Bharti Airtel to spend $310 million to improve customer service

NEW DELHI - India's top phone carrier Bharti Airtel Ltd plans to invest 20 billion rupees ($310 million) over three years on a programme to improve customer experience, as it pushes back against new rival Reliance Jio that has disrupted world's second-biggest mobile phone market by customers.

 
As part of the programme, dubbed Project Next
Non-life insurers' premium income grows 22% in Q1

Thirty non-life insurers posted a 21.95 per cent increase in their gross premium income to Rs 33,302.89 crore in the first three months of the current fiscal as compared to Rs 27,309.59 crore in the same period last year, Insurance Regulatory Authority of India (IRDAI) data revealed on Monday.

According to the data, the gross direct premium income underwritten in June was at Rs 1

Sony India unveils 'smart' audio system at Rs 33,990

Sony India on Monday launched a new high-power, portable home audio system at Rs 33,990 in India.

The product will be available across all Sony Centres and major electronic stores from July 13.

'MHC-V50D' is equipped with the latest motion control to manage the selection of tracks. 

The smart technology can drive a smartphone's motio

Dell EMC, SAP launch 'GST-in-a-box' for MSMEs in India

IT major Dell EMC and enterprise solutions provider SAP on Monday announced a comprehensive digital Enterprise Resource Planning (ERP) solutions for micro, small and medium enterprises (MSMEs) to get GST ready.

SAP is providing a pre-packaged ‘GST in a Box' solution running on infrastructure solutions of Dell EMC which is aimed at helping MSMEs digitally transform their

Zen Technologies signs MoU with SCIS

Zen Technologies Ltd said that it has signed memorandum of understanding (MOU) with the School of Computer and Information Sciences (SCIS), University of Hyderabad (UoH) to bring in academy and industry collaboration. The MoU will be valid for a period of five years from the date of signing, the company said in a filing to the Bombay Stock Exchange. According to the filing, SCIS and Zen will no

Alembic Pharma gets ANDA approval for Dabigatran Etexilate Capsules

Drug maker, Alembic Pharmaceuticals said that it has received tentative approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Dabigatran Etexilate Capsules, 150 mg. The tentatively approved ANDA is therapeutically equivalent to the reference listed drug product (RLD) PRADAXAO Dabigatran Etexilate Mesylate Capsules, Eq to 150 mg base, Boe

Cadila Healthcare bags final approval for Doxazosin Tablets

Zydus Cadila has said that it has received the final approval from the USFDA to market Doxazosin Tablets USP, 1 mg, 2 mg, 4 mg, and 8 mg. The drug is a selective alpha blocker used to treat high blood pressure and urinary retention associated with benign prostatic hyperplasia. “Zydus Cadila has also received the tentative approval from the USFDA to market Lurasidone Hydrochloride Tablets,

NSE says trying to fix disruption in trading, not shut for day

 

MUMBAI- The National Stock Exchange (NSE) is still trying to fix the technical issues that have disrupted trading since the opening of trade on Monday, and the exchange will not be shut for the day, a spokeswoman for the exchange said.

"We are not shut for the full day. We are trying to address the issue," Divya Malik Lahiri, NSE's Head of Corporate Comm

Stock price quotes still not updating in NSE - traders

MUMBAI - Stock quotations at India's National Stock Exchange are updating normally after an earlier technical disruption prevented many dealers from seeing the latest prices through most of the trading session, three traders said on Monday.

 
Trading had resumed at 12:30 p.m. India time (0700 GMT), but traders said quotations for individial st
Indias AU Small Finance Bank surges on trading debut after $296 million IPO

MUMBAI - Shares in India's AU Small Finance Bank Ltd jumped as much as 52 percent on their market debut after the lender's 19.13 billion-rupee ($296.4 million) initial public offering of shares.

The stock was trading at 526.05 rupees by 0430 GMT on the BSE stock exchange, compared with its IPO issue price of 358 rupees. It hit a high of 544 rupees in early dea

NSE grapples with system fault ahead of IPO

MUMBAI - A technical glitch shut down India's National Stock Exchange (NSE) for five hours on Monday, dealing the country's biggest stock exchange an embarrassing blow ahead of its plans to list as volumes on a rival bourse surged.

 
Trading resumed fully on Monday afternoon, with quotes for individual stocks finally restored with jus
India buys first ever U.S. crude oil, to step up purchases

NEW DELHI/SINGAPORE  -India, the world's third-largest oil importer, will import crude oil from the United States for the first time after Indian Oil Corp bought a cargo that will be delivered in October.

 
The purchase comes after Indian Prime Minister Narendra Modi's visit to the U.S. in June when President Donald Trump said his cou
Reliance Jio investigating claims of data breach
India's Reliance Jio is investigating whether personal data of over 100 million of its customers had leaked onto a website, in what analysts said could be the first ever large-scale breach at an Indian telecom operator.
 
