The wireless subscriber base in the country declined by 1.85% in March — after nearly a year of sustained growth — primarily because of Bharti Airtel and Vodafone Idea, which together lost over 29 million customers during the month as a result of implementation of minimum recharge plans. The wireless subscriber base declined to 1,161.81 million at the end of March from 1,183.68 million at the end of February. The wireless subscriber base had last declined in April last year when there was a net deduction of 58.34 million subscribers from the telecom industry.

In a pre-dawn launch on Wednesday, Indian space agency ISRO scripted history by successfully launching earth observation satellite RISAT-2B that would enhance the country's surveillance capabilities among others. As the 25-hour countdown which began Tuesday concluded, the agency's trusted workhorse Polar Satellite Launch Vehicle (PSLV-C46) blasted off at 5.30 am from the first launch pad of the Satish Dhawan Space Centre here on its 48th mission, carrying the 615 kg satellite.

The Committee of Administrators (CoA) on Tuesday said that the much-awaited elections of the BCCI will be held on October 22.

The CoA, which was appointed by the Supreme Court in January 2017 to oversee the sweeping reforms recommended by the Lodha panel, announced the elections date here after due consultation with the apex court-appointed amicus curiae PS Narsimha.

South Korean auto major Hyundai on Tuesday forayed into high selling compact SUV segment in India with the launch of new model ‘Venue’, priced in the range of ₹6.5-11.1 lakh (ex-showroom Delhi).

Venue comes with three engine options — 1 litre turbo and 1.2 litre petrol powertrains besides 1.4 litre diesel engine — and sits below the Creta in terms of price and positioning.

Vodafone has announced a new prepaid recharge pack in partnership with Citibank. Applicable for only Vodafone users in India, the recharge pack will be available on applying for a fresh Citibank credit card via the Vodafone website. Under the recharge pack, the users get 1.5GB data per day and unlimited calls for a validity of one year.

E-commerce giant Amazon was on its way to running its own online neighbourhood Monday after the internet’s address keeper granted the “.amazon” domain to the company. After waiting in vain for years for the US online retail colossus and an alliance of South American countries to resolve their battle over the right to web addresses ending with “.amazon,” the Internet Corporation for Assigned Names and Numbers (ICANN) this month sided with the Seattle-based company.

Reporting its first profit for financial year 2018-2019, Tata Motors on Monday recorded a consolidated net profit of Rs 1,108.86 crore for the three months of January-March 2019.

However, the ongoing stress in the China market for the company’s cash cow, Jaguar Land Rover (JLR), meant it came in almost half of what it was in the quarter ended March 31, 2018. The net profit was, however, much above the Bloomberg consensus estimates of Rs 570 crore.

Refuting claims by Standard Chartered Bank that it was only paying Rs 39,500 crore for taking over the debt-ridden Essar Steel, ArcelorMittal on Monday informed the National Company Law Appellate Tribunal (NCLAT) that its resolution plan involves Rs 42,000-crore cash payment, which includes Rs 2,500-crore working capital.

“We are paying Rs 42,000 crore in cash. A wrong impression is being given that it is not. We are also paying a minimum guarantee of Rs 2,500 crore as working capital.

The Mukesh Ambani-led Reliance Industries (RIL), which was about half the size of Indian Oil Corporation (IOC) till nearly 11 years ago, has displaced the public sector refiner as the biggest company by revenue.

While the net revenue of RIL surged by 44.8% in FY19 to `5.67 lakh crore, the revenues of IOC rose by 28.03% during the year to `5.28 lakh crore — `38,986 crore less than that of RIL, Bloomberg data show.

The benchmark BSE Sensex jumped over 200 points to hit a record intra-day high of 39,565.82 as investors' euphoria over exit poll outcome continued in early session on Tuesday. The 30-share index was trading 205.24 points or 0.52 per cent, higher at 39,557.91. In similar movement, the broader NSE Nifty rose 48.90 points, or 0.41 per cent, to 11,877.15.

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