Business, Companies, 2nd Aug 2018, News & Stories from India

Thursday, Apr 25, 2024 | Last Update : 10:46 PM IST

Business Companies 02 Aug 2018

Business, Companies, 02 Aug 2018

State Bank and Reliance Jio, which are partners in a payment bank venture, on Thursday extended the same to the digital payments space that will help ramp up the nation's largest lender's digital customer base multi-fold. (Photo: AFP)

SBI, Jio extends partnership to digital payments area

SBI and Jio has a joint venture for payment bank- Jio Payments Bank.

02 Aug 2018 7:49 PM

State-owned Oil and Natural Gas Corp (ONGC) on Thursday reported 58 per cent jump for the June quarter net profit on realising higher prices for its produce.

ONGC Q1 net profit up 58 per cent to Rs 6,144 crore

The company said in a stock exchange filing that its revenue from operations rose to Rs 27,212.83 crore.

02 Aug 2018 5:39 PM

Social networking giant Facebook on Thursday said it has expanded its partnership with BOOM Live to provide fact-checking capabilities in Hindi and Bengali as well as fact-check photos and videos. (Photo: AP)

Facebook expands partnership with BOOM Live to spot fake news

BOOM was mandated to review English language news stories flagged on Facebook, check facts, and rate their accuracy.

02 Aug 2018 4:53 PM

$Optiemus Infracom, which makes BlackBerry phones for the Indian market, expects the brand to capture 10-12 per cent market share of the Rs 25,000-45,000 smartphone segment by the end of this year.$

BlackBerry eyes 10-12 per cent share in Indian smartphone market

Optiemus Infracom has a manufacturing and distribution tie-up with BlackBerry for India and neighbouring markets.

02 Aug 2018 3:09 PM

CIL has pegged its production estimate at 630 MT in 2018-19.

Coal India output rises 14 per cent to 177 million tonnes in 4 months

The state-owned firm accounts for over 80 per cent of the domestic coal production.

02 Aug 2018 1:37 PM

Starbucks on Thursday announced a partnership with e-commerce giant Alibaba that will give the US coffee giant greater access to China's growing food-delivery market as it faces increased competition from local firms.

Starbucks joins with Alibaba for coffee deliveries

The move comes as Seattle-based Starbucks faces a challenge from upstart Chinese company Luckin Coffee.

02 Aug 2018 1:03 PM

Apple’s stock market value at $973 billion, based on its newly disclosed number of shares. (Photo: Pixabay)

Apple's ride to USD 1 trillion: The magic number that gets it there

Apple bought back a record $43 billion of its own shares in the first six months of 2018.

02 Aug 2018 12:08 PM

The government is also working on ways to improve the performance of Air India.

Govt has no plan to completely exit Air India, says Sinha

As per its audited accounts, the airline's total cumulative losses stood at Rs 47,145.62 crore in financial year 2016-17.

02 Aug 2018 9:32 AM

Nissan continues to work with the government to resolve this matter,” a company spokesman said in a statement.

Nissan close to settling dispute with India over unpaid incentives

Nissan would drop the arbitration case against India once the settlement was agreed.

02 Aug 2018 8:27 AM

The iPhone maker usually launches new mobile models in September, which includes a few days worth of sales in the fiscal fourth quarter.

Bright forecast helps Apple near $1trillion

Pricey iPhone X boosted Q3 margins and created optimism for company.

02 Aug 2018 1:47 AM

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Dilip Cherian