Wipro Consumer Care and Lighting has set up a venture fund to invest in start-ups in the consumer brands space with India and South East Asia being focus markets. The ‘Wipro Consumer Care – Ventures’ will focus on companies with a differentiated approach where both parties can learn by leveraging their strengths and add value to each other.

A group of ministers led by Home Minister Amit Shah is set to meet on Thursday to discuss Air India privatization as the government looks to reduce its stake in the state-run carrier. The panel, which will have Finance Minister Nirmala Sitharaman, Commerce and Industry Minister Piyush Goyal and Civil Aviation Minister Hardeep Singh Puri, will discuss key issues relating to selling 100% stake in the airline,

NASA is analysing, validating and reviewing the images clicked by its lunar orbiter of the area on the Moon where India's Chandrayaan-2 mission made an unsuccessful attempt to soft land its Vikram module, according to a media report that quoted a project scientist of the US space agency.

With the Government looking to ban single-use plastic, Indian industry has suggested to follow a structured approach on the move and sought exemption for certain items.

"CII (Confederation of Indian Industry) supports the phase-out of single-use plastics in a structured manner. In addition, the priority items of single-use plastics identified for the phase-out need to be decided through an inclusive consultative process," industry body CII said in a 'draft note on single-use plastic'.

Economic slowdown has impacted coal import cargo in the first half of this fiscal, as overall cargo growth at major ports registered a marginal growth of 1.9 per cent to 294 million tonnes, rating agency Icra said on Wednesday.

Healthy volume growth in container, crude and iron ore segments was offset by the decline in coal and some other bulk cargo volumes, it said.

Mumbai: Domestic equity benchmark BSE Sensex dropped over 200 points in early session on Thursday, dragged by losses in index heavyweights Yes Bank, TCS and Infosys, amid unabated foreign fund outflow and mixed global cues.

The 30-share index was trading 206.33 points, or 0.56 per cent, lower at 36,357.55 at 0930 hours, while the broader Nifty slipped 64.65 points, or 0.60 per cent, to 10,776.

Bengaluru: Infosys Ltd, India’s second-largest software exporter by revenue, aims to reduce its high attrition levels with skilling programmes and other compensation-based incentives.

The attrition rate at Infosys was at 23.4% in April-June, up 3% from 20.4% in the previous quarter ended March.

Reliance Jio added 8.53 million subscribers in July, while incumbent operators Bharti Airtel and Vodafone Idea lost a cumulative 6 million users during the month. Apart from Jio, only state-run BSNL added users. The mobile subscriber base of Reliance Jio stood at 339.79 million at the end of July as the company added a healthy number of users.

CARE Ratings on Tuesday downgraded non-convertible debentures of Morgan Credits (MCPL) to ‘BBB-’ from ‘A-’. MCPL is one of the promoter entities of Yes Bank holding a 3.03% stake in the lender as on March 31, 2019. Data from Value Research show that debt mutual funds of Reliance Mutual Fund hold Rs 913.47 crore in debt papers issued by MPCL.

Expect another round of fight between incumbent operators Bharti Airtel and Vodafone Idea and Reliance Jio over termination charges.

The Telecom Regulatory Authority of India (Trai) on Wednesday came out with a consultation paper to review the termination charges with the aim of making it zero (Bill and keep in technical parlance) from January 2020 as per a road map laid by it two years go.

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