With India cementing its entry into the ICC World Cup semi-final, official broadcaster Star India as well as fans are optimistic about the team’s prospects. If India manages to secure a spot in the finals, Star India is expected to hike ad rates for the final match to be played on July 14. According to media planners, Star India could reportedly demand anything in the range of `30-45 lakh per 10 seconds from advertisers who want to make last-minute spot buys for the final match.

Ahead of the proposed sale of the loss-making Air India, an anxious ministry of civil aviation has called for an impact analysis of the closure of Jet Airways. Ernst & Young (EY), the advisors to the sale, which flopped the first time, has been tasked with assessing the chances of a success in the light of shutdown of Jet Airways.

Reliance Industries Ltd (RIL) Monday said it has tied up with Turkish textile manufacturer Kivan Tekstil to manufacture and market its sustainable and eco-friendly fabric brand R|Elan's GreenGold fabric in Turkey.

"Apart from manufacturing and marketing R|Elan GreenGold fabrics, Kivan will be the exclusive distributor of Recron GreenGold fibres to spinners, yarn manufacturers and knitters across Turkey.

In a setback to incumbent mobile operators, Telecom Regulatory Authority of India (Trai) has rejected the government's demand of a re-look at lowering of the reserve price of spectrum, especially 5G.

In its letter to DoT on Monday, Trai said the department has misconstrued this quote -- "Due to competition, concerns have been expressed about the financial health of the sector, its revenue growth and the capability of companies to meet contractual commitments" as Trai recommendation.

SBI Caps, one of the top investment banks in the country, is under the radar of Central Bureau of Investigation for its role in arranging loans for oil business of Sandesara Group. CBI's Banking and Securities Fraud Cell may call SBI Caps team for inquiry, sources said.

The rupee on Tuesday opened one paisa higher at 68.65 against the US dollar amid subdued Asian equities and soft crude oil prices.

The domestic unit on Monday declined by 24 paise to close at 68.66, cutting short its three winning run due to a massive selloff in equities and weakening expectations of a rate cut by the US Federal Reserve in near future.

The 20th anniversary of the Kargil War was celebrated in a grand manner by the Indian Army with a commemorative trek to Khalubar.

Army said that the year 2019 witnesses the 20th anniversary of the Kargil War and this important milestone was celebrated in a grand manner by the Indian Army with a view to rekindle the pride and valour of all the gallant soldiers who took part in Operation Vijay.

The US House of Representative will vote Tuesday on a legislation that seeks to lift the country-cap on issuing green cards.

Being supported by more than 310 lawmakers from both the Republican and the Democratic Party, the Fairness for High-Skilled Immigrants Act is all set to sail through the 435-member House of Representative.

MUMBAI: Shares of Punjab National Bank (PNB) slumped over 7% on Monday after the lender was hit by yet another fraud, this time by Bhushan Power & Steel Ltd.

At 9.30 am, the stock was at ₹75.80 on BSE, down 5.57% from its previous close. It opened at ₹76.30 and touched a low of ₹75.80 or 7.3% lower. So far this year the stock fell 1.9%.

Gold prices in India were marginally higher today but sharply off their record highs hit on Friday. On MCX, August gold futures were trading marginally higher at ₹34,608. On Friday, gold futures hit a record high of ₹35,100, before paring some gains. In Budget 2019, which was presented on Friday, Finance Minister Nirmala Sitharaman increased import duty on gold to 12.5%, from 10%, leading to a spike in domestic gold prices.

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