The Federal Trade Commission is scrutinizing a deal Amazon.com Inc. made with Apple Inc. to sell iPhones directly on its e-commerce site, signaling the agency has increased oversight of the tech giant.

John Bumstead, who sells refurbished Apple products, said in a Facebook post last month that about seven lawyers and an economist from the FTC interviewed him about the deal.

North Korea says leader Kim Jong Un supervised another test firing of a new multiple rocket launcher system that could potentially enhance the country's ability to strike targets in South Korea and US military bases there.

The report by Pyongyang's official Korean Central News Agency on Saturday came a day after South Korea's military said it detected North Korea firing projectiles twice into sea off its eastern coast in its third round of weapons tests in just over a week.

Rejecting any mediation by US President Donald Trump on Kashmir, India on Friday made it clear to America that any discussion on the issue, if at all warranted, will only be with Pakistan and only bilaterally.

The assertion by External Affairs Minister S Jaishankar came hours after President Trump said he would “certainly intervene” on the Kashmir issue if New Delhi and Islamabad wanted him to.

Mumbai: State Bank of India (SBI) was back in the black on Friday as it reported a net profit of Rs 2,312 crore for the April to June quarter of 2019-20 (Q1 FY20) due to healthy growth in advances and stable asset quality.

The country's largest commercial bank had registered a net loss of Rs 4,876 crore during Q1 FY19. This is also 176 per cent higher than the net profit of Rs 838 crore during Q4 FY19.

Mumbai: Equity benchmark Sensex on Friday fell over 300 points in line with global market sell-offs as investors panicked after the US decision to impose fresh tariffs on Chinese goods.

The trade war tensions between the US and China along with unabated foreign fund outflows weighed heavily on the market sentiments, traders said. Tracking tepid global market trend, the 30-share index was trading 333.32 points, or 0.90 per cent, lower at 36,685.00.

Punjab National Bank (PNB) has revised interest rates on fixed deposits on select maturities with effect from 2 August 2019. PNB has lowered the interest rates by up to 50 basis points on maturity periods such as 7-14 days, 15-29 days, 30-45 days, 46-90 days and 91-179 days. On deposits maturing in 7-45 days, PNB is offering an interest rate of 5% to the general public and 5.5% to senior citizens on fixed deposits of up to ₹2 crore.

Loss-making telecom PSUs Bharat Sanchar Nigam Ltd and MTNL have failed to clear salaries of their 1.98 lakh employees for July in time, a union leader said on Thursday.

While BSNL Chairman and Managing Director P.K. Purwar said that employees will get the July salary on August 5, the union leader said that no information has been shared by the management about the disbursal of the salary.

State-owned Coal India Limited (CIL) has decided to purchase its own rail wagons under the General Purpose Wagon Investment Scheme (GPWIS), a scheme which the railways announced last year in view of boosting up logistics support for general cargo.

Earlier, there were schemes for owning tankers and container wagons to carry special goods like petroleum, oil and other container cargo serving the ports.

Top information technology companies such as TCS, Wipro, Infosys, Tech Mahindra and HCL have told the government that China remains a difficult market to do business in, despite the fact that they have been present in the world’s third-largest IT services market for over a decade now.

In a meeting with commerce and industry minister Piyush Goyal late on Wednesday, the top executives of these companies said market access in China is a nagging issue, thanks to various non-tariff barriers employed by Beijing.

Hinduja group flagship Ashok Leyland Ltd (ALL) has said it has decided to prune costs across verticals to not only stay fit in the volatile market conditions but also maintain its earnings before interest, tax, depreciation and amortisation (Ebitda)/profitable margins at a decent level.

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