The ISRO has formed the NewSpace India Limited (NSIL), a public sector undertaking (PSU) that will commercially exploit the research and development work of the space agency, co-produce PSLV and launch satellites through SSLVs, the government said on Thursday.

Amazon.com has steadily added options for customers to receive their packages including in car trunks, inside home garages and potentially by drone. On Thursday, Amazon added another alternative for U.S. customers: Walk into a nearby retailer and pick up an Amazon package over the counter. The new option, called Counter, will launch with pharmacy Rite Aid Corp offering the service in 100 stores, with an expansion to 1,500 stores by year’s end, the companies said.

Paytm Money — the mutual fund investment arm of Paytm has partnered with independent investment research firm Morningstar’s India subsidiary Morningstar Investment Adviser India to offer ‘Morningstar Investment Packs’ to its users on the Paytm Money app.

The offer brings a portfolio of five mutual funds, which are supported by Paytm Money’s ‘risk suitability assessment’, and customers (investors) are recommended right ‘pack’ based on their individual risk profiles, the company said in a statement.

State Bank of India (SBI) shares were trading 1 per cent higher at Rs 362 on the BSE, after the state-owned lender said its board will consider raising capital additional tier-1 capital. The stock was trading close to its all-time high of Rs 364 touched on May 23, 2019 in intra-day trade.

The meeting of the bank's central board is scheduled to be held on Monday, July 1, to consider raising capital via Basel-III compliant debt instruments during the financial year 2020, SBI said in the filing after market hours on Wednesday.

Benagluru: The Food Safety and Standards Authority of India (FSSAI) has issued draft regulations aiming to mandate packaged food companies to label high fat, sugar and salt contents in the front of the package itself in red colour.

Alarmed by rising rates of obesity and diabetes, India has been planning rules from as early as two years ago, requiring food manufacturers to display fat, sugar and salt content on their labels and was also considering a nationwide “fat tax” on so-called “junk food”.

Mumbai: Domestic equity benchmark BSE Sensex rose over 100 points in early trade on Thursday tracking positive cues from global markets ahead of the G-20 summit.

The 30-share index was trading 88.07 points, or 0.22 per cent, higher at 39,680.15 at 0930 hours. Similarly, the broader NSE Nifty was quoting 25.20 points, or 0.21 per cent, up at 11,872.75.

London: Fugitve diamantaire Nirav Modi is set to appear via videolink from prison for a routine remand hearing before Westminster Magistrates’ Court in London on Thursday.

The 48-year-old, who has been lodged at Wandsworth prison in south-west London since his arrest in March in connection with the nearly USD 2 billion Punjab National Bank (PNB) fraud and money laundering case,

Mumbai: The Securities and Exchange Board of India (Sebi) will on Thursday roll out a cap on royalty payments at 2% of net sales. Any other additional payment of royalties will require shareholder approval. Starting July, listed entities will need to follow this particular recommendation of the Kotak Committee.

The government Wednesday clarified there is no proposal to close state-run BSNL and MTNL, which are facing financial stress due to stiff competition and high employee costs, and added that a comprehensive plan for their revival is under preparation.

National Highways Authority of India (NHAI) may get a favourable response for its third Toll-Operate-Transfer (TOT) bundle put out for auction.

Also, with a target of 4,500 km during the fiscal, the awarding of contracts will pick pace now, according to experts.

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