In an unprecedented development, Mamata Banerjee’s Trinamool Congress has bagged 34% seats in yet-to-be conducted Panchayat Polls.

There will be no polling in 20,076 seats of the total 58,692 seats in the forthcoming three-tier Panchayat polls in West Bengal because the ruling Trinamool Congress has won at about one-third seats uncontested.

Shares of Interglobe Aviation rebounded, gaining 1% on Monday after falling over 6% on Friday after IndiGo announced today that Aditya Ghosh will step down as President and is likely to be replaced by one of its former executives Gregory Taylor.

It said Rahul Bhatia, a promoter of the company, has been appointed as the interim CEO.

In a span of a few years, mobile app-based cab companies have drastically changed the face of public transport in bigger Indian cities. Ever since the homegrown Ola and the international darling Uber made their entry in Indian markets, they been engaged in an almost neck-to-neck battle.

Understandably, recent rumours of a possible Ola-Uber merger in India have raised many eyebrows. While it is unclear if the deal will actually go through, Japanese conglomerate SoftBank, which is a common stakeholder in both ANI Technologies (Ola’s parent company) and Uber, is said to be brokering a deal in order to consolidate its investments.

Reliance Indutries (RIL) fell over 2% after the company’s consolidated finance cost jump to Rs 25.66 billion as against Rs 5.56 billion in the last quarter of 2016-17, and Rs 21 billion in the December 2017 quarter.

The company reported a consolidated net profit of Rs 94.35 billion for the quarter ending March 31 (Q4) on the back of improved performance of its petrochemical and retail businesses.

Five people were killed in a suicide blast in Afghanistan’s capital city Kabul on Monday morning.

According to local media reports, there were two blasts at the same location. There are several journalists among the injured, TOLO News said on Twitter.

A six-year-old girl who was raped, strangulated and left to die inside a school campus in Odisha's Cuttack district on 10 days ago, died on Sunday at the hospital where she was undergoing treatment.

The girl was found in the school at Jagannathpur village in a very critical condition and was immediately rushed to a nearby private nursing home from where she was shifted to SCB Medical College and Hospital in Cuttack, where she died on Sunday.

The government is working on a proposal to incentivise digital transactions by providing cashbacks to businesses and price benefits to consumers, a source said.

As per the proposal being worked out by the Revenue Department, consumers paying through the digital mode would be offered a discount over the maximum retail price (MRP). The discount would be capped at Rs 100.

BENGALURU: Amazon’s international losses jumped 29% to $622 million for the quarter ending March 2018, as against $481 million for the corresponding period in the previous year. The web retailer’s year-on-year losses from its global business continue to rise largely due to its India investments.

WUHAN: In a move that could upset Pakistan, Prime Minister Narendra Modi and Chinese President Xi Jinping have agreed to undertake a joint India-China economic project in Afghanistan at their first informal summit here, official sources said.

The understanding was reached between the two leaders during the two-day informal summit which concluded today, they said.

Mumbai: In a bid to facilitate cheaper access of overseas funds, the Reserve Bank of India (RBI) on Friday further liberalized External Commercial Borrowings (ECB) policy by including more sectors in the window.

“It has been decided to increase the ECB Liability to Equity Ratio for ECB raised from direct foreign equity holder under the automatic route to 7:1. This ratio will not be applicable if total of all ECBs raised by an entity is up to USD 5 million or equivalent,” RBI said in a late night notification.

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