The swift way in which the Idea-Vodafone merger is progressing under a year shows the improvement in ease of doing business in India.”

That was Vittorio Colao at the World Economic Forum (WEF) governors’ meeting in Davos earlier this year. Though a vocal critic of the labyrinthian regulations and bureaucracy of the world’s largest democracy

On the first day of a three-day meeting of the monetary policy committee (MPC), the country’s largest lender, State Bank of India (SBI), moved to hike its long-term deposit rates, albeit marginally.

SBI also slashed its shorter term bulk deposit rates (Rs 10 million to Rs 100 million) by 25-45 basis points (bps), while increasing the longer term bulk deposit rates by 5 bps to 60 bps.

The head of one of India’s largest state-run banks says the government needs to ease its grip over the lenders or risk slowly killing off the sector.

Tight government control makes it hard to attract talent or take the tough decisions needed to address the bad debts weighing down the banks, according to Ravi Venkatesan, the outgoing chairman of Bank of Baroda.

T-Mobile US named Nokia to supply it with $3.5 billion in next-generation 5G network gear, the firms said on Monday, marking the world’s largest 5G deal so far and concrete evidence of a new wireless upgrade cycle taking root.

No.3 US mobile carrier T-Mobile — which in April agreed to a merger with Sprint to create a more formidable rival to US telecom giants Verizon and AT&T — said the multiyear supply deal with Nokia will deliver the first nationwide 5G services.

Larsen & Toubro (L&T), an engineering major perceived as a proxy to core sector economic activity, is seeing its services portfolio getting strengthened. A closer look at the company’s financial performance in the June quarter reveals it is coming out of its traditional image.

Contribution from the services sector to L&T’s order inflow in April-June 2018 was an impressive 21.8 per cent, second to infrastructure that continued to be high at 42.9 per cent.

New Delhi: The proposed sale of iconic Air India tower in Mumbai could turn out to be a damp squib as the prospective buyer JNPT’s projection of earnings from the property is much lower than the airline's expectation.

The initial estimate by Jawaharlal Nehru Port Trust (JNPT), the government-owned entity that is being prodded to acquire the building on Queen's necklace in the financial capital

WhatsApp has started working on building its payments service for other countries even as it waits for the "green light" from Indian authorities for offering the feature to its user base here.

Facebook-owned WhatsApp has been testing its payments services in India for a few months now with about one million users and is waiting for clearance from the government for a full-fledged rollout across the country.

Mumbai: India’s motorcycle market is set to witness a new round of competitive intensity as Bajaj Auto Ltd prepares to grow its share in the market for entry-level and premium motorcycles, according to analysts. Bajaj’s push for market share growth is already consuming its profit margins but the Pune-based company is undaunted and has set greater ambitions with aggressive product pricing, the analysts told Mint.

New Delhi: Hyundai Motor India Ltd, the second largest carmaker in India, may introduce a micro sports utility vehicle (SUV) to consolidate its position and increase market share, a top company official has said. Hyundai, which makes three SUVs—Creta, SantaFe and Tucson—is planning to add more products, specifically under the sub four-metre category. “We have a small SUV Creta; may be later, we may have a micro SUV also.

Mumbai: Essar Oil and Gas Exploration and Production Ltd is planning to sell as much as 30% in its flagship coal-bed methane (CBM) block in Raniganj, West Bengal, said two people familiar with the development. Essar Oil, which completed the $12.9 billion sale of its refining and distribution business to a consortium led by Russia’s Rosneft PJSC last August, operates the coal-based methane business and a refinery in the UK.

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