The Reserve Bank of India (RBI) is expected to hike its key lending rate by 25 basis points in October, an SBI Ecowrap report said on Thursday.

According to the report, the expected rate hike might not be the last one in the current financial year.

Mukesh Ambani’s textile punch: In what could provide a major fillip to Reliance Industries’ new-age fabric R|Elan, billionaire Mukesh Ambani-led Reliance Industries has partnered with Vardhman Textiles, to produce innovative fabric including R|Elan GreenGold– manufactured by recycling used PET bottles, and used in trousers and denim.

E-commerce major Amazon is confident of clocking strong growth this festive season in India, driven by availability of large selection of products and big brands as well as new customers coming onto its platform, especially from tier II and III towns.

Amazon India, which competes head-on with rival Flipkart, will kick off its festive sale from October 10-15, lining up new launches across various categories and dishing out discount offers to woo Indian shoppers.

Private power producer Tata Power and state-run Hindustan Petroleum Corporation (HPCL) on Thursday announced a memorandum of understanding (MoU) for setting up the electric vehicle (EV) charging stations at HPCL retail outlets and other locations across India. The two companies will also explore other opportunities for collaboration in renewable energy.

India will host the Deaf ICC T20 World Cup slated to begin from November 23-30 in Gurugram, the organisers announced Thursday.

The eight-day tournament will see participation from over 200 players across eight countries including England, Australia, Sri Lanka, Nepal, Bangladesh, South Africa, apart from India, vying for the top honours.

NEW DELHI: Infrastructure major Larsen and Toubro (L&T) Thursday said its power business has bagged orders worth Rs 1,400 crore in the domestic market.

The two orders are for setting up flue gas desulphurisation (FGD) systems from NTPC at its Vindhyachal super thermal power plant in Madhya Pradesh and Darlipali super thermal power project in Odisha.

Punjab National Bank (PNB) on Wednesday said it planned to seek Rs 5,431 crore capital support from the government a day after Finance Minister Arun Jaitley assured state-owned banks of all support from the government.

The meeting of the bank’s board will take place on Thursday for considering infusion of Rs 5,431 crore by the government by way of preferential issue of equity share and fixing date of extra-ordinary general meeting (EGM)

Two buyers, including a consortium of four funds, have evinced interest in buying or taking a controlling stake in the leftover businesses of Anil Ambani group’s embattled telecom arm, Reliance Communications (RCom), a top company official said on Wednesday.

The company, which exited the flagship wireless businesses due to financial pressures and is also selling its spectrum, is looking to sell off the enterprise-focused offerings including subsea cables, international fixed line and data centres businesses.

State Bank of India (SBI) on Wednesday decided to offload 4% of its stake in SBI General Insurance, its general insurance arm, for Rs 482 crore to an alternative investment fund promoted by Axis AMC and Premji Invest.

Post this transaction, SBI General Insurance will be valued at around Rs 12,000 crore.

Benchmark indices Sensex and Nifty gave up most of their initial gains after investors turned cautious ahead of September futures and options (F&O) expiry Thursday amid weak Asian cues after the US Fed raised interest rates for the third time this year.

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