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GE was under pressure to report strong cash flow after a weak showing in Q1that included an unexpectedly large $1.6 billion outflow of cash due to slow customer payments and failure to deliver parts.
21 Jul 2017
Led by the gain in the stock, the company's market valuation surged Rs 18,724.39 crore to Rs 5,15,790.39 crore.
Shares of Idea Cellular went down by 3.11 per cent to end at Rs 91.90 while Bharti Airtel fell by 2.05 per cent to Rs 411.15 on BSE.
Had the lawsuit been allowed to proceed, the case would have been the largest and most complex in UK legal history and would have tested the limits of the new Consumer Rights Act, sources said.
The tender formalities are complete and a total of 1,150 4G sites will be installed in both the States and the 4G services will be launched by March 2018, sources said.
Domestic production of cellular mobile handsets witnessed a growth of 185 per cent in value terms in 2015-16 compared to 2014-15 and 67 per cent in 2016-17 as against 2015-16, Telecom Minister said.
In June this year, the imports of the precious metal had risen to USD 2.45 billion from USD 1.20 billion in the same month previous year.
Local gold prices have risen 2.7 percent since July 10 after falling to the lowest level in six months.
Dispelling concerns that private insurers are profiting from the crop insurance scheme PMFBY, Agriculture Minister Radha Mohan Singh said even States can set up insurance firms.
The notes in circulation as on June 23, 2017 stood at Rs 15,074.43 billion as against Rs 17,540.22 billion as on October 28, 2016, Minister of State for Finance Arjun Ram Meghwal said today.
According to data shared by the minister, the shipments of cotton textiles from India stood at Rs 70,936 crore during 2016-17, as against Rs 72,994 crore in the previous financial year.
Emerging equities rose over 17 percent in the first half of the year, attracting net inflows of $42.3 billion, according to EPFR Global.
Private telcos understated revenues to the extent of Rs 61,064.5 crore during 2010-11 and 2014-15, leading to a "short payment" of Rs 7,697.6 crore to the government, the CAG said.
Finance Minister Arun Jaitley on Friday introduced a Bill in the Lok Sabha to repeal the necessary Acts in wake of the merger of State Bank of India (SBI) with its subsidiary banks.
Reliance gained 3.7 percent, but its telecom rivals slumped, with Bharti Airtel Ltd ending down 2 percent and Idea Cellular Ltd falling 3.3 percent.
The official indicated that the government will expedite the approvals of copyrights to under three months.
India's edible oil imports are set to fall for the first time in six years as a surge in local oilseed output cuts into overseas purchases, sources said.
Speculation have been sparked that the Indian motorbike manufacturer may be close to a partnership or deal with iconic European motorcycle brand Ducati, which is being sold by Germany's Volkswagen.
He declined to elaborate whether the budget presentation would be advanced to November or December from February 2018.
Natarajan joined Adobe in 2008 and has been instrumental in leading product development of award-winning products like Adobe Illustrator, InDesign, Dreamweaver, Flash and Lightroom.
Public sector lender Indian Bank has reported a 21.16 per cent rise in net profit to Rs 372.40 crore for the first quarter ended June 30 of the 2017-18 fiscal.
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