State Bank of India (SBI) is planning to tap the potential of e-commerce business and focus on digital platform in the near future, said B Sriram, managing director (National Banking Group), SBI. The Bank is also looking at increasing its growth in Small and Medium Entreprises (SME) portfolio to 10 to 12% by the end of the year.

The Bank, which already entered into agreement with some of the e-commerce players, would look at covering the entire e-commerce value chain, he said.

GMR Infrastructure's consolidated net loss narrowed to Rs 429.45 crore for the June quarter.

It had reported a net loss of Rs 593.2 crore a year ago.

GMR Infrastructure's net sales in the quarter under review rose to Rs 2,928.22 crore, up 8.47 per cent, as against Rs 2,699.38 crore in the same quarter a year earlier, GMR Infrastructure said in a BSE filing.

If you were intrigued by Livetext, the audio-free video messaging app launched by Yahoo last month, but don’t live in the U.S. or the handful of test markets where it was available, then we have news for you. The app is now live worldwide, which means anyone with an iOS and Android device can get hold of it.

The days when mobile messaging was an under-catered sector are long gone, we at TechCrunch get a steady stream of pitches from people behind new messaging apps on a daily basis, but, to give Yahoo some credit, the app does offer something different to the biggest players in the chat app space. That’s because while you can beam video to your friends, it is entirely silent.

Mumbai: The Indian rupee on Friday erased all the losses and gained 0.07% to 65.05 a dollar from its previous close of 65.10. Earlier in a day, the Indian currency fell to as much as 65.31.

State-run banks sold dollars, likely on behalf of the Reserve Bank of India, at 65.28-65.30, three Mumbai-based traders said, according to Bloomberg.

Bengaluru: DLF Ltd, India’s most valuable property developer, is planning to go slow on fresh project launches and focus on finishing existing projects instead, at a time when homebuyers have lost the confidence to invest in under-construction projects, especially in the National Capital Region (NCR).

The company also plans to partially monetize its rental portfolio by bringing in long-term investors, the company said in an analyst presentation.

NEW DELHI: The possibility of a renewed attempt by Pakistan-sponsored terror groups to foment trouble around Independence Day by exploiting the resentment over alleged discrimination of Muslims by the judiciary in the wake of execution of 1993 blasts convict Yakub Memon has led the Centre to issue a detailed advisory to all states and Union territories for heightened surveillance.

KOLKATA: With the Narendra Modi government allowing spectrum sharing, Reliance Communications (RCOM) and Reliance Jio Infocomm are set to ink a pact that will enable the Mukesh Ambani-owned telco to offer fourth generation (4G) services over the 800 MHz band across 10 circles.

The airwaves sharing pact will allow Reliance Jio to access 10 MHz of contiguous 4G bandwidth in Mumbai, UP-East, Orissa, Madhya Pradesh, Bihar, Assam, Northeast, Haryana, Himachal Pradesh and Jammu & Kashmir, a person familiar with the matter told ET.

The service tax department has got the nod from finance ministry to go ahead with its ongoing investigation against the stock markets regulator Securities and Exchange Board of India (Sebi) for not paying service tax of Rs 250 crore since 2012.

In a letter on Wednesday, the ministry of finance has told the Mumbai service tax department to continue its investigation and initiate further course of action.

Markets have gained momentum with Nifty heading towards 8,500 levels after China's central bank today raised the value of yuan against the US dollar by 0.05%, putting a stop to the 3-day fall in the currency. Meanwhile, investors stepped up buying in bluechips at attractive valuations after inflation eased raising hopes of a rate cut by the RBI.

A further decline in the crude oil prices has boosted the sentiments it will help India in controlling the fiscal deficit.

Infosys, Dr Reddy’s Laboratories, Glenmark Pharmaceuticals, Adani Ports and Special Economic Zone, Abbott India and Torrent Pharmaceuticals are among 22 stocks that have hit their lifetime highs in intra-day trades today.

Positive corporate announcements and better-than–expected net profit growth for the quarter ended June 2015 (Q1FY16) have fuelled the rally in these stocks.

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