ICICI Bank hit two-year high of Rs 315, up 1.6% on BSE in early morning trade, ahead of the release of its April-June (Q1FY18) results today.

The stock is currently trading at its highest level since March 13, 2015 and nearly 14% away from its all-time high of Rs 358 touched on January 28, 2015 in intra-day trade.

At first glance, Indian telecoms upstart Jio's bet on 'free' internet-enabled phones to win over poorer customers is a near-fatal blow for low-end handset makers, most already struggling with paper-thin margins on some of the world's cheapest devices.

But industry executives and analysts say Jio's crossover feature phone - not quite a smartphone, not quite a no-frills handset - could, in fact, be a boon to the lower end of the market and suppliers that feed it, creating a new in-between category and getting more people online for the first time.

Benchmark indices ended the day higher with Nifty50 settling above the 10,000-mark for the first time. Sensex, too, ended at fresh closing high for the day led mainly by gains in metal, pharma stocks.

Expectations of a better earnings season with improving economic indicators have increased investor confidence, extending a record-setting rally this year, although high valuations are seen capping gains in the near term.

HMD Global, the Finnish company manufacturing Nokia-branded smartphones, is expected to launch its flagship Nokia 8 on August 16. According to online technology news portal The Verge, HMD has already started sending out media invites to an event in London.

The news about the Nokia 8 was first reported by Evan Blass, a credible source in the technology community, through his Twitter channel. Blass shared a picture of Nokia 8 media renders that showed the device's front and back side.

YES Bank moved higher to its record high of Rs 1,717, up 6% on BSE after the bank reported a better than expected year on year (Y-o-Y) jump of 32% in net profit at Rs 966 crore in the June quarter (Q1FY18). The bank had reported Rs 732 crore net profit in the same quarter an year ago.

Net interest income (interest earned minus interest expended) rose 44% Y-o-Y to Rs 1,809 crore from Rs 1,256 crore in the corresponding quarter of previous fiscal year.

New Delhi: The merger of Vodafone India Ltd and Idea Cellular Ltd is set to be completed ahead of time in 2018, the companies said on Tuesday.

The Vodafone-Idea merger will create India’s largest telecom firm, eclipsing Bharti Airtel Ltd and pose a formidable challenge to new entrant and disruptor Reliance Jio Infocomm Ltd.

State Bank of India (SBI) on Tuesday informed the Ahmedabad bench of the National Company Law Tribunal (NCLT) that the appointment of an interim resolution professional (IRP) will not impact Essar Steel’s operations. The court was hearing an insolvency petition filed by SBI and Standard Chartered Bank against Essar Steel as part of a dozen accounts picked by RBI for resolution under the Insolvency and Bankruptcy Code (IBC). The bank’s counsel was replying to Essar Steel’s counsel Mihir Thakore who wondered if an IRP would be capable to run the company. “An IRP may not be able to run the company like the management and board does.

State Bank of India (SBI) on Tuesday informed the Ahmedabad bench of the National Company Law Tribunal (NCLT) that the appointment of an interim resolution professional (IRP) will not impact Essar Steel’s operations. The court was hearing an insolvency petition filed by SBI and Standard Chartered Bank against Essar Steel as part of a dozen accounts picked by RBI for resolution under the Insolvency and Bankruptcy Code (IBC). The bank’s counsel was replying to Essar Steel’s counsel Mihir Thakore who wondered if an IRP would be capable to run the company. “An IRP may not be able to run the company like the management and board does.

Ford India is all set to launch the EcoSport facelift by the end of this year and for the first time, the compact SUV has been spied without any camouflage by Team-BHP. Clear images of the new EcoSport confirms major updates at the front such as a redesigned bumper and hexagonal grille with chrome accents and silver scuff plate at the bottom of the bumper. The vehicle will get projector headlamps with LED DRL's, roof rails and 17-inch alloy wheels.

US officials said on Tuesday they have seen increased North Korean activity at a site in the western city of Kusong that could be preparations for another missile test within days. The officials, speaking on condition of anonymity, said that over the past week intelligence has spotted equipment, possibly for launching an intercontinental ballistic missile (ICBM) or an intermediate-range missile, moving into Kusong. Earlier this month, North Korea said it had conducted its first test of an ICBM and mastered the technology needed to deploy a nuclear warhead via the missile.

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