India News

BSNL clears deal with Reliance Jio

The BSNL board has formally approved signing of an intra-circle roaming (ICR) pact with Reliance Jio Infocomm across all 22 circles.

A top BSNL official said the two companies will start working on the agreed ICR arrangements and are expected to close the deal in a month’s time.

Sensex falls nearly 76 points in early trade on profit-booking

The benchmark BSE Sensex fell nearly 76 points in early trade on profit-booking by investors in recent gainers, even as retail inflation fell to a three-month low in February.

At 1011 hours, the Sensex was trading down 75.97 points slightly higher than its early morning level or 0.31% at 24,728.31 on the stock exchange. In the early morning trade, the 30-share barometer, which gained 180.94 points in the past two sessions, was trading down 60.95 points or 0.25% at 24,743.33 with healthcare, FMCG, power, oil and gas and metal sector stocks leading the losses.

ICICI Bank enters international bond market with nearly Rs 3,346.25 crore issue

The country's largest private sector lender ICICI Bank has hit the international bond market with a $500-million (Rs 3,346.25 crore) issue. The bond sale is part of the bank's $7.5-billion (nearly Rs 50,193.75 crore) global medium-term note programme and is the first from a private sector domestic financial institution this year.

"ICICI Bank is in the overseas debt market with a planned $500 million (nearly Rs 3,346.25 crore) bond sale which will have a 10-year maturity. The bank has given a pricing guidance of 230 basis points above the US treasury," industry sources told PTI on Monday.

M&M, Tata Motors among most sustainable firms

A survey of corporate India by the Confederation of Indian Industry (CII) says the metals and mining, automobile and construction materials sectors lead in sustainable business practices.

The Sustainable Plus survey, revealed on Monday, looks at the 100 largest companies by market capitalisation across 20 sectors in the country. It is aimed at checking the environment, social and governance dimensions of business and measures the progress of Indian companies in adopting sustainable business practices.

FSSAI launches project 'Clean Street Food'

Food Safety and Standards Authority of India (FSSAI) yesterday launched ‘Clean Street Food’ project to raise the safety standards of foods sold on streets across New Delhi by training 20,000 roadside vendors on aspects of health and hygiene, in the first phase. As part of project Clean Street Food, FSSAI will partner with the Ministry of Skill Development & Entrepreneurship to train street food vendors at more than 40 centres across Delhi under the Recognition of Prior Learning (RPL) category of the Government’s flagship skills training scheme- Pradhan Mantri Kaushal Vikas Yojana (PMKVY).