Business

The combined operations of Idea and Vodafone will create india's largest telecom operator worth over USD 23 billion (or over Rs 1.5 lakh crore), with a 35 per cent market share and a subscriber base of around 430 million.

Reliance launches advanced fiber-based broadband connectivity service called JioGigaFiber.

Prices are rising, especially for steel and aluminum, and companies are starting to feel reticent about investments or plan to shift production overseas to avoid retaliation against US exports.

The Income Tax Department had observed a dedicated fortnight from June 1-15, which was later extended to June 30 in certain regions, to expeditiously clear pending matters of appeal effect and rectification.

IT majors Tata Consultancy Services (TCS) and Infosys have emerged as the biggest gainers. The m-cap of TCS soared Rs 13,553.16 crore to Rs 7,07,214.41 crore.

Model 3 sales are critical to Tesla's future. The company has never posted a full-year profit, and it burned through more than $1 billion in cash in the first quarter.

The company, it said, will continue to evaluate and pursue growth opportunities in India through organic and inorganic options in the future to grow in line with the underlying Indian economy.

According to PwC's Global Top 100 ranking, released on Thursday, the total capitalisation of the top 100 global companies has grown on a year-on-year basis, since the global financial crisis.

NBFCs being the key financiers to the CV segment would benefit from the expected new vehicle sales growth and demand for used vehicles in FY19, Icra said in its report on Thursday.

This is the lowest closing for home currency since November 24, 2016, when it had settled at 68.73.

This is the first time in so many years that deputy managing directors of the country's largest lender State Bank of India (SBI) will appear for interview for the post of MDs of the nationalised bank.

A 162-page internal report, produced by PNB officials tasked with probing the fraud, lays bare widespread risk-control and monitoring lapses in many areas of the bank.

The import duty hike would be effective from August 4, the Finance ministry said in a notification. The import duty on chickpeas and Bengal gram has been increased to 60 per cent, while that on lentils has been hiked to 30 per cent.

India last month failed to attract buyers for the government's 76 percent stake in the debt-laden carrier, in a blow to Prime Minister Narendra Modi's credentials as a reformer willing to step away from running money-losing businesses.

Last month, RVNL had received capital markets regulator SEBI's go-ahead to float an IPO by selling 2.08 crore equity shares or 10 per cent stake of the government.

The union has also suggested that RBI to undertake random but periodic supervision of bank branches across the country covering at least 10 per cent of branches across the regions on an annual basis.