Industries

Billionaire Mukesh Ambani's Reliance Jio on March 31 announced it had notched an unprecedented 72 million paid subscribers, and extended by a fortnight its deadline for migrating other subscribers to its paid offer.

Uday Kotak, whose bank is widely speculated to be interested in buyouts, acknowledged that consolidation is something his bank is interested in.

From the date of import of equipments for power production, large power producers will now have 120 months to furnish details to tax authorities to avail of tax benefits, the government's spokesman Frank Noronha said in a tweet.

SAIL, which has been overtaken by JSW Steel as India's biggest producer, has posted seven straight quarterly losses, and Reuters reported last week that it was at risk of losing business from its biggest client.

Scheduled commercial banks have the freedom to fix service charges on various services rendered by them, as per their board-approved policy.

NITI Aayog, tasked with preparing a roadmap for ailing public sector undertakings, had earlier identified 26 sick central public sector enterprises (CPSEs) for closure, of which 7 received cabinet nod.

As per the directions of RBI and Government of India, all authorised branches for government transactions would function on all days from March 25 to April 1.

InterGlobe Aviation, which operates Indigo, is the country's most valued aviation company with a wide margin at a market cap of Rs 36,652.89 crore.

The state-owned aviation firm will also offer a 20-minute helicopter ride for Rs 4,999.

The Board of Indian Oil Corp (IOC) declared second interim dividend of Rs 4.50 per share or 45 per cent of equity share capital.

The proposal on draining surplus cash through such a facility had previously been mooted by the Reserve Bank of India.

Until now, IT companies typically applied for multiples of the visas they expect to need because the system operates as a lottery.

A source said the rule would cover around eight to 10 foreign airlines. A separate government official confirmed an Associated Press report that the ban will affect 10 airports in eight countries in the Middle East and North Africa.

The combined Vodafone-Idea group would have almost 400 million customers, or 35 percent market share with an implied enterprise value of Rs 82,800 crore for Vodafone and Rs 72,200 crore for Idea.

The combined entity of Aditya Birla group's Idea Cellular and Vodafone India will have the widest network in the country and pan-India 3G/4G footprint, the companies said in a statement.