Vodafone Idea Ltd. has hired Bank of America Corp. and Morgan Stanley to help sell its fiber assets as India’s largest mobile carrier by users seeks to bolster its finances, people familiar with the matter said.

The bankers will initiate discussions with potential buyers for the fiber assets, which could be valued at as much as ₹130 billion ($1.9 billion), the people said, asking not be identified as the talks are private.

Sri Lanka has signed an agreement with India to upgrade tracks in a key railway segment connecting the north and south at a cost of $ 91.26 million.

This is the first time in 100 years that the 130 km-long-tracks, running from Maho town in the North Western Province to Omanthai in the Northern Province, are being upgraded.

Infrastructure company Larsen & Toubro Friday said its power business has bagged “significant” orders from Damodar Valley Corporation (DVC) to set up flue gas desulphurisation (FGD) systems in three of its power plants.

DVC’s three plants where FGD systems will be set up are Durgapur Steel Thermal Power Station (2×500 MW), Mejia Thermal Power Station (2×500 MW) and Raghunathpur Thermal Power Station (2×600 MW) – in West Bengal, Larsen & Toubro (L&T) said in a regulatory filing.

ArcelorMittal, which was declared the highest bidder for debt-laden Essar Steel, on Thursday moved the Supreme Court against a part of the order of the National Company Law Appellate Tribunal (NCLAT) which had ruled that the profit of Rs 3,495 crore generated during the corporate insolvency resolution process cannot be given to it.

The appellate tribunal had held that the profit should be distributed among all the financial and operational creditors on a pro-rata basis of their claims.

Taking cognizance of reports of TikTok and Helo being used for anti-national activities, the government has issued notices to the social media apps asking them to answer a set of 24 questions by July 22, failing which they could be banned in India.

The apps, which are owned by China-based firm ByteDance, have recently become popular, especially in smaller towns and cities.

In light of a spate of resignations by auditors and many not stating the reasons for such decisions, markets regulator Sebi on Thursday put out a consultation paper on policy proposals with respect to resignation of statutory auditors from listed entities, asking for suggestions on the new framework.

The Securities Exchange Board of India (Sebi) has proposed that if the auditor of a listed entity has signed the audit report for all the quarters of a financial year, except the last quarter,

Microsoft Corp on Thursday beat analysts' estimates for fourth-quarter revenue and profit, driven by continued sales increases from its cloud business and sending its shares to all-time highs.

Since Chief Executive Satya Nadella took over in 2014, Microsoft has been shifting away from its Windows operating system software and toward cloud services, in which customers move their computing work to data centers managed by Microsoft.

Son of former Prime Minister of India Lal Bahadur Shastri, Anil Shastri on Thursday expressed worry over the current crisis enveloping the Congress party and opined that the grand old party needs a 'Gandhi' at the helm, otherwise it might meet the same fate as regional parties like NCP, TMC and get disintegrated.

State Bank of India (SBI) will release the SBI Clerk Prelims Result soon on their official website - sbi.co.in.

The SBI Clerk Preliminary exam was conducted online on 22 June, 23 June, 30 June.

India’s second mission to the Moon — Chandrayaan-2 — will now lift off at 2.43 pm on July 22 with scientists resolving the technical glitch in GSLV-MkIII-M1 rocket that led to the aborting of the launch three days ago, the Indian Space Research Organisation (Isro) said on Thursday.

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