Telecom operators body Cellular Operators Association of India on Thursday urged telecom secretary Aruna Sundararajan to address the issue of frequent suspension of internet services by state governments, especially Rajasthan, which has suspended such services for more than 140 times in the last one year.

Petroleum minister Dharmendra Pradhan on Thursday said national oil explorer ONGC is the promoter of oil marketing company HPCL and “there should be no confusion about it”. FE had earlier reported that though HPCL was taken over by ONGC in January this year, the former is yet to recognise the upstream major as its promoter in the mandatory quarterly filings with the stock exchanges.

Hitting a six-month high, the ICICI Bank stock gained 4.64% and ended the session at Rs 332.95 on Thursday on the back of optimism that the bad loan cycle may be nearing an end. ICICI Bank’s stock has risen 28.40% from its July low. In a note to investors, Credit Suisse said ICICI Bank has been reflecting low new NPL formation over the past few quarters.

Even as Congress MP Shashi Tharoor took to Twitter on Thursday criticising Air India for cancelling its scheduled flight from Thiruvananthapuram to Bengaluru from August 23 to 27, which is during the Onam festival week, thus inconveniencing passengers who had booked months in advance, the national carrier said that the cancellation has been done to utilise the aircraft for Haj pilgrims.

In a bid to improve the quality of services offered by vendors for containerized movement of cargo at the first and last mile, state-run Container Corporation of India (Concor) has roped in Tata Consultancy Services (TCS) to strengthen its mobile app to facilitate continuous reverse auction for the first time among vendors.

The State Bank of India (SBI) has informed the stock exchanges that its board is looking to sell 4 per cent of its existing shareholding in SBI General Insurance to a non-promoter entity through small parcel share sale (SPSS). SBI General, formed in 2010, is a joint venture between SBI and the Insurance Australia Group.

A committee on fair market conduct has suggested that market regulator, Securities and Exchange Board of India (Sebi), should seek powers to tap telephones and other electronic communication devices to check insider trading and other frauds.

Currently, Sebi has the power to only ask for call records, which includes numbers called and the duration of calls made.

Mumbai: Buoyed by the Union Cabinet clearing a policy allowing operators to explore all unconventional hydrocarbons in the existing field, Essar Oil and Gas Exploration and Production Ltd (EOGEPL) plans to invest 7,000 crore to develop shale gas potential in its existing coal-bed methane (CBM) block at Raniganj, West Bengal, said a company executive.

The family investment arm of Azim Premji — Premji Invest — has pumped Rs 400 crore in domestic floating glass manufacturer Gold Plus Glass Industry Ltd. With this investment, Premji Invest is looking to gain from the expansion plan of Gold Plus Glass industry, which is a leader in the architectural glass segment.

In India, the world’s second-biggest smartphone market, Apple Inc’s normally deft management of government relations is being put to a fresh high-stakes test. For almost two years, Apple has battled India’s telecom regulator over a demand that it allow the use of the government’s anti-spam app. Non-compliance, the watchdog threatened last month, could result in phones being “derecognised” from the country’s networks, meaning they would no longer function.

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