HDFC Bank, India's most valuable lender by market capitalisation, sees tentative signs of a revival in rural areas at a time when the wider economy is sputtering.

The recent loan outreach programs underway in rural areas have given us the sense that the consumption in rural and semi-urban areas is turning more positive, HDFC Bank Executive Director Kaizad Bharucha said in an interview last week.

Mobile operators' association COAI has told the government on the recent tariffs hike by the telcos will improve their financial health, and borrowing capacity and boost the AGR collection for the government.

In a letter to DoT Secretary Anshu Prakash, Cellular Operators Association of India Director General Rajan Mathews said: "Historically telcos have reduced tariffs, but the present increase is motivated by the dire financial situation of most TSPs, resulting from unsustainable levels of debt incurred for payments of spectrum won in auctions."

Ride-hailing app Uber launched its second Indian Center of Excellence (CoE) in Visakhapatnam, which is expected to create 500 jobs.

Set up at a cost of $800,000, the centre will provide specialised customer support for critical incidents that require immediate attention.

Facebook started testing a tool on Monday that lets users move their images more easily to other online services, as it faces pressure from regulators to loosen its grip on data.

The social network's new tool will allow people to transfer their photos and videos directly to competing platforms, starting with Google Photos.

A 27-year-old Indian-origin man has been convicted for conspiring to distribute an opioid pain medication outside the usual course of professional practice and without any legal medical purpose.

Anmol Singh Kamra of Philadelphia, a pharmacy technician conspired with George Fisher, a physician, and Frank Brown, both charged separately, to illegally distribute thousands of oxycodone pills to people suffering from addiction.

Lack of marquee investors and fear that the Reserve Bank of India (RBI) will not clear the investments by the new investors hit the share price of YES Bank on Monday. The bank's stock closed 6.2 per cent down at Rs 64 a share. The bank's dollar bonds due in February 2023 also fell the most in two months.

On Friday evening, the bank had announced that its board had agreed to raise $2 billion from an assortment of investors. Of this, $1.2 billion will come from Canada-based businessman Erwin Singh Braich and SPGP Holdings. The second big investment was coming from CITAX Holdings.

Shares of Eicher Motors dipped 5 per cent to Rs 21,853 intra-day on BSE on Monday as investors booked profit after the company reported disappointing motorcycle sales in November 2019.

The company that manufactures the iconic Royal Enfield (RE) brand of motorcycles which leads the premium motorcycle segment in India recorded 8 per cent drop in total two-wheeler sales at 60,411 units in November 2019.

Billionaire Ajay Piramal's shadow banking unit has borrowed Rs 11 billion ($153 million) from Barclays Plc to refinance part of its existing debt and extend new loans, according to people familiar with the development.

While the rate of interest is 7.5 per cent on the four-month loan deal signed last week between Piramal Capital & Housing Finance Ltd.

TVS Motor has reported a 26.52 per cent drop in domestic two-wheeler sales during November, to 191,222 units from 260,253 units the same month a year ago, owing to huge pressure is its scooter segment.

The company has attributed the decline to the advancing of the Diwali season by a month and the planned adjustment of BS IV stocks.

Bajaj Auto on Monday reported a marginal dip of 0.9 per cent in total sales at 403,223 units in November this year.

The company had sold 406,930 units in the same month a year-ago.

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