How much does an Apple iPhone cost in India? While there are many models of the phone available, there is no one price that these, or for that matter, any Apple product, sell at. But the Cupertino-based tech giant may soon remove that anomaly, by setting up its centre in India; this would not only bring price parity, but also help stock products in adequate numbers. Starting 2017, the iPhone, iPad and Mac computers will be available in more Indian cities.

Telecom player Reliance Jio may face a paltry fine of Rs 500 for using Prime Minister Narendra Modi's photograph in its print advertisement a day after the formal launch of Jio's services on September 5.

In a reply to a question in the Parliament, Minister of State for Information and Broadcasting Rajyavardhan Singh Rathore said that while no permission was taken or granted by the Prime Minister's office for the use of the photograph in Jio's endorsements, the government was aware that it had happened.

Japanese carmaker Nissan Motor India has launched its iconic model GT-R in India, priced at Rs 1.99 crore (ex-showroom Delhi).

The Nissan GT-R is the iconic supercar that embodies the pinnacle of Japanese firm's engineering prowess and driving performance.

The government on Friday announced a steep increase in the limit for issue of securities under the Market Stabilisation Scheme (MSS) to R6 lakh crore from R30,000 crore earlier. This will be the highest limit for issue of securities under MSS ever.

Under the MSS window, the Reserve Bank of India on Friday auctioned cash management bills for an amount of R20,000 crore with a tenure of 28 days, which attracted 47 bids in all for notes worth R40,765 crore.

Bharat Heavy Electricals Limited (BHEL) has successfully commissioned the first unit of the 4x30 MW Pulichintala hydroelectric project (HEP) in Telangana. The greenfield project is being set up by TSGENCO in Guntur district of Telangana on the river Krishna. BHEL’s scope of work in the project includes design, manufacture, supply, supervision of erection, testing and commissioning of electrical & mechanical (E&M) package comprising four sets of 30 MW vertical Kaplan turbine & generator along with associated auxiliaries.

Bajaj Auto on Friday reported a 13 per cent decline in total sales in November at 2,69,948 units as against 3,09,673 units in the same month last year.

Motorcycle sales during the month fell by 12 per cent to 2,37,757 units as against 2,70,886 units in November last year, the company said in a BSE filing.

Continuation of the Payment Security Mechanism (PSM) is credit positive for NTPC, Moody’s Investors Service said. The Payment Security Mechanism is based on tripartite agreements between the central government, state governments and the Reserve Bank, and these agreements ensure payments to NTPC in the event of default by state-owned distribution companies, Moody’s said in statement.

Current agreements with various states expired in October 2016 and the Centre has given approval for their extension, NTPC had announced recently.

Three telecom companies lost a combined R4,288 crore in market capitalisation on Thursday after Reliance Industries chairman Mukesh Ambani said Reliance Jio Infocomm (RJio) would extend its free offers till March 31, 2017.

Shares of telecom majors such as Bharti Airtel, Idea Cellular and Reliance Communications fell between 1.7% and 5.9%.

Apollo Health and Lifestyle (AHLL) a wholly-owned subsidiary of Apollo Hospitals Enterprise, focusing on retail healthcare segment, has raised R450 crore by selling 29% equity stake to World Bank arm International Finance Corporation (IFC) and IFC Asset Management Company.

This investment will fuel AHLL’s expansion plans and fulfill its vision of bringing healthcare of international standards within the reach of 20 million patients each year by 2020. Apollo Hospitals has invested R500 crore in AHLL and the fresh infusion of R450 crore from IFC would take care of its growth plans for the next 24 months.

ICICI Bank on Thursday reduced the marginal cost of funds-based lending rate (MCLR) by 5 basis points (bps) across tenures. The one-year MCLR at the bank now stands at 8.9%, at par with that at State Bank of India (SBI).

SBI has left MCLRs unchanged from their levels a month ago. Private sector lender Kotak Mahindra Bank effected a 25-bps cut on its one-year MCLR. Rates on tenures between one month and three years were also reduced by between 10 bps and 30 bps.

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