The government has dropped a plan to ask ONGC to resume sharing its fuel subsidy burden if the Indian basket of crude breaches $70 a barrel. An imminent reintroduction of the practice that was discontinued in FY16 was threatening to hit the state-run hydrocarbon producer’s all-important capex plans, especially since its surplus cash had got depleted by Rs 12,000 crore due to its Rs 37,000 crore acquisition of Hindustan Petroleum Corporation (HPCL) last last fiscal under a government directive.

The top management at Mahindra & Mahindra (M&M) believes the tractor industry will grow at a much faster of 12-14% y-o-y in 2018-19 than the earlier anticipated 8-10%. The optimism stems primarily from the fact that the monsoon could be a good one and comes on the back of two good monsoons in 2017 and 2016.

Private sector lender ICICI Bank on Friday said it has waived off late payment penalties for all retail customers in Kerala this month as well as contributing Rs 10 crore towards flood relief to the state that's facing worst rain havoc in a century.

Public sector general insurance firms are losing market share because of delayed merger plans and appointments. According to the latest data from the Insurance Regulatory and Development Authority of India (Irdai), four public sector general insurance companies had a market share of 44.64 per cent as of June 2018, compared to 49.65 per cent a year ago.

The Securities and Exchange Board of India (Sebi) is looking at the prospect of allowing mutual funds (MFs) to make use of covered calls as part of their equity strategy.

Covered calls are an options strategy where an investor holds a long position in an asset and writes (sells) call options (having the right but no obligation to buy) on that same asset to generate an income stream.

SBI Life Insurance, a JV between State Bank of India and BNP Paribas Cardiff S. A., is targeting to grow its new business premium (NBP) by 25 per cent in 2018-19.

The growth will be driven by Ulip and pure protection products.

A section of Air India pilots have threatened to stop operations if their flying allowance dues are not paid immediately.

Alleging that while the salaries and perks of other employees are paid in full albeit with a delay, the same for the pilots and cabin crew are "ignored", despite the fact that flying allowances of these two licenced categories of employees form a major chunk of their salaries.

Idea Cellular on Friday said Axiata, whose current holding in the company stands at over 16 per cent, has relinquished "all major rights" including that of nominating a director on the board.

Idea's statement comes at a time when the telecom firm has received the government's approval for merger with Vodafone.

Microsoft India and Apollo Hospitals have partnered to build an artificial intelligence-powered platform, designed to predict the risk of Cardiovascular Disease (CVD) in the Indian population. Under the collaboration, which is part of Microsoft’s AI Network for Healthcare initiative, the two entities have launched an AI-powered Cardiovascular Disease Risk Score API (application program interface)

Idea Cellular today said Axiata, whose current holding in the company stands at over 16 per cent, has relinquished “all major rights” including that of nominating a director on the board. Idea’s statement comes at a time when the telecom firm has received the government’s approval for merger with Vodafone. The combination is set to create the country’s largest mobile phone operator worth more than USD 23 billion with a 35 per cent market share.

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