Better credit metrics and a zero default track record with banks is helping large conglomerates, led by Adani group, Mukesh Ambani’s Reliance Industries (RIL), and Tata group, snap up bankrupt companies. They are fast emerging winners under the Insolvency and Bankruptcy Code (IBC), 2016. The Sajjan Jindal-owned JSW Group is also in the race to buy stressed assets, but so far it has had limited success.

The Insurance and Regulatory Authority of India (Irdai), in a circular issued on Tuesday, allowed inclusion of 10 more insurers for medical treatments from its list of optional covers that were offered by health insurance companies.

In its guidelines on the Standardisation of Health Insurance, the insurance regulator has listed various medical procedures and equipment that are offered in a policy.

The premises of Power Grid Corporation in Madhya Pradesh will be getting the cheapest solar power at Rs 1.58 a kilowatt per hour (unit), which is the lowest in the country so far. New Delhi-based AMPSOLAR India has bid the lowest for 10 sites of the central government PSUs. It has bid Rs 1.67 for some other central government buildings in the state.

2018 Hyundai Santro AH2 Unveil 23rd August: The stage is set for Hyundai most iconic car to make a comeback to the Indian market this festive season, The Santro will make its public debut on the 23rd of October 2018 in final production guise. While the company is yet to confirm the date, our sources inside the company confirm that a date close to this one has been set for the unveiling with a launch to follow shortly.

Tech giant Google today said it is working with multiple partners to use new-age technologies like artificial intelligence (AI) and machine learning (ML) to improve response time to natural disasters like floods as well as addressing healthcare challenges. Google Technical Project Manager (TensorFlow) Anitha Vijayakumar said the company has developed a system that uses AI for early and accurate flood warnings, including guiding over areas that are dangerous and prone to flooding.

E-Commerce giant Amazon today said its over 14,000 assisted online shopping service points, internally codenamed ‘Project Udaan’ till now,will be branded as’Amazon Easy’by the middle of 2019, a senior company official said today. “Starting withover200stores across the Krishna, West Godavari, East Godavari, Warangal, Nalgonda and Guntur districts in Andhra Pradesh and Telangana

Mumbai: Berkshire Hathaway Inc has picked up a 25 billion rupees (USD 356 million) stake in the parent of digital payments firm Paytm, a source said, its first investment in an Indian startup as it forays into the financial payments sector.

The conglomerate run by billionaire Warren Buffett confirmed in an email that Berkshire had invested in One97 Communications Ltd.

Betting big on technology for a seamless highway ride, the National Highways Authority of India (NHAI) will soon tie up with oil marketing companies for selling FASTags, as the authority is of the view that easy availability of these tags would lead to greater usage and less congestion on roads.

After a day’s breather, the benchmark indices Sensex and Nifty resumed record-setting rally to scale new peaks and logged their best single-day gains in nearly five months, tracking positive global cues as investors took heart from the US Federal Reserve’s “gradual approach” comments on monetary policy tightening.

The BSE Sensex surged over 442 points to close at its life-time high of 38,694.11 and the broader NSE Nifty ended at a fresh record of 11,691.95, rising 134.85 points.

Mumbai: Anil Ambani-led Reliance Communications (R-Com) on Monday said it had completed the planned sale of its optical fibre assets worth Rs 3,000 crore to Mukesh Ambani-backed Reliance Jio Infocomm (R-Jio).

The announcement marks the wrapping-up of yet another portion of a larger deal inked between R-Com and Reliance Jio in December last year that involved the sale of wireless spectrum, tower, fibre and media convergence nodes.

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