Mukesh Ambani-controlled Reliance Industries Ltd (RIL) is said to be in talks for an initial public offering (IPO) for its mobile operator Jio. According to a Bloomberg report, Reliance is holding internal discussions about preparing to list Jio as early as late 2018 or early 2019. An RIL representative approached by Bloomberg for its report declined to comment.

Jio, which hasn’t made a profit since its official launch last year, is aiming to improve its financial performance before any share sale, said Bloomberg quoting people close to the development refusing to be named as the information was private.

New Delhi: IT industry association Nasscom on Monday said it has got an assurance from the government that the service tax notices served to several IT companies has been "corrected" and the issue has been resolved.

However, it could not be confirmed from the tax department whether the government is withdrawing or amending the reported Rs 10,000 crore demand notices served to some 200 companies.

Volvo has launched the second-generation XC60 in India at a price of Rs 55.90 lakh. The new XC60 underpins the same SPA (Scalable Product Architecture) platform that we’ve seen on the XC90, S90 and the V90. As a result of the SPA platform, the new XC60 is now more spacious on the inside and gets Volvo’s enhanced safety systems as well.

New Delhi: State-owned Oil and Natural Gas Corp (ONGC) has sought access to a data room to help fix the price at which it can acquire government's 51.11 per cent stake in HPCL.

India's largest oil and gas producer has so far been given an information memorandum (IM) by government's transaction advisor which ONGC feels is not sufficient to arrive at a valuation of Hindustan Petroleum Corp Ltd (HPCL), sources privy to the development said.

Business Standard is republishing this 11/12/2017 article in light of Indian cricket captain Virat Kohli and Bollywood star Anushka Sharma tying the knot on Monday in a private ceremony, reportedly at a countryside resort named Borgo Finocchieto in Italy.

They used to be the names big fashion brands turned to when it was time to launch a new style or jazz up an old line. Anushka Sharma, Sonam Kapoor, Alia Bhatt, Shraddha Kapoor and such others are the faces that have launched a plethora of local and international labels.

Mumbai: The Panaya Phantom continues to haunt Infosys - and attempts by the board of the $10-billion software giant to inch towards some form of closure are being badly stymied.

On Monday, former CFO Mohandas Pai - one of two close confidants of founder NR Narayana Murthy - gave a clear indication that they would not back down from their original demand for a full release of the investigation reports into the Panaya buyout.

Washington: US President Donald Trump has asked Congress to enact immigration reforms to protect American people, a day after a blast triggered by an ISIS-inspired Bangladeshi-origin man near a metro station in New York City left four persons injured.

Akayed Ullah, the 27-year-old suspected bomber, had wires and a pipe bomb strapped to his body. The device on Monday prematurely exploded between two subway platforms near Port Authority, which is America’s largest bus terminal, police said.

Mumbai: The markets regulator is “seriously” looking into the complaints about some individuals allegedly circulating key financial details and other market moving information about listed companies on social media groups before they are made officially public.

Securities and Exchange Board of India (Sebi) chairman Ajay Tyagi on Tuesday confirmed that the regulator has come to know of instances wherein price-sensitive financial data of reputed companies was leaked to right before the earnings were formally made public.

Mumbai: Shares of Tata Consultancy Services Ltd (TCS), India’s largest IT firm by market value, underperformed benchmark Nifty50 index for the fourth consecutive year in 2017. So far this year, TCS has gained 12.49% compared to a 26.1% rise of the 50-share index, according to data from Bloomberg.

Despite the underperformance, TCS shares are still the most expensive in the IT space.

New Delhi: Unitech Ltd approached the Supreme Court on Monday against an order of the National Company Law Tribunal (NCLT) allowing the government to take control of the real estate company. A bench headed by Chief Justice Dipak Misra said that the matter would be heard on Tuesday.

“We are more concerned with home buyers, and not the company or those holding fixed deposits,” Misra said.

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