Mumbai: Reliance Industrial Investments Holdings Ltd (RIIHL), the investment arm of Reliance Industries Ltd (RIL), is planning to raise ₹4,000 crore to meet the group’s funding and investment requirements, including for its telecom venture Reliance Jio Infocomm Ltd, two people aware of the development said.

Nirav Modi, the billionaire jeweller at the heart of a more than ₹13,578-crore Punjab National Bank (PNB) fraud case in India, has fled to the UK, where he is claiming political asylum, the Financial Times reported on Sunday, citing Indian and British officials.

Britain's Home Office said it does not provide information on individual cases. Nirav Modi could not be contacted by Reuters for comment on the FT report.

Engineering major Larsen & Toubro (L&T) today said its construction arm has bagged orders worth Rs 2,210 crore across business segments in the domestic market. L&T said its water and effluent treatment business has secured orders worth Rs 2,044 crore.

The new 2018 Maruti Suzuki Ertiga MPV has been testing for quite some time now. Reports on the internet suggest that the new model is due for India launch in the month of August and is already up for sale in Indonesia since April 2018. There have been multiple spy images on the web of the new Maruti Suzuki Ertiga and by now, you must be familiar with the idea of how the car will look from outside.

The friendly neighbourhood kirana store is getting increasing attention from ecommerce behemoths such as Amazon India and Myntra for handling the last leg of their deliveries.

Ecommerce companies have over the past year significantly scaled up their use of this channel for last-mile delivery, allowing them to reduce their delivery staff or engage them for more advanced tasks.

If you are flying Air India, be extra cautious while packing those suitcases. Because from today, June 11, you have to shell out more for extra baggage while flying with the national carrier.

Air India has hiked the charges for extra luggage from Rs 400 to Rs 500. However, these revise changes will not be applicable in Air India's regional arm, Alliance Air.

The BSE Sensex rebounded by 184 points while the Nifty recaptured the 10,800-mark in early trade today on sustained buying by domestic institutional investors amid positive global cues.Asian markets were trading in the green as investors were looking ahead to US President Donald Trump's meeting with North Korean leader Kim Jong Un.

As multi-agency probe continues in India into alleged lapses involving ICICI Bank’s chief Chanda Kochhar (pictured) and her family members, the matter has also come under the scanner of the US markets regulator Securities and Exchange Commission (SEC).

Besides, the Indian regulators and investigative agencies are mulling seeking help from their overseas counterparts, including in Mauritius, as part of their own probes, officials said.

President Trump upended two days of global economic diplomacy late Saturday, refusing to sign a joint statement with America’s allies, threatening to escalate his trade war on the country’s neighbours and deriding Canada’s prime minister as “very dishonest and weak.”

In a remarkable pair of acrimony-laced tweets from aboard Air Force One as he flew away from the Group of 7 summit toward a meeting with North Korea’s leader, Trump lashed out at Justin Trudeau.

India’s Oil and Natural Gas Corp., which once had $4.3 billion of funds, is now bleeding cash. The state-run company’s cash reserves have shrunk by more than 90 percent in the past year, after it was ordered to purchase the administration’s stake in a refiner and it paid a record dividend. ONGC’s reserves dropped to about 10 billion rupees ($148 million) as on March 31 from nearly 130 billion rupees a year earlier, according to data compiled by Bloomberg.

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