Richest Indian Mukesh Ambani-led Reliance Industries' entry into online retailing will help expand the current 15,000 digitised retail stores to over 5 million by 2023, a study of Bank of America Merrill Lynch said.As much as 90 per cent of India's USD 700 billion retail market is unorganised, made up mostly of neighbourhood kirana stores selling groceries and other sundries.

The board of tobacco-to-hotels major, ITC, will meet for the first time since the demise of its chairman and non-executive director, Y C Deveshwar, on Monday. The agenda before the board, circulated much ahead of Deveshwar’s demise on Saturday, was to approve the audited financial results for the quarter and financial year and recommendation of dividend. However, it was most likely that the issue of succession would come up for discussion at the meeting.

Shares of State Bank of India (SBI) were trading 2 per cent higher at Rs 314 during the early morning trade on Monday, after the bank reported healthy March quarter numbers for 2018-19. The stock extended its Friday's gain of over 5 per cent as it witnessed buying interest after the bank reported improvement in asset quality during Q4FY19.

The stock has rebounded 8 per cent from Friday’s low of Rs 292 on the BSE.

The rupee on Monday opened 22 paise lower at 70.14 against the US dollar amid weak global cues and soft crude oil prices. The domestic unit on Friday snapped its four-day losing streak to end two paise higher at 69.92.

During the week, the rupee fell by 70 paise.

San Francisco: Battling the Cambridge Analytica data scandal, Facebook has now filed a lawsuit in California state court against Rankwave, a South Korean data analytics company that ran apps on its platform.

The lawsuit alleged that Rankwave abused Facebook's developer platform's data and refused to cooperate with a mandatory compliance audit and request to delete the data.

Inundated with frivolous complaints in recent times, the BCCI’s Ombudsman and Ethics Officer D.K. Jain has devised a mechanism to ensure that only genuine complaints are entertained.

The newly formulated guidelines, uploaded by the BCCI on its website, come in the wake of a rise in number of mail from various sources accusing cricketers of conflict of interest, including the ones against the legendary Sachin Tendulkar, Sourav Ganguly and V.V.S. Laxman.

He took charge, most of the diversifications had failed or were faltering, Perhaps his biggest achievement would be that the consumer spend in the new FMCG brands today is over the size of ITC in 1996

Y C Deveshwar died on Saturday leaving behind a ITC very different from the one he inherited.

Inspired by India colours at the upcoming Cricket World Cup, Ford India has launched a special ‘Blu’ edition of its compact-sedan, the Aspire. “Styled to meet the expectations of the fan as well as the enthusiast, the limited edition Aspire Blu is an all-rounder, thanks to the distinct design, purposeful technology, unmatched power and safety on offer,” the company said in a statement.

The Supreme Court on Friday sought a response from the Centre on a plea seeking to regulate the content featured on online media streaming platforms such as Netflix, Amazon Prime and Hotstar.

A bench, headed by Chief Justice Ranjan Gogoi, issued notice to the ministries of I&B and law on a petition calling for framing of guidelines for these over-the-top (OTT) platforms as they show “uncertified, sexually explicit and vulgar” content.

In an effort to attract more fliers in the domestic sector, national carrier Air India (AI) on Friday announced that starting Saturday, it offer a 40 per cent discount on tickets bought within three hours of the departure of a flight.

This is expected to bring some relief for fliers as after the shutting down of operations by Jet Airways, the capacity intake of the Indian aviation sector went down,

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