New entrant Reliance Jio Infocomm (Jio) has yet again topped the regulator Trai’s speed test for April 2017 clocking an average 4G download speed of 19.12 Mbps. This is the fourth consecutive month that RJio has topped the speed test. The top three incumbents — Bharti Airtel, Vodafone India and Idea Cellular — have also improved their performance in terms of data speed.

With a view to expanding international operations, Air India will add four Dreamliner aircraft to its fleet. Senior executives at the airline said it would use a $450 million bridge loan (Rs 2,900 crore) to part fund the purchase. The mandate for sourcing the loan has been given to Mashreque Bank and NABARD. The expansion of the Dreamliner fleet will help the airline operate on long haul routes.

Information technology (IT) services major Infosys on Friday said it will hire 20,000 people this year, against only 400 people being asked to leave on performance grounds and termed reports of large-scale job losses as “overstated”.

Infosys Chief Operating Officer U B Pravin Rao said the technology-driven transformation presents new opportunities for companies such as Infosys.

The Securities and Exchange Board of India (Sebi) has set up a committee to recommend on better corporate governance standards at listed companies.

The 21-member panel is to give its report in four months. It will be chaired by Uday Kotak, executive vice-chairman and managing director of Kotak Mahindra Bank. There will be representatives from corporate India, stock exchanges, legal firms, Sebi and proxy advisory firms.

Amid the growing clamour in the Indian IT industry over the techies staring at mass job losses in the face of various challenges to the business, there seems to have come across a good news. Bellwether Indian IT company Infosys plans to hire 20,000 people in India this year, ET Now reported citing a wire report, which in turn cited the company COO.

However, the net hiring could be less than the figure, due to attrition and potential layoffs. Infosys had hired 6,320 employees on a net basis in the last financial year 2016-17, down from 17,000 employees it hired in the year before that.

The anti-corruption crusader Anna Hazare has offered to hold talks on behalf of the agitating farmers with the BJP-led government in Maharashtra.

He has extended his support to the farmers strike, which entered second day on Friday crippling the supply of milk, fruits and vegetables in Mumbai and other cities.

IT major Wipro today said it has reinforced security measures at all its office locations after receiving a second threat email, but there was no impact on the company's operations.

"Wipro confirms that it has received a second threatening-mail.... There is no impact on the company's operations," the company said in a statement here.

Home-grown auto major Tata Motors on Friday reported a 4.39 per cent decline in total sales in May at 38,361 units compared to 40,123 units in the same month last year.

Domestic sales of Tata Motors' commercial and passenger vehicles declined by 3.45 per cent to 34,461 units last month as compared to 35,695 units in May 2016, Tata Motors said in a statement.

German luxury car maker Mercedes Benz on Friday launched the all new E-Class 220 d sedan in India, priced at Rs 57.14 lakh (ex-showroom Pune).

The company also rolled out a new four-cylinder diesel engine, OM 654, manufactured at Mercedes Benz Chakan facility in Pune.

MUMBAI: Indian tycoon Anil Ambani, who controls Reliance Communications, is due to hold a media briefing on Friday in a bid to reassure investors after worries over the mobile carrier's heavy debt load rattled markets and triggered ratings downgrades.

A briefing would mark a rare appearance by Ambani, 57, reflecting the difficulties facing Reliance Communications, widely known as RCom, India's seventh-ranked telecoms carrier by customers. Ambani has a net worth of $2.7 billion, according to Forbes.

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