The CCTV cameras of the Apollo hospital's ICU ward in Chennai were switched off during the time late AIADMK chief J Jayalalithaa was admitted there, the group's chairman Dr Prathap C Reddy said today.

"Unfortunately they (CCTVs) were switched off. Jayalalithaa got admitted and one ICU was completely occupied only by her.

State Bank of India (SBI) hit a 52-week low of Rs 240.65, down 3% on the National Stock Exchange (NSE), falling below its previous low of Rs 241.15 touched on October 26, 2017 in intra-day trade.

In past three months, SBI has underperformed the market by falling 22% as compared to 7% decline in the Nifty 50 index. At 03:04 pm; the stock was trading 2.7% lower at Rs 241, against 0.32% decline in the benchmark index.

Tata Motors and a joint venture between Goldstone Infratech and BYD of China have bagged orders to supply electric buses to nine of the 10 cities that had invited tenders in the past two months as part of a pilot partly funded by the central department of heavy industries.

Tata Motors, which emerged as the lowest bidder, will supply 190 buses to six cities – Jaipur, Indore, Kolkata, Jammu, Guwahati and Lucknow – said the company’s spokesperson.

Shares of oil exploration and production companies such as Oil and Natural Gas Corporation (ONGC), Oil India, Aban Offshore, Jindal Drilling & Industries, Hindustan Oil Exploration Deep Industries and Selan Exploration Technology Company have rallied by up to 16% on the BSE in intra-day trade after oil hit a six-week high on Wednesday.

Brent crude futures were up $1.73, or 2.6%, at $69.15 per barrel by 12:50 a.m. EDT (1650 GMT). Brent has risen by nearly 12% since hitting a two-month low of $61.77 in early February, the Reuters report suggested.

Mumbai: Bharat Petro Resources Ltd (BPRL), the exploration and production arm of state-run oil marketing company Bharat Petroleum Corp. Ltd (BPCL) is planning to raise $600 million to refinance debt, two people aware of the development said.

BPRL has $600 million debt, which the firm accumulated across its acquisitions of global hydrocarbon assets.

Mumbai: India’s biggest oil refiner Indian Oil Corp. is planning to invest as much as $3.5 billion in the year beginning 1 April, or about a fifth more than the previous year, to expand and upgrade its refineries and boost its marketing network, according to people with knowledge of the matter.

The company plans to use internal resources for the capital expenditure and has no plans to raise loans or issue bonds, the people said, asking not to be identified as they aren’t authorized to speak to the media.

Mumbai: Two top executives at Axis Bank Ltd, India’s third largest private bank, have quit, two people aware of the development said.

Sidharth Rath, head of corporate and transaction banking, and V. Srinivasan, deputy managing director, have resigned, these people said on condition of anonymity. The Mumbai-based bank has seen a drastic fall in corporate loans in the recent past.

Bengaluru: Determining how India’s information technology (IT) industry is making itself future-proof just got more tedious. Industry body Nasscom will not come out with a broader definition for “digital”, the fuzzy umbrella term which each company uses to classify revenue generated from areas generally classified as social, mobile, analytics, cloud computing and Internet of Things, as it believes it is not practical to have a standard definition.

Mumbai: Anil Ambani-led Reliance Communications Ltd (RCom) on Wednesday said that the company’s bondholders have approved its asset sale plans, including its decision to sell its assets to Reliance Jio Infocomm Ltd and sale of other real estate.

RCom said its bond holders have also accepted part pre-payment through bonds that were due to mature in 2020.

BENGALURU: Amazon has almost closed the gap with Flipkart's standalone sales in 2017, behind in GMV marketshare by less than 1percentage point in 2017 from 5 percentage points in 2016, as per Forrester. However, Flipkart still leads as a group with Myntra and Jabong.

While Flipkart leads in fashion and smartphones, Amazon has taken lead in categories such as appliances, consumer electronics, and more importantly, groceries, which builds platform stickiness, said Satish Meena, a senior forecast analyst at Forrester.

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