Jio, India's newest telecoms entrant, said that the data on the website, "Magicapk.com", appeared to be "unauthentic&
HPCL taps offshore dollar bond market for first time, raises $500 mln

MUMBAI - Hindustan Petroleum Corp Ltd has raised up to $500 million with its first ever overseas bond sale, the company said in a statement late on Sunday.

The company sold a 10-year, fixed-rate, unsecured dollar bond with a 4 percent coupon payable semi-annually and a maturity date of July 2027, the statement said.

The notes are rated Baa3 by Moody's an

Factbox: Air India subsidiaries

India's government is considering selling state-owned Air India in parts to make it attractive to potential buyers, as it reviews options to divest the loss-making flagship carrier, several government officials familiar with the situation said.

Following are six Air India businesses which could also figure in the sell-off process.

Loss-making:

- Hotel Corporati

Air India break-up an option as Modi pushes for quick sale

By Rupam Jain and Tommy Wilkes

NEW DELHI - India is considering selling state-owned Air India in parts to make it attractive to potential buyers, as it reviews options to divest the loss-making flagship carrier, several government officials familiar with the situation said.

Prime Minister Narendra Modi's cabinet gave the go-ahead last month for the gover

Earnings season, macro data to drive equity markets

The upcoming quarterly results, along with macro-economic data points and global cues, are expected to determine the trajectory of equity indices next week, market observers feel.

According to analysts, investors' risk-taking appetite might also strengthen on the back of the smooth rollout of the Goods and Services Tax (GST) and healthy progress of monsoon rains.

"A

Shriram-IDFC likely merger to create financial conglomerate: Ajay Piramal

 Financial majors Shriram Group and IDFC have announced a possible merger to create a "financial conglomerate", a top company official said here on Saturday.

"Today the boards of Shriram Group and IDFC entered into an exclusivity arrangement for 90 days to jointly explore the possibility of merger," Ajay Piramal, Chairman of Shriram and Piramal group, sai

Indian equity markets turn bullish over GST rollout, monsoon

Despite trading volatile amidst geo-political tensions and weak global indices, the Indian equity markets closed the week's trade with gains of around 1.5 per cent, cheered by the launch of the country's much-awaited Goods and Services Tax (GST) reform on July 1 and healthy monsoon.

On Friday, the 30-scrip Sensitive Index (Sensex) of the BSE closed at 31,360.63 points --

SBI launches INTOUCH, digital village initiatives in Nepal

The State Bank of India (SBI) has launched its flagship service INTOUCH in Nepal, an official spokesperson said here on Saturday.

The sbiINTOUCH, inaugurated by SBI Chairperson Arundhati Bhattacharya, will offer customers products like Savings Bank, Saral Bachat Account and Combo Savings Account and the branch will have facilities like kiosks for account opening, debit card print

India in talks with Canada's Teck Resources to buy coking coal - sources

NEW DELHI - India is in talks with Canada's Teck Resources Ltd, the largest North American producer of coking coal used to make steel, for long-term purchase agreements after a cyclonic disruption in Australia cut supplies earlier this year.

India has joined top buyers China and Japan to scour new markets after a powerful cyclone hit Australia that knocked out rai

Anand Mahindra apologises to Tech Mahindra's sacked employee

 Executive Chairman of Mahindra Group Anand Mahindra and MD and CEO of Tech Mahindra C.P. Gurnani on Friday expressed regret over the manner in which an employee of the IT major was asked to quit.

"I want to add my personal apology. Our core value is to preserve the dignity of the individual and we'll ensure this does not happen in future," Mahindra twitted.

Coal India to get KPMG prepare Vision 2030 plan

Coal India is in the process of awarding a contract to consulting firm KPMG to prepare a Vision 2030 plan, an official of the state-run miner said on Friday.

"KPMG has been selected for preparing Vision 2030 plan and the contract will be awarded. The plan will look at the future of coal sector in the country's energy mix, particularly when coal demand has been subdued,&q

CPCB allows Tata Chemicals to resume Haldia plant operations

Tata Chemicals on Friday said its Haldia plant in West Bengal's East Midnapore district resumed operations after the Central Pollution Control Board (CPCB) permitted the company to reopen the plant.

In March, the CPCB had ordered the chemical major to shut down its Haldia plant operations for alleged non-compliance of the prescribed norm of liquid affluent discharge.
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Mercedes-Benz India's H1 sales up 8.7%

 Luxury car manufacturer Mercedes-Benz India on Friday reported that its half-yearly (H1) sales grew by 8.7 per cent.

According to the company, its sales increased to 7,171 units during January-June 2017 from 6,597 units sold in the January-June 2016 period.

The company's sales during the second quarter of the calendar year increased to 18 per cent to 3,52