The BCCI has officially informed Cricket Australia that India will not play any Day/Night Test match on their tour of Australia at the end of this year.

While Cricket Australia were insistent on having a pink ball Test, which has been a convention for all touring teams for the past few years, the Indian board has made it clear that they will not deviate from the traditonal red-ball matches.

Microsoft is set to kickstart is Build 2018 conference today in Seattle. Just a day before the commencement of the Google I/O 2018 developers’ conference, Microsoft is seizing the day with the big announcements centred around the new prospects for the company amid the sinking PC sales and lost mobile phone business entirely.

ZURICH: Swiss food giant Nestle announced Monday it will pay $7.15 billion for the rights to market Starbucks products around the world, outside of the company's coffee shops.

The agreement gives Nestle, which owns the Nescafe and Nespresso brands, a strong platform for continued growth in North America, the company said in a statement.

NEW DELHI: Punjab National Bank on Sunday said it plans to rely on artificial intelligence (AI) for reconciliation of accounts and incorporate analytics for improving audit systems as it seeks to clean up the process after the massive fraud involving Nirav Modi and Mehul Choksi.

New Delhi: The Narendra Modi-government will be putting up for auction a score of coal mines by June-end this year after tweaking some rules, besides starting work on the auctioning of around 288 iron ore and other mineral-bearing mines in the next financial year.

Top coal ministry officials said the coal auctions would be held by the end of June after incorporating changes in the way the previous auctions were held. The changes have been approved after an inter-ministry consultation.

New Delhi: ICICI Bank Ltd’s shareholders expect its board to clarify on conflict-of-interest allegations raised against its chief executive Chanda Kochhar at its Monday meeting to approve the lender’s March quarter earnings, executives from three top asset management companies said.

Mumbai: Reliance Industries (RIL) is likely to invest Rs60,000 crore into its telecom unit this fiscal year as the company seeks to speed up the roll out of broadband services and expand its wireless network, two people aware of the matter said.

In addition to this, unit Reliance Jio Infocomm Ltd may also borrow as much as Rs1 trillion, the people said, requesting anonymity.

German Automaker, Daimler AG has signed a memorandum of understanding (MoU) with The National Logistics Cell (NLC), Pakistan to set up a manufacturing unit of Mercedes‐Benz trucks in Pakistan. In a statement released by NLC, the company confirms that Daimler AG will locally assemble Mercedes-Benz Trucks in Pakistan and marks a major shift in the logistics and transportation industry’s preference towards European manufacturers.

Q4 showed increasing share of high yielding non-individual portfolio that aided in NIM expansion (up 16 bps q-o-q at 2.5%). Headline asset quality also improved (GNPA ratio down 9 bps q-o-q at 0.78% and NNPA ratio at 0.43%). Consequently, LICHF reported PAT of Rs 5.4 bn (up 1.9% y-o-y), in line with our estimate. Loan growth remained stable at 15.1% y-o-y supported by 14.5% y-o-y growth in disbursements.

Lenders led by State Bank of India have filed insolvency petitions at the National Company Law Tribunal (NCLT) against more than a dozen Videocon group companies that cumulatively owe about Rs 13,000 crore, a move that’s aimed at seeking a comprehensive resolution plan.

The debts have been grouped into four clusters to help streamline the process, three people with the direct knowledge of the matter told ET.

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