The Cellular Operators’ Association of India (COAI) has raised concerns on the new draft rules proposed by the Telecom Regulatory Authority of India (Trai) to check pesky calls and messages, as operators will have to bear additional costs to put in place a new system.

In May, Trai had proposed the use of blockchain technology to check the menace of unsolicited commercial communications (UCC) or pesky communications.

Microsoft-owned social network for professionals LinkedIn has crossed the 50-million user mark in India, its second largest market globally, as its strategy to build localised products for the country begins paying dividends.

With this, the company has doubled its user base in the country in the past four years. “Our members-first, localised approach has helped us cross the 50-million mark in India.

New Delhi: Maruti Suzuki India Ltd, the seller of every second car in the country, plans to introduce its first entry-level car in India in more than two decades, as a revival in rural consumption is expected to boost demand for such vehicles.

The made-in-India car, code-named Y1K, is in the development stage at the company’s newly built research and development facility in Rohtak, said two people with direct knowledge of the matter.

The BSE Sensex recovered over 107 points to 36,431.17 in early trade on Tuesday on fresh buying by investors after a sharp drop on global crude oil prices and a strengthening rupee.

The 30-share index, which had lost 224.64 points in the previous two sessions, rebounded 107.40 points, or 0.30%, to 36,431.17 with stocks of oil & gas, FMCG, infrastructure, PSU, banking, consumer durables and auto sectors rising by up to 1.69%.

Bollywood actors Akshay Kumar and Salman Khan are among the world’s 100 highest-paid entertainers, according to a Forbes list topped by American boxer Floyd Mayweather. Akshay is ranked 76th on the Forbes list of the World’s Highest Paid Celebrities 2018 while Salman is on the 82nd spot.

Infosys reported a broadly in-line Q1FY19 on both revenues and margins. Revenue decline in the financial services vertical of 0.2% QoQ in CC terms and high attrition of 23% on a Quarterly Annualized (QA) basis were the key negatives. However, 8% QoQ growth in CC terms in digital revenues, $1.12bn of deal TCV (vs $905mn in Q4FY18) and addition of 4 clients in the >$100 mn revenue bucket were the key positive highlights.

Food Safety and Standards Authority of India (FSSAI) has recently launched the Eat Right Movement in a bid to encourage food companies to make accurate disclosures of the nutritional values or calorific value of foods. Additionally, the movement also aims to make consumers aware of the salt, sugar and sodium levels or fat content in the products they purchase or foods they consume.

Private-sector lender ICICI Bank on Monday postponed its annual general meeting (AGM) by over a month to September 12. The AGM was earlier scheduled for August 10.

“We wish to draw reference to our letter dated 13th July 2018, indicating the revised Annual General Meeting(AGM) date of 12th September 2018 and the revised dates of book closure between 28th August 2018 and 12th September 2018 (both days inclusive),” the lender said in a regulatory filing, adding,

We expect 1QFY19 EBITDA for Reliance Industries (RIL) to grow 45% yoy with petchem growth more than offsetting slight decline in refining margins. We believe investors will continue to get surprised by the stability of new and improved chemical business earnings even amid rising oil prices and lower polyethylene spreads, while volumes will also grow qoq due to ramp-up of the new projects.

VTB Capital-led Numetal on Monday said in the National Company Law Appellate Tribunal (NCLAT) that its rival AreclorMittal should not be made eligible to bid for Essar Steel as it is yet to clear dues of two defaulting firms – Uttam Galva Steels and KSS Petron.

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