Business

The merger of Idea Cellular with Vodafone India comes amid high competition in the telecom sector

Idea Cellular shareholders on Tuesday approved the resolution to change the name of the company to Vodafone Idea Ltd. Idea Cellular conducted an extraordinary general meeting in Gujarat. Aditya Birla Group company Idea Cellular said in a regulatory

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Fugitive business person Vijay Mallya, who is wanted in India over loan default, Tuesday broke his silence by launching the letters he wrote to the PM Modi and finance minister Arun Jailtey where he implies that he has actually been unfairly treated by the companies including CBI, ED and earnings tax department. In the letter, he prompted the PM Modi to select an
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For the 6th day in a row, petrol prices were cut on Tuesday across all cities. Fuel prices have been lowered by upto 14 paise in Delhi and Kolkata, by 18 paise in Mumbai and by 15 paise in Chennai. Now, after the Tuesday's rate cut, the fuel rates in city cities of Delhi, Kolkata, Mumbai and Chennai
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Non-performing assets are likely to rise from 11.6% in March 2018 to 12.2% by end of FY19, said RBI.

Mumbai: Gross non-performing assets (GNPAs), or bad loans, ratio in the Indian banking system is likely to rise from 11.6 per cent in March 2018 to 12.2 per cent by the end of March next year, the Reserve Bank of India said on Tuesday. Referring to

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Sovereign, however, traded flat at Rs 24,800 per piece of eight grams in scattered retailer enquiries.

New Delhi: Gold prices moved down by Rs 55 to Rs 31,595 per 10 grams on Tuesday, mainly on sluggish trend overseas amid easing demand from local jewellers. On the other hand, silver reclaimed the Rs 41,000-mark by rising Rs 100 per kg on scattered
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INR vs USD: Weakness in the equity markets added to pressures on the rupee against the dollar

The rupee weakened by 29 paise to finish at 68.13 against the US dollar on Monday. Demand for the greenback from importers and banks put pressure on the
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INR Vs USD: Steady capital outflows and a marginal rise in crude prices also added pressure on rupee

Continued its downward movement against the US dollar today, the rupee weakened by 11 paise to close at 68.24 against the greenback. Increased demand for the American currency put pressure on the rupee, according to market observers. At 68.24, the

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Reliance Jio's recharge plan priced at Rs. 449 deals 273 GB data for a duration of 91 days. Telecom business are providing data packs at attractive prices which are highly popular amongst customers. All the telecom operators are coming up with brand-new packs
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PolicyBazaar.com records sale of nearly 300,000 transactions a month, ETechAces said in a statement

Online insurance aggregator PolicyBazaar has raised more than $200 million (Rs 1,362 crore at $1 = Rs 68.13) in a new round of funding led by SoftBank
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Jet Airways is also offering up to 25 per cent discount on domestic flight tickets.

Jet Airways has announced an additional flight between Delhi and Dhaka with effect from Tuesday, said the country's second-largest airline in a press release. This planned expansion - includes a four-day-week operation. Bookings for the new service are open and

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The six-member bank consortium included SBI, IDBI, and United Bank of India, others

State-run lender United Bank of India on Tuesday clarified that it never had any exposure to DSK Developers, which is embroiled in a loan fraud controversy that led to
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Country needs about $200 billion investment into the infrastructure sector annually, said the CEO

Mumbai: The National Infrastructure and Investment Fund (NIIF) is looking to launch a $2-billion long-term fund to finance various mega projects. The new fund has already been registered. The NIIF already has two operational funds -- the NIIF master
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atkal booking opens at 10 AM for AC classes and 11 AM for non-AC classes.

IRCTC (Indian Railway Catering And Tourism Corporation) offers booking of Tatkal tickets online via its website/app. Tatkal tickets booking are meant for immediate plans. According to IRCTC, Tatkal ticket bookings are allowed in all classes except first AC and executive

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AirAsia is offering 20 per cent discount on international flight tickets on all seats of all flights, said the carrier on its official website- airasia.com.  AirAsia's latest on international flight tickets are available on flights flying to Kuala
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Top crude oil producers agreed to boost production by around a million barrels a day from July

With the key meeting of OPEC now behind, petroleum investors are looking out for the next trend in crude oil prices. While crude oil prices jumped after the
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Rescuing a dying bank with taxpayers' money is often the only way to prevent a costlier contagion. But nursing a deposit-taking institution by tapping life-insurance premiums of policyholders That's like allowing a localized infection to spread all over, hoping the natural immunity of an otherwise healthy body will help beat back the germs.

