Amazon.com Inc's Indian arm said on Monday it will halve the fee for new sellers on its platform as the e-commerce giant gears up for the festive season in one of its key markets.

All new sellers registering on Amazon.in between Aug. 28 and Oct. 26, and launching within 90 days, can avail a 50% waiver on the amount they pay to sell their products through the website, it said in a statement.

Air India on Monday said it will progressively induct 30 new aircraft, including 5 wide-body Boeing planes, from December this year, as the Tatas-owned airline looks to boost its domestic and international services.

The airline has signed leases and letters of intent for inducting 5 wide-body Boeing and 25 Airbus narrow-body planes over the next 15 months.

The telecom carriers in India are expected to invest around $19.5 billion in the development of advanced infrastructure for 5G by 2025, according to a GSMA report.

The report showed that 5G could benefit the Indian economy by $455 billion between 2023 and 2040, or more than 0.6 per cent of the GDP forecast for 2040, reflecting the large number of 5G use cases that could be implemented in the main sectors of India's economy.

At least 20 persons died, 14 of them due to drowning, in various incidents that occurred during the immersion of Ganesh idols in parts of Maharashtra, police said on Saturday.

The 10-day Ganesh festival, which had started on August 31, ended on Friday.

Indian digital businesses are witnessing rapid growth, aided by stronger adoption of online services in diverse segments, especially in the fintech landscape. In view of this development, Dipan Mehta, Director, Elixir Equities, recently said in an interview to a publication that he believes that the next set of multibagger stocks will come from digital businesses.

Elaborating on the subject, Mehra said the next set of multibaggers will come from concept stocks rather than mature businesses.

The open offers for Ambuja Cements and it's subsidiary, ACC have received lukewarm response from the public shareholders.

In Ambuja Cements, 727,000 shares, including 29,932 shares in physical form, were tendered till Friday evening--the day the open offer closed. Similarly, 4,061,000 shares (including 9,719 physical shares) were tendered by ACC shareholders.

Reliance Petroleum Retail (under name change to ‘Reliance Polyester’), a wholly-owned subsidiary of Reliance Industries, on Saturday acquired the polyester business of Shubhalakshmi Polyesters (SPL) and Shubhlaxmi Polytex (SPTex) for Rs 1,522 crore and Rs 70 crore, respectively, in cash.

The acquisitions are subject to approval by the Competition Commission of India (CCI) and the respective lenders of SPL and SPTex.

Congress leaders on Saturday resumed the fourth day of the party's 'Bharat Jodo Yatra' from Mulagumoodu in Kanyakumari and it is likely to enter Kerala by today evening.

Congress MP Rahul Gandhi along with other party leaders commenced their journey to unite India.

Multiplex operator PVR has called a meeting of its shareholders and creditors on October 11 to seek their approval for the scheme of merger with rival Inox Leisure.

This comes after the Mumbai bench of the National Company Law Tribunal (NCLT) on August 22 directed PVR to call a meeting.

Zydus Lifesciences Ltd on Friday said it has acquired rights to market MonoFerric (iron isomaltoside) injection, used to treat iron deficiency in adult patients, in India and Nepal from Denmark-based Pharmacosmos A/S.

MonoFerric is indicated for the treatment of iron deficiency in adult patients when oral iron preparations are ineffective or cannot be used or where there is a clinical need to deliver iron rapidly, the company said in a regulatory filing.

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