Boeing launches HorizonX India Innovation Challenge

XGlobal aerospace major Boeing on Tuesday announced the launch of the "Boeing HorizonX India Innovation Challenge 1.0".

According to the company, it has collaborated with startup ecosystem builder T-Hub for the challenge.

"The Boeing HorizonX India Innovation Challenge is aimed at attracting the best Indian startups to propose disruptive solutions to tackle co

RCOM enters into pact to sell DTH operation

 Reliance Communications (RCOM) on Tuesday said it has entered into a binding "Share Purchase Agreement" with Pantel Technologies and Veecon Media & Television for the sale of its subsidiary Reliance BIG TV (RBTV).

According to the company, pursuant to this transaction, the buyers will acquire the entire shareholding of its subsidiary engaged in the business of Dire

NLC shares worth Rs 39 crore transferred to Bharat 22 ETF

The central government on Tuesday transferred its shares in NLC India worth Rs 39 crore to Bharat 22 Exchange Traded Fund (ETF) as per an announcement earlier this year as part of its disinvestment programme, according to a company regulatory filing.

NLC India, formerly Neyveli Lignite Corp, is engaged in mining of lignite and generation of power through lignite-based thermal power pl

Birla Cotsyn (India) posts Q2 net loss of Rs 23.91 cr

The company reported standalone net loss during the quarter stood at Rs 23.91 crore as compared to net loss of Rs 21.07 crore in the previous year quarter. Net revenue of the company rose marginally by 2.25 per cent at Rs 23.16 crore in July-September quarter of this fiscal as against Rs 22.65 crore in the corresponding period last year.

During July-September quarter, operating expens

Cheviot Co Ltd Q2 net profit up 28.18% at Rs 14.42 cr

The company reported standalone net profit of Rs 14.42 crore for the quarter ended September 30, 2017 as compared to Rs 11.25 crore in the same period last year, registering a year-on-year growth of 28.18 per cent. Net revenue of the company declined moderately by 17.58 per cent at Rs 94.74 crore in July-September quarter of this fiscal as against Rs 114.95 crore in the corresponding period las

Adhunik Industries Q2 net profit down 72.22% at Rs 0.15 cr

The company reported standalone net profit of Rs 0.15 crore for the quarter ended September 30, 2017 as compared to Rs 0.54 crore in the same period last year, registering a year-on-year decline of 72.22 per cent. Net revenue of the company rose substantially by 48.00 per cent at Rs 131.11 crore in July-September quarter of this fiscal as against Rs 88.59 crore in the corresponding period last

ADF Foods Q2 net profit zooms 111.96% at Rs 5.85 cr

The company reported standalone net profit of Rs 5.85 crore for the quarter ended September 30, 2017 as compared to Rs 2.76 crore in the same period last year, registering a year-on-year growth of 111.96 per cent. Net revenue of the company declined marginally by 2.09 per cent at Rs 39.78 crore in July-September quarter of this fiscal as against Rs 40.63 crore in the corresponding period last y

Coal India to raise executive salaries at a cost of 8 billion rupees

NEW DELHI  - Coal India Ltd, the world's largest coal miner, will pay its executives about 8 billion rupees ($124.08 million) in salary rises retroactive from January this year, interim chairman Gopal Singh told Reuters.

The pay increase, which was approved by the board last week, comes over a month after the company approved a rise in the salaries of its wor

Mobile data traffic in India to grow 11 times by 2023: Ericsson

 India, with 1.185 billion mobile users in the third quarter this year, will see a surge in mobile data traffic that is expected to grow 11 times -- from 1.3 Exabytes to 14 Exabytes -- by 2023, a new report claimed on Tuesday.

According to the Ericsson Mobility Report, the monthly data usage per smartphone (GB/month) in India will increase five times -- from 3.9GB in 2017 to 18GB

India names Pradeep Kharola as Air India chairman

 India on Tuesday appointed Pradeep Singh Kharola as chairman and managing director of state-owned Air India, replacing Rajiv Bansal, who had been at the helm for the last three months.

Kharola is currently the managing director of Bangalore Metro Rail Corp Ltd.

India is considering selling the airline in parts to make it attractive to potential buyers, as it reviews op

Equity indices snap eight-day gaining streak

 Breaking an eight-day winning streak, key Indian equity indices on Tuesday succumbed to heavy selling pressure and provisionally closed in the red.

Market observers pointed out that heavy selling pressure was observed in index heavyweights like NTPC, Bharti Airtel, Tata Motors, Infosys and Sun Pharma.