India's

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When rains have lashed parts of Maharashtra causing considerable damage in the highly-populated places including Mumbai and the adjoining areas where four persons have died in the past 24 hours. Among the four people who died included a 15-year-old
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IRDAI does not allow LIC or any other insurer to own more than 15 per cent in any company.

Mumbai: The government today sounded evasive about the media reports that it was planning to ask LIC to take a controlling stake in the crippled IDBI Bank, saying the boards of the respective entities will take a call on the matter. "Both IDBI Bank and LIC
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The number of frauds reported by banks increased from 4,693 in 2015-16 to 5,904 in 2017-18.

New Delhi: Eleven public sector banks that are under the RBI's watchlist for mounting bad loans today expressed confidence before a parliamentary committee that they would emerge out of the central bank's Prompt Corrective Action (PCA) framework by 2020,

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Varroc Engineering IPO opened on Tuesday. The Varroc Engineering IPO's price band has been fixed in the range of Rs 965 and Rs 967. Varroc group started in 1988. The company is a global tier-1 automotive component manufacturer and supplier of exterior
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William Boulter, who is currently IndiGo's chief strategy officer, will be taking over as CCO

Sanjay Kumar, chief commercial officer (CCO) of IndiGo, has resigned from the airline, with effect from July 15, 2018, to pursue other career interests, said
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India's stock market indices closed Tuesday's session marginally higher. The S-P BSE Sensex rose 19.69 points, or 0.06 per cent, to close at 35,490.04. The NSE's Nifty50 index rose 6.70 points or 0.06 per cent and settled at 10,769.15. However, in the early trade today, domestic equity indices opened on lower note but pared losses in late mor

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India's stock markets opened lower on Tuesday as the market benchmark index Sensex declined 114 points to open at 35,355.72 points. However, the losses were quickly pared, and the benchmark index retreated to trade in the positive range. At 12.44 pm,
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Thirty five stocks on the 50-scrip Nifty index finished in the negative zone

The Sensex shed 219 points to close at 35,470 on Monday. The NSE Nifty declined 59 points to settle at 10,762. Domestic equity markets tracked weakness in Asian peers, where renewed US-China trade concerns hurt sentiments. Losses in

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Idea Cellular is holding an EGM to approve the modalities of merger with Vodafone India

Idea Cellular shares closed over 3 per cent higher on on Tuesday, a day marked with its extraordinary general meeting (EGM) that is being held to deliberate over the modalities of its merger with Vodafone India. The Aditya Birla Group's telecom company will

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Weakness in the rupee came despite a sharp pull back in crude prices last week.

Extending the losses, the Indian rupee on Tuesday dropped further by 7 paise to open at 68.20 against the US dollar in early trade. The weakening of Indian rupee is due to
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Sovereign however remained unaltered at Rs 24,800 per piece of eight gram in limited deals.

New Delhi: Gold gained Rs 50 to close at Rs 31,650 per ten gram at the bullion market on Monday on persistent buying by local jewellers despite a weak trend
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Analysts view a further decline of 5 per cent in Tata Motors shares as a good buying opportunity

Tata Motors shares declined further on Tuesday, extending losses to the second straight day. Tata Motors shares closed 4.4 per cent lower at Rs 276.55 apiece on the Bombay Stock Exchange (BSE). Tata Motors shares had opened at Rs 289.70 and hit an

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Bengaluru: Software significant Infosys on Monday rejected an investigation by the US regulatory watchdog SEC versus it and said it would file Form 20F within the specified time. Speculation that the Form 20F is not filed in time or there is an ongoing SEC investigation is baseless and inaccurate, an Infosys official told IANS here.Responding to media
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There was no disruption in running of trains on Western Railway suburban section.

Indian Railways operated Western Railway has mentioned a list of trains rescheduled today because of Mumbai rains on its official twitter handle- @WesternRly. Several trains are running late or have been rescheduled due to heavy Mumbai rains. The Southwest Monsoon
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