Reliance Jio may have big plans for its fibre-to-the-home (FTTH) services — to be commercially launched on September 5 — but analysts feel the launch of the new service would not be as disruptive for the incumbents as Jio’s mobile services had been when launched three years ago on the same date.

If at all, there’s any major disruption by the launch of Jio’s wireline FTTH services JioFiber, it will be for the state-owned Bharat Sanchar Nigam (BSNL), which is currently the market leader in this segment.

Auto industry body Society of Indian Automobile Manufacturers (Siam) on Monday sought immediate steps from the government, including reduction in GST rates and initiation of scrappage policy, as sales continued to fall with passenger vehicle makers witnessing a decline of 30% offtake in August.

Siam said even commercial vehicle and two-wheeler sales are significantly negative, indicating that the market has still not responded to the various steps initiated by the finance minister Nirmala Sitharaman last month.

Reserve Bank of India seems to have stopped pursuing the introduction of plastic notes which was one of the main agendas until last year.

Instead, it will come out with a varnished note. As a pilot the Central bank will varnish a few batches of Rs 100 notes.

Maruti Suzuki India, India’s top carmaker, has reduced its production by 33.99% in August, making it the seventh straight month that the country’s largest car maker reduced its output.

The company produced a total of 1,11,370 units in August as against 1,68,725 units in the year-ago month, it informed the BSE on Monday.

Four people were killed and three others injured after a fire broke out at the Oil and Natural Gas Corporation's (ONGC) plant in Navi Mumbai township of Maharashtra on Tuesday, police said.

The ONGC said there was no impact on oil processing and that the gas was diverted to its Hazira plant in Surat district of Gujarat.

India’s top oil and gas producer ONGC on Friday unveiled a USD 15-16 billion investment plan to double output from its domestic and overseas fields and expand its refining capacity three folds alongside diversification into renewables in a new vision document for 2040.

“The new strategy document aims to transforms ONGC in a new ‘avatar’ in this new energy landscape as a diversified energy company with strong contribution from non-E&P businesses,”

The equity markets on Friday snapped their two-day losing streak, and ended with robust gains. Markets gained largely due to the positive global cues. Markets participants say that measures taken by the government in the last one week are positive for long term, but some measures are also required to kick-start the economy.

Coal India (CIL) has estimated that coal supplies by it by the end of FY26 will be lower than what is required to meet 100% of its committed volumes to buyers by 53.3 million tonne (MT). Shortages would persist even if it is able to meet the FY26 production target of 1,000 MT.

However, the company would have a surplus availability of 40.8 MT in FY24, if it supplies at ‘trigger level’ — a technical jargon for assured minimum commitment volume. The surplus is contingent on CIL producing 880 MT in FY24.

ICICI Bank’s (ICICIBC’s) annual report reaffirms our view that the bank is progressing well in its endeavour to strengthen balance sheet with strong focus on retail franchise. While its retail portfolio has been leading overall loan growth, GNPA has remained stable at 1.7% for many years; also, retail fees contribute over 70% to total fees. Concentration of the top-20 advances/exposures improved by 206bp/208bp to 12.1%/ 11.9% during the year. On the liability side, concentration of the top-20 depositors improved by ~50bp to 5.7%.

E-tickets bought through IRCTC will get costlier as the Indian Railways has decided to restore service charges from September 1, according to an order.

The IRCTC will levy a service charge of Rs 15 per ticket for non-AC classes and Rs 30 for AC classes, including first class, according to the August 30 order issued by IRCTC.

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