State-owned NBCC, Cube Highways & Infrastructure, L&T Infrastructure, Kotak Investment Advisors and Suraksha Asset Reconstruction along with Lakshdeep Investments and Finance and Suraksha Realty have submitted their expression of interest for the bankrupt Jaypee Infratech (JIL). These firms have been provisionally shortlisted by the resolution professional and will subsequently be asked to submit their resolution plans.

Indian banks may get a reprieve of about Rs 13,400 crore in capital exemption, as announced by the Reserve Bank of India board on Monday. The biggest beneficiary of this would be the government, because the RBI decision would lessen the burden on it to bridge a capital shortage at several state-run banks.

Reliance Jio on Monday launched VoLTE-based inbound international roaming services between India and Japan, whereby international travellers visiting the country will be able to enjoy its high speed LTE network.

Japan-based KDDI Corporation is the first international mobile service provider to avail of Jio’s VoLTE calling and LTE data international roaming service.

Paper mills are irked at telecom service providers labelling paper as anti-green. In a communique to Trai (Telecom Regulatory Authority of India) this week, Ipma (Indian Paper Manufacturers Association) has expressed strong reservations against dubbing printed copy of telephone bill as a matter of “environmental concern.”

“Wood constitutes just 30% of the paper and the rest are agri-residue or old paper, often fully recycled.

Job creation more than doubled to 9.73 lakh in September, the highest monthly addition since September 2017, compared to 4.11 lakh in the same month last year, according to the EPFO payroll data released Tuesday.

Around 79.48 lakh new subscribers were added to social security schemes of the Employees' Provident Fund Organisation (EPFO) from September 2017 to September 2018, the data showed. This indicates that these many jobs were created in the last 13 months.

India’s natural gas production will rise by a third provided the output locked in a dozen fields of state-owned ONGC and OIL is opened up by giving remunerative market prices, people with knowledge of the matter said. India currently produces about 90 million standard cubic meters per day (mmscmd) of natural gas and has ambitious plans to double output by 2022 to reduce its reliance on imports and replace some of the polluting liquid fuels to cut emissions.

New Delhi: The country's largest carmaker Maruti Suzuki India (MSI) on Tuesday said it has ramped up the production of its compact SUV Vitara Brezza to reduce waiting period of the model.

The company has increased production of the vehicle by 10 per cent to 94,000 units during April-October period of the current fiscal as compared with same period of 2017-18.

Mumbai: The benchmark BSE Sensex fell over 100 points in early session on Tuesday, breaking its three-day winning run as metal, IT, realty and banking stocks retreated, tracking sell-off in the global market.

The 30-share index dropped 104.41 points, or 0.29 per cent, to 35,670.47 points in opening trade. The gauge had rallied about 633 points in the previous three sessions.

Mumbai: Cash-strapped Air India Ltd expects to raise as much as $850 million (about 6,100 crore) by selling and leasing back seven wide-body aircraft over the next 15 days. The list includes six Boeing 787 (Dreamliner) and one Boeing 777 aircraft, which were delivered to the airline between November 2016 and March 2018, according to a tender posted on 16 November on the airline’s website.

New Delhi: Wipro Ltd has appointed former International Business Machines Corp. (IBM) executive Bill Stith to revive the fortunes of the Bengaluru-based company’s healthcare and life sciences division. Stith, who headed IBM’s healthcare and life sciences business in the US, is the third top external hire by chief executive officer Abidali Neemuchwala. His hiring is also Wipro’s third top-level management change in 2018.

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