said it will be a seamless transition.

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Assam, Rajasthan to roll out intra-state e-way bill

Mon, 05/14/2018 - 20:04

New Delhi, May 14 (IANS) Assam and Rajasthan are set to roll out e-way bill for intra-state movement of goods from this week, taking the total number of states and union territories which have implemented the system to 20, said an official on Monday.

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Uber Eats sees 50% growth in India

Mon, 05/14/2018 - 19:42

New Delhi, May 14 (IANS) Uber on Monday announced that its food delivery app Uber Eats, launched in May last year, is experiencing a nearly 50 per cent month-on-month (MoM) growth in its first year of operations in India.

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Phenomenal rise in nuclear power in 3 years: WNA chief

Mon, 05/14/2018 - 19:36

Sochi (Russia), May 14 (IANS) Nuclear power is the only source of energy with a low carbon footprint that countries can purchase of which the world has witnessed a phenomenal expansion in the last few years, a leading expert said on Monday.

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AI could smoothen your interactions with mobile service providers

Mon, 05/14/2018 - 19:32

New Delhi, May 14 (IANS) If you get frustrated at the very thought of connecting with your mobile service provider for the time it takes to complete an interaction, there is hope. A new Ericsson report on Monday said that Artificial Intelligence (AI) and automation have the potential to solve such issues with minimal effort.

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Facebook goes after apps that access its users' data, suspends 200

Mon, 05/14/2018 - 19:08

New Delhi, May 14 (IANS) Facebook is auditing each and every app that has access to the data of its over 2 billion users and has already suspended 200 apps which failed to comply with its policies, the social media giant said on Monday.

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