Amazon founder Jeff Bezos' recent visit to India is finally yielding some results for the American e-commerce giant.

Kishore Biyani-led Future Group, one of India's largest brick and mortar retailers, on Monday announced it has entered into a strategic alliance with Amazon India to sell its private labels.

Although there was no major damage in Odisha from Cyclone Hudhud on Sunday, the threat of large-scale flooding loomed large in the southern Odisha districts of Ganjam, Gajapati and Kandhamal, with major rivers in spate following incessant rain under the influence of the storm.

Three people have died in cyclone-related incidents in the state, according to Special Relief Commissioner P K Mohapatra. These casualties - two in Puri and one in Kendrapara district - occurred on Saturday, a day before the cyclone struck the coast, owing to drowning and wall collapse.

Falling crude oil prices will make it more difficult for Reliance Industries to get enough returns on its $7.4-billion investment in three US joint ventures, say analysts.

As already reported, RIL plans to sell 45 per cent stake in its joint venture for shale gas in the US with Pioneer Natural Resources.

Foreign investors are anticipating a long-pending nod from the Foreign Investment Promotion Board (FIPB) for an increase in foreign investment limit in HDFC Bank, going by the recent narrowing in premiums.

The premium between HDFC Bank's American Depositary Receipts (ADRs) and its local shares have seen a sharp reduction in the past month.

In a fresh list of terror outfits circulated by the Securities and Exchange Board of India (Sebi) to the stock exchanges, market entities have been asked to stay cautious about any funds or entities linked to the infamous ISIS (Islamic State in Iraq and Syria) finding their way to Indian capital markets.

While no instance of any ISIS-linked activities in the Indian markets has come to the fore so far, the regulator has informed the stock exchanges about the updated Al-Qaida sanctions list of the United Nations Security Council, which has named various ISIS-linked entities in its new list. The stock exchanges have, in turn, informed their trading members about the updated sanctions list.

Samsung Electronics said it has developed a Wi-Fi technology that can increase data transmission speeds by five times the maximum rate possible with existing consumer electronics devices.

The 60 GHz Wi-Fi technology will enable a 1 gigabyte movie to be transferred between devices in less than three seconds while allowing uncompressed high-definition videos to be streamed in real time, the Suwon, South Korea-based company said in an e-mailed statement on Saturday. The technology removes the gap between theoretical and actual speeds, and exhibits actual speeds more than 10 times faster than with existing Wi-Fi technologies, it said.

The Madras High Court on Friday asked the fair trade watchdog Competition Commission of India (CCI) not to take any action against luxury car maker BMW, as it (the Court) decided to hear the carmaker's plea along with other car manufacturers’ petitions against the CCI Order.

In August 2014, CCI slapped a combined penalty of Rs 2,554 crore on 14 car makers including BMW (Rs 20.41 crore) for failing to sell spare parts in the open market. The watchdog said it wanted to make the components market more broad based, user friendly and less expensive for consumers.

India's Reliance Industries Ltd is seeking a buyer for its stake in the Eagle Ford Basin oil and natural gas joint venture with Pioneer Natural Resources, a sale that could raise up to $4.5 billion, according to people familiar with the matter.

Pioneer, which has about 230,000 acres in the Eagle Ford Basin according to its website, sold a 45% interest in the property to Reliance for $1.2 billion in 2010. The Eagle Ford Basin asset is a three-way joint venture between Mumbai, India-based Reliance; Irving, Texas-based Pioneer, and a division of Mexico's Alpha SAB de CV.

The Securities and Exchange Board of India (Sebi) plans to revamp the product labelling framework for mutual fund (MF) schemes.

The changes could include further categorisation of equity schemes. Under current guidelines, all MF equity schemes are colour-coded as brown, denoting high riskiness.

Life insurers have raised objections to a major change in one of the provisions of the revised insurance Bill, likely to be passed in the winter session of Parliament.

Section 45 in the new Bill says no claim can be repudiated after three years of the policy being in force, even if a fraud is detected, has sent life insurers into a tizzy.

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