Corporates

The current smartphone user base in India is at 400 million which is set to grow by leaps and bounds.

Reliance Communications said its loss narrowed in the first quarter and it is confident of closing the debt resolution process by September-end.

Rajan Anandan takes over from Pramod Bhasin, founder of Clix Capital, after his successful two-year stint as the president at TiE Delhi-NCR - a non-profit organisation dedicated to fostering entrepreneurship.

BookMyShow's existing investors are Stripes Group, Network 18, Accel Partners and SAIF Partners.

Many brands decided it's smarter to offer steep discounts and pay Amazon for advertising to win sales on the site than to sit out an event estimated to generate $3.4 billion in spending.

Insurance regulator Irdai has given its approval for the stake purchase stipulating that the interests of LIC policyholders are to be protected and reduction of LIC's stake in IDBI Bank over a period of time.

Before the earnings report, Netflix shares had gained 109 per cent, making it the second-strongest performer on the S&P 500 index.

With the announcement of new direct flights, IndiGo makes Surat the 56th destination served by it. IndiGo also announced fares starting at Rs 1,999. The new non-stop flights will connect Surat with cities such as Delhi, Bengaluru and Mumbai, among others. IndiGo started operations the new daily direct flights on the Surat-Delhi, Surat-Bengaluru, Surat-Mumbai, Surat-Jaipur, and Surat-Hyderabad routes in one month from now.

The rise of low-cost long-haul travelling has been led by Asian carriers such as AirAsia, as well as Norwegian Air Shuttle across the Atlantic, although it remains to be seen whether it can be profitable in the long run.

LIC has been looking to enter the banking space by acquiring a majority stake in IDBI Bank as the deal is expected to provide business synergies despite the lender's stressed balance sheet.

Google might face a fine of up to 10 per cent of its parent company Alphabet's annual turnover, or 9.5 billion euro (8.4 billion pound).

The announcement of the 1:1 bonus by Infosys means that existing shareholders will get one share for each share held.

Southwest Airlines and Salesforce.com followed in second and third place, respectively.

HCL Tech share price lost 2 per cent in trade on Friday after the company announced a share buyback offer worth Rs 4,000 crore.

Northern TK Venture Pte Ltd, Singapore, a unit of IHH, will be issued 235.3 million new Fortis shares through a preferential allotment, giving it roughly 31 per cent of the company's total voting equity share capital.