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Reliance Communications to sell 51% stake in tower business to Brookfield for Rs 11,000 crore Reliance Communications to sell 51% stake in tower business to Brookfield for Rs 11,000 crore

 Reliance Communications Ltd (RCom) today announced the sale of 51 percent stake in its telecom tower business to Canada-based Brookfield Infrastructure Group, for an upfront cash payment of Rs 11,000 crore.

Reliance Industries' infrastructure arm Q2 net profit down 19% Reliance Industries' infrastructure arm Q2 net profit down 19%

Reliance Industrial Infrastructure Ltd (RIIL) has reported a 19.33 percent fall in net profit for the second quarter (Q2) of 2016-17.

Infosys announces salary revision for CFO, COO and key executives Infosys announces salary revision for CFO, COO and key executives

Country's second largest IT firm Infosys today said it has revised the pay packages of its top leadership, including Chief Operating Officer U B Pravin Rao and Chief Financial Officer M D Ranganath.

Infosys declares interim dividend of whopping 220% Infosys declares interim dividend of whopping 220%

Global software major Infosys Ltd on Friday declared an interim dividend of a whopping 220 percent or Rs 11 per share of Rs 5 face value for the first six months (April-September) of this fiscal (2016-17).

Rosneft, Essar Oil $13 billion deal to pay way for biggest FDI investment in India  Rosneft, Essar Oil $13 billion deal to pay way for biggest FDI investment in India

Russian oil giant Rosneft, together with Singapore-based trading firm Trafigura and Russia-based financial investor UCP are likely to acquire 97.4 percent stake in Essar Oil for about USD 13 billion. This transaction is expected to become the biggest foreign direct investment inflow into India.

 

 

TCS CEO N Chandrasekaran shrugs off Donald Trump, Brexit fears TCS CEO N Chandrasekaran shrugs off Donald Trump, Brexit fears

Amid apprehensions about fall-out of Brexit and the US presidential election on the outsourcing industry, India's largest software exporter TCS Thursday dismissed possibility of adverse impact.

Ruias to seal $7 billion deal to sell Essar Oil to Rosneft this weekend Ruias to seal $7 billion deal to sell Essar Oil to Rosneft this weekend

Billionaire Ruia brothers are likely to sign this weekend a USD 7 billion deal to sell most of their holding in the flagship Essar Oil Ltd to Russian giant Rosneft PJSC, commodities trader Trafigura Group Pte and some financial investors.

TCS Q2 net profit up 8.4% at Rs 6,586 crore, revenue up 7.8% TCS Q2 net profit up 8.4% at Rs 6,586 crore, revenue up 7.8%

India's largest software services provider Tata Consultancy Services on Thursday reported a net profit of 8.4 percent at Rs 6,586 crore for second quarter ending September 30, 2016.

Bank of Baroda endorses Olympians P V Sindhu, K Srikanth Bank of Baroda endorses Olympians P V Sindhu, K Srikanth

Bank of Baroda logo will now appear on the centre chest of the two athletes' playing jerseys in international and domestic tournaments under the aegis of Badminton World Federation Events- (BWF) and Badminton Association of India-sanctioned events, respectively.

UK visa crackdown: FICCI expresses concern, calls on Brit govt to exercise 'caution' UK visa crackdown: FICCI expresses concern, calls on Brit govt to exercise 'caution'

FICCI Wednesday expressed concerns over the UK government's recent announcements indicating tightening of visa regulations for students and professionals from outside the European Union, including India.

RIL's energy biz cash flow to offset outgo on spectrum: S&P RIL's energy biz cash flow to offset outgo on spectrum: S&P

S&P Global Ratings today said its rating on Reliance Industries is unaffected as the company's energy projects will soon start generating cash flows and offset the impact of outgo because of large spectrum purchase.

Spectrum buy to increase Bharti Airtel's debt by over Rs 13,300 crore: Moody's Spectrum buy to increase Bharti Airtel's debt by over Rs 13,300 crore: Moody's

Bharti Airtel, India's largest mobile operator with over 257 million subscribers, won 173.8 Mhz of airwaves for Rs 14,244 crore in the just-concluded spectrum auction.

At 1,987 km long, Indian Oil Corp to lay India's longest LPG pipeline At 1,987 km long, Indian Oil Corp to lay India's longest LPG pipeline

IOC plans to import LPG at Kandla in Gujarat and move it through the 1,987 kilometer pipeline to Gorakhpur via Ahmedabad (in Gujarat), Ujjain, Bhopal (in Madhya Pradesh), Kanpur, Allahabad, Varanasi and Lucknow (in Uttar Pradesh).

BSNL to invest Rs 2,500 crore in H2 FY17 on expansion plans BSNL to invest Rs 2,500 crore in H2 FY17 on expansion plans

Stepping up investments on projects that entail internal funding, state-owned BSNL will pump in about Rs 2,500 crore during the second half of this fiscal in various projects such as expansion of wifi hotspots, installation of mobile towers and strengthening core network.

Monika Ghurde murder: Chilling details emerge; accused sexually abused her, say cops Monika Ghurde murder: Chilling details emerge; accused sexually abused her, say cops

The accused, Rajkumar Singh, has confessed to sexually abusing Monika after tying her to bed in her apartment and also forced her to watch porn clips, they said.

Startups want more relaxed procurement norms for certain items

Government agencies may not relax procurement norms for startups on prior experience and turnover criteria in respect of goods that have implications on public safety and health.

NHAI to monetise 40 projects in 1st phase, eyes Rs 20,000 crore NHAI to monetise 40 projects in 1st phase, eyes Rs 20,000 crore

National Highways Authority of India (NHAI) eyes up to Rs 20,000 crore from monetisation of 30 to 40 projects in the first phase.