Corporates

Reliance Jio also announced a cashback of Rs 200 on purchase of the JioPhone 2 device in the sale using digital wallet Paytm. Thursday's flash sale of JioPhone 2 marks the sixth such sale since the launch of JioPhone 2 in August.

Under this sale, Amazon is offering discounts on smartphones, electronic devices, kitchen products, daily essentials, garments, among others.

IL&FS will also be the test case for National Financial Reporting Authority(NFRA), the source said.

AirAsia India is a joint venture between India's autos-to-steel conglomerate Tata Sons and Malaysian low-cost carrier AirAsia Group Bhd.

Amrapali Group has been facing the wrath of the Supreme Court since homebuyers petitioned it after not receiving their flats on time.

Flipkart kick-started its annual festive season sale - The Big Billion Days - with effect from Wednesday. Flipkart Big Billion Days sale will run from October 10-14.

The five firms constitute for more than 50 per cent of the entire group's revenue and may have diverted funds in projects that were worth Rs 30,000 crore.

The decision of SBI, said Economic Affairs Secretary Subhash Chandra Garg, should alleviate liquidity concerns of non-banking financing companies (NBFCs) to a great extent.

Snapdeal has tied up with SBI (State Bank of India), HDFC Bank, Standard Chartered, IndusInd Bank and Federal Bank for exclusive offers.

Under Flipkart's The Big Billion Days sale, customers can avail up to 90% off on fashion apparel, up to 80% discount on home, furniture, TVs and appliances and "jaw dropping deals" on mobiles, the company said.

Amrapali Group directors Anil Kumar Sharma, Shiv Priya and Ajay Kumar failed to provide the documents relating to the company's accounts to forensic auditors.

The 'Great Indian Festival sale' from Amazon comes amid high competition in the country's e-commerce market. Amazon India has also announced an "instant discount" of 10 per cent on digital payments made through SBI debit and credit cards as well as EMIs (Equated Monthly Installments), according to the e-tailer.

The statement from Amazon India comes days after a petition filed with fair trade regulator CCI alleged that the e-commerce company favours merchants that it partly owns. Amazon has scheduled its Great Indian Festival sale over October 10-15 and Flipkart's Big Billion Days sale is scheduled for October 10-14, according to their websites.

The revision in the refinance limit comes on the back of rising contagion fears after IL&FS, a major infrastructure financing and construction company, defaulted on some of its debt obligations.

The government does not yet know if it will be granted a waiver from US sanctions on Iran, he added.