Reliance Jio added a whopping 5,839,734 subscribers and controlled 9.29 per cent of the telecom market as of March 31, shows the latest report by the Telecom Regulatory Authority of India (Trai).

In March, Airtel led in terms of overall telecom market share, with 23.39 per cent of all subscribers. It was followed by Vodafone with a 17.87 per cent share, and Idea with 16.70. Reliance Jio was a distant fourth with 9.29 per cent subscribers.

Leading commercial vehicles maker, Tata Motors has launched its new BS IV-ready medium and heavy duty trucks with 'exhaust gas recirculation' (EGR) and 'selective catalytic reduction' (SCR) technologies in Tamil Nadu.

The company has perfected both technologies for its wider range of commercial vehicles from SCVs to HCVs as per technical suitability to meet the recently implemented emission standard instituted by the Centre, a release here said today.

New Delhi: Foreign direct investment (FDI) equity inflows into India rose 9% to a record $43.5 billion during fiscal year 2016-17, at a time when global FDI inflows are falling.

In the January-March quarter, however, FDI equity inflows fell 28% to $7.6 billion, data released by the department of industrial policy and promotion (DIPP) on Friday showed.

Punjab National Bank (PNB) plans to cut the time taken to clear a decision of the joint lenders’ forum (JLF) by dividing loans into two categories – one where it is the lead bank and in other where it is not, newly-appointed MD & CEO Sunil Mehta said. “In accounts where we are just a member of the consortium, we do not have a decision making authority since we will have to fall in line with whatever decision is made by majority of the members,” he said, adding that in accounts where the bank is the majority lender, it will actively work with other lenders to quickly resolve the stress.

State Bank of India (SBI) more than doubled its net profit to Rs 2,815 crore in the March 2017 quarter, on the back of lower provisions. Provisions were lower by 11% year-on-year (y-o-y) at Rs 11,740 crore, of which those for bad loans fell 10% y-o-y to Rs 10,992 crore. The profits came off a small base — in the March 2016 quarter provisions for non-performing loans had soared following the asset quality review (AQR). SBI’s asset quality improved in the March quarter, with gross NPAs as a percentage of gross advances falling 33 bps sequentially to 6.9%.

The Reserve Bank of India's Deputy Governor Viral Acharya said injecting new funds into lenders won’t resolve the nation’s stressed asset plight until companies take steps to reduce debt.

The Reserve Bank of India is seeking to strengthen the banking system through measures including merging weaker banks and pushing to privatize some state-run lenders as it ramps up efforts to resolve the world’s highest stressed-asset ratios. Banks would be happy to lend but there is no demand from corporates as they are heavily indebted, he said in a speech in Kolkata on Friday.

Six passengers, including a woman, were burnt alive on Saturday morning when a Uttar Pradesh State Roadways Transport Corporation (UPSRTC) bus caught fire after a high-tension line fell on it.

The incident occurred just hours before Chief Minister Yogi Adityanath’s visit to Banda.

Mumbai Indians breezed into the final of IPL-10 with a six-wicket win over Kolkata Knight Riders in the Qualifier 2, their clinical performance making it look all too easy in the end here tonight.

Two-time winner Mumbai Indians will lock horns with Rising Pune Supergiants in the title clash in Hyderabad on Sunday.

Private sector lender Kotak Mahindra Bank and Tata Motors’ differential voting right (DVR) shares will be included on BSE's benchmark Sensex from June 19.

State-owned GAIL will move out of the Sensex, said Asia Index — an equal venture between S&P Dow Jones Indices LLC and the BSE — in a circular.

The two-day summit to finalise the goods and services tax (GST) concluded in Srinagar on Friday with most of the job done, but leaving a lot unfinished. The rates of six categories of products, including bidis, gold, agriculture implements, textile, footwear and bio-diesel, will now be taken up at another round of meeting on June 3 in New Delhi.

While the GST Council, chaired by Union Finance Minister Arun Jaitley, brainstormed on thousands of items ranging from consumer goods to luxury cars, steel and coal to betting and gambling, in a plush hotel against the backdrop of Dal Lake, the action shifted to historical ‘Chashme Shahi’, a royal spring at one of the Mughal Gardens, for announcing the outcome of the summit on Friday.

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