Apple's latest and much-awaited iphone 7 and iphone 7 plus will go on sale in India on October 7 and many e-commerce platforms have already opened pre-orders fo the new smartphone, with exciting offers.

Flipkart recently entered into a partnership with Apple, through which it can now directly source the phones from Apple instead of getting them through third party retailers. Tata CLiQ, Tata Group's e-commerce platform also joined hands with Apple to offer the phone on its website. Amazon will, however, continue selling the Apple phones through third party retailers.

The benchmark Sensex rebounded almost 104 points today after investors lapped up select blue-chips, tracking a firm trend in rest of Asia.

The 30-share index was trading higher by 103.56 points, or 0.36%, at 28,324.54, with sectoral indices led by oil and gas, capital goods, consumer durables and healthcare leading the charge.

Shares of YES Bank fell nearly 4% on Thursday after a media report suggesting that market regulator Sebi had found the bank violated rules, elicited a response from the bank.

A report in Mint newspaper, said that the Securities and Exchange Board of India (Sebi) had found reason enough to file adjudication proceedings against the bank and its investment bankers over the recent failed $1-billion QIP issue.

Six days after Microsoft received reports of a cumulative update that failed to install on some computers, the company has now released a "fix-it" tool.

"The update which tries to install and then rolls back repeatedly, affects PCs that previously ran a build delivered through the Windows Insider Programme," technology website, zdnet.com, reported on Ocotber 6.

Two years after government-owned Air India (AI) walked out of the Federation of Indian Airlines (FIA), citing differences in opinion, it has approached the lobby group to return, said three sources.

They say chairman Ashwini Lohani feels it will give more muscle to AI's demands when it approaches the government as part of a group. FIA is now a lobby group of the country’s private airlines, which presses for change in public policy and regulations.

Accenture Plc reported revenues of $8.5 billion in its fourth quarter, ahead of consensus estimates that revenues will grow to $8.4 billion. The company had started the year with guidance of 5-8% revenues growth in constant currency terms, but ended up with a much higher growth of 10.5%.

But this is hardly any reason for investors in Indian IT companies to get excited. On the contrary, Accenture’s higher growth may well suggest that it is gaining at the expense of Indian IT firms.

The Cabinet Committee on Economic Affairs on Wednesday gave its nod to the acquisition of 11 per cent stake in Russia's Vankor oil fields by ONGC Videsh Ltd (OVL) from Rosneft Oil Company for $930 million, which will take its overall stake in the project to 26 per cent.

The overseas arm of state-owned Oil and Natural Gas Corp (ONGC) had last year bought 15 per cent stake in the field for $1.268 billion. The acquisition of stake in Vankorneft will provide 3.2 million metric ton of oil equivalent (MMTOE) to OVL by 2017.

Alphabet’s Google on Tuesday announced a new “Pixel” smartphone and a virtual reality headset, the company’s latest effort to sell consumers on Google-branded devices and to challenge Apple’s iPhone at the high end of the more than $400 billion global market.

The new phone starts at a price of $649, and Google is working with exclusively with Verizon Communications in the US, Google executives said at a launch event in San Francisco.

Hinduja group flagship Ashok Leyland expects its defence business to log four-fold jump in revenues at over Rs 2,000 crore in next five years as it gears up to provide an entire range of mobility solutions, including missile carrying vehicles, to the armed forces.

"In defence, we have got tremendous growth. We have won 13 out of the last 15 tenders..We are today a Rs 500 crore company in defence and in five years we should be well above Rs 2,000 crore," Ashok Leyland MD Vinod Dasari told PTI.

The price of petrol was hiked by 14 paise per litre and that of diesel by 10 paise a litre on Tuesday , following increase in commission paid to dealers.

Petrol will now cost Rs 64.72 a litre in Delhi from midnight on Tuesday as against Rs 64.58 per litre currently. Diesel will cost Rs 52.61 per litre up from Rs 52.51 a litre.

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