Idea Cellular has rallied nearly 3%, or Rs 5, to Rs 179 levels on the Bombay Stock Exchange (BSE) around 12 noon on reports that the company has hiked mobile data rates by up to 100% for pre-paid customers in the NCR region.

According to a Times of India (TOI) report, the country's third largest telecom operator has doubled the price for some 2G plans, while 3G will be costlier by about 33%.

After two years, the Bombay High Court passed an order in the YES Bank and Madhu Kapur case on Thursday. However, the order is yet to be made public. The judge has asked the two parties to go in for a further round of mediation. Both parties will receive a copy of the order and the round of mediations will be based on it. The next hearing is scheduled for June 17.

In 2013, the dispute between the promoters of YES Bank over board-level appointments had come to light ahead of the bank’s annual general meeting (AGM). The judgment was passed two days ahead of the AGM scheduled on Saturday.

Microsoft on Thursday said it had set up three data centres in this country. With these, the Redmond-headquartered software major expects to be better equipped to target sensitive sectors like government and financial services. where there is always fear on data privacy.

Every year, Microsoft invests around $5 billion in setting up data centres and towards their operations. The centres have the ability to scale up further without much of physical expansion.

Facebook on Thursday released a ‘Lite’ version of its application that was tailored for people using Android smartphones in places where wireless data bandwidth is scarce.

Facebook Lite was built to use less data and work well despite potentially constrained telecommunications network conditions in developing countries, according to the California-based online social network.

Snapdeal on Thursday launched a ’90 minutes reverse pick-ups’ with its logistics partner, gojavas.

Using the service, Snapdeal customers wishing to return or replace their online orders will be reached within 90 minutes of intimation, Snapdeal said in a statement.

Car market leader Maruti Suzuki is planning to bring new green technologies, which could include parent Suzuki’s mild hybrid system and downsized direct-injection turbo petrol engine to cut emissions by enhancing fuel efficiency.

The company said fleet emissions of carbon dioxide had been down by over 11.6 per cent in the last five years and it would continue to work to bring it further down to promote clean air benefits. “This has been possible through fuel efficiency improvements, reduction of exhaust emissions and development of alternate fuel products during this period, the company said in a statement.

IT services major Infosys on Thursday said it had completed the acquisition of Kallidus Inc. (d.b.a Skava) and its affiliate, the company said in a press release.

Earlier, on April 24, Infosys has announced that it had signed a definitive agreement to acquire the U.S.-based Kallidus Inc. and its affiliate in an all-cash deal for a total consideration of $120 million, including retention bonus and a deferred component.

Sebi on Thursday imposed a penalty of Rs 2 crore on New Delhi Television Ltd (NDTV) for delayed disclosures to the stock exchanges about a Rs 450-crore tax demand in early 2014.

The fine has been slapped for violation of disclosure norms under listing agreement.

NEW DELHI: State-owned Indian Bank on Thursday slashed base rate or the minimum lending rate by 0.3 per cent while United Bank of India (UBI) has reduced fixed deposit rates by up to 0.25 per cent on select maturities.

With the reduction, the base rate would be 9.95 per cent from 10.25 per cent effective June 8, Indian Bank said in a statement.

NEW DELHI: A cabin crew member of an Air India flight was detained by the Jeddah Airport authorities on charges of smuggling out gold.

The detained cabin crew was to board the flight bound for Kochi, along with 11 other crew members, sources said here tonight.

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