Uber PREMIER service now arrives in Hyderabad, Vizag

 Ride-sharing company Uber on Monday announced the launch of its PREMIER service in Hyderabad and Vizag.

"PREMIER has enhanced the core experience of ridesharing, one that's as good as a rider's personal car. We will continue to listen to our riders and driver partners and work towards making Uber a preferred choice of commute." Shailesh Sawlani, General Manager

Ford India to hike prices by up to 4% from Jan

Ford India said it will increase prices of its models by up to 4 per cent from January to partially offset the impact of rising input costs, reported PTI. "The price increase is necessary due to several external factors, such as frequent fluctuations in commodity prices and rising input and freight costs," Ford India Executive Director - Marketing, Sales and Service, Vinay Raina said

Kharola takes charge as Air India CMD

Senior bureaucrat Pradeep Singh Kharola on Monday took charge as the Chairman and Managing Director (CMD) of Air India.

An 1985 batch IAS officer of the Karnataka cadre, he was presently Manging Director of the Bengaluru Metro.

Kharola replaces Rajiv Bansal, Financial Advisor to the Petroleum and Natural Gas Ministry, and also holding additional charge of Air India CMD.

Nifty, Sensex rise; IT, banks lead

 Indian shares closed higher for the third successive session on Monday, boosted by gains in IT and public sector bank stocks, as investors remained bullish on the outcome of a possible victory for the ruling Bharatiya Janata Party in the western state of Gujarat.

The benchmark BSE Sensex closed up 0.62 percent at 33,455.79.

The broader NSE Nifty, which finished above 1

Sadbhav Infra Project bags order from NHAI

Sadbhav Infrastructure Projects, an elite infrastructure company in India, on Monday said the company has emerged as lowest bidder for four laning of Jodhpur Ring Road by the National Highway Authority of India (NHAI).

“The company has been declared 'L1' HA

Somany Ceramics launches new product series in tiles

Somany Ceramics, a tile manufacturing company, on Monday said it has launched a new Product Series in tiles 'Glosstra Plus' - India's glossiest wall tiles on December 07, 2017. “The company has launched 'Glosstra Plus' tiles post commissioning of a state of the art plant at Kassar (Haryana) having capacity to produce 4.5 million square meter per annum of 300 mm x 600 m

Soma Textiles & Industries posts Q2 net loss of Rs 1.30 cr

The company reported standalone net loss during the quarter stood at Rs 1.30 crore as compared to net loss of Rs 4.80 crore in the previous year quarter. Net revenue of the company declined substantially by 42.85 per cent at Rs 22.99 crore in July-September quarter of this fiscal as against Rs 40.23 crore in the corresponding period last year.

During July-September quarter, operating

Aurionpro Solutions Q2 net profit down 93.87% at Rs 0.26 cr

The company reported standalone net profit of Rs 0.26 crore for the quarter ended September 30, 2017 as compared to Rs 4.24 crore in the same period last year, registering a year-on-year decline of 93.87 per cent. Net revenue of the company rose substantially by 27.10 per cent at Rs 91.82 crore in July-September quarter of this fiscal as against Rs 72.24 crore in the corresponding period last y

India`s fuel demand rose 6.2 percent in November

India's fuel demand rose 6.2 percent in November compared with the same month last year.

Consumption of fuel, a proxy for oil demand, totalled 17.41 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.

Sales of gasoline, or petrol, were 4.8 percent higher from a year earlier at 2.12 million tonnes.

Cooking gas or

India government favours petcoke import ban, U.S. would be biggest loser

By Sudarshan Varadhan

NEW DELHI - India's government is in favour of banning imports of petroleum coke to curb air pollution, according to a government affidavit filed with its top court, which could be a big blow to U.S. refiners who export heavily to the country.

The Supreme Court, which in October banned the use of petroleum coke in and around New Del

Infosys severance pay plea: `It`s a matter of legality for SEBI, not emotions`

Former Infosys Chief Financial Officer V Balakrishnan today said it was not a matter of whistleblower's emotions, but of legality for Sebi to decide on denying company's consent plea in connection with ex-CFO Rajiv Bansal's severance payment case, reported PTI. "The whistleblower has said whatever he wants to say as per his viewpoint.. These are legal issues decided based on me

Asian Oilfield Services gets order from Oil India

Asian Oilfield Services said that it has received a contract worth Rs 69 crores from Oil India Limited. “Asian Oilfield Services Limited received letter of Award of Contract from Oil India Limited for a period of Twelve (12) Months at an estimated contract cost of INR 69,01,70,000/- (Indian Rupees Sixty Nine Crores One Lakh Seventy Thousand only),” the company said in a filing to th

Passenger vehicle sales rise 14.29% in November; car sales up

Domestic passenger vehicle sales rose 14.29 per cent to 2,75,417 units in November from 2,40,983 units in the same month last year, reported PTI. Domestic car sales were up 4.49 per cent to 1,81,395 units as against 1,73,607 units in November last year, according to data released by the Society of Indian Automobile Manufacturers (SIAM). Motorcycle sales last month rose 23.25 per cent to 9,59,12

Tata Motors to hike prices of passenger vehicles

Tata Motors on Monday said it will increase prices of its entire passenger vehicle range by up to Rs 25,000, starting from January, due to rising input costs.

"The changing market conditions, rising input costs and various external economic factors have compelled us to consider the price increase," said Mayank Pareek, President, Passenger Vehicle Business, Tata Motors.

Nifty, Sensex gain; banks lead

By Arnab Paul

Indian shares rose on Monday, tracking Asian peers that climbed on positive U.S. payrolls and Chinese trade data, with investors continuing to bet on a possible win for the country's ruling party in a key state election.

Markets are hoping for a big success by Prime Minister Narendra Modi and his ruling Bharatiya Janata Party in assembly elections in Gujara

Air India starts Bhubaneswar to Bangkok flight

Bhubaneswar: The maiden direct flight of Air India from Bhubaneswar to Bangkok was flagged off by Odisha Chief Minister Naveen Patnaik from the Biju Patnaik International Airport (BPIA) here from Sunday.

The flight will be operated on every Thursday and Sunday.

Describing this as a historic moment, Patnaik said he hoped it will further strengt

Airtel to connect 2,100 uncovered villages in northeast

New Delhi:  Telecom major Airtel on Sunday said it will provide mobile connectivity in 2,100 uncovered villages and national highways in the northeastern states over the coming 18 months.

This work is to be undertaken under an agreement with the Department of Telecom (DoT), a company release said here.

"Bharti Airtel has signed an ag

Macro-data, parliament session to steer equity indices

Upcoming macro-economic data points, coupled with the commencement of parliament's winter session and global cues, especially crude oil prices, are expected to determine the trajectory of the key equity indices in the coming week.

According to market observers, other factors like the expectations on the outcome of the Gujarat assembly elections, along with the direction of foreign

Indiabulls Housing Finance sells lndiabulls Life Insurance

 Indiabulls Housing Finance on Saturday said that it has sold 100 per cent of its shareholding in "lndiabulls Life Insurance Company Limited".

According to a BSE filing, it sold the non-operational company with "no business or license", to SORIL Holdings and Ventures Limited ("SHVL"), at face value for an aggregate cash consideration of Rs 5 lakh.&nb

Equity indices recoup amid strong global cues, bargain hunting

 Robust buying during the last two sessions of the trading week amid strong cues from the global markets and persistent pumping in of funds by domestic institutional investors (DIIs) lifted the key domestic equity indices from their previous week's lows.

Market observers said the upward rally was also fuelled by positive hopes of the ruling BJP's win in the crucial two-ph

Air India seeks Rs 1,500 cr short-term loans

National passenger carrier Air India has invited bids from banks for Rs 1,500-crore government guarantee-backed "Short Term Loans (STLs)".

The airline has called for financial bids by December 12.

"Air India is looking for Government Guarantee backed INR STLs totalling to Rs 1,500 crore to meet its urgent working capital requirements," the airli

IndiGo to launch Tirupati-Hyderabad flights from next month

Leading low-cost carrier, IndiGo on Friday announced that it is adding Tirupati on its network from January 7 with daily flights to Hyderabad and Bengaluru.

Tirupati will be connected by three daily non-stop flights to Hyderabad and double daily non-stop flights to Bengaluru, the airline said in a statement.

Apart from this, Tirupati will also be connected to many new cities

Tata Steel receives PM`s Trophy for best steel plant

Tata Steel Ltd has been awarded the Prime Minister's Trophy for 'Best integrated steel plant' for 2014-15 and 2015-16.

This is the third time in a row that the award has been given to Tata Steel.

Vice President M. Venkaiah Naidu on Friday presented the award to Anand Sen, President, TQM & Steel Business, Tata Steel and R Rabi Prasad, President, Tata Workers&#

Axis Bank reappoints Shikha Sharma as MD & CEO for 3 yrs

Private sector lender Axis Bank on Friday said that its board has reappointed Shikha Sharma as the Managing Director & CEO of the bank for a period of 3 years, w.e.f. 1st June 2018. “The Board of Directors at its meeting held on 7th December 2017, has approved the terms and conditions relating to the said re-appointment, including remuneration, in terms of the relevant provision of th

Court says government can take control of Unitech

NEW DELHI- An Indian court on Friday allowed the government to take over management control of the debt-laden property developer Unitech Ltd, a rare intervention that the government said was to protect the public interest.

A government lawyer said it wanted to prevent Unitech becoming insolvent and protect 19,000 home buyers who have yet to be handed apartments they h