The wider Nifty50 of the National Stock Exchange (NSE) fell by 37.15

Hind. Food Q2 net profit zooms 389.47% at Rs 0.93 cr

The company reported standalone net profit of Rs 0.93 crore for the quarter ended September 30, 2017 as compared to Rs 0.19 crore in the same period last year, registering a year-on-year growth of 389.47 per cent. Net revenue of the company rose three fold by 365.88 per cent at Rs 23.76 crore in July-September quarter of this fiscal as against Rs 5.10 crore in the corresponding period last year

Nutraplus India Q2 net profit down 31.25% at Rs 0.11 cr

The company reported standalone net profit of Rs 0.11 crore for the quarter ended September 30, 2017 as compared to Rs 0.16 crore in the same period last year, registering a year-on-year decline of 31.25 per cent. Net revenue of the company rose substantially by 29.89 per cent at Rs 24.51 crore in July-September quarter of this fiscal as against Rs 18.87 crore in the corresponding period last y

Bharti Airtel, Coursera partner for future-ready workforce

Bharti Airtel on Tuesday announced a partnership with US-based edutech company Coursera to equip its workforce with advanced skills.

Under this partnership, the Airtel employees will get access to advanced digital courses from premier global institutions across domains, including emerging/network technology and Cloud computing.

"The partnership with Coursera will help u

RCom debt restructuring clouded by CDB insolvency action

MUMBAI/BEIJING  - Indian telecom player Reliance Communications' (RCom) planned debt restructuring could be complicated by China Development Bank's (CDB) triggering of insolvency action against the beleaguered company.

CDB initiated insolvency proceedings on Friday at India's National Company Law Tribunal (NCLT), the bank said in a brief statement to

CSC to play key role in Digital India programme: Minister

Alphons Kannanthanam, Minister of State Electronics & IT, in the workshop of District Managers of CSC mentioned that the Common Service Centre have to play a significant role in Digital India initiatives of the government. He said that CSC rural entrepreneurs have the ability to revolutionize India by empowering rural citizens and providing opportunities to access various government and oth

Reliance Retail restarts the process of JioPhone booking

Reliance Retail has restarted the process of booking for JioPhone, but this time it will be open to only those who have earlier expressed interest in buying the phone, reported PTI. The company has started sending out messages to potential buyers who had shown interest in buying the phone in July. Interested buyers can click on the link or make call to the number displayed in the message.

Wipro recognized as leader by Everest Group

Wipro Limited, a leading global information technology, consulting and business process services company has said that it has been recognized as a leader by Everest Group PEAK MatrixTM in healthcare payer IT services. The report assesses twenty IT Service Providers, specific to the global healthcare sector, on four key areas, performance, experience, ability and knowledge (PEAK).

A we

RCOM enters into SPA with Pantel Technologies

Reliance Communications Limited (RCOM) has said that it has entered into a binding Share Purchase Agreement with Pantel Technologies Pvt Limited and Veecon Media & Television Limited for sale of its subsidiary Reliance BIG TV Limited (RBTV), engaged in the business of Direct-to-Home (DTH) services across India. Pursuant to this transaction, the buyers will acquire the entire shareholding of

Infosys enters into partnership with State of Rhode Island

Infosys, a global leader in consulting, technology and next-generation services has said that it has entered into a multi-year partnership with the State of Rhode Island to establish an Infosys Design and Innovation Hub. Infosys will also hire 500 American workers in Rhode Island over the next five years. “Today’s partnership with Rhode Island marks another important step forward fo

PNB to sell 6% stake in PNB Housing Finance

Punjab National Bank on Monday said it will off-load up to six per cent of its stake in PNB Housing Finance.

According to a BSE filing, the state-run bank plans to sell up to 99,94,000 equity shares.

The offer will be opened on November 28 for non-retail investors only and on November 29 "for Retail Investors and for non-Retail Investors who choose to carry forward thei

Equity indices trade in red on profit booking

Key Indian equity indices traded in the red during the mid-afternoon session on Tuesday as negative Asian indices as well as profit booking in oil and gas and consumer durables stocks kept investors' sentiments subdued.

Index heavyweights like ONGC, Power Grid, NTPC, Reliance Industries and ICICI Bank traded lower on the BSE market breadth.

At 12.35 p.m., the wider Nifty

Indian steel firms can meet railways` needs: government panel

NEW DELHI  - Indian steel companies can meet the needs of the country's railways and local rail market entrants such as Jindal Steel and Power Ltd should be given a chance, a government panel said in a document seen by Reuters.

Jindal Steel told the committee this month it could supply up to 600,000 tonnes of rails per year to Indian Railways, which recently

Coca-Cola India plans to be $2.5 bn FMCG by 2020

Coca-Cola's Indian arm on Monday announced plans to become a fast moving consumer goods (FMCG) giant worth $2.5 billion by 2020, the realisation of which would involve some restructuring.

To this end, the company aims to open one million new outlets by 2020, a Coca-Cola release said here. It currently distributes its products through two million outlets across 25 Indian states.

Infosys to modernise mainframe computing system of enterprises

Software major Infosys on Monday said it was partnering with global IT major Hewlett Packard Enterprise (HPE) to modernize mainframe computing system of enterprises worldwide.

"Our mainframe modernisation solution with HPE's mission critical computing systems will offer enterprises an integrated platform to transform their legacy applications to the latest hardware and softwa