In a bid to expand its horizon in long-term validity prepaid plans, Mukesh-Ambani led Reliance Jio has announced two new packages worth Rs 594 and Rs 297. The newly launched Reliance Jio long validity prepaid packs have been specially launched for JioPhone users. Both the prepaid JioPhone plans offer unlimited high-speed internet, complimentary subscription to Jio Apps and 300 SMS.

A section of public sector bankers Thursday raised questions about the RBI seeking powers to regulate state-owned banks saying it apparently failed to act against officials in the ICICI Bank-Videocon matter despite claiming to have enough powers to deal with private sector lenders.

Against the backdrop of CBI Thursday naming former ICICI Bank chief Chanda Kochhar and others in the alleged quid pro quo in extending Rs 3,250-crore loan to Videocon Group,

Tata Motors has no plans to invest and upgrade Ratan Tata's dream car Nano to meet BS-VI standards, a senior company official said Thursday indicating that the production and sales of the vehicle would stop from April 2020.

"Nano is produced at our Sanad plant (Gujarat)....in January new safety norms came, in April some more new norms will come and in October new safety norms will come and BS-VI is going to happen from April 1 of 2020, so all products may not meet (BS-VI norms) and we may not invest in upgrading all the poducts.

Walmart Inc. has quietly withdrawn from one of Google’s marquee efforts to challenge Amazon.com Inc. in e-commerce.

Walmart removed its products from Google’s Shopping Actions service, the internet giant said on Thursday. The retailer also recently dropped out of Google Express, a related delivery service.

Ford Motor Co said on Thursday it faces a bill of up to $1 billion if Britain leaves the European Union without a deal, comprising World Trade Organization tariffs and the impact of a weaker pound.

The impact of Brexit on Ford, based on internal calculations, would be in the range of $500 million to $1 billion depending on a variety of factors, Ford said in a statement.

Air India Express will launch its first direct flight service from Surat to Sharjah on February 16 and will also expand services from Gulf to Kannur in Kerala. The carrier, the international budget arm of Air India, will deploy Boeing 737-800 NG aircraft on this route.

The flight will depart from Sharjah at 7:35 PM and arrive in Surat at 11:45 PM on Mondays and Saturdays, the airline announced in a statement. From Surat, the flight will depart at 12:30 AM with arrival into Sharjah at 02:15 AM on Tuesdays and Sundays.

Hyundai Motor India Ltd (HMIL) has sought incentives and infrastructure from the government to support electric vehicles. The development comes at a time when the company announced that it will start manufacturing electric cars from second-half of next year at its facility near Chennai for the domestic market.

YES Bank on Thursday reported a 6.9 per cent YoY fall in its net profit at Rs 1,001.85 crore for third quarter (October-December) of FY19. It had posted PAT of Rs 1,076.87 crore in the year-ago period. Sequentially, the figures grew 3.9 per cent.

The bank also announced Ravneet Gill as the MD and CEO w.e.f from March 1, 2019. Currently, Ravneet Gill is the CEO of Deutsche Bank India. The bank said its board will convene on January 29, 2019 to finalise the interim transition.

German auto major Mercedes-Benz Thursday made a foray into the luxury multi-purpose vehicles segment in India with the launch of its V-Class at a starting price of Rs 68.40 lakh.

The V-Class will be available in both six-seater long-wheelbase (Exclusive) and seven-seater extra-long-wheelbase (Expression) variants, Mercedes-Benz India said in a statement.

The long-drawn Essar Steel insolvency saga may now be heading towards a denouement. Nearly 550 days after the case was admitted by a company tribunal to find a suitor, more than twice the law-mandated deadline of 270 days, it now appears a successful resolution plan may be declared shortly.